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Microsoft’s suite of Dynamics 365 software offers a variety of ERP options geared toward a broad range of business areas. The software is notable for its use of AI to provide insight into optimizing business operations. Microsoft bills its ERP systems as an excellent option for businesses that currently lack modern ERP software and still need to “break down” a siloed approach.
Dynamics 365 integrates seamlessly with LinkedIn Sales Navigator, a major plus for businesses already accustomed to this service, as they can continue using it without the need to implement a separate ERP tool. As part of its Dynamics line, Microsoft also offers CRM software that effortlessly integrates with its broader ERP systems. These features make Dynamics 365 a worthy consideration for businesses that interact heavily with customers and place a high value on solidifying customer relationships.
2. SYSPRO ERP
This ERP system is a popular choice for the manufacturing industry, as it’s noted particularly for its warehouse and inventory management capabilities. It’s well suited for the heavy demands of working with lots of other automated systems in production areas. SYSPRO boasts decades of industry experience, significant international reach and a 98% customer retention rate.
SYSPRO ERP stands out with a couple of interesting features: one is its “smart manufacturing” program, which relies on web-connected “smart platforms” that enhance software automation specifically in a factory setting. Another is its use of bots, or what it apparently unironically calls “digital citizens,” to help automate a company’s systems with minimal disruption to existing work patterns.
Businesses of any size that deal heavily in sales and customer interactions might want to consider Odoo. Similar to Microsoft’s Dynamic 365 systems, Odoo offers a built-in CRM system, meaning its customers can look no further for third-party CRM software once using Odoo. The system also features POS and e-commerce tools that translate to effortless software integrations for retailers and vendors.
Odoo’s software relies on an open source model, affording its suite of applications a high degree of compatibility and ensuring easy integrations. This means developments from third-party sources can always reach their maximum potential within the Odoo environment.
4. Oracle NetSuite ERP
This industry-leading ERP system bills itself as the world’s “most trusted” cloud-based ERP software. NetSuite may be able to claim the title of the most deployed cloud ERP solution with over 32,000 companies as customers. NetSuite has built up as much direct experience with cloud-based ERP software as any developer out there, with roots in some of the earliest examples of cloud applications and ERP systems.
Now owned by Oracle, the company has retained its industry leader status and solidified its popularity through generalization. Its software products satisfy virtually every ERP need for companies in all sorts of industries. NetSuite ERP uses the model of a basic, core platform (covered by an annual licensing fee) with optional add-on modules. While the suite as a whole aims to provide an all-in-one solution, the à la carte options mean users are still paying only for the tools they need.
5. Brahmin Solutions
ERP software from Brahmin Solutions excels at large-scale, real-time inventory management, making it a worthwhile consideration for bigger retailers, wholesalers and distributors. Users rely on its ability to gracefully integrate the management of a distribution system with multiple sales channels and warehouses.
Brahmin Solutions is notable for integrating an expiration date tracking function designed for businesses handling perishable goods and other time-sensitive materials. This not only lets users track impending deadlines but also provides support for strategizing when to move what for maximum profit. The software is also noted for its thoughtful and comprehensive reporting systems.
6. SAP Business ByDesign
This cloud-based ERP system from SAP SE is designed with small to medium-sized companies and subsidiary businesses in mind. Business ByDesign’s popularity in this area is backed up by the fact that it’s deployed in nearly 150 countries. As a result, it’s grown to incorporate 11 other languages beyond English, making it a fitting choice for companies with international operations.
SAP’s Business ByDesign software does it all, with tools in areas as varied as grant management, provider relationship management and executive support. A set of “prepackaged integrations” makes third-party applications exceptionally easy to build in.
7. Acumatica Cloud ERP
Acumatica’s Cloud ERP software brings an accounting-focused ERP solution to companies in search of powerful finance management tools. While it offers solutions for a variety of ERP needs, it’s particularly strong in its general ledger accounting and inventory management functions.
Along with a number of the examples listed here, the product is a software-as-a-service application licensed on a subscription basis and can be deployed both on-premises or via the cloud. The company’s unusual pricing structure makes estimating the applicable licensing costs more difficult than is the case with many of its peers.
8. Epicor ERP Systems
Epicor scraps the one-size-fits-all theory for EPR solutions, eschewing the popular model that builds optional add-ons atop a single generic base system. Instead, the company has a menu of distinct, hyper-specific ERP systems that each offer a tailor-fit solution to the ERP needs of a single industry. The company makes a point of addressing the needs of small, midsized and global businesses alike.
Examples of Epicor’s industry-tailored offerings include Epicor BisTrack for building materials businesses, Epicor Eagle for independent retailers, Epicor Kinetic for manufacturers and Epicor Eclipse for electrical, HVAC, plumbing and PVF businesses. Also offered are the aptly named Epicor LumberTrack, Epicor CMS Automotive and Epicor Decor Fusion (for paint and decor retailers), among other options.
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Thu, 06 Oct 2022 04:00:00 -0500Chauncey Crailen-UStext/htmlhttps://www.forbes.com/advisor/business/software/erp-system-examples/Killexams : Deloitte Launches Oracle MyCloud ERP Offering for Fast Growth and Private Companies
Offering helps organizations with accelerated, risk averse transformations by providing access to Oracle products, implement and support for a predictable monthly fee
NEW YORK, Oct. 10, 2022 /PRNewswire/ -- Deloitte today announced the launch of its Oracle MyCloud ERP offering that can help fast growth and private clients accelerate business transformation enabled by Oracle's modern integrated SaaS Cloud platform. Backed by Deloitte's proprietary industry accelerators and methodologies, the offering helps organizations to get up and running quickly on an Oracle Cloud platform while eliminating the barriers of talent constraints and high upfront costs, which are often associated with ERP implementations. The bundled subscription offering allows organizations to access Oracle Cloud products as well as Deloitte implementation and support services for a consistent monthly fee. This enables companies that are focused on growth to manage their cash flows and to continue to allocate their limited time and resources toward expansive activities.
"We are pleased to have the opportunity to use Deloitte intellectual property and knowledge to serve growth and private clients as they scale and drive their businesses forward. This offering demonstrates our commitment to this market and our desire to assist the leaders of tomorrow," said John Steele, U.S. Oracle offering leader and principal, Deloitte Consulting LLP.
For those interested in exploring Cloud ERP™ further, the starting place is a TruNorth Assessment. A quick, collaborative and effective approach that takes approximately three weeks. Deloitte helps prospects to envision the desired future state, identify transformation opportunities, and develop strategies and roadmaps for the journey.
Experience Deloitte's MyCloud firsthand Deloitte is pleased to be the Global Sponsor of Oracle CloudWorld in Las Vegas, Oct. 17-20, 2022. This new global conference will bring people together to share ideas, develop in-demand skills and learn about cloud infrastructure and applications. Connect with Deloitte professionals at the CloudWorld Hub and attend a theatre presentation on MyCloud ERP enabled by Oracle Cloud.
About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 415,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by ensure ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Mon, 10 Oct 2022 02:28:00 -0500entext/htmlhttps://markets.businessinsider.com/news/stocks/deloitte-launches-oracle-mycloud-erp-offering-for-fast-growth-and-private-companies-1031793401Killexams : CloudWorld 2022 - learn what’s new and next in Fusion Apps
Tech conferences are back! And my team and I are looking forward to hosting our Fusion Applications community at Oracle CloudWorld in Las Vegas – our first live event in three years! It’s going to be a fantastic opportunity to reconnect, learn from each other, discuss what’s new in our solutions, and, most importantly, work to solve some of the hardest business challenges together.
So much has changed since we last got to be together in person. We are all navigating our lives and our businesses through what suddenly feels like a very uncertain terrain. It’s impacting everything from who we decide to trust to international trade, and while we all steer through this complex web of challenges, stakeholders are holding organizations to higher standards on everything from the experiences they offer to their environmental and social impact.
Faced with all this change, customers need an integrated approach that is complete, unified, and open across every element of the value chain, but that’s just not possible with outdated and disparate systems that suffer from siloed processes and data.
We believe that there is a better way. At CloudWorld 2022, we’ll showcase how organizations can solve their most complex and strategic business and industry challenges and unlock new opportunities, with stories from partners and customers like JP Morgan, FedEx, Heathrow Airport, and many others. We also look forward to sharing all the latest from Fusion Apps, including announcements about B2B commerce, new tools for enterprise developers, healthcare innovations, and other new enhancements across the Fusion Cloud Applications Suite.
Solving today’s challenges in the cloud
Everything you need.Not all clouds are created equal. We believe a complete cloud solution spans both the applications and infrastructure to optimize business. With our apps running on Oracle Cloud Infrastructure, we believe this is a combination that delivers the performance, security, and reliability customers need for mission critical business operations, along with the monitoring required to continually Strengthen the performance of systems.
Perhaps that’s why almost 14,000 customers, in every industry and region of the world, run their critical business operations on Fusion Applications, spanning every business function from finance, HR, supply chain and manufacturing to sales, service, and marketing.
Innovation that matters.We’ll be showing off innovation that we believe matters to our customers and to the world at large – not just innovation for the sake of innovation. Whether it’s healthcare solutions managing inventory or scheduling critical staff, transforming B2B commerce, focusing on hybrid work environments to increase worker engagement, or helping sales teams hit their numbers with a re-engineered B2B selling experience, our goal is to help customers transform their business in ways that make an impact.
Committed to customer success. At Oracle, we know that our success is built on our customers’ success. We work to earn, and re-earn, our customers’ trust through every step of the cloud journey—from onboarding, implementation, adoption, through to success. We’re fostering a community of cloud advocates that can influence our product and their peers, many of whom will reconnect next week at CloudWorld 2022. Oracle Cloud Customer Connect is a community of more than 348,000 members representing customers and partners sharing best practices and highlighting Oracle expertise in more than 200 topic-specific discussion forums.
Join us at Oracle CloudWorld to learn more. We are living in challenging times and our vision is built on an understanding that there will always be disruption, and that organizations need applications that are designed for change. We believe our complete suite of cloud applications and infrastructure provides a strong foundation to be successful in this changing world. I hope you are able to join us at CloudWorld – either in person or online – to meet the people that build and use them.
Thu, 13 Oct 2022 21:42:00 -0500BRAINSUMentext/htmlhttps://diginomica.com/cloudworld-2022-learn-whats-new-and-next-fusion-appsKillexams : Alithya's dedicated Oracle Practice completes seven Oracle Cloud HCM Go Lives in 2022
Successful implementations completed for major healthcare networks
ALPHARETTA, Ga., Oct. 4, 2022 /CNW Telbec/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya") proudly announces the successful completion of seven Oracle Cloud Human Capital Management (HCM) project go lives this year, reflecting the continued strong performance of the company's dedicated Oracle practice. The seven completed implementations focused on the digital transformation of critical processes including payroll, performance, and other core human resources solutions, laying the foundations for future growth and efficiency.
Alithya's reputation as a trusted advisor for the implementation of Oracle Cloud solutions that connect and transform organizations continues to grow, with more than 3,500 Oracle ERP, EPM, HCM, SCM, and Analytics projects completed to date for more than 1,200 customers. Alithya's Oracle Cloud HCM implementation team relies on deep HR experience to guide clients on their journeys to Strengthen human resources, talent and workforce management, payroll, and HCM analytics processes.
Quote by Mike Feldman, Senior Vice President, Oracle Practice at Alithya:
"The completion of seven Oracle Cloud HCM projects so far in this calendar year is a significant achievement, particularly in a challenging economic climate. These implementations, as well as numerous Oracle Cloud ERP and EPM implementations, reflect the level of trust that our clients place in Alithya's unparalleled Oracle expertise in enterprise business application deployment."
Alithya is a trusted North American leader in strategy and digital transformation, employing a dedicated and highly skilled workforce of 3,900 professionals in Canada, the United States and internationally. Alithya's strategy is based on a plan of accelerated organic growth and complementary acquisitions to create a global leader. The company's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics.
About the Alithya Oracle Practice
Combining implementation and advisory services, Alithya's dedicated Oracle Practice helps customers manage their organizations more efficiently by connecting financial, operational, human resource, and supply chain planning across all business levels. Alithya has been a certified Oracle Partner for 25 years, and the Practice is supported by more than 300 certified consultants and multiple Oracle ACEs. Alithya also contributes in an advisory role to the Oracle Product Development team. In 2022, Alithya was named an Oracle Partner of the Year finalist for the Game Changer Award for ERP/EPM Service Delivery.
Mon, 03 Oct 2022 23:30:00 -0500en-UStext/htmlhttps://www.yahoo.com/lifestyle/alithyas-dedicated-oracle-practice-completes-113000560.htmlKillexams : Perficient to Demonstrate Multi-Pillar Oracle Expertise at Oracle CloudWorld 2022
Perficient, Inc.PRFT ("Perficient"), the leading global digital consultancy transforming the world's largest enterprises and biggest brands, today announced it will showcase its Oracle Analytics Cloud (OAC) and Oracle Cloud Infrastructure (OCI) expertise in a breakout session during Oracle CloudWorld 2022, taking place October 17-20 in Las Vegas.
In order to remain agile and maintain visibility into business systems, enterprises must standardize their processes and establish governance and accountancy controls. For more than 20 years, Perficient and Oracle have partnered to help clients institute efficiencies across the organization while empowering them to regain accessibility and authority of their information.
"As an organization's data grows exponentially, business leaders need powerful analytics and visualization techniques to help them better leverage that data," said Joseph Klewicki, general manager in Perficient's Oracle practice. "By deploying the right strategy and business intelligence integration, decision makers can have more accurate and timely data available at their fingertips. We are excited to share our expertise and showcase the power of Oracle Cloud at CloudWorld 2022."
Hear How Perficient Leveraged Hybrid Oracle Cloud to Achieve Cross-Platform Migration
Perficient and a multi-national hospitality group will deliver a breakout presentation at Oracle CloudWorld 2022 about how they implemented a cross-platform migration of three critical financial systems to Oracle Cloud. Representatives from the two organizations will discuss how they leveraged the organization's existing Oracle applications and modernized its business intelligence platform with OAC and OCI.
Meet with Perficient's Oracle Experts at Oracle CloudWorld 2022
"Decision makers from a cross section of industries will convene at Oracle CloudWorld to learn how they can utilize digital technologies and cloud capabilities to meet their needs," said Santhosh Nair, vice president, Perficient. "We are eager to gather with the Oracle global community to meet with business leaders to share how our expertise with Oracle platforms can solve problems and transform their business."
Perficient has two decades' of experience successfully deploying more than 3,000 client implementations using Oracle technology. With 15 Oracle specializations, an education center in Houston, and integrated IP assets, Perficient has delivered strategy and implementation for on-premises, cloud, and hybrid solutions to meet unique business needs.
Perficient is the leading global digital consultancy. We imagine, create, engineer, and run digital transformation solutions that help our clients exceed customers' expectations, outpace competition, and grow their business. With unparalleled strategy, creative, and technology capabilities, we bring big thinking and innovative ideas, along with a practical approach to help the world's largest enterprises and biggest brands succeed. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. For more information, visit www.perficient.com.
Safe Harbor Statement
Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2022. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the real results to differ materially from those contemplated by the statements. The forward-looking information is based on management's current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. real events or results may differ substantially. Important factors that could cause our real results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2021.
Oracle NetSuite is an enterprise resource planning (ERP) platform that comes with a robust financial management solution.
Its pricing is customized for each user based on the needs and circumstances of your business.
Oracle NetSuite is ideal for midsize businesses, manufacturers and companies that need advanced features.
This article is for entrepreneurs considering implementing Oracle’s NetSuite ERP platform as their financial management and accounting solution.
As your business grows, you may invest in a greater number of software solutions to keep your operations moving forward. Businesses that reach this point often find it’s easiest to streamline all of their systems ‒ including accounting and financial management ‒ into one convenient enterprise resource planning (ERP) platform like Oracle NetSuite.
Invoicing and bill pay
As part of its robust ERP offering, Oracle NetSuite offers an intuitive cloud financial management solution that allows businesses to track their financial data and automate many essential accounting functions. Like any highly-rated accounting software, it offers reporting, planning, and billing features and easily integrates with other software, including Oracle’s suite of business solutions. It can also be used seamlessly with multiple currencies, so it’s a great option for growing companies with a global customer base.
If your business wants to expedite its accounts receivable and payable, accelerate deal closings, and keep up with financial compliance obligations, while taking advantage of a full suite of powerful business management features, Oracle NetSuite is an ideal accounting solution within an ERP platform.
Oracle NetSuite Summary
$999 per month
Invoicing and payments
No. of clients supported
Because they can perform a wide range of complex business management functions, ERP platforms are typically priced on a custom basis. Factors such as business size, annual revenue and desired features all affect the cost of the software. Oracle NetSuite is no different, and to get an accurate price estimate, you’ll need to contact an Oracle sales representative. The sales rep will walk you through all the available features of the platform, including inventory management, financial management, point of sale, customer relationship management (CRM) and human capital management software
Based on our research, Oracle NetSuite pricing includes a $999 monthly licensing fee, plus a per-user fee that starts at $99 a month. While this base price can be used as an estimate, your costs may vary significantly depending on your specific business needs.
Because of its high price point, Oracle NetSuite is likely not well suited for a smaller business with simple accounting and bookkeeping needs. However, if your business is growing internationally and you anticipate needing an ERP platform to manage everything, this can be an excellent accounting solution that sets you up for financial success as your company grows. Thanks to NetSuite’s integrated ecosystem, you can save time and money that would otherwise be spent managing multiple software solutions from different vendors.
Key takeaway: Oracle NetSuite’s price varies depending on the different software modules required, the size of your business, its annual revenue and the number of orders your company processes.
Oracle NetSuite’s financial management solution offers a wide range of useful accounting features. Here’s more about how NetSuite can help growing businesses:
Finance and Accounting
With Oracle NetSuite, your business can seamlessly combine its core finance and accounting functions with strong compliance management. This ERP’s financial management solution offers real-time access to your financial data to help you drill into important details, resolve delays, and generate compliance statements and disclosures for your stakeholders.
NetSuite provides the following basic accounting functions to streamline and simplify your financial processes:
Whether your business operates on a transaction, subscription, usage-based or hybrid model, Oracle NetSuite can help you manage your billing operations. It fully integrates into the platform’s advanced revenue management and compliance functions.
Businesses with financial reporting obligations can use NetSuite to easily comply with accounting standards, including ASC 605, 606 and IFRS 15. Using the platform’s rule-based event-handling framework, you can easily automate numerous revenue management and reporting functions, such as forecasting, allocation, recognition, reclassification and auditing.
Financial Planning and Reporting
NetSuite’s planning, budgeting and forecasting functions allow your business to plot out its financial future based on real-time analytics. Use your business data to forecast revenue, plot out what-if scenarios and develop accurate budgets. Oracle’s powerful reporting and analytics tools also allow you to gain a more complete picture of your business at any time to make better informed decisions about your finances.
Global Account Management and Consolidation
If your business plans to expand its borders and go global, you need a financial management solution that helps you manage your international transactions and compliance obligations. Oracle NetSuite’s powerful financial engine gives you maximum transparency and visibility into your business across countries and in real time so you can manage your operations at the local and global level.
To make it easier to run an international business, NetSuite offers a variety of language interfaces to overcome language barriers and a multicurrency management system that supports over 190 different forms of currencies and automatically accounts for the current exchange rate for real-time conversion.
Governance, Risk and Compliance
With Oracle NetSuite, your business will always be audit-ready. This ERP platform supports your company’s governance, risk, and compliance (GRC) programs so you can handle increasingly complex regulatory, operational, and compliance challenges as you scale.
The platform can also establish a sustainable risk management and compliance process for your company so you can anticipate major risks before they happen.
Oracle NetSuite offers seamless integration with all its ERP solutions and integrates with many leading business software providers. If you use other vendors to manage your operations, you can use NetSuite’s open APIs to introduce new integrations.
To take advantage of these integrations, businesses can hire a NetSuite dedicated implementation team for an additional fee. The team not only helps set up the ERP platform itself, but also assists with any additional integrations and project management planning.
Want to use Oracle NetSuite as part of a larger ERP solution? Your financial management processes will integrate seamlessly with Oracle’s full suite of products. This is helpful if you’re trying to gain a more holistic view of your business’s financial transactions, budgets and forecasts.
Here are a few additional useful functions you’ll find within Oracle NetSuite.
Stay on top of your warehouse ordering. This solution helps you ensure ideal quantities of each item you sell by automatically analyzing historical sales and logistics data. NetSuite can determine the best reordering time frame for each product and replenish stock to an optimal threshold when it runs low.
NetSuite helps companies with every sales or work order while providing real-time visibility into every step of the production process. This ERP’s end-to-end manufacturing software solution can help you run your entire business and make better-informed decisions.
Supply Chain Management
NetSuite helps you seamlessly manage each point in your supply chain, regardless of where your physical product is manufactured or stored.
Warehouse and Fulfillment
NetSuite helps businesses with inbound logistics, outbound logistics, and inventory management, streamlining your warehousing operations and helping you minimize costs for on-time delivery. The built-in warehouse management solution enables you to manage your distribution operations using customized user-defined strategies and advanced real-time updates and integrations.
With Oracle NetSuite, it’s easy to purchase goods and services for your business quickly and at the best prices. Real-time information helps you better understand your company spend and vendor performance while automation and workflow integrations deliver a more accurate procure-to-pay process.
Human Capital Management
Manage your team and your human resources processes with NetSuite’s HCM solution, SuitePeople. This solution allows you to streamline employee onboarding and information collection for new hires while also giving visibility into your workforce operations.
Did you know? Oracle NetSuite offers several key tools that are critical for financial management, including basic accounting functions, billing, revenue recognition, planning and reporting, GRC, and more.
Oracle NetSuite Pros
For growing international businesses, Oracle NetSuite offers a robust, all-in-one ERP solution that puts your most valuable business data into a single platform. NetSuite’s full product suite allows your organization’s various departments and systems to operate harmoniously and in real time so every person in your company is always up to date.
Key takeaway: Oracle NetSuite provides just about every feature you could want in an ERP, allowing for a seamless single solution for managing all your operations.
Oracle NetSuite Cons
In terms of accounting software, NetSuite may be prohibitively expensive for smaller businesses. Additionally, it may offer far more functionality than your business needs at this point in its growth, and you don’t want to pay for features you’ll never use.
Ultimately, NetSuite is ideal for midsize and large businesses operating a complex operation, as this ERP solution performs best when all of the modules are used in conjunction with one another.
Oracle NetSuite delivers top-notch customer service across its entire ERP platform, including its financial management solution. The company’s educational resources supply users the opportunity to learn about NetSuite’s full range of products and stay updated on any new features or capabilities.
NetSuite offers 24/7, real-time support for industries via phone, email and a built-in chatbot on its website. The automated chat functionality can answer simple FAQs or connect you with a customer service representative.
Key takeaway: Oracle NetSuite’s customer service is on a par with what you would expect from a world-class ERP solution, so you can count on being able to find answers to your questions and concerns.
Mon, 10 Oct 2022 12:01:00 -0500entext/htmlhttps://www.businessnewsdaily.com/oracle-netsuite-review.htmlKillexams : Implementation partners get strategic — so should CIOs’ use of them
As transformational IT has increasingly become a business imperative, implementation partners have been looking to strengthen their value proposition for their customers. To differentiate themselves from transactional service providers, the more proactive partners are evolving their offerings and approaches, thereby becoming more strategic than they had been in the past.
While IT leaders can maximize the opportunity arising out of this shift by leveraging the partners’ strategies and advanced capabilities, it’s important for them to maintain focus on the risks. Here’s a look at how implementation providers are evolving and how CIOs should approach partnering with them for mutual success.
Shifting to a transformation approach
There is a perceptible change in the way implementation partners are now approaching their clients as compared to earlier, and it is all about becoming a strategic partner for transformational change.
“A partner now enters an account with a broader area of engagement in mind. The discussions may be around a specific project with a CIO, such as implementing a typical solution like Oracle or SAP ERP, but the partner’s core agenda is to bring about an extensive and comprehensive transformation of the client’s IT infrastructure,” says Harnath Babu, CIO at KPMG.
“As the project progresses, the partner discusses the CIO’s pain points and what could alleviate them. This could invariably lead to the partner’s scope getting expanded into, but not limited to, managing emerging technologies, enhancing cost and operational efficiencies, bringing about automation, application development, or improving the system of records,” he says. “Implementation partners are clearly moving from the earlier point approach to a transformation approach.”
Sharing an example of this as it unfolded at KPMG, Babu says, “We engaged with a system integrator to help us with L1/L2 support. In a short time, we scaled it to L3. We found that we could also leverage the partner for managing our infrastructure. Next, we asked the partner to help us with POD development as it was a big challenge to find skilled resources,” says Babu. “So, what started as an L1/L2 service engagement, eventually led to infrastructure management and resource augmentation.”
The POD, or product oriented delivery, is a software development model that entails building small, self-sufficient cross-functional teams that take care of specific requirements or tasks for a project.
Takeaways for CIOs from this trend: Leveraging one partner instead of many frees up CIOs and their teams from more boilerplate deployments, allowing them to focus on what is core to the business. “An implementation partner looks at the total value generated from an account. Therefore, if a CIO gives value to the partner, the latter will reciprocate. This will supply CIOs the confidence of having a strong partner behind them. There can then be a project director to manage the project on a day-to-day basis and the CIO can intervene only when there is budget or strategy involved,” says Babu.
Building Centers of Excellence
With the aim of adding value to their customers, implementation partners are increasingly realizing the importance of building technological expertise.
“To keep pace with the market and stay relevant, implementation partners are building on human capital and expertise. For instance, most partners lacked competency in cloud as there wasn’t much requirement related to it in the past. However, as cloud is gaining a strong traction, they have also upped the ante,” says Subramanya C, global CTO at business process management company Sagility (formerly HGS Healthcare).
So, when Subramanya decided to move the company’s SAP, SharePoint portal, intranet, and other applications to the cloud, he roped in a partner who had a Center of Excellence on cloud and 12 to 15 subject matter experts (SME) on the technology.
“Partners with such capabilities were not seen in the past,” he says. “More than 100 servers had to be migrated in a few weeks. Immense planning, resources, and mitigation of risk were involved in the project. However, the partner’s strong technical expertise, which formed the basis of the center of excellence, made sure that the project got completed smoothly and as per the scheduled plan,” says Subramanya.
Takeaways for CIOs from this trend: Although implementation partners can provide deeper expertise than they could in the past, IT leaders should not be complacent when enlisting it. “For complex projects, like ours, strong governance is required from the enterprise technology leader’s end,” Subramanya says. “IT leaders can outsource a task or an activity to a partner and their SME, but they can’t outsource their responsibilities. Therefore, we ensured a strong governance framework was in place while implementing this project. We also had our own SME working in close collaboration with the partner’s experts.”
Collaborating with other partners
The evolution of technology, driven by modernization of applications and services, is catalyzing collaboration among system integrators.
As Archie Jackson, head of special initiatives, IT, and security at digital transformation company Incedo says, “I have seen system integrators coming together to offer solutions, a trend that wasn’t visible in the past. Today, products don’t work in silos. One product has multiple linkages with other products, and it orchestrates and expands into other areas. For instance, a security solution today is not limited only to the network. It is connected to end point and applications, too. Therefore, one project could spill over to another. A partner, however, may not have the expertise or the bandwidth to execute everything, which leads to collaboration with other partners.”
Incedo was in talks with a partner some time back for implementing managed links for connectivity. The end-to-end managed service would have offered remote connectivity to access corporate network from anywhere in the world.
“During the conversations, the partner suggested he could bring another implementation partner to enhance the cybersecurity of the links. It came across as a logical fit because the links had to be secure, but I had not seen a partner collaborating with another one like this in the past,” says Jackson. Takeaways for CIOs from this trend: One implementation partner bringing another partner may help a CIO, but it could also increase the cost of the project. “This is a good option only if a CIO wants to build capability. The primary partner will build his margin into the project for which he is getting the second partner, thereby increasing the cost for the CIO. If CIOs have the capacity to architect a solution more efficiently, they should do so in-house,” says Jackson.
Tue, 04 Oct 2022 23:52:00 -0500Author: Yashvendra Singhen-UStext/htmlhttps://www.cio.com/article/408427/implementation-partners-get-strategic-so-should-cios-use-of-them.htmlKillexams : SharpCloud Software joins Oracle's PartnerNetwork (OPN) to help companies align their project work to business goals
The MarketWatch News Department was not involved in the creation of this content.
LONDON, Oct. 10, 2022 (PR Newswire Europe via COMTEX) -- LONDON, Oct. 10, 2022 /PRNewswire/ -- SharpCloud, a powerful visual tool for strategic business alignment, today announced that it has become an Oracle PartnerNetwork (OPN) member. As a partner member, SharpCloud delivers data-driven visualization and collaboration solutions to ensure project-led enterprise companies can align project work to their long-term business goals. SharpCloud complements Oracle's Enterprise level project management product system (Oracle Primavera Cloud, Oracle Primavera P6 EPPM, Oracle Primavera Unifier, Oracle Aconex, Oracle Textura, Gateway, Primavera Analytics).
SharpCloud is a unique business alignment platform that supports both top-down and bottom-up decision-making discussions, through its ability to dynamically visualize cost and schedule information across multiple views so that users can see the relationships of their work to goals. SharpCloud provides a shared workspace that connects data and people and ensures a greater connection between strategy design and delivery.
Organizations around the world waste roughly $2 trillion a year due to the ineffective implementation of business strategy, according to PMI's 2018 Pulse of the Profession(R)study.
"This PMI study supports our understanding that many organizations continue to have poor alignment between business goals and their in-progress project delivery schedule," said Sarim Khan, CEO, and Co-Founder of SharpCloud. "This is a huge issue for project-led organizations, where so much money and effort are just wasted. We can help Oracle Primavera customers quickly visualize and leverage the relationships and connections between their project data and business goals. This increased visibility allows them to see where they need to focus and the impact of their decisions and provides their leadership with a holistic view of the business."
"As an OPN member, SharpCloud adds the benefit of visualizing business goals that provide a natural strategic extension to the Oracle product suite," said Oracle's Dave Bullard, Senior Director Industry Innovation. "Being able to dynamically see the relationships across the different layers of a business, such as organizational goals and risks, etc., allows customers to analyze the different perspectives they need to consider in order to discuss alignment and make the right decisions."
Sarim says, "We are thrilled to be an OPN member and excited to help organizations draw connections to otherwise siloed areas of their business and better understand how their roadmap connects to the overall business direction and strategy. We want to be their go-to tool when they discuss alignment questions such as: Are we delivering against our organizational goals? Are we doing the right work? Do we know our major risks and are we dealing with them? That visibility alone is worth millions of dollars for large enterprise where projects can be worth tens if not hundreds of millions of dollars."
SharpCloud is visual business alignment software helping companies to visualize key information to inform strategic business decisions. Founded in 2012, SharpCloud has grown to service over 100 companies globally and has over 18,000 users.
Designed for decision-makers, the SharpCloud platform empowers you to view interdependencies, filter out the noise and prepare you with new insights before you take action, helping to visualize your business as a whole and keep activities and strategy aligned. Typical use cases include business road-mapping, innovation and portfolio management, and risk management.
Through smarter, more informed decisions, SharpCloud enables you to increase business agility, solve business challenges and innovate faster across the organization.
Learn more at www.sharpcloud.comor follow @SharpCloud
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) is Oracle's partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle's products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program - an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit: http://www.oracle.com/partners.
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Mon, 10 Oct 2022 01:49:00 -0500en-UStext/htmlhttps://www.marketwatch.com/press-release/sharpcloud-software-joins-oracles-partnernetwork-opn-to-help-companies-align-their-project-work-to-business-goals-2022-10-10-92034947Killexams : 4 Tech Giant Executives Resolve Four Major AI/ML Adoption Obstacles in the Enterprise
AI executives from Google Cloud, Microsoft, Oracle, and SAP sat down to debunk recurrent challenges when businesses attempt to integrate AI/ML
NEW YORK, Oct. 10, 2022 /PRNewswire/ -- Artificial Intelligence (AI) no longer only appears in scientific textbooks but is now an evolving reality. Businesses are starting to realize how important this cutting-edge technology is as 56% of enterprises reported that there would be an AI deployment in at least one function, according to a 2021 McKinsey survey.
Yet, AI adoption is not straightforward. What are some major obstacles keeping firms from utilizing the enormous potential of this new technology?
Four AI executives from large tech corporations sat down to dissect the 4 major challenges to AI/ML adoption and offered solutions in a panel discussion during Worldwide AI Webinar 2022.
Lack of AI literacy Andreas Welsch, VP of AI at SAP pointed out that the lack of organizational AI literacy was the first challenge. Oftentimes, even top-level executives mistake AI projects for IT or data project that has a clear start and end date. Rather, AI adoption is a continuous journey that involves research, tests, and trials.
"I see that when you build AI models and solutions from scratch with the teams, a lot of times, they don't know what they don't know. [...]. And then also there is this spectrum between that excitement of what you read in the press and the fear of uncertainty within the organization." - Andreas Welsch, SAP's VP of AI
Nestor Camilo, Cloud Adoption Director at Oracle agreed with Andreas' viewpoint, adding that the journey from planning to implementation is complex and demanding, thus requiring thorough comprehension from the deployment team.
"Creating models is very easy, anybody with some Python skills and a few hours of training can copy some code and run in their machine,[...], but later when this needs to be put on production, a lot of things need to be solved, getting data from production systems, moving it securely, retrain model and of course scale, maintain a secure and high available platform, that it a lot of effort." - Nestor Camilo, Director Cloud Adoption Public Sector of Oracle
To tackle this problem, Aamar Hussain, Director of Azure Data at Microsoft, suggested not treating AI adoption as any software development project and understanding the current maturity level of the business. Assessing your organization's skillsets, budget, AI awareness, and data availability is highly recommended to ensure successful adoption.
"The nontechnological emphasis and focus are really important. Don't jump into it straight away and think that you can just switch it on and off." - Aamar Hussain, Director of Azure Data of Microsoft
Lack of strategic approach to AI adoption This second challenge was specified by Aamar. He emphasized the need for a data-centric approach and a suitable framework, methodology, and strategy. Issues identification, data governance, ethical considerations, constant AI model monitoring, and management are equally vital.
"I think it's important to understand what the real use case is and then choose the technology that's appropriate. I would say that any traditional mechanism should be broken down into what you would do with software engineering and with machine learning. So there's a segment of the problem that is easily addressable through traditional software engineering practices and best practices, and there's a segment which potentially could benefit from unlocking data. And that unlocking and activating data would be through machine learning. So if you can partition the use case into those two categories, what's traditional, what you do for scalable architecture versus what you have data for input and output data that you can then use to unlock capabilities within AML kinds of scenarios.."
Fear of the uncertain Fear is the third common problem. Andreas Welsch mentioned people's fear of losing their jobs to AI while Ali Arsanjani addressed the uncertainty of return on investment. He suggested:
"If an executive is met with some uncertain technology, unproven technology, they're probably going to push back until the value of that technology is demonstrated."
Nestor built on his point, affirming "risk of failure" is not an easy matter to overcome and offering a solution:
"We have to make it easy for companies to use ML. If you don't have the experts or the domain knowledge, democratizing IA access to the majority is a must. [...] First, we must embed ML models in our business apps [...] Then we make it easy to use your data in your production systems to train and predict without the need to do complex ETL" - Nestor Camilo, Director Cloud Adoption Public Sector of Oracle
Additionally, Andreas Welsch highlighted the importance of building the trust of business users. Explaining and informing business stakeholders of the tremendous benefits of the AI/ML system so the involved parties can start capitalizing on its potential are paramount, as declared by Andreas.
Ali Arsanjani had a different perspective. He believed that education should come first; with enough knowledge, comes the ability to weigh and make knowledge-based and experience-based evaluations, which can be used to build trust.
"To have a conversation on the adoption of technology, I would say that we need to do more in terms of not just trying to convince, but invest in education and upskilling; then we can have more aligned conversations with someone. If they're in a completely different frame of mind and a completely different knowledge base, there is almost no way we can convince them."
Nestor Camilo seconded Ali's opinion, saying that providing formal AI training is crucial as "you can do a lot better if they know what you are talking about."
Aamar Hussain discussed how education can impact the culture in a positive way. He considered that culture held a critical role in the conversation. You can either have a dialogue where leaders force people to follow or you can have a culture in which the leader brings people on board with education and reinforcement.
Cultural barriers The last major challenge is cultural barriers, or as Ali Arsanjani put it, "resistance to change". Aamar Hussain further noted that some executives tend to stick with the way things have been done for years. It often takes some persuasion before they see that adopting new processes will be worth the overall gains they will bring.
He also spoke highly about executives being prime examples for their followers. You can't preach about sustainability and be one of the main sources of CO2 emissions. The advocate for change and new technology adoption must be the change themselves.
Ali Arsanjani proposed a possible solution to this problem:
"So starting out small, using projects that are demonstrating key performance indicators that can be enhanced. So something that someone cares about. If I come to you with some proposition and you don't really care about that proposition or it's not really aligned with your business objectives, it's not going to be important. But if it is, you will listen. And if there's a project that will pinpoint some advancement in that area, you're going to tend to listen to it more. And then the next phase of maturity there would be the education and adoption and documentation of the practices, automation of the practices, gathering data on the tasks that have been done and then continuous improvement."
All in all, the four speakers agreed that the best ways to tackle some major AI/ML adoption challenges in enterprises are understanding business needs, identifying the organizational concerns and seeing how the new technologies can help, bringing everybody on board with your journey, and decreasing the risk of disinformation and misinformation. Most importantly, businesses can achieve transformational development by anticipating adoption barriers and adopting a strategic AI implementation using the maturity model described by Ali.
"With a business-driven machine learning MVP you can convince reluctant people that AI is mature for a lot of business use cases and don't try to do moon shoot project first, but baby steps that generate a lot of value and confidence" - Nestor Camilo, Director Cloud Adoption Public Sector of Oracle
The webinar details
Worldwide AI Webinar is a purely-educational global AI conference hosted by Wow AI. The 2022 edition of this event featured over 20 top AI experts and thought leaders from international tech giants and global corporations, as well as government agencies.
Check out Wow AI's website, YouTube, and LinkedIn channels to rewatch Worldwide AI Webinar 2022 and learn more from top-industry AI experts.
Mon, 10 Oct 2022 03:30:00 -0500entext/htmlhttps://markets.businessinsider.com/news/stocks/4-tech-giant-executives-resolve-four-major-ai-ml-adoption-obstacles-in-the-enterprise-1031793245Killexams : VA will halt Oracle-Cerner implementation until patient safety concerns are addressed
The Veterans Health Administration's rollout of its Oracle-Cerner EHR system will not continue until patient safety concerns are addressed, according to Sept. 26 reporting in FedScoop.
VA Secretary Denis McDonough confirmed the news Sept. 26, responding to questions at an event hosted by the Defense Writers Group. Mr. McDonough confirmed that the VA is working through an implementation checklist with each hospital setting up the new EHR system.
The rollout was paused in June after a federal watchdog alleged that a flaw in Cerner's system caused harm to 148 veterans at Spokane, Wash.-based Mann-Grandstaff Medical Center.
"I think we've been clear that we have to be confident that these risks to patient safety are addressed before we go live. So we're not just focused on the passage of time between now and next year; we're focused on improving the system," Mr. McDonough said.
Becker's has reached out to Cerner and will update this report if more information becomes available.