Daily Financial Cycle: A Conversation with Tata Rao

This week’s episode is the first of a series of conversations with Tata Rao, previously the lead architect of a financial system for a global bank, and an expert on demands of the daily financial cycle. He discusses the demands of managing detailed data, the daily financial cycle, and fulfilling end user requirements.  The system keeps customer-contract level details posted on a daily basis, which can … Continue reading Daily Financial Cycle: A Conversation with Tata Rao

Your Data is Key to Your New ERP Package

As Pete Galbo told me a few years ago as we discussed a client who had embarked on a long journey of evaluating ERP packages for General Ledger and related reporting problems, “Unfortunately, you can’t purchase an ERP package with your data in it.” Having lived through a major ERP implementation, he was completely right.  Most projects begin by recognizing there are limitations in the … Continue reading Your Data is Key to Your New ERP Package

ERP Package: User Interface and Your Data

In my career, I have found that even for the largest organizations ERP packages create a great deal of value in two primary areas: They constrain choices in design and provide business process templates, thus creating greater efficiency of implementation.  Giving business partners a blank sheet of paper upon which to do whatever they want often leads them back to what the current system does. … Continue reading ERP Package: User Interface and Your Data

The Have It Your Way ERP Package

Contrasting with last week’s prescriptive ERP Package approach, the other major vendor uses an integration approach to the problem. This ERP Vendor grew through acquisition of various products, and integrated them. This means that often one can select only particular functions or parts of the package to use, and then construct or use other components to solve other parts of the problem. This can be … Continue reading The Have It Your Way ERP Package