Clients First USA
Clients First knows their software, but they are also astute business people, and they really understand manufacturing and distribution in particular.
Jimmy Witcher, COO, Merrick
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‘Partners Perspective’ Category

Software and Tech Industry Acronyms

Monday, March 12th, 2012

Did you ever want to look impressive and pretend you knew what you were talking about?  Well some unnamed soul obviously had a lot of time on their hands and created this list of Technology and Software Industry Acronyms.

I’ve never quite seen such a list so I thought I share it to our subscribers so that you to, could look like you were with the ‘in’ crowd when discussing technology with folks.

Hope you find this helpful!

 

A/D Analog To Digital
A2A Application to Application
AAF Advanced Authoring Format
ABAP Advanced Business Application Programming (SAP)
ABC Activity-Based Costing
ABM Activity-Based Management
ABMS Anything But Microsoft
ACD Automatic Call Distributor
ACI Application Control Interface
ACIS 3D Geometrical Modeling Library (Andy, Charles, Ian’s System)
ACL Access Control List
ACM Association For The Computing Industry (1947)
ACM Asset Configuration Manager
ACP Advanced Configuration And Power Interface

(more…)

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Posted in Industry Insights, Tech Tips | 1 Comment »

Before Starting an ERP Implementation or Upgrade…What to do

Wednesday, March 7th, 2012

Want to Get a Head Start on Your ERP Implementation/Upgrade?

Your company has bought or is in the process of buying/upgrading an Integrated ERP system. Getting a head start can help keep the implementation on-time and can help you keep your sanity. It can be tough at times to complete your tasks for the ERP Implementation and get your normal job duties completed. It is much easier and faster to perform the following tasks as you are performing your standard routine than it is to set down and document over a couple days from memory.

Although many of the recommendations below should have been done before purchase process, any missed items should be started now:

Meet with key personnel and have them collect the following information:

  • Collect sample documents given to you that you use to make decisions. Just a page or two highlight important fields and make a note of how the data is used. This includes legacy reports, Access databases, Excel Spreadsheets, Word Documents, anything else not listed.
    • Daily reports
    • Weekly reports
    • Monthly reports
    • Yearly reports
    • Other on-demand reports
    • Phone Calls
    • Emails
    • Faxes
    • Handwritten notes, Post-its, Napkins……

(more…)

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Posted in Industry Insights, Partners Perspective | No Comments »

Accounting Software Fraud Prevention Tips

Monday, March 5th, 2012

Research has shown that smaller busi­nesses are often more vulnerable to fraud than their larger counterparts because they have fewer employees. With fewer employ­ees, there is often less segregation of duties and fewer internal accounting and auditing controls. You can protect your company by making employee fraud prevention a priority. The following guidelines are fundamental steps in creating a fraud prevention environment in your small business.

Implement An Automated Accounting Solution.

By using an accounting and operations software solution like Sage, Epicor, Microsoft or SAP with their strong user security controls and clear audit trails, you can help mitigate fraud risk. User security ensures that employees only have access to the areas of the business within their specified responsibility, leaving them with less ability to cover up fraud schemes.

Understand Your Company’s Specific Fraud Risks.

Conduct a thorough audit of your company’s specific vulnerabilities in order to design and implement internal controls and fraud prevention programs to minimize your risk.

Conduct Employee Background Checks.

Verify educational and employment history, as well as references, to ensure there is no previous history with fraud or other illegal activity. When filling positions that will handle company assets, it is especially important to require a background check.

(more…)

Posted in Partners Perspective, Sage MAS 90 and MAS 200 | No Comments »

The Vital Importance of Technology Due Diligence in M&A

Monday, March 5th, 2012

Mergers and Acquisitions Without Reviewing Technology Requirements Can Be a Serious Mistake

Business technology systems have become the central nervous system in today’s progressive business. They provide management access to information enabling them to understand the current business climate as well as make important decisions about the future. They provide employees the operational and day-to-day information necessary to efficiently provide products and services to customers in a timely manner. ERP and supporting technology systems touch every aspect of the modern business. From purchasing, inventory, and warehouse management to customer orders, production, shipping, and accounting, these all encompassing systems provide a centralized database containing important information to everyone in the organization who needs it. It puts information at people’s fingertips and provides one version of the truth throughout the organization. They enable a 360 degree view of the business and allow the management team to optimize efficiencies and gain a competitive advantage.

Given the value and importance of these business technology systems, few companies take the time to thoroughly evaluate and understand what they might inherit as a result of a merger or acquisition. ERP systems are very complicated because they touch every department and most business processes. The cost to replace or change an ERP system in terms of time, effort, and real dollars can cost six to seven figures for a mid-sized business and cause significant business disruption. It is therefore essential to perform proper due diligence prior to finalizing a merger or acquisition to clearly understand the state of the technology and financial impact it might have on establishing a valuation.

(more…)

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Posted in Industry Insights, Partners Perspective | No Comments »

Virtualization vs. Cloud Computing

Friday, February 3rd, 2012

virtualization

How Cloud Computing or Hosting compares to Virtualization

Virtualization and cloud computing are different approaches to solving the problem of maximizing the use of available resources. Virtualization is one physical computer pretending to be many computing environments. Cloud computing is many different computers pretending to be the one computing environment.

The flexibility of virtualization makes it a great match for cloud computing. Cloud computing can be defined based on the virtual machine containers created with virtualization. Virtualization can be used as the basis in cloud computing. Cloud computing is an approach for the delivery of services. Virtualization is one possible service that could be delivered.  Most Cloud Computing, Software as a Service (SAAS) providers and hosting companies use virtualized servers due to their more cost effective properties.  Here is the comparison:

Virtualization

  • Single user access to multiple physical devices. In other words, a single computer controls multiple machines or one computer utilizes multiple computers to analyze a database.
  • Run multiple applications on each server reducing the number of servers companies need to purchase and manage
  • Consolidate servers
  • Support more users per piece of hardware
  • Deliver applications
  • Run outdated line of business software on outdated operating systems via a virtual server
  • Run applications faster
  • Provides more servers on the same hardware
  • Fits best larger corporations requiring little downtime and airtight security

Cloud Computing

  • A collection of computers and servers that are publicly accessible via the internet that saves labor hardware and power costs
  • Software you use is stored on servers and accessed via the internet
  • Cheaper than dedicated physical resources connected to a personal computer or network
  • Software is still available for others to use if a computer crashes
  • Provides measured resources while paying for what you use.
  • Smaller businesses profit more

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Posted in Industry Insights, Partners Perspective | No Comments »

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