MIT tech review

Facebook is expected to unveil its secretive cryptocurrency next week

Big payment firms and other digital companies are all backing the social-media giant’s first foray into crypto. The news: Facebook will release the white paper associated with its new digital currency next week, the Wall Street Journal reports. Firms like Paypal, Uber, Visa, and Mastercard have all
/
Tech Crunch

Startup founders need to decide how much salary is enough

Startup founders don’t typically launch a company as a get-rich-quick scheme. Most know that it will be a long, hard slog if they are to succeed. There will be lean years where the money is tight, and where they may personally struggle to pay their
/

Implementing ERP Software

c more and more vendors are offering cloud solutions, which can be customized, for a variety of industries, and needs. However, many companies have made mistakes in implementing cloud ERP systems, and these mistakes can be costly in terms of budget and staff time. Here are some things to think about before deciding to implement a cloud ERP system:

Know Your Requirements: You need to understand what your company needs from an ERP solution before you begin your project. This is an essential first step in the process. You need to find the vendor and the product that is best suited to your business. If you know what you need from an ERP solution, you can find the vendor whose products match your needs. Choosing the wrong software can be a costly mistake.

Understanding the Costs: With cloud ERP, you need to spend less time looking at the upfront costs and focus on the cost over the life of the contract. Do the math to figure out what your total cost will be. When comparing different ERP vendors, be sure you are using the same criteria for each option; in other words, compare apples to apples.

Public vs. Private: Many businesses jump into the private cloud because it feels more comfortable and appears to offer greater security. However, there are good reasons to consider the public cloud for at least some of your needs. With a public cloud, you can grow or shrink capacity to meet your needs and only pay for the amount you use. Public cloud space is cheaper, and you can use it to meet seasonal demands or unexpected situations. The best of both worlds is a vendor who offers both public and private, so you can switch or combine options if needed.

Getting the Right Personnel: Whether you have in-house IT staff or contract it out, your IT people need to understand multi-tenant cloud computing, which requires a different skill set than more traditional approaches. The cloud also asks the developer to play a different role. Developers will primarily be doing coding and testing rather than in managing and monitoring the solution. So you should plan your staffing needs ahead of time.

Plan your Implementation: Although cloud ERP offers a variety of advantages, some aspects of the process are difficult to implement after the fact. While you’re setting up your cloud ERP software, you should be thinking about how you want to organize security and set policies that will become part of your architecture. It’s much more difficult to enforce security rules and ensure the safety of your data if you try to formulate the policies after the fact.

Business Continuity: You should make plans for business continuity that take into account a range of scenarios, including a lengthy power failure at your main facility. You can work with your vendor to set up business continuity strategies, but don’t rely on them to come up with the plan. You should prepare for a variety of scenarios, including the possibility that your vendor will go out of business.

You may notice a common theme in every one of the above subheadings: planning. No matter the size of your company or the depth of your budget, you need to start the process by evaluating your needs, analyzing available options, and planning your architecture – all before you start the installation. By making planning the firs step, you can avoid some costly mistakes that you would need to fix in the future.

By Douglas Johnson

Douglas has over 20 years of experience in the software industry and currently works as the VP of Marketing and Business Development at cloud ERP software provider Acumatica.

CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in cloud connected technology information, resources and thought leadership services.

Contact us for a list of our leading brand and thought leadership exposure programs.

How to Transform Your Operating Model for the Cloud

How to Transform Your Operating Model for the Cloud

Transform Your Operating Model It can be tough for established organizations to embrace change, so when they start working with ...
Aruna Cisco

2019 Predictions for Innovating, Transforming and Enabling Workplace Transformation

My Predictions for 2019 As we think of the top Collaboration trends for the coming year, we should start by ...
The cloud is essential for innovation – but it must be run differently

The cloud is essential for innovation – but it must be run differently

Function as a Service Capabilities The cloud has changed. Ten years ago, it was all about cost. The benefits were ...
David Friend

The Coming Era of Simple, Fast, Incredibly Cheap Cloud Storage

Cheapest Cloud Storage Data storage, like other commodities such as bandwidth, electricity, or simple computer power, underpins nearly everything we ...
ZDnet

Apple’s Tim Cook: Silicon Valley has created privacy-violating ‘chaos factory’

/
Big tech companies are failing to take responsibility for the chaos that their innovations have created, according to Apple CEO Tim Cook ...
Tech Crunch

Startup founders need to decide how much salary is enough

/
Startup founders don’t typically launch a company as a get-rich-quick scheme. Most know that it will be a long, hard slog if they are to succeed. There will be lean ...
NVIDIA Builds Supercomputer to Develop Self-Driving Cars

NVIDIA Builds Supercomputer to Develop Self-Driving Cars

/
In a clear demonstration of why AI leadership demands the best compute capabilities, NVIDIA today unveiled the world’s 22nd fastest supercomputer — DGX SuperPOD — which provides AI infrastructure that ...