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BITSoftware announces the launch of a new version of SocrateERP in the cloud, the complete business platform that includes new features developed and used by our industry-wide customers to streamline their business activities. Here is a brief review of the most important new functionalities.
Implementing an ERP system is an expensive initiative, both in terms of time and money, and its benefits are seen in time and only if implementation is done correctly. Panorama Consulting, however, announces that 1 out of 5 implementation projects are subject to failure.
ERP systems are continually evolving. For the next year, we have already identified some trends that redefine the framework for using ERP systems. If you do not yet use an ERP system then you should consider these trends and determine how they might address the needs of your company.
Even if the global trend is to adopt cloud solutions, there are still companies who want to implement ERP on-premise solutions or are undecided about choosing cloud vs. on premise.
The main differences come from how they are installed, but also from the price. On-premise ERP systems are installed on client servers and require the presence of an IT department. Customisations typically require specialised resources and are time consuming and costly. Updates are made against the cost and should be done carefully so as not to override special customisations and settings made previously.
For cloud solutions, you do not need hardware, and users access the software in a web browser, and updates are done automatically. Cloud applications are easy to improve over time, but on-premise systems are prone to remain on older versions for a longer period of time because they are more difficult to update.
The difference between pricing models demonstrates that SocrateERP's cloud version has a lower start-up cost than the on-premise version.
Construction companies have one of the most increased process complexity due to the segmentation of their activity, to working simultaneously on multiple sites, and to the use of multiple profit centers.
In the case of running concurrent projects, it is most often that the actual costs are different from one project to another, even if the initial calculations showed a similarly planned cost. How do you figure out where a problem has occurred, where to intervene, and what needs to be corrected?
According to a survey led by Oracle, to which more than 400 IT leaders responded, more than 76% said they planned to switch from ERP to ERP in the cloud if they have not already begun.
Why such a move? We quickly figure it from the answers of those who participated in the survey.
Transit, the transport and logistics business magazine, has recently published an article about Frisbo's story and the future of logistics that is in the cloud.
Let's start with a brief presentation of the concept. Whether you realize it or not, you already know the technology, because we use it every day in our daily work, such as whenever we connect to mobile applications. The API makes it easy to synchronize applications in real time, the most common case being when we connect to a site using existing Gmail or Facebook accounts. What happens in the back is possible because of the API technology that extracts the information from those accounts and uses it to connect to the site we want to enter.
The introduction of the new VAT collection mechanism, known as VAT Split, was included in GO no. 23/2017, which states that as of 1 January 2018 companies registered for VAT purposes will have to open a new VAT account. Although several forms of Split VAT were circulated in its final form published in the Official Gazette, the document states that the VAT splitting mechanism is only mandatory for insolvent firms and those paying VAT, the other companies being able to opt for split VAT on a voluntary basis.