The Ledger
Curated content foranalytical business leaders
Manufacturers Need More Than Their ERP System to Be Successful
February 26, 2018
As manufacturers, efficiency, quality, cost and customer satisfaction are all elements that drive your business. The technology that is used must have operational meaning, purpose, and application for you to make an investment. It must improve production and increase your competitiveness. You shouldn’t have to compromise your business with an ERP that wasn’t designed for manufacturing. You need a system that can handle the complexity of your business and that gives you the insights you are lacking in your ERP system.
Old School Supply Chain Operations Won’t Be Successful For Long
February 22, 2018
“Intelligent Operations” technology, as opposed to traditional, transactional ERP systems, is an application category that gathers and provides context to diverse data sources, providing visibility to all of the participants in the value chain to enable faster decisions that eliminate waste and raise customer service levels. Supply chain executives across all industries have been developing digital strategies over the past several years. They are aggressively addressing integrated technologies, such as cloud-based platforms and predictive analytics. These technologies give their business a competitive edge against their competitors that are still using old school processes.
The Golden Rule of Analytics- Don’t Forget About Data
February 21, 2018
A recent survey of finance professionals shows that Artificial Intelligence (AI) is on everyone’s mind. While AI gets the headlines here and elsewhere in the world, the survey addresses both big data and AI. These days, most companies believe they are getting added value from their data and AI initiatives- meaning they are taking advantage of advanced analytics. However, the survey also showed that while analytics are being utilized, there still isn’t an enterprise data strategy in place. This continuing rise in the importance and challenges of big data is one of the most important features of contemporary economy and society.
Read More at The Harvard Business Review >
Thriving in Today’s Business Climate With Continuous Finance
February 20, 2018
The acceleration of the business cycle has turned the finance world on its head, causing finance teams to rethink their entire strategy. Rapidly evolving technology that improves collaboration, automation, and insight are also leading finance drivers to shift to a continuous model for their accounting, planning, and measurement processes. That means changes like moving from “period-end” accounting to “as-it-happens” accounting, and from periodic forecasting to rolling forecasting. By having a continuous finance vision, finance leaders will be able to lead their business to a finance transformation that will improve efficiency, strategy and profitability in the long-run.
Read More at The Digitalist by SAP >
