The Importance of Acting On an Audit

The entire point of an audit – whether focused on processes, payments, security, or anything else – is to identify problems. Performed internally or by a third party, an audit is capable of digging into the fine details of the way a business operates, and that usually means uncovering practices and policies that aren’t working, gaps in training, or operational …

What Is ERP?

Perhaps you’ve heard the term “ERP” floating around your online circles. Maybe you’ve heard it mentioned by someone in your organization. With increasing popularity (and huge benefits for businesses of all kinds), it’s no surprise that ERP is making its way into water cooler chats and strategy sessions. So, in case you aren’t already familiar with what ERP is – …

What is Independent Verification and Validation (IV&V)

Systematic quality control is essential for meeting customer and regulatory standards. With that very need in mind, Independent Verification and Validation (IV&V) is a method of meeting requirements and establishing assurance of quality. To understand the two components simply: • Verification is the evaluation that a product, service, or system is compliant with regulations, legal requirements, etc. • Validation is …

The Effect of ERP on ROI

For all the considerations a given company might have to make… From product quality to community outreach, continuing education to guiding principles and so much more… One factor remains a central part of every business: MONEY. No matter how you slice it, finances play a huge role in the operation of any organization. Even with higher missions, service to customers and …

ERP in the Financial Sector

All industries rely on resources. Those “raw materials” can include people, models, intellectual property, and so on – not just commodities or fuel. Managing resources of all kinds is a critical part of running a successful organization. Today, we’re looking at how ERP can be implemented in the financial sector to keep track of the unique “resources” of the industry. …

4 Reasons To Use Workday Software For Your Business

Many companies across the US as well as internationally are embracing the cloud. The benefits of cloud software have become very apparent. Workday software is a cloud-based suite of finance and human capital management solutions that aims to increase the ROI of your business. Cost, speed, security, and updates are what separate Workday from the pack. Cost – Workday software is competitively …

How SAP is Providing Hope to Millions Around the World

Despite dramatic advancements in technology, there are still millions of people around the world who do not have access to a banking account. This makes the simplest of money management tasks very difficult as well as risky. SAP is an example of a company that’s using groundbreaking technology to provide easier access to financial services to the “unbanked” around the globe. …

Recovering From Vendor Returns

Vendor returns are not an indication of good vibes to your business. It can hurt your ego, your product, your bottom line, and the possibility of rejection from future investors. Here are some tips on recovering from a major vendor return and how to sell your returned product and redeem your business. Downplay it: Vendors will not blast your product. They …

A Historical Primer on Workday HR Software

There are many HR software solutions on the market. What makes Workday unique? How do hospitals use Workday to solve relevant HR related issues? The medical industry has faced many changes in the last decade, from shifting technologies to large changes in governmental oversight. How does Workday work in relationship to all the other changes in the world of hospital HR management? …