Seven ERP Trends for 2024
ERP Resources
by V K Ramaswamy
3M ago
Introduction:  The world of Enterprise Resource Planning (ERP) is constantly evolving, driven by technological advancements and changing business needs. Global ERP Market is expected to grow from about 48 Billion in 2022 to about 96.85 Billion by 2032 growing at a CAGR of 7.3%.  As we enter 2024, several key trends are set to reshape the landscape of how organizations manage their operations. These trends promise increased efficiency, improved decision-making, and enhanced agility in a dynamic market. Let's delve into seven of the most significant trends that will likely impact the w ..read more
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The Power of Precise Problem Identification in ERP Implementations
ERP Resources
by V K Ramaswamy
8M ago
It is a known fact that many ERP implementations are either outright failures or are suboptimally implemented leading to permanent dissatisfaction of the end users. While there are many reasons for this, one of the issues that I have seen, and which can be very easily resolved, is this. "Incomplete / incorrect problem statement. The consultant do not have a clear idea of the issue and hence the problem remains unsolved for a long time." Let me give you one example. We were upgrading a customer from EBS1 R12.1.3 to R12.2.10. I was providing project oversight. One of the issues that remained op ..read more
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From Recipe to CRP: Seven lessons that a Chef can teach an ERP Consultant.
ERP Resources
by V K Ramaswamy
1y ago
The world of culinary arts and the world of ERP (Enterprise Resource Planning) consulting may seem like two vastly different fields, but there are many valuable lessons that can be learned by bringing them together. For one, both are in the service industry and they work to deliver customer satisfaction. They have targets, deadlines and teams who work together to achieve the ultimate goal of making their customer happy. So it is natural that there are lessons that a chef can teach an ERP Consultant. Here are of them. 1. Attention to detail As a chef, attention to detail is critical. Even th ..read more
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From Cutting Board to Cutover: Applying cooking lessons to ERP Consulting.
ERP Resources
by V K Ramaswamy
1y ago
I love cooking. This started as a necessity since I am a vegetarian (occasionally I eat eggs) and I have to travel abroad for work. My travel is often 2 to 3 months at a stretch and I have to cook my food to survive. Of course cooking is relaxing as well. Recently I re-discovered the joy of cooking. The catalyst, the cue, that made me love cooking again was very simple. A sharp knife. I found a very sharp knife and I discovered that with it I could cut onions at a granularity that I had never done in life. I have used many sharp knives earlier, but this one was exceptional. The fluffiness of ..read more
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Top 7 ERP Trends for 2023
ERP Resources
by V K Ramaswamy
1y ago
Another exciting year begins for ERP Market. After almost three years of self imposed isolation due to COVID, companies are cautiously optimistic and are starting to allocate IT Budgets, most of which will go to investment in implementation or upgrade of their ERP Systems.   But here is the catch. The last three years saw the explosion of technology in the form of AI, ML, RPA, Blockchain and many other technology advancements. Due to this the expectation of Businesses from ERP has undergone significant changes when it comes to ERP. The question that I hear from every customer is 'Wha ..read more
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Top Seven ERP Trends for 2022
ERP Resources
by V K Ramaswamy
2y ago
Introduction:   COVID pandemic has accelerated the Digitization, Digitalization and Digital Transformation plans for many Organizations. Organizations have suddenly understood that Technology can improve efficiencies and profitability. Technology no longer looks esoteric. In addition, the last ten years have seen many technologies and ideas mature from the POC (Proof of Concept) phase to become ‘Industry Ready’. Technologies like Artificial Intelligence, Remote Collaboration, Machine Learning, Robotics Process Automation, Industrial IOT and Blockchain has demonstrated its value to th ..read more
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Diary of an ERP Consultant - Bank Statement Interface and me
ERP Resources
by V K Ramaswamy
2y ago
Yesterday I watched the movie 'Julie and Julia'. In that movie, the protagonist, Julie Powell, decides to complete all the 524 recipes from the book 'Mastering the Art of French Cooking' (written by the legendary cook Julia Child) and blog about it.  You can watch this movie on Netflix. Nice movie.  Watching the movie reminded me that I started this blog as a medium to pen my learning, successes, failures and frustrations as an ERP Consultant. When I work, I work a lot, about 11 to 13 hours on an average. I love my work and the challenges that I face.  I hope that you, my reader ..read more
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The power of wishing...
ERP Resources
by V K Ramaswamy
2y ago
 "Be very careful with what you wish for, because you will get it". So they say. Ever since I started believing it, things have started happening as per that. I had not flown in an aircraft till the time I was 37. Every time I looked at the sky, I wish I could fly one day, I said to myself. For the next ten years I have flown so much that I was considered as a 'Travel Expert' in my company. I accumulated over 200000 flying miles in Lufthansa and Air France combined. Take another example. I hadn't worked on ERP Product for over 7 years before I worked with Deepak NR of Sonata Software abou ..read more
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The Great ERP Promise
ERP Resources
by V K Ramaswamy
2y ago
I had posted this in ERPCommunity.com. Here is the link. https://erpcommunity.com/articles/the-great-erp-promise Here is the article.... As per various surveys done on ERP customers, 70% say that their implementation was a 'success' and only 30% say it is a failure. Gives a neat quaint picture, doesn't it? Only 30% failure, thinks a prospective customer. May be all those stories about 'ERP Failures' that I read about are wrong. Name one application that can be implemented without any glitches? Enterprise applications have their gestation period, right? Also they say ERP has become a commodit ..read more
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My interview with Paapri Cloud Technologies
ERP Resources
by V K Ramaswamy
3y ago
 Recently Kurtis Lilford of Paapri Cloud Technologies interviewed me for a post in his company blog.  The article is titled The Operational Dream: Is ERP all it’s made out to be? Before the interview Kurtis Lilford had asked me a few questions like 'What is Cloud ERP', 'What are its advantages' etc. As a part of the Q&A he asked me about Cloud ERP Readiness and the common hesitations for companies to move to Cloud ERP.  That last question was very interesting.  The common hesitation that I have seen are two. One is hesitation to store sensitive company data in a third p ..read more
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