Over 60% of global financial institutions will increase their investment in compliance initiatives within the next two years. The ability to navigate a constantly shifting regulatory landscape, manage multi-currency transactions, and make informed strategic decisions in a complex global marketplace are now prerequisites for success in the financial services industry.…
Managing Risk and Supplier Relationships As supply chains stretched around the globe, they also became increasingly vulnerable. Events in one country can easily create ripple effects that cripple a company halfway around the world. This means careful scrutiny of potential partners, not just when signing a contract, but as an…
Over 47% of surveyed Australian wholesale businesses plan to expand or diversify their distribution channels in the next year. To thrive in this evolving market, wholesale distributors must maintain efficiency, manage the intricacies of supply chain networks, and ensure exceptional customer experiences. NetSuite provides an adaptable cloud-based solution, offering the…
Over 80% of publicly traded global companies are required to abide by International Financial Reporting Standard (IFRS) 15 and the American counterpart, ASC 606. This shift in revenue recognition presents a complex challenge to Australian businesses, requiring a thorough reevaluation of existing financial systems and processes. At their essence, both…
The manufacturing sector has one of the highest ERP implementation failure rates, sitting at around 69%. However, Enterprise Resource Planning systems have become essential for manufacturers to streamline their operations, improve productivity, and enhance decision-making. Knowing and planning for the most common ERP system implementation challenges can significantly impact whether…
The recent Optus Outage that began at around 4:05 am on a seemingly ordinary Wednesday morning, serves as a stark reminder of this fact. Spanning more than a gruelling twelve hours, this incident wasn't a fleeting inconvenience but a sharp jolt that exposed the fragility of dated legacy systems within…
June 25, 2024
How Cloud ERP Supports the Flexible Workplace
As Australia's businesses continue to embrace remote work, the need for technology that offers both flexibility and control is more apparent than ever. Cloud ERP for remote work has been the spearhead of this transition, enabling employees to tap into their company's suite of business functions from any corner of…
Cloud ERP, a modern and flexible approach to enterprise resource planning, should play a central role in your business' overall digital transformation strategy. With the increasing need for agility, scalability, and accessibility, cloud-based ERP systems offer several compelling advantages that can drive your business forward in the digital era. While…
With increasing cost pressures across raw materials, machinery and human resources, manufacturing companies are looking for new and better ways to manage their production processes. Lean Manufacturing is not a new concept, but it is one that has gained significant traction in recent years. Lean Manufacturing focuses on eliminating waste…
Implementing an enterprise resource planning (ERP) system is a complex process that involves various components, including software installation and data migration. However, one critical aspect that is often overlooked is change management. Companies that are embarking on an ERP adoption journey must understand the importance of change management to ensure…