Organizations must have corporate taxonomies in place to manage increasingly intelligent enterprise resource planning (ERP) systems and broader data insights. This interesting topic came to us from Financial Executives in their article, “Managing in an Unlimited Visibility World: A Q&A With SAP’s Thack Brown.”
ERP is essential to running all aspects of a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The ERP technology can be slow to change, but over the last couple of years new trends are fundamentally shifting the entire arena. This makes choosing an ERP system among the most challenging decisions facing information technology leaders. Few people consider the transition. Implementation is seen as the responsibility of the software provider, and businesses assume the new vendor will take care of all the details. A successful transition takes a company’s unique processes, goals, and culture into account.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.