It is not merely getting the organisation or business process flow transformed digitally in a bunch of smart applications and after then, expecting the activities in the familiar pattern of so-called automation. The key point is having “Planning” from the very well-tuned and orchestrated Enterprise Resources to leverage the actionable and predictable insight. Every thing shall be done using the ample and enough accurate data – from the historical and present situation.
So, the journey of ERP building is not straight forwards following some well-established roaming-arround methodology in the industry. To my consideration, as it appears to me conclusively, Innovation and deep analytical capacity of a Business Analysis (BA) professional matters most the get the ERP a success. Here, the success means ERP must be most intelligent application entity in the business organization which should have been built like an allies of the business – always standing beside all-level people in the organization, who would be getting the expected result, deep insight and futuristic outcome from the Enterprise Resource Planning Applications.
Let an ERP talk to you and serves as a proactive advisory stuff and stay beside you in crisis and good time. The ROI is not obvious always – it is like a seed planted in the soil of business to come out as huge green tree of benefit after proper nurturing from all stakeholders. Today, the technological advancement with AI, BI, Autonomous Database and highly intuitive application processes and inter-cloud collaboration put the ERP at an outstanding performing stage. So, the rest is to the people of the organization – how to leverage the power of the Business Applications to get the best result and keeping the business at competitive edge.
The Crucial Role of Business Analyst for ERP –
Business analysts must adhere to ethical guidelines, including maintaining confidentiality, avoiding conflicts of interest, and ensuring fair and unbiased analysis. Business analysis is a versatile discipline applicable to various industries and domains, and it plays a pivotal role in helping organizations adapt, innovate, and thrive in a dynamic business environment. Business analysts often engage in continuous improvement by monitoring key performance indicators (KPIs), conducting post-implementation reviews, and refining processes. Some common challenges include managing stakeholder expectations, handling scope changes, coping with evolving requirements, and addressing communication gaps.
This is important to remember that, effective business analysis is essential for organizations to make informed decisions, optimize processes, enhance products/services, and adapt to changing market conditions. It helps organizations align their initiatives with strategic objectives, reduce project risks, and increase the likelihood of project success.
Gartner Research Report on ERP market share
From my linkedin Article :: Posted on 20/10/2023
According to Gartner’s 2022 Magic Quadrant for Cloud ERP for Product-Centric Enterprises, the top 5 ERP vendors by market share are:
1. SAP (30.1%)
2. Oracle (19.8%)
3. Workday (19.1%)
4. Microsoft (11.2%)
5. Infor (5.0%)
SAP remains the market leader in ERP, with a significant market share advantage over its competitors. However, Oracle and Workday are gaining ground, and Microsoft is also a major player in the market. Infor is a smaller vendor, but it is a leader in the ERP market for certain industries, such as manufacturing and distribution.
Note:
Gartner’s Magic Quadrant is a research report that evaluates software vendors and products based on their completeness of vision and ability to execute.
It is important to note that the ERP market is constantly evolving, and new vendors are emerging all the time. As a result, market shares can change rapidly. However, the top 5 vendors listed above are well-established and have a strong track record of success.
*How the ERP market share is changing
The ERP market is shifting towards cloud-based solutions, as businesses increasingly seek to reduce IT costs and improve agility. Gartner predicts that by 2024, 60% of businesses will have implemented cloud ERP.
This shift is being driven by a number of factors, including:
* The increasing affordability and reliability of cloud computing
* The ease of deployment and use of cloud ERP solutions
* The benefits of cloud ERP, such as scalability, flexibility, and security
As the ERP market continues to shift towards clouds, it is likely that the market share of the top vendors will change. Vendors that are able to successfully transition to the cloud are likely to gain market share, while vendors that are slow to adapt may lose market share.
Overall, the ERP market is a large and growing market. There are a number of vendors to choose from, each with its own strengths and weaknesses. Businesses should carefully evaluate their needs before choosing an ERP solution.
I am not in a box, I endorse
From my Linkedin article :: posed on 22/12/2023
I am not in a box, I endorse, I’m open in selecting the best to server the purpose.
Truly, the sky is open – and,
The ways of reaching goal are not fixed in a limited scope.
It’s a question of being generic in judgement is a necessity for whatever the application is to serve the purpose of Enterprise or Business need. So, the decision is simply strategic and here, ERP vendor is arbitrary factor to choose. All are not the same in consideration of the business solving potential and gained expertises in incorporating the flow of specific organizational process and business need. The ERP expert, Consultant or any Subject Matter Expert must know, in practice, the pros and cons, power of problem solving capacity, Insightful analytics and reporting capacity could provided by all the present ERP application dominating in the world of Enterprise, Corporates and Business of any volume.
Seriously saying, who is lacking behind whom? Who is not providing ample and state-of-the-art IaaS, PaaS and SaaS in the mostly modern and ever-upgrading and redundant cloud? I hope the information is open to all of you.
The core question is – how much clarity and focus to pin-point we can have while we shall be grasping the business requirements, knowledge of governance, business process analytics and, of course the non-conformance findings in the process of risks and gap analysis part? This is paramount to conduct a through gap analysis of QMS (Quality Management System – ISO/IEC 9001:205, ISMS – ISO/IEC 27001:2022, Business Continuity Management System (BCMS – ISO/IEC 22301:2019 – Security and Resilience and other relevant normative references of International Standards) – to fix the processes in tune with business expectation for getting a desired result from ERP deployment.
In conclusion, a well established governance, implementation of matured business process, openness to the hectic change management phases and cordial attitude of learning help to get a well-tuned and orchestrated ERP for your Business.
Isn’t it?
… …
Is the term IT Audit correct?
Is the term IT Audit correct?
Although, I have been using this term and process for long! Now, I urge for the correction, at least I shall be thinking and use the audit matter the following way from now on.
Let me explain – How is it, if it is saying
– Audit for IT Operations of Business Process or
– Audit for IT Operations of BackOffice Management System – and
the both shall be performed separately in active presence of the Subject Matter Experts (SME).
The invented deliverables of Information technology are the finished products and services – made and intended for the end users. These products are: Operating, Networking and Communication Systems, Device Drivers, Software Applications and Apps, Collaboration and Service Agents, Interfaces, Database Systems, Security Systems and lots of hosting, communicating, backup, output, ranges of Intelligent, active and passive hardware and so on. At the innovation, design and building stage, these products are services passes through a process of quality assurance, validated against industry standard controls and rigorous benchmark testing phases. This is widely known that the things are bug-fixed and adequately usable to the beneficiaries. So, the IT and its deliverables – In the context of functionalities and operations, the potential and obvious problems of IT products and services can jeopardise the Business Process or the back-office management process.
It is known to all about the business process (those directly built for revenue generation) – for examples, Core Banking System, Healthcare Systems, Retail operation, Customer Relationship Management, Production and Manufacturing, Hospitality Management, Vehicle Management, Education Management etc. And, the example of BackOffice Management system are (not having direct connection of revenue generation and profit) – Finance and Accounting System, Human Capital Management, Asset Management, Security and Surveillance system, Warehouse and Inventory System (common for Business and BackOffice purposes), Power Management System etc. These are supportive in action.
IT and the end users products and services have to be installed and configured the way to support the operational needs of the both areas – Business Process and BackOffice Management Process. In the situation of any misconfiguration and intentional or unintentional operational deviation, error; the business and the backOffice operations are disrupted and suffers in delivering the intended outcome.
So, the conclusions is – this is not IT’s default operations with its software and hardware deliverables, responsible for the business or backoffice operation hazards or discontinuity. This is the enduser’s functionality setup – designed, configured and custom made for business and BackOffice.
Audit must be on these areas:
– Audit for IT Operations of Business Process, or
– Audit for IT Operations of BackOffice Management System
This makes scene and relevant.