Why do companies spend so much money on Infor ERP?

Revenue Generation

Some companies may be able to manage their cost structure more effectively by focusing solely on HxGN EAM revenue generation i.e. cost cutting of a product line, marketing, or pricing, while others may be looking at becoming more profitable, lower cost producers. Using ERP can provide better understanding of these financial drivers and can focus solution us to the right areas in which to put resources.

There is a wealth of data (Particularly at the corporate/departmental level) accessible to the top executives. However not all data actually meets the quality "Stair-Step" test (Generalised trust). In order HxGN EAM to be usable in the way it is intended (Firstly it has to be relevant to the finance department, and secondly it has to be current).

After all the initial hard work in the start-up phase, some companies are operating at only a 40% breakeven status with revenue.

Resource Utilisation

Some companies now search for simplicity, immediate, high performance capabilities. For instance, some large HxGN EAM companies have Louis (Louis is a new breed of external 360 degree reporting system) and now you can use Lorobis plus a variety of other high performance solutions from SAP.

Others put a lot of effort into time and resource management.

Often the Chief Financial Officer does not have the adequate time to adjust the organisation's internal resources to meet production demands and rough stock control. And if the revenue whiteboard executive is not committed to the quest to simplify their organisation's supply chain processes then the opportunities to improve those processes turn to reality. Especially in the technology era, organisations need more productivity and agility, than ever before.

Market Share enhancement

Many companies who went to market many years ago are optimising their current processes, by having a firm understanding of their performance vs. their competition.

Revenue Generation can lead to HxGN EAM product mix optimization. Sales force effectiveness depends highly on relationships with key sales accounts. And along those relationships, the company is getting access to top-notch information (Customer information) and at the right time, with the right person. Therefore, crystal clear collaboration becomes much more effective.

Through benchmarking with other firms, ERP provides solutions to resolving various competitive barriers. In the not so different technology era of the 1990 '3, many companies were able to maintain market share by using sales force effectiveness as a competitive advantage, and just did more of it.

Strategic Competitiveness

ERP systems can help HxGN EAM companies achieve strategic flexibility, and can help them analyse, implement, and manage supply chain environments. ERP can result in leton82aptive yield from decreasing raw materials and "add-on" utilisation, and reduce lead times and cycle times, making the company more agile, and thereby providing competitive advantage.

ERP can help a company identify and answer key business questions through the extensive, and cost effective, "competency based" evaluation of resource performance

ERP involves a right mix of technology and traditional methods. Traditional methods are the use of software as a "six-sigma" tool, leveraging that HxGN EAM software and accounting packages to further enhance the process rather than just core performance of ERP.

So it's not a case of choosing one over the other as each system is like a respective omelette. But in small businesses and start-up companies, it is essential!