Top ERP Software Terms and Definitions You Need To Know

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As part of helping our clients with digital transformations, oftentimes we’re helping them with ERP software implementations. Over the years, I’ve learned that there’s a lot of different terms, buzzwords and definitions that are really important to understand in order to be successful. So today we want to talk about 10 key terms and definitions that are really important for you to understand when embarking on an Erp software implementation or if you’re just trying to learn more about ERP software in general. 

Digital Stratosphere 2022

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Digital Stratosphere is the premier independent educational and peer networking event for organizations about to embark on a digital transformation or ERP / CRM/ HCM implementation. Leverage the opportunity to garner insights from leading industry experts and jumpstart your digital transformation initiatives.

Complete the form below for access to the Stratosphere 2022 event recordings.

How to Measure Software Implementation Go-Live Readiness

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When organizations embark on their digital transformations, they inevitably come up on a window or that period within an implementation where they have to start thinking about go-live. Oftentimes, organizations will conduct a go/no-go assessment, a kind of a yellow/red/green sort of assessment of where things are and where they think the status and the risks are. That’s typically a very qualitative exercise, it’s usually based on gut feel, there’s not a lot of measures or metrics behind that but what organizations should be doing instead, is looking at tangible measures that quantify how ready the organization is.

Why Do SAP S/4HANA Implementations Fail? What Are the Root Causes of SAP Failure?

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One of the most commonly implemented ERP systems in the market and amongst our client base here at Third Stage is SAP S/4HANA, in fact as SAP sunsets their legacy customers off of ECC and migrates more and more of them to S/4HANA, we’re finding that more and more organizations throughout the world are implementing S/4HANA.

Outdated ERP Systems That Organizations Need to Replace ASAP

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When evaluating your enterprise systems for the 2020s and beyond it’s important to look at the ERP systems you have in place now and understand whether or not those systems are worth investing in or whether or not you should replace those systems. What are the systems you should be replacing in the 2020’s? That’s what we want to talk about here today.

Lesson Learned from Southwest Airline’s Epic IT Implosion

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The incident taught the airline industry an important lesson – that having a comprehensive IT system is key to running a successful business. By investing in the right technology, companies can ensure more reliable service and fewer disruptions. In addition, Southwest Airlines learned the hard way that they must be wary of their reliance on third-party vendors and have more stringent risk management practices, audits, and business operation evaluations.

What is a Chief Information Officer? What Is the Role of a CIO?

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The key stakeholder and the key position within most businesses that we most commonly work with is the CIO or the Chief Information Officer. Oftentimes, the CIO role might be called the Vice President of IT, it might be called the Director of IT or an IT Manager but in general the CIO is that top dog or that leading management role within the IT function. The CIO role is something that’s in high demand nowadays with the emergence of new technologies and data and business intelligence and artificial intelligence and all this different technology that’s emerging and really helping change the way organizations run.

How Business Intelligence is Transitioning to the Cloud 

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However, it is important to keep in mind that like any technology, the cloud is not completely foolproof and there is always a risk of data breaches or other security incidents. Therefore, it’s important to carefully evaluate the security measures of a cloud provider and determine whether they meet the needs of your organization. It’s also a good idea to have a plan in place to handle any potential security incidents that may occur.

Why Do Digital Transformations and ERP Implementations Cost Too Much Time and Money?

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It’s no secret that a majority of digital transformations fail to deliver on time, on budget and deliver the business value that’s expected. A bigger reason for this is because organizations have largely misaligned expectations on what it takes to be successful but why is this? How do we get implementation expectations so wrong? That’s […]