Insights

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Due Diligence: Meaning, Applications, and Benefits

Giving something its “due diligence” is a phrase that is part of today’s casual lexicon, usually meaning “doing a bit of extra research” or “looking into” something. Look up the meaning of “due diligence” in a dictionary, and it may tell you the phrase has been in use since the 15th century in much the […]

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Choosing the Best ERP System for Your Growing Business

Are you feeling a little overwhelmed trying to manage your growing business? Are you struggling to manage different departments and feel your business is becoming more disconnected and fragmented the bigger you grow? It might be the right time to consider using an ERP…

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Navigating the Future: Understanding the Role of AI in Modern ERP Solutions
Navigating the Future: Understanding the Role of AI in Modern ERP Solutions

Artificial intelligence (AI) has integrated itself into the business realms, reshaping how companies operate and interact with the world. In various industries, AI serves as the backbone of numerous innovations.

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Strategy Consulting: What It Is and How to Succeed in It
Strategy Consulting: What It Is and How to Succeed in It

As with businesses in general, every day brings new challenges and opportunities for growth. Businesses rely on the expertise of consultants to navigate complex issues, seize market opportunities, and drive innovation. At the heart of consulting lies strategy consulting, a specialized field dedicated to crafting strategic plans that propel businesses forward. Beyond solving problems; strategy […]

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Why a Business Process Review Is Crucial Before ERP Platform Selection
Why a Business Process Review Is Crucial Before ERP Platform Selection

As you scale up your business, you might wonder: Do you need to use an ERP platform? After all, everyone – from small enterprises to large corporations – seems to be adopting an ERP system to stay competitive and agile. By streamlining operations, ERP systems help improve efficiency, enhance collaboration, and provide real-time data-based insights. […]

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Understanding ERP Systems: A Comprehensive Guide to Their Functionality and Implementation

Imagine these scenarios: The finance department in a company uses one software for financial reporting, while the sales team relies on a different system for customer data, leading to discrepancies in financial reports and challenges in reconciling data between departments. A manufacturing company struggles with stockouts and excess inventory due to manual tracking and lack […]

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What Is the Digital Transformation of a Business, and Why Is It Important?

What is digital transformation? Chances are high that if you ask five people this question, you will get five distinct answers. Digital transformation is one term that means various things to different people. The disparity and confusion probably arise from the many ways digital transformation can come about. People have unique digital transformation experiences, so […]

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What Is an Internal Audit, and Who Should Perform It?

Internal audits may have started solely as a way for companies to identify policy violations and ensure compliance with laws and regulations. However, over the years, they have evolved into a more comprehensive and proactive approach to risk management and process improvement that consistently brings value to organizations. Today, and due ‌to the changing nature […]

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Business people in the office.
What Is The Difference Between ERP And CRM Software?

Here’s a question: Should you get enterprise resource planning (ERP) software, or should you opt for customer relationship management (CRM) software? You’ll probably say, “We’ll take whichever is better.” We wish it were that easy, but it’s not. You see, enterprise software solutions have different strengths, and what’s better for one business may not necessarily […]

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Woman making a business presentation at a creative office
How to Write a Business Plan in 2024 (Step by Step)

It’s true what Benjamin Franklin said: “By failing to plan, you are preparing to fail.” Try to hold a conference without a plan and see what happens. Even the most carefree vacation requires a modicum of planning. You’d at least need to decide on your general direction. You’d also need to pack some clothes, cash […]

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