2B — March 30 - April 12, 2018 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
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O wners , D evelopers & M anagers By Wally Merkas, WITHUM Top signs you’ve outgrown your current ERP System
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be configurable to meet the individual needs of your com- pany. If you find yourself always thinking how nice it would be, or how much time it would save if your ERP solu- tion could do such a thing it might be time to consider an update. A good ERP system will allow you to adjust the software accordingly for your company needs. In addition to configuration, a good ERP system should also be able to adapt to change. If your ERP system can’t adjust, or scale to additions such as new warehouses or more custom-
ers or employees, it’s time to move on. 4. Requires the Use of Too Many External Resources The main point of an ERP system is to allow you to access and store your company’s data on one collective platform. A good ERP solution will al- low you to integrate external sources and build out a single source of truth for your data. If you’re finding that you have to use other external sources either because your ERP sys- tem doesn’t provide those ser- vices or because the services provided are inadequate and you are unable to seamlessly integrate with your ERP, you may have outgrown your cur- rent system. Aside from the four reasons above, there could be many indicators that your business needs to update their core sys- tems. If your organization is having problems with one, or any, of the following processes, it may be time to consider an upgrade, or new ERP imple- mentation: • Financial & Operational Reporting • Debits, Credits, & Payroll • Network & Web Traffic • Procurement & Planning • Inventory Management • Shipping & Payments •Manufacturing &Production Wally Merkas is a senior manager in Withum Digital’s Cloud Solutions & Manage- ment Consulting practice. n Thornton Tomasetti’s Naderi receives SEA-MW 2018 Rising Star Award Washington, DC — Thornton Tomasetti , the international engineering firm, announced that project engineer Dara Naderi, P.E. has received the 2018 Rising Stars in Structural Engineer- ing Award from the Structur- al Engineers Association of Metropolitan Washing- ton (SEA-MW) . Naderi was honored at the organization’s Excellence in Structural En- gineering Awards Gala on February 24 at the Mayflower Hotel in Washington, D.C. The annual award recog- nizes engineers for their pro- fessional achievements, for serving as role models through service and public outreach, and having a positive impact on their profession, communi- ties and the world. n
he purpose o f an enterprise resource planning (ERP) imple-
to par. 1. Data is Not Provided in Real Time If your company is dealing with a large volume of orders, sales, customer interactions, etc. it’s necessary that you can see and respond to data in real-time. Inmany cases, older ERP systems don’t update automatically and prevent or delay you from taking immedi- ate action. 2. Too Much Manual Input Are you having to manu- ally input data? Just about all modern companies rely on the Internet or other technology-
based interfaces in order to interact with customers and vendors. Having to manually input this kind of data is time consuming and inefficient, and an updated ERP solution can help automate processes. Considering an ERP sys- tem for your organization? Download our whitepaper, A Cost-Benefit Analysis of Investing in an ERP Solution, to better understand the cost expectations of an ERP for your business. 3. Inability to Configure According to Your Needs Your ERP solution should
mentation is to allow your organization t o b e c ome mo r e e f f i - cient. Do you think your s o f t w a r e may be slow- i n g d own ,
Wally Merkas
rather than speeding up your organization’s productivity? If so, below are some clear indicators that your current ERP solution might not be up
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