Tag: dynamics nav partner

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5 reasons why Business Intelligence should be integral part of an organisation

Many corporate owners and managers are flooded by ‘ information overload ‘ in today’s client-centric, digital-first environment and are desperately trying to find ways to gain better control, insight, and knowledge from data of their organization.

One of the best solutions to this growing problem is to adopt a Business Intelligence (BI) strategy, but in reality, many companies have been slow to do so – due to a lack of knowledge of exactly what it involves, where to start, and how long it will take to see any benefit. Therefore in this context, we will discuss the 5 reasons why Business Intelligence should be an integral part of your organization.

1) Making intelligent choices

As a business manager or operator, a good grip on what metrics the organization tells you is essential. Information, as we all know, is not necessarily equal to intelligence! This is especially the case if that information is ‘siloed’ in disparate parts of your business.

The primary objective of a BI program is to turn the data of your organization into organized, analysable knowledge. It is clear from the experience of our customers that getting up-to-date, data-driven information at your disposal will not only lead to improved business decisions but eventually lead to excellent financial results.

2) Help to attain marketing and sales targets

Your Business Intelligence program will provide in-depth analysis to jumpstart sales, enhance marketing function performance, and – crucially – shake the way both teams work together.

Let’s start with sales. Providing the salespeople with information that can quantify their operation and identify trends in customer behaviour is necessary if their solutions are to be positioned more efficiently and if they take advantage of all opportunities for upselling and cross-selling.

In marketing, the team can benefit greatly from BI by making sales information more accessible, which can be used to fine-tune and tailor their marketing campaigns. You can use software features to monitor and evaluate each campaign and use gathered information to ensure that potential advertising campaigns are as successful and effective as possible

3) Strengthening production

Business Intelligence has the potential to release inefficiency bottlenecks, refine existing business processes, automate routine tasks and bring new levels of organization and prioritization to everybody’s work.

Effectiveness and productivity improvements can be significant, with more attentive customer support, better time management for salespeople, and shorter product development cycles and marketing campaigns.

4) Enhance the accuracy and enforcement of data

Not only does the keeping of data in different siloes make it almost impossible to get your consumers ‘ 360-degree view, but it also hurts the very practical issue of data reliability and quality, which will harm all facets of your business. Addressing the underlying integrity of your data in any BI venture is indeed important – but we also see improved data management as a clear motivating factor behind such investments.

For instance, centralizing data helps to improve transparency and expose inaccuracies and gaps that will lead to wasted marketing spend, not to mention potential brand damage caused by sending insensitive or mistargeted communications.

5) Boost ROI

The culmination of all of the above points should be an enormous improvement in your business-wide return on investment – from everyday performance management, revenue conversion metrics and customer experience to research, modelling, and future growth strategies

In general, smart technology is adopted to track, advise, direct, manage and calculate Customer Experience – incorporating the notion firmly into the culture of the company that each group and each person is responsible for putting the customer at the heart of the business.
As we have already mentioned, the emphasis is on moving away from department-specific solutions and towards organizational implementations that help businesses maintain their strategic and tactical business operations closely associated with current goals.

That’s why BI can be summarized as offering managers with “a clearer understanding of how well their businesses are performing and whether they are achieving targets.”
You should contact Microsoft Gold Partner Trident if you want BI tools and their benefits. Our BI specialist will guide you to optimize your productivity and take maximum advantage of BI technology.

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7 Steps to Implement ERP in a Right Way

Enterprise Resource Planning (ERP) systems are utilized by businesses looking to manage their business functions within a centralized and integrated system. ERP is commonly used by companies working within the supply chain to help keep track of all the moving parts of manufacturing and distribution. ERP can be utilized by several different industries including those in Retail, Logistics, Manufacturing, Hospitality, etc. ERP is really important for any organization, it could act as a backbone of any company but you have to keep a lot of things to take full advantage from your ERP which we will discuss in below context.

Steps to Implement ERP 

1- Finding objective and scope

Before ERP implementation recognizing the objective and scope of implementing ERP is very important. You should ask yourself a question that “What should ERP be implemented for” and the Key Performance Indicators (KPI) have to be analysed. You should not focus only on the present objective but you also have to keep in mind the future objectives as well, which enables your business to accommodate changes in your future.
As per Panorama’s study, 61.1% of ERP implementations take longer than expected and 74.1% of ERP projects exceed the budget. Blurry definition of the ERP requirement is the main cause of a long time and over budgeting. For that you should know the scope of implementing ERP, the ERP demand list should be generated depending on budget and core necessity.

2- Selecting ERP Vendors

In this competitive environment, the election of the ideal product is important to achieve productivity gains. There are over 500 ERP applications in the market. While selecting the perfect ERP application for your business, you should know the vendor’s previous projects, industry vertical and experience.

3- Monitor Foundation 

According to Mint Jutras, 23% are unable to grow their business as quickly as they would like and believe this to be because they lack the tools they need in their current ERP system. The infrastructure on which the software will operate has to have the expanse of scalability along with options to update as per the demand. Such a requirement should not be limited.

4- Make Employees Ready for ERP

Big changes in any organization could also lead to the retention of employees, this could immensely influence the growth rate of a company, therefore management should involve their employees and develop them psychologically to clarify the critical questions like – HOW will ERP help an organization to rise? OR How would ERP enhance productivity? OR How would an ERP automate back-office functions and save time? A couple of brainstorming sessions will build employees’ confidence and prepare them to welcome the good change with open arms.

5- Technology & Knowledge Transfer 

21% of ERP implementations fail to give significant business benefits. The causes vary, beginning with inappropriate customization occurring from ill-trained personnel operating data to the solution. Training is the most important aspect of the ERP software implementation process. It assures there are fewer issues and higher success, especially when ERP is implemented for the first time in the company or when the platform is changed from one ERP solution to another. Decent use of technology and a useful knowledge transfer, along with proper training should be considered.

6 – Testing 

According to a Panorama Research study, 40% of ERP implementations cause major operational disruptions after go-live; therefore, proper testing is necessary before implementation. In the testing phase, improvising can be done keeping core objectives in mind simultaneously. Testing is an important phase of the implementation process, which takes care of system and user acceptance testing.

7 – Maintenance

Once the ERP solution is properly-checked and implemented, it is the time to go live. After going live you your ERP needs continuous maintenance and updating to avoid any glitches and irregularities. It is a continuous process, not a one-time event.

Now the question is out of 500 ERP applications right now in the market, which one is the best to choose?? Trident (Microsoft ERP partner) ERP Software Solutions are one of the best ERP software providers in, India. Our ERP analyses your business individually before coming with an efficiency offer in order to meet the best needs of your business. We provide customized ERP software solutions in cloud & web based environment, which is our strongest value propositions. Our ERP consists of various building blocks, which enables businesses to choose modules according to their exact needs and integrate all of their key processes into a single solution.

Restaurant Management ERP

5 Reasons to Need Restaurant Management Software

The need for restaurant management technology has been recognized by large and expensive restaurants and their chains as most of them use it.On the other side, as of now, just 9 percent of the small restaurants, bars and food trucks use it. They don’t think investing in restaurant management software is worthwhile enough. Therefore they are using manual methods like spreadsheets and paper and not utilizing their time efficiently.

So they should realize how important it is because it can help you save time, money and do more with your restaurant. There are a couple of reasons to consider here.

1- Simplify Inventory Management

Inventory management is a tough task especially for most SMBs as they are doing it manually. By replacing their manual methods with automated Restaurant management system will help them to track the amount of stock they have, what is it costing them? , and when they need more stock automatically.

Integration of POS system and restaurant management software helps in real-time inventory management as every time you input order on POS, the purchased inventory is deducted from the existing inventory. You can understand now why inventory management is so simple by using restaurant management software as if you do it manually then it will become a headache.

2- Reduce Human Error in Restaurant Supply Order

It can possibly lead to human error to fill out paper order forms and fax them to your suppliers. For instance 9 items on the form can be misunderstood as 90 items and you’ll get 90 items instead of 9 that will result in loss.

Restaurant management system streamlines the connection between the restaurant and the supplier. As it is a fully automated system, the chances of error are reduced and you can even track the status of your order.

3- Simplify Accounting

If your restaurant has a box full of invoices and receipts, you’re going to admire how restaurant management system performs. Rather than having to cling on to every piece of paper you get, you just need to click a photo of the invoice and it’s automatically uploaded to your digital filing cabinet through the software. It is filed into your accounting system, where you can pay the invoice before it is due.

4- Gain an Insight into Food Cost

Profit perimeters can be small when it comes to the restaurant industry, so you must know each ingredient’s cost, as well as the overall cost of a dish that you serve.

A restaurant management system makes reports of the cost of the dishes which you can view at any time. If the cost of onion has risen, thus cutting into your profit margin, so you can decide: do you raise the price for that item or reduce the quantity of that particular ingredient? Staying on top of these expenses helps you keep costs down.

5- Simplify Monitoring 

If you carry multiple locations of your restaurant, using a restaurant management system will help you to access data for each location which is helpful and time saving as compared to separate system for each location. You can handle inventory across all locations and place orders with suppliers in bulk to get profit. You can also view menu items which are most successful at each location so that you can deliver what your customers want. A restaurant management system integrates inventory, sales, ordering, and accounting and makes it easier to do your job well. Every SMBs must realize that and should opt for it as it is worth every penny they’ll spend.

If you are looking for a restaurant management software to simplify your operations and to make a system which is more efficient then you can contact Microsoft Gold Partner Trident .Trident’s LS Nav solutions provide all the tools your restaurant chain needs to succeed, from front to back of house : the system includes kitchen and restaurant management functions, powerful POS terminals and superior tools for enterprise resource planning.

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Enterprise Software Solution for Retail, Hospitality & Manufacturing

An organization consists of various departments like Marketing, Finance, Operations Management, Human Resource and IT. So no matter what the size of the company, it becomes difficult for a company to unify or manages its data. Therefore all companies prefer ERP systems to manage their day-to-day activities to follow the business status comfortably and the same goes for the hospitality, retail, and manufacturing industry. For any business in hospitality, retail, and manufacturing, be it bar services, some steel industries or some food court, maintaining all becomes critically important if they want to boost their profits. In the below context, we will discuss how ERP benefits the Hospitality, Retail, and Manufacturing industry.

Trident’s ERP Benefits

1) Real-Time Data

Organization data is dynamic, it varies every day and every company needs a real-time insight on their data so that any change will be reflected uniformly across all the units of an organization.

ERP can solve this problem as ERP is all about information. It explores and scatters real-time information to all the relevant units, leaving no scope for error or delay.

2) Point of Sale System

A point-of-sale (POS) terminal can be connected to other terminals and a server at another location. It can be expanded with handheld devices wireless linked to the remote area. You can trace several operations in beneficial ways and customize it as your requirements vary over time.

3) Customer Management

ERP plays a significant role in customer management and maintenance. You can order the purchase history of customers and choose the most productive ones, offering them reward points or gift vouchers. The customer history gives you an idea of customer practices that enables you to promote accordingly. ERP also assists you to resolve customer complaints promptly.

4) Employee Management

Employee management is the main advantage of using ERP in any industry. Apart from the challenges of maintaining data of several employees in any industry, the geographical restrictions make it more difficult.

ERP helps in the management of employees through an integrated system. Primary employee details are saved in the ERP system, along with real-time information like shift timings, work hours, their work, etc. All of this helps in managing the employees more efficiently and making interaction with them easier.

6) Inventory Management

ERP saves the data of individual product details so that we can know exactly what is presently in your inventory and which items are out of stock or going to be out of stock. It also traces the expiry date, temperature, etc. and helps in demand forecasting.

We have seen the benefits of ERP, now you must be wondering which ERP software is best to use ? Trident’s Dynamic NAV ERP is easy-to-use software, which helps the recording and processing of multiple financial transactions and processes. It is outlined to overcome inadequacy and heighten your organizational productivity. This ERP software for the Hospitality, Retail and Manufacturing industry is easy to learn, scalable and requires low maintenance.

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Problems Faced by POS System and Trident’s Solutions

The modern point of sale systems is an easy and efficient way for merchants to trade their goods and services. It can help any business to get more sales, in business management, and also help in leveraging ecommerce features. Though, POS problems could face some problems which fortunately are avoidable if you choose the right pos system and implement it properly. So in the below context, we will discuss the problems while implementing a POS system and their solutions.

1) Security Issues

Even one breach to the customer’s confidential data is enough to ruin your reputation and trust that you have built over the years with your customer. To counteract this costly mistake and to safeguard your business, it’s crucial to invest in the good POS system that includes a hacker detection. You also have to keep in mind the following tasks:

  • Protection and encryption of your Wi-Fi
  • A strong password for your POS
  • Different Wi-Fi network from customers
POS Security

2) Adopting the Wrong POS System

One of the key feature of the POS system is the breadth of reporting analytics that is made available for retailers. But if you skimp on implementing the POS system then that could lead to inaccurate reporting. So you don’t have to skimp on implementing it as it is a one-time investment with great ROI.

3) No Backup 

Suppose you have selected a good POS system but what if the internet is down? How could you do a transaction? You need to ask these questions to yourself after implementing a POS solution.

This is especially important if you choose a web-based system that can’t process payments without a Wi-Fi signal. So it is suggested you have a backup “hotspot” connection.

Depending on your business’s requirements, you might also think to have a complete backup POS system. For example, some businesses keep a free POS system or mobile payment app handy for when they have problems with their primary POS.

4) Not Using POS Optimally

Sometimes even if the merchants have a great POS system they don’t know how to use its advanced features like Sales reports, Email marketing, E-commerce, Employee management, etc. This means that they are wasting their money on the features they are not even using.

5) Proper Training of Employees

Employees face troubles when the new POS system is installed in your business. So employees have to be trained thoroughly which will enable them to run different operations on the POS system smoothly and efficiently.

dynamics nav partner

Picking a POS system is the beginning of a long-term relationship, and you want to make sure that the company you choose will be there through thick and thin. You’re faced with a lot of options, and you want to make sure to partner with a strong company dedicated to the retail industry, therefore, we would likely suggest you go for the Trident Information Pvt Ltd which is the Microsoft Ls nav partner and can provide you an end-to-end retail POS solution for stores or chain of retails, which is powered by Microsoft Dynamics NAV. This integrated solution delivers completed and innovative functionalities to the busiest retailer without the need to build, manage and maintain multiple applications and interfaces. Its unique use of single application covers your whole retail business from the Point of Sale (POS) terminals to headquarter. The powerful functions including store management, inventory, merchandising, demand planning and all the back-office functions that you would expect to find at head office are available in LS Retail.

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Food Manufacturing Industry Need Intelligent ERP to Manage Operations & Manufacturing Process

Nowadays various food industries providing all kinds of food services are established throughout the world. Now food industries have to focus on concerns like fitness and wellness, changing lifestyles, changing favourites, food protection, sustainability, and technology. Aside from serving their customers, they also are involved in managing their processes short and streamlined. In today’s food market with such an immense competition the investment in technologies like ERP for food & beverage is not only a wise choice but a necessary one. In the below context we will address the needs for ERP for Food Manufacturing and its benefits.

Needs of ERP for Food Manufacturing & Managing Operations   

  • Single Integrated System
  • Streamline Production Management
  • Monitoring of the food
  • Enhance Supply Chain Efficiency
  • Manage R&D for Faster Time to Market
  • Strategic Financial Management

Benefits of ERP for Food & Beverage Industry

1) Single Integrated system

ERP makes an organization efficient and simplified its management by addressing data from every single distinct zone of the organization, allowing all data to be accessed by employers in real-time. This also helps the administrators to have overall information of the whole organization. Furthermore, most ERP programming is presently accessible on cell phones which makes it’s more easily accessible.

2) Streamline Production Management

ERP helps in following up with the seasonal demand with simpler production scheduling tools. Furthermore, it reinforces accuracy with automated barcodes, and RFID tags and track a variety of things including the loss of inventory and ingredients

3) Continuous monitoring of food

An ERP ensures the protection of your manufacturing company by continuous monitoring of food for its security, for example, stock details, expiry dates, content properties, and nourishment can be effortlessly observed and verified.

4) Enhance Supply Chain Efficiency

ERP helps in making ingredient and raw material sourcing more efficient and economical by purchasing more strategically with an eye on seasonality and Improving forecast accuracy for just-in-time production. Furthermore, it enhances materials and inventory management to maximize shelf life and reduce waste.

5) Manage R&D for Faster Time to Market

By knowing what ingredients are included in each order with robust batch and lot tracking, ERP Applies discipline to managing recipes throughout development with revision auditing.

6) Enable Strategic Financial Management

It helps in Streamlining accounting operations by gaining visibility into trends with built-in sophisticated analytics and reporting and Optimizing profitability with end-to-end costing analysis.

For food and beverage companies, these hurdles have been especially acute because of the very vital necessity to balance changes that influence cost-effectiveness and product safety. But such concerns are not new to this industry as today’s business environment has become very competitive and nowadays ERP is not just a choice, it has become a necessity. Without an integrated ERP software system, the task is less effective, less economical and has a greater chance of losing to manage both your business plans and long term aims. An investment now in an ERP system can help you further by having more ROI.

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