Better Business Hub by Deskera https://betterbusiness.deskera.com Run your Business Fri, 29 Dec 2017 09:23:13 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.4 109529158 4 best practices for successful zero-based budgeting https://betterbusiness.deskera.com/4-best-practices-successful-zero-based-budgeting/ Fri, 29 Dec 2017 09:23:13 +0000 http://betterbusiness.deskera.com/?p=7158 The post 4 best practices for successful zero-based budgeting appeared first on Better Business Hub by Deskera.

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Zero-based budgeting (ZBB) is a simple concept that has been around since the 1970s. Fundamentally, it proposes that instead of relying on historic spending data to forecast budgets, start at zero and build budgets solely based on costs with a justified need. Much has changed in the business world since the introduction of ZBB, including operational practices, workplace cultures, and financial management technology.

In ZBB, budgets are not linked to prior year spend – they are built from the bottom up. To fully justify all expenses, managers need to routinely review the most cost-effective way to deliver their activities, programs, and levels of service; keep their resources in step with workload; and eliminate any expense that is not aligned with strategy. ZBB is not just about cutting costs. By eliminating wasted and unproductive spending, ZBB frees up cash that can be reinvested to fund organic growth or acquisitions. As such, ZBB can be a catalyst for growth. ZBB is becoming the accepted go-to approach for any company struggling to maintain margins at a time when prices are largely capped.

Because of its ability to quickly restructure the costs of new acquisitions, ZBB has always been favored by private equity firms that need a quick turnaround. But it is also gaining adherents with manufacturing, advertising, and hospitality companies. Continuing severity in government funding has also led to a renaissance of ZBB in the public sector.

If you’re new to ZBB, or haven’t used it in several years, here are the four best practices to achieve success.

1. Adopt a positive approach

ZBB is more than just reducing costs. It’s a necessary step for freeing up the resources and funds needed for business renewal and growth initiatives. Working with the business leaders, you can use internal and external benchmarking to illustrate profitability gaps that need to be closed and explain exactly what will happen to the savings.

2. Identify the quick wins

Initially focus your ZBB initiative either on the larger and more stable business units that are struggling with profitability or selected areas of overhead such as sales, general, and administrative expenses, where there are large amounts of indirect cost that are not clearly understood. Such choices will not only help reinforce the rationale for undertaking ZBB, but they will also deliver the largest cost savings with minimal disruption to the rest of the organization.

3. Select the right planning platform

The success of ZBB depends on having detailed insight into the operational drivers of costs, such as activity volumes, productivity ratios, and input costs – none of which is contained in traditional planning and budgeting software. These older systems only contain highly aggregated, financial data and as a consequence, need to be supplemented with considerable amounts of data from elsewhere, such as spreadsheets. However, manipulating this data in auxiliary spreadsheets increases both the complexity and workload involved in any ZBB initiative.

4. Plan for sustainability

Move on to other business units or expense categories and revisit previous projects to ensure the savings once you have implemented a successful ZBB project. Don’t decommission your ZBB model either. Since it contains the casual relationships between different activities, resulting resource needs, and expenses of those needs, the ZBB model can easily be developed into a driver-based planning and budgeting model that could beneficially supplement or replace existing Financial Planning and Analysis (FP&A) processes.

Conclusion

Using these four best practices and the flexible and easy-to-manage planning platforms available today have reduced the complexity and costs of undertaking a ZBB project. Any successful ZBB project should result in a heightened awareness of cost control. It’s probably true that every company could benefit from at least trying ZBB. Especially with modern technology and tools, ZBB enables more inclusive and informed decision-making about investments, and it helps participants be more accountable for their decisions. Take a broad approach supported by executive sponsorship in order to lead to more strategic and successful ZBB program results.

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2017 Industrial Manufacturing Trends https://betterbusiness.deskera.com/2017-industrial-manufacturing-trends/ Wed, 13 Dec 2017 04:47:32 +0000 http://betterbusiness.deskera.com/?p=7138 The post 2017 Industrial Manufacturing Trends appeared first on Better Business Hub by Deskera.

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Productivity gains are paramount in a slow-growth environment and that could be a boon for industrial manufacturers. They must adapt to changing demands and serve their customers by designing tools that improve the efficiency and performance of factories and other capital projects. Whether enhancing their or their customers’ plants, industrial manufacturers have an opportunity to profit from innovation strategies that build upon advanced manufacturing concepts and the potential of the industrial internet. Industrial manufacturers should be consider their investments more carefully and focus on developing technology platforms as well as new operating models that enable connected products and services to integrate their customers’ operations.

Below mentioned are five industrial manufacturing trends of 2017.

1. Leverage data and analytics in a new business model

Industrial manufacturers hustle a variety of services enabled by connectivity and data by upgrading their technical capabilities. These new services include condition-based maintenance, which involves ongoing real-time monitoring of equipment to determine its maintenance needs, collaboration with customers on a day-to-day basis to customize asset optimization, and predictive performance management for large and small projects and equipment. This approach helps to enhance customer retention and lead to deeper and more lucrative commercial engagements.

2. Innovate pricing

The traditional pricing model for the service contract must be changed from pay-for-product to pay-for-performance. Industrial manufacturers should establish fee structures tied to outcomes. If equipment downtime is reduced or if an upgrade improves productivity, the industrial manufacturer will be paid more.

3. Develop strategic partnerships carefully

Industrial manufacturers must become more active players in the technology ecosystem, seeking expertise outside the industry in order to develop equipment connectivity, data analysis, and software that are beyond their current abilities. Leaders have to balance the practice of close collaboration with strategic partners against the need to stay flexible in contracting and partner selection, all while maintaining their hold on their markets. It is possible that a partnership will fall apart because two collaborating companies suddenly realize that their customer base, once distinct, has morphed and they have become direct competitors, vying for the same customers with the same product.

4. Decide what intellectual property to share and what to develop

It is difficult for industrial manufacturers to manage digitization and big data analytics because their internal IT systems are so awkward. Also, it is hard for IT to respond quickly or adequately to business and market demands and to facilitate digital solutions that are suddenly in favor in the executive suite. Industrial manufacturers must begin the process of overhauling their IT systems, creating a completely new architecture that can serve as the backbone for internal and external technology initiatives.

5. Create strategies for talent development and retention

When trying to attract and retain talent, industrial manufacturers often find themselves at a disadvantage. They must purposefully map out an exciting technology strategy with specific benchmarks and achievements anticipated for the next 18 to 36 months — and then communicate this clearly to job candidates. Even companies that have not yet felt the shortage of technology-savvy staffers need to take steps to prepare for it as the number of job openings in this field will continue to outpace the number of available hires for the foreseeable future.

Putting together

The industrial manufacturing trends are not necessarily something that has been discussed in mainstream media. But, that does not mean they lack importance. In many ways, these trends will define how manufacturers respond to changing attitudes throughout 2017 and the next four years. Eventually, manufacturing is evolving in the wake of a new presidency to meet the demand of modernity.

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Convergence of HR and Finance: A Better Operating Model https://betterbusiness.deskera.com/convergence-hr-finance-better-operating-model/ Tue, 28 Nov 2017 07:43:36 +0000 http://betterbusiness.deskera.com/?p=7110 The post Convergence of HR and Finance: A Better Operating Model appeared first on Better Business Hub by Deskera.

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The greatest asset of any company is its people and they drive the success and growth of organization to a larger extent. Workforce’s value is more worthy and heavier than any physical asset. Nowadays, the organization expects the finance department to take a more active and effective role in constructing the business plans and it demands a substantial understanding of the human resource. Furthermore, it demands a collaboration of both departments namely, HR and finance for an integrated and result-oriented corporate environment. This article will discuss how the convergence of these both wings create a better operating model in any business.

The human resource and finance department are the primary sides of the coin called business and assimilation of them is decisive. Experts have found out many logical backgrounds behind this convergence and they are explained below:

Finance and HR interact on 34 touch points

There are 34 touch points where both finance and HR interact with each other. If we make any change in the HR policy, it has a mutual influence on the finance too. Therefore, the productive relation between the both is necessary. Starting from new talent acquisition till project management, both these departments work in tandem with each other towards a unified work culture. A smooth and productive relationship can be achieved between the both with a complete suite. Moreover, with this we can achieve higher automation level to build new skills.

An exceptional partnership on Cloud

When we recruit a new employee, we assign the employee a manager, a cost center, and a role. If we have two separate HR and finance departments, these processes can be tedious and lengthy. In this background, a consolidated system can make the whole system smooth and easy by eradicating the double data entry method. Both Deskera ERP and Deskera HRMS together ensure a better data integration on a cloud platform.

Easy access to avant-garde technology

A convergent HR and finance system is more adaptive in acquiring latest technology, machine learning, and artificial intelligence. Together they embrace greater agility when it comes to market challenges and opportunities. It is also suitable for the millennial generation who have grown up with the latest technologies.

Stable data

When you have a unified platform for both HR and finance, data acquisition becomes easy as you don’t need to use two separate systems. An integrated system gives you more interesting insight into the company’s workforce cost. You can slice the entire cost to personal levels which can give you a more detailed overview of the workforce cost’s division.

Closure

The right integration of both HR and finance saves time and allows people to spend more time in planning the perfect business strategies with an impeccable workforce. Beyond a temporary goal, such integration helps to set a strongly defined business vision for the future. We can go for full conversion or specific synchronization of certain fields between the both. It can vary from business to business and thus effective research and investigation are required before taking such groundbreaking decision.

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How Blockchain Security is Driving Digital Transformation? https://betterbusiness.deskera.com/how-blockchain-security-is-driving-digital-transformation/ Tue, 21 Nov 2017 10:40:32 +0000 http://betterbusiness.deskera.com/?p=7092 The post How Blockchain Security is Driving Digital Transformation? appeared first on Better Business Hub by Deskera.

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Let’s start by understanding about blockchain before we move ahead. It is a security feature for online transactions and it manages stable and tamper-proof records of transactional data. A blockchain works as a decentralized database maintained by computers in a peer-to-peer (P2P) network.  It is also known as distributed type of ledger and each computer in the single network manages a ledger copy to avoid a single point of failure (SPOF). Being a cost-effective and protected technology to preserve records of all type of digital transactions, blockchain is popular for making authenticate transactions without the presence of the third party like banks.

Blockchain – the soul of digital transformation

Digital transformation is a very common conversion where organizations or businesses revamp themselves from existing process and activities to fully changed opportunities with modern digital technologies. Such adoption helps the organizations to accelerate their impact on the society in a prioritized way. Digital transformations boost innovation and creativity in a specific field. A paperless office environment is the dream result of any digital transformation.

This is a crucial and critical process as it completely changes the existing environment. During the time of digital transformation, transferring data is a demanding procedure and it has really become a sensitive issue with the presence of community-based application where you are not the only player. Data security is a primary concern where multiple players can change them and thus authentication of the same becomes a daunting task.

In this background, blockchain has become a prime component of digital transformation in the cloud, mobile devices, and IoT interactions. To gain benefit in blockchain-based digital transformation, you must know its foundation, strength, and limitations. The blockchain technology helps you to trust bilateral interactions including bills and payment where the content can be changed by all parties. Traditionally, a trusted intermediary or third party was employed to keep the authoritative copies but blockchain has eliminated the role of the third party in the digital transformation process.

How blockchain secures transaction?

The parties in a blockchain use strong keys to authenticate their transactions with two strong hash codes. One hash code is added to offer temper protection and another is used to provide security to the previous transaction. Such hash code combination forbids other parties to change the respective transaction.

Adoption of blockchain in mobile security

Adoption of blockchain is imperial in mobile security during digital transformation. As a first step, you should identify the community-based elements of your mobile application. The blockchain technology is very good at authenticating the involvement of the players and with more number of players, blockchain ensures more authenticity.

Look for a community platform

The blockchain technology is a community-driven knowhow of modern times.  Many leading companies have developed community proof-of-concept in IoT and mobile platforms. It offers trust, transparency, and decentralization which is the most important factor for a community-based platform. The growth model of any community and blockchain is quite similar; the participants within the network devote time, capital, and resource. Eventually, the network becomes more valuable and trustworthy for all the participants.

Accept Blockchain-as-a-Service Model

Accept blockchain as a security part in the digital transformation process. You should acknowledge blockchain-as-a-service model and theoretically, you can deploy a single blockchain in multiple IT platforms. The blockchain-as-a-service model is an excellent opportunity to explore in a community-based platform.

Moving On

The blockchain is not only fully driving the process of digital transformation, it also offers complete freedom to your transaction system to run on its own. It minimizes your cost as you don’t need a third party to authenticate the transactions. The wide scope of blockchain crossing all the platforms like the cloud, mobile, and IoT devices makes it an indispensable part of the digital transformation process.

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What do manufacturers look for in an ERP software? https://betterbusiness.deskera.com/what-do-manufacturers-look-for-in-an-erp-solution/ Thu, 16 Nov 2017 12:54:54 +0000 http://betterbusiness.deskera.com/?p=7076 The post What do manufacturers look for in an ERP software? appeared first on Better Business Hub by Deskera.

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The process of selecting the right manufacturing ERP solution to fit your business can feel like just as intimidating a challenge. While it’s always beneficial to have multiple options to choose from, it’s often overwhelming to examine through them all – especially when not all cloud manufacturing ERPs are created equal. Top performing manufacturers approach the selection process with a clear plan in mind and come away with solutions that implement smoothly and help drive business immediately.

Whether operating a make-to-stock or make-to-order production environment, manufacturers are looking to optimize daily operations, remove waste, simplify processes, and improve manufacturing flexibility. ERP solutions designed specifically for manufacturers come in all shapes and sizes, and often businesses make their selection based on the effectiveness of the vendor’s sales engineers; rather than the true effectiveness of the solution.

Four ERP features every manufacturer needs

An ERP solution is an essential component to manufacturing businesses. The process for an ERP solution should be a top priority for manufacturers whether implementing a new ERP solution or upgrading an already existing one.

Mentioned below are the four features manufacturers should look for in an ERP solution:

1. Functionality

Ease of use should definitely be among the top selection criteria for an ERP solution. Also, an ERP solution must offer room for future expansion. In other words, the ERP solution should be scalable and have the ability to add functionality as the company or organization grows. A manufacturer may currently sell to the domestic market, but may reach a global market in the future. Business processes will need to be able to adapt to global compliance, and the ERP application should be scalable to handle customs, shipping, and other regulations associated with global manufacturing.

2. Integration

The purpose of an ERP system is to contain all the information critical for running a business. This is why manufacturers have an interest in solutions that offer integrated suites. The benefits from an application that seamlessly performs together with others is plentiful. Employees can find and access the data they need to do their jobs better and more efficiently; while at the same time, make better decisions from the streamlined processes and real-time data they collect. An integrated ERP platform can also serve as a system of record, making it easier to look back and spot any order or inventory changes.

3. Mobility

The consumption of mobile devices these days makes it clear that the future is mobile. This makes mobile one focal point manufacturers should look for in an ERP solution. Along with mobile apps for smartphones and tablets, the demand for wearable technology is growing too. Smart watches continue to evolve and are constantly being developed to become more user friendly and capable of syncing with other mobile devices to enable hand-free operations.

4. Big Data Analytics

Manufacturers have become more and more dependent on IT and accumulated vast amounts of data and information that can quickly become underutilized. Manufacturers can begin to use data for more accurate forecasting by selecting an ERP solution that has the capabilities for analytics, as a part of the approach to building business strategies for the future.

To conclude

Your business may function the exact same as all other manufacturing business; but in reality, it’s totally different. You may do all the same things, but no business does them exactly alike, and that’s part of the reason why there is no one ERP system on the market. The size, complexity of processes, value of added features, and requirements of your business are just some of the major factors that are at play while determining what the best ERP system for your business actually is.

Speak to us for more details.

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Deskera shares insights on Digital Transformation & Security at Cloud Expo Asia https://betterbusiness.deskera.com/deskera-shares-insights-on-digital-transformation-security-at-cloud-expo-asia/ Fri, 13 Oct 2017 12:39:37 +0000 http://betterbusiness.deskera.com/?p=7049 The post Deskera shares insights on Digital Transformation & Security at Cloud Expo Asia appeared first on Better Business Hub by Deskera.

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Deskera, the global provider of cloud-based software solutions for small and mid-sized businesses, actively participated at the Cloud Expo 2017 at Marina Bay Sands, Singapore on the 10th and 11th of October. Deskera was the gold sponsors at the second edition of CEA and the show that hosted about 320 industry leading suppliers and 350 thought leaders was an exceptional cluster of business events covering the entire technology stack.

The two days event was both fun and knowledge filled and acted as a great platform for the vendors and prospects. Deskera experts’ team had a busy 2 days with the amazing 1300 footfall at their booth-M82. While the visitors were mostly prospective clients who expressed their interest in Deskera software, the visitors also included prospective partners from countries like Cambodia, Myanmar, and Thailand who showed interest in partnering with Deskera to become part of the expanding group.

“We have always believed that Deskera is not just a software, it’s an experience. It is aimed at running a business effortlessly with much ease. Participation at a global platform like Cloud Expo Asia 2017 was our chance to make the audience explore the latest technology.” said Deskera CFO, Peter Fleming.

Cloud Expo 2017 provided the opportunity to access the latest cutting-edge solutions and expertise, with full access to over 300 educational seminar sessions and dozens of real-life case studies from blue-chip organizations leading the successful adoption of cloud technology.

Deskera VP and Project Director were one of the few experienced speakers who shared their knowledge with a huge group of attendees on topics related to Digital Transformation with ERP and Security and Compliance.

“We stand at the cusp of a transformative age and this new-era change is being driven by digitization. There are only two constants today, one is change and the other is disruption. And this disruptive change has been brought about by digital forces.” said Deskera Project Director, Erwin Goh Hoh Chee, sharing his views on Digital Transformation with Deskera ERP.

Deskera Vice President, Saurabh Srivastava, outlining his views on Security and Compliance with Deskera Integrated Solutions, said “Even as the cloud industry grows and adoption becomes more widespread, worries about whether the cloud is secure persist. Not only do the top cloud solutions provide world-class protection, they enable compliance with regulations that are focused on security.”

Both the sessions provide great insights as mentioned by an attendee.

With so many high-level networking opportunities, Cloud Expo Asia 2017 was an access to the industry’s leading visionaries and a chance to do business with over 350 of the industry’s foremost solution providers.

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Deskera brings digital transformation to enterprises at Cloud Expo Asia 2017 https://betterbusiness.deskera.com/deskera-brings-digital-disruption-to-enterprises-at-cloud-expo-asia-2017/ Mon, 09 Oct 2017 10:54:15 +0000 http://betterbusiness.deskera.com/?p=7030 The post Deskera brings digital transformation to enterprises at Cloud Expo Asia 2017 appeared first on Better Business Hub by Deskera.

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Digital transformation has taken the world by storm, particularly the business sector. Its impact is being felt across industries, irrespective of geographies. Born-in-the-cloud enterprises are radically transforming business models. To survive in this fast paced world, enterprises must take the digital route and accept digital disruption. It is perform or perish. It is with this message that Deskera is participating in the 2nd consecutive year of Cloud Expo Asia 2017. Being held on October 11th and 12th at Marina Bay Sands, Singapore, the event will see Deskera bringing home its message on ‘Digital Transformation & Security’ and how it can bring technology and businesses together for a better world.

Two Cloud Experts from Deskera: Saurabh Srivastava, Vice President and Erwin Goh Hoh Chee, Project Director will address the august gathering at the expo. The event will also provide an opportunity to Deskera to exhibit its product suite at booth # M-82. Visitors will be able get a hands-on experience of Deskera’s cloud-based business solutions. Award-winning Deskera will help enterprises realize their potential and embark on a path of digital transformation so that they don’t get left behind.

“We are glad to be associated with Cloud Expo Asia 2017. Today, the world is moving towards cloud and automation. SMEs want to optimize their business operations and enhance their competitiveness not just locally but globally as well. Being a part of the expo would help us reach out to the visitors and provide them an in-depth understanding of our product and its benefits,” said Saurabh Srivastava.

While Saurabh Srivastava will talk about ‘Security and Compliance with Deskera’s Integrated Solutions’ at the Compliance, Governance and Security Service Providers Theatre, on Day 1 from 9:45–10:10 AM, Erwin Goh Hoh Chee will address the audience on ‘Digital Transformation with Deskera ERP’ at the Multi-Cloud Strategies & Managed Services Theatre from 2:50–3:15 PM. This will be one more step towards realizing Deskera’s mission of helping SMEs enhance business productivity and growth.

Today, more than 3,000 companies, with 80,000 users, manage their operations with Deskera ERP, CRM, HRMS solutions. The company has offices in several countries, including Malaysia, Indonesia, USA, India, Bangladesh. Deskera offers a cloud-based suite of integrated enterprise management applications — such as Enterprise Resource Planning (ERP), Manufacturing Resource Planning (MRP), Customer Relationship Management (CRM), Human Resource Management System (HRMS), Project Management (PM) and Learning Management System (LMS) — that help automate everyday business tasks such as book keeping, stock management, payroll processing, workforce management and more. Deskera products are designed to address the needs of a wide range of industries including trading and distribution, manufacturing, engineering, and construction.

Register Now for CEA 2017

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Deskera featured in 10 Fastest Growing ERP Solution Providers by Insights Success Media https://betterbusiness.deskera.com/deskera-featured-in-10-fastest-growing-erp-solution-providers/ Fri, 22 Sep 2017 12:18:28 +0000 http://betterbusiness.deskera.com/?p=6946 The post Deskera featured in 10 Fastest Growing ERP Solution Providers by Insights Success Media appeared first on Better Business Hub by Deskera.

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Deskera featured in the Insight Success magazine among the 10 Fastest Growing ERP Solutions Providers. Insight Success is known as the best business magazine that provides information about enterprise business management solutions. It lists organizations who have achieved trademark by providing best-in-class ERP solutions and are well equipped for the future markets, such as Deskera.

Deskera, is a leading cloud-based business management software provider and is known for providing the business solutions for small and midsize businesses. Deskera drives small and midsize business growth and bridges the digital divide by providing them access to new, high quality technological assets. Its cloud-based software enables companies to focus on their core business and resources in other growth areas like product development, marketing or sales. With its Big Data backbone, Deskera products offer a much required industry tool for inventing new solutions that cater huge customer base.

Deskera aims to keep up the momentum of making businesses simpler, user-friendly and automated. With a customer-centric approach, Deskera helps enterprises and businesses thrive. The software is a blueprint for business processes and assists companies to follow Generally Accepted Accounting Principles (GAAP). It helps companies across a range of industries to capture, track and report inventory. Deskera ERP provides depth and simplicity, all while guiding users through standard accounting processes and practices.

The best feature within Deskera ERP is the financial reporting tool. It enables enterprise to analyze income and expense, with ease. It accurately prepares the balance sheet and the general ledger, help to do away with the complicated and time-consuming paper-pen based financial recording. Where other ERP software take hours or a day to generate reports, Deskera ERP generates reports instantly.

Artificial intelligence will play a huge role in the future of ERP and AI in ERP will help in recognizing not only changing trends, but also problem solving to manage those outlines in real time. Deskera is now researching and analyzing thousands of options for new inventory or machinery in the ERP such as availability, price, or accessibility. Speak to us for more details.

Click here to read more.

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Tips for small businesses on recovering from natural disasters https://betterbusiness.deskera.com/tips-small-businesses-recovering-natural-disasters/ Fri, 15 Sep 2017 12:33:27 +0000 http://betterbusiness.deskera.com/?p=6925 The post Tips for small businesses on recovering from natural disasters appeared first on Better Business Hub by Deskera.

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It’s been 25 years since a Category 5 hurricane struck the United States, and Irma recently became the fourth storm of that strength to barrel into the states.

In addition to people’s homes, Irma hit local Florida businesses hard, especially small businesses. Any natural disaster – whether flood, wind, fire or earthquake – can cause business continuity problems. For small businesses, even one day of lost revenue can have a devastating effect on revenue, payroll, jobs, and more. Here are a few ways small businesses can be as prepared as possible for natural disasters and do their best to limit business interruption:

  • Have an internal communications plan for your entire organization – whether you employ 5 people or 50 people, phone trees are a great way to make sure everyone is accounted for and has the latest information during a crisis.
  • Have technical capabilities for employees to work remotely so that in case your store or facility is badly damaged, your organization can still be connected and working on things that can be managed off-site.
  • Make sure your business insurance policy covers all aspects of business interruption – not just damage and outage impacts. If a natural disaster is headed your way, contact your insurer before impact to work out a recovery plan.
  • Make sure your business data, backups, applications, and server images are stored off-site.

Technology and Disaster Preparedness

One way to minimize impact of a natural disaster on your business is by moving it to the cloud. With your business on the cloud, you don’t have to worry about physical damage to your system or data server. Because a cloud service provider has data centers at multiple locations, it continuity from other servers if one gets hit by a hurricane or any other calamity. Here are suggestions for putting that in place.

  1. Plan for the worst: It may never happen, but you need a crisis plan that accounts for all possible outcomes – even the worst. Ask important, but tough, questions like: If my physical location is destroyed, how would I handle my business’s data? How would I recover it? How long would it take? How do I keep my business running if I can’t recover anything?
  2. Invest in redundancy: Redundant data backups are easier now than ever before. Cloud backups are a popular and cost-effective method. Don’t settle for just one copy of your data in a single data center. Be sure you have redundant backups because you never know when Murphy’s Law (“Anything that can go wrong will go wrong”) may kick in.
  3. Designate a Disaster Recovery Czar: One person in your organization should manage all your backup and disaster recovery (BDR) activities. It is this person’s responsibility to plan, test, and execute the BDR plan.
  4. Implement and test: Disaster recovery actions are not useful if they don’t work. Create and execute a testing plan to ensure that all data is being backed-up correctly and that data can be restored from the backups.

There’s no way to know when disaster will strike, but you can do your best to plan for the unthinkable. If you have the resources to put a disaster recovery plan in place, do it today, even if you think you’ll never need it. If you don’t have internal resources available to put the proper backups and crisis procedures in place, reach out to a your cloud service provider who can make sure you are not one of the small businesses that never recover after a disaster strikes.

Conclusion

Risk mitigation, planning and preparation will help protect you, your business and employees during any natural disaster. Now is the time to prepare your business disaster and recovery plan. This is also the time to reevaluate your insurance needs. Consider the possibility of purchasing business income interruption insurance, this will help you meet your financial obligations during the rebuilding process. Purchase and organize any supplies that might help protect your facility and your employees in a disaster. You should also take this time to develop and test your plan. Planning and preparation are major fortifications against the hurricane devastation, and are the key to a speedy and successful recovery. Speak to us for more details.

Learn more about various types of natural disasters and what they can mean for your business. Most importantly, be safe!

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Deskera appointed ERP provider for Singapore’s National Trade Platform (NTP) https://betterbusiness.deskera.com/deskera-appointed-erp-provider-for-singapores-national-trade-platform-ntp/ Fri, 15 Sep 2017 11:42:57 +0000 http://betterbusiness.deskera.com/?p=6932 The post Deskera appointed ERP provider for Singapore’s National Trade Platform (NTP) appeared first on Better Business Hub by Deskera.

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In one more step towards its mission of bringing digital transformation within the SME sector and how they do business, Deskera Singapore, a global cloud-based business software provider, has been appointed as one of the National Trade Platform’s (NTP) solution providers to offer enterprise resource planning (ERP) tool to small and medium enterprises in Singapore. The company has been developing its product portfolio towards this end.

“We are very pleased to be a part of this novel initiative. The NTP is a nationalionized marketplace and a ‘game changer’ where SMEs can buy and sell digitally. This platform, implemented properly, can change how the 200,000 SMEs of Singapore transact locally and globally,” said Shashank Dixit, CEO, Deskera, adding: “The SME sector has always been in dire need of an enterprise software that would help them run their business end-to-end – not just do one thing, but ‘Run the business.’ Most of the existing software providers usually cater to big enterprises and are beyond the reach of SMEs, both in terms of affordability, adaptability, and complexities. I see a tremendous opportunity for a pay-per-user integrated business software suite that enterprises could quickly implement and utilize.”

Propelled by SPRING Singapore, the NTP initiative plans to become a one-stop trade information management system and aims to improve Singapore’s trading ecosystem by allowing different business communities to operate and share electronic information. As Singapore moves towards becoming a Smart Nation, Deskera plans to help SMEs carry out digital transactions. It will develop and pilot its own cloud-based ERP solution for the NTP. This interlinking of the NTP network and its Cloud ERP suite will allow a seamless exchange of trade, documentation, and information between business partners.

“Singapore is going to be the first nation of the world where SMEs transact on an approved platform. The challenge in dealing with a private player and a common player is that the private player may look at it from a profit point of view and may not be keen on ensuring that participants are approved and transactions are proper. If a common player launches it, there would be some assurance that players are more serious and credible,” added Deskera CEO.

Users will be able to connect to the NTP and access established communities to retrieve or exchange digital trade-related information for onward processing, such as to apply for cargo insurance, trade financing and make regulatory declarations. They can also extract Data Analytics and draw insights from their trade. With digitization, SMEs will be able to streamline logistics and supply chain. This will, in turn, uplift their IT capabilities, enhance their competitiveness within the industry, and optimize business operations. The NTP will also provide opportunities to developers to design new software Applications for various business needs.

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How the right ERP software can adapt for future growth https://betterbusiness.deskera.com/how-right-erp-software-can-adapt-for-future-growth/ Thu, 07 Sep 2017 12:03:25 +0000 http://betterbusiness.deskera.com/?p=6910 The post How the right ERP software can adapt for future growth appeared first on Better Business Hub by Deskera.

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Unfortunately, many of today’s ERP vendors are focused more on selling software quickly than on thinking long-term about helping drive and ensuring future growth for their customers. There are many small business entrepreneurs with aggressive growth strategies that are seeing their businesses are experiencing double or even triple digit growth. Sometimes, this growth is inhibited by manual, labor-intensive processes or out-of-date technology.

Today, out-of-the-box implementation is seen as the fastest and cheapest way to implement ERP, it can leave the product less flexible, negatively affecting the usability for companies. On the other hand, while customizing the ERP increases the length of the implementation time and can require more resources, it can greatly enhance the user acceptance, making the software more impactful for any organization.

This is where extensibility comes in. Extensibility is a software process that takes future growth into consideration and is an important component of any good modern ERP. In order to scale and reach maximum potential, without impacting future upgrades and implementation time, extensibility becomes a key feature of advanced ERP software.

Extensibility enables users to incorporate their own unique business processes that would be fully connected to the core system. Extensibility has one goal: successful implementation for customers. When choosing an integration platform, extensibility is the key. Customized platforms support extensibility by adding extensions like ODE.

The right ERP software can adapt for future growth in three important ways:

1. Adapt to your changing requirements

Does your growth plan include starting up or acquiring new operations? You will want an ERP that can be quickly and easily extended to include them so that you maintain an end-to-end view of your business as it grows. How about international expansion? Choose an ERP solution that supports multiple languages and currencies. The right ERP solution will support easy integration.

2. Save money

Streamline business processes and improve productivity across your business by reducing inventory levels and days sales outstanding. Cut down on manual data entry and increase inventory turns.

3. Help you focus on the business

The right ERP will require less attention from your IT people, freeing them up for projects that drive growth. Managers across your company, wherever they are located, can have convenient, 24/7 access to accurate, consistent, timely information to support the collaboration and decision-making that drive growth.

Deskera, using extensibility, allows small businesses to implement a robust, leading-edge business management application at a low initial cost, so they can continue to add users and invest in their people without forcing companies to pay additional exorbitant licensing fees.

Deskera also helps reduce implementation time by offering everything in an umbrella. Predefined dashboards, user roles, forms and reports easily allow businesses to turn on features when they need them and not spend an arm and a leg to get each module implemented.

The concepts of flexibility, scalability, and more importantly, extensibility, allow businesses to adopt all of the features and functionality they need when they need them. Interested to know more? Get in touch with our team. We’d be happy to give you a free demo today!

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How to avoid ERP failures – Steps to keep in mind https://betterbusiness.deskera.com/how-to-avoid-erp-failures-steps-to-keep-in-mind/ Tue, 22 Aug 2017 07:06:35 +0000 http://betterbusiness.deskera.com/?p=6894 The post How to avoid ERP failures – Steps to keep in mind appeared first on Better Business Hub by Deskera.

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Most ERP failures happen because of improper initial planning. While implementation and during initial stages you should involve the actual users to check the system, know the exact time to go live, map the requirement and the features and choose the ERP that fits your needs. Similar to a building construction work where if you place the initial brick-layers inappropriately, the building will fall for sure, the initial stages of ERP implementation is quiet similar to this situation.

Here are few areas which if taken care of at the right time, can avoid a major ERP failure.

User Acceptance is Important

Disregarding user reluctance shouldn’t be ignored. Some employees may not be very welcoming to the idea of learning a new software system. They might be unaware of all the new capabilities the system offers. Some might be uncomfortable with the realization that upper management can keep better track of their activities. Further, they might never have been consulted about what such an ERP system should or should not do. These issues cannot be ignored but strictly needs to be addressed. If the system is not used by the actual users in the right way, it will only result in a poor ROI.

Setting Impractical Go-Live Dates

Setting an arbitrary go-live date without fully understanding the impact on day-to-day business is impractical. While it looks good on paper and may help convince the finance department to fund the software, the date may end up being no more genuine. When the go-live date-setting decision is made before the project starts with little knowledge about the application, configuration and deployment details, implementations often run into trouble.

Choosing Big Bang ERP Implementation

Big bang ERP implementation pondered the way ERP was implemented a few years ago. Nevertheless that has changed as their high risk and questionable return on investment became more apparent. Consequently, more organizations now show a predilection for small sprints. However, doing a little at a time should not be used as an excuse to falter along through the millennia slowly adding a bit here and there. If the ERP implementation takes too long, you will face a completely different market landscape with different requirements.

Undervaluing Manpower Needs

A lot of companies fail to commend major personnel in proportion to the scale of their project. If selected and implemented well, an ERP will manage and grow a business for many years to come. Underestimating the need of the count of people who should be taking care of the implementation will only end up the task getting completed and not the quality that it deserves.

Going the one-size-fits-all path or specific

One-size-fits-all ERP systems are a good idea for certain businesses – but not for all. When you evaluate an ERP, make sure you have listed down your requirements in detail which will act as a checklist. It is better to look for vendors with a focus on your specific vertical markets and industries with industry-focused solutions and services. Going for a standard ERP system may be a concern down the line when you need it to track details of your business and it doesn’t provide that option and provide analysis specific to your requirements.

Conclusion

This list is not meant to be all inclusive. Nevertheless, these five points need attention to increase your possibility to a successful ERP implementation.

The organizations must chart out the time frame for the ERP implementation and strictly adhere to it. Management needs to optimally utilize the software and also allow the scope for scalability in future. It is very necessary to take all the employees of the concerned department and also other staff on board have accord while deciding to implement the ERP solution. While deciding to implement ERP, it is good to take all the employees of the related departments, have accord. Appropriate training is very much essential for optimal utilization of the ERP software.

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4 Reasons To Reengineer Business Processes Before Implementing ERP https://betterbusiness.deskera.com/reengineer-business-processes-before-implementing-erp/ Thu, 17 Aug 2017 06:25:36 +0000 http://betterbusiness.deskera.com/?p=6882 The post 4 Reasons To Reengineer Business Processes Before Implementing ERP appeared first on Better Business Hub by Deskera.

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Business Process Reengineering is an important method that redesigns existing business process to improve productivity, quality, and cycle time. This revamping process allows the management in any organization to rethink their existing process before moving to a more advanced level to streamline and automate their enterprise processes via an ERP implementation. Let’s look at few other reasons why this is important.

1. Maintain, or gain, competitive advantage
Your current business system may be dealing with a complicated process of managing tons of manual work, spreadsheets, and other transactions on paper. However this existing business process has been giving you a competitive edge from competitors for a long time. If you directly go for an ERP implementation, it may not work the best way. Therefore, business process reengineering before ERP implementation will support you to keep the existing unique selling propositions (USP).

2. Lean Six Sigma is important
Best practices are set of processes that worked for many companies and may work for you as well or may not! It is a blanket set of processes which should be followed but a few unique players should also look beyond what has been pre-decided through best practices. Lean six sigma is a branch of tools that can be used to explain own set of best practices in any organization. It also reflects organization’s efficiencies along with competitive advantages.

Five phases of six sigma are:

  • Outline the problem
  • Measure the problem
  • Recognize the cause of the problem
  • Implement and verify the solution
  • Maintain the solution

Thus, lean six sigma helps in identifying the root cause challenges and providing world-class solutions but it needs out-of-box thinking. Lean six sigma is an important part of business process reengineering and it can provide best possible help to understand the situations before ERP is implemented.

3. Deep understanding of business processes
It is crucial to slowly familiarize employees with the new platform long before the ERP implementation process begins. While a new ERP system can automate the entire business process, many of the tools and features can be rolled out independently. When it comes to change management, studies have showed it’s best if employees have a clear understanding about the business process improvement before automating the system.

4. Escape ‘paving the cowpath’ trick
Defining business process improvement prior to the implementation of ERP is a significant step. Companies that fail to redefine their existing business process prefer to go for simple automation with ERP implementation. They often may end up customizing the software to cope up with their broken processes. As a result, the entire process becomes costly with expensive technical consultancy sessions.

On the other hand, organizations that go for a planned business process reengineering before ERP implementation can save lot of extra cost and resources. They should also allow their technical team to spend time on best configuration practices to meet the industry standards.

To conclude

Business process reengineering provides a realistic understanding of the existing process and helps organizations to go for a successful ERP implementation by cutting extra cost and pacing the process at the same time. Employees can also easily embrace the new ERP system after the process reengineering is done.

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3 ERP Technology Checklist https://betterbusiness.deskera.com/3-erp-technology-checklist/ Wed, 16 Aug 2017 08:34:53 +0000 http://betterbusiness.deskera.com/?p=6876 The post 3 ERP Technology Checklist appeared first on Better Business Hub by Deskera.

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To cater to the changing needs of the dynamic businesses today, the ERP you choose should be comprehensive as well as flexible to accommodate any new changes as per the need of growing businesses. ERP software today needs to not only manage end-to-end procure-to-pay operations, but also integrates with your sales and other operations.

Choosing the ‘right ERP’ for your business isn’t an easy task. You need to keep in mind multiple points – features, integration with your other systems, scalability options, user-friendliness of the system and cost. To make sure you do not miss on any important check, the best is to create a checklist and search for a vendor with this checklist as a base. To start with evaluate the ERP on the below mentioned three essential questions:

1. Is it fast enough for your business?

Unlike legacy ERP systems, today’s enterprise business management solutions bring purchasing, manufacturing, inventory, sales, customer service, and financial management together. It is to create a single streamlined, high-speed system which can process a 10 times complex data. Validate if the ERP you are evaluating has all this taken care of.

2. Does it simplify needless complexity?

In the Bring Your Own Device (BYOD) world, mobile has changed the way people work. Check if the ERP you are looking at is mobile enabled. The right business management software should be easy to implement, manage, and use–ultimately allowing employees to work anywhere, anytime.

3. Can it adapt to your growing needs?

It is important to check if the ERP system can be expanded and scaled if required. You don’t want to be switching to another Every company is unique, and your enterprise business management solution should be built to adapt. That requires progressive capabilities designed to meet the industry’s growing requirements, both domestic and international, with built-in functionality to serve the evolving needs. At the same time it should be easily expandable and should be able to accommodate more users with your expanding business.

Any other ERP software vs. Deskera ERP

Choosing an ERP that is a fit for your business can be a daunting task.It’s time to experience enterprise business management software that quickly adapts to changing needs, offers easy access to workflow processes, and promotes continuous collaboration. Because Deskera ERP was designed specifically to address these issues, you get consistency and integration–ultimately leading to increased profitability. Reclaim control of your operations with minimal overhead or disruption. Fast, simple, and totally flexible, Deskera ERP helps you to evolve without leaving anyone behind.

A Strategic Approach to Technology

Demand a foundation that will transition your company through technology curves. In the long run, information technology (IT) will not keep you in business. It is what is happening on the manufacturing floor, in customer service, and out in sales that pays the bills and turns the profits. That makes the technology factor a strategic rather than a strictly IT decision.

Do not rely solely on the technology to determine the success of your ERP solution. While technology is obviously a significant persuading factor in an ERP technology checklist, history continues to show that some of the best ERP results occur when technology specifications are determined by what is required to support critical business needs. That is the essence of a buoyant approach to technology.

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5 key HR principles for effective Onboarding and Talent Management https://betterbusiness.deskera.com/5-principles-for-onboarding-talent-management/ Tue, 18 Jul 2017 09:36:49 +0000 http://betterbusiness.deskera.com/?p=6858 The post 5 key HR principles for effective Onboarding and Talent Management appeared first on Better Business Hub by Deskera.

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What are the key challenges for HR professionals today? Picking the right talent, the onboarding process and ofcourse the retention of the existing employees.

Retention of the existing employees is a huge subject in itself and is an ongoing learning process for organizations worldwide. The other two – talent management and onboarding can be managed better with keeping in mind a few checklists. Let’s look at some best practices that the industry believes will help in a right talent management.

1: Nurture in-house or Hire

An integral part of managing demand uncertainty is comprehending the costs involved in over- or underestimation. Assessing the trade-offs between training an existing employee for the vacancy and hiring from outside include an estimation based on the questions such as the duration for which you need the talent for, accuracy of your forecast of the duration and is the skill trainable to an employee from another job profile? Based on the answers to these questions take a call on the effort and cost to hire from outside vs. in-house training – the rest should be smooth.

2: Adapt to Uncertainty in Demand

Decide on the count you need to hire. Just because the candidates are available ‘now’ for a niche skills, hiring many of them isn’t the right decision probably. Employee’s on bench is a bigger problem to deal with and you pay for free! Forecast the demand for the skill and plan the hiring accordingly. The best way is to keep hiring periodically rather than a bulk hiring for sure. Bring in small batches if you are not able to predict demand so far out.

A human capital management software can help in forecasting and in managing existing resources better.

3: Start onboarding before your hire

Sounds confusing? What it means is that onboarding is the first step of getting a hire into your organization and the HR professionals should make sure that it is as smooth for the candidate as the internal processes are for your employees.

Is your applicant tracking system a user-friendly one? Is it comfortable to the candidates to understand and know where to go and click what? The HR professional who is the face of your organization is portraying the right and professional behavior? Is your recruitment strategy and company culture, both aligned? If not, expect your new hires to be in shocked with a ‘cultural-difference’. The initial experience are strong enough to decide where your new hire will head – towards the entry or the exit door.

4: Employee-Employer Interests

Employees today don’t worry about the years they spend with an organization, if they don’t like the job, they move on and the most talented get more opportunities to do so. While employers want the skills they need when they need them, delivered in a manner they can afford, employees want possibilities for advancement and control over their careers. The societies in which they operate and the economy as a whole needs higher levels of skills which are best developed inside companies.

5: Realize Potential and Training needs

Evaluating the potential of your employees cannot be done via a blanket rule. It has to be individual-based and the further nurturing of employees should also be done as per the assessed needs. Train your managers to help in this as they work closely with them and are the better evaluators of their talent. The training need assessed by the managers and the employee’s training interest should match for an effective training.

In a Nutshell

A cautious planning is required for a successful talent management and onboarding and will help if this becomes a part of an organization’s culture and practice. Checks at each level of onboarding and employee management is crucial and will help in identifying the problem areas, if any.

Helping your new hires to get comfortable with company’s culture and all aspects of their job profile should be a priority for all talent managers.

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