Walk before you run

We are firm believers that these technologies come with many exciting possibilities, but we need to remember that you have to learn how to walk before you can run. So no matter how “cool” all these innovations are, it is essential to work on a stable core before you move on with innovative technologies. 

Keep your digital core stable

To be successful, your organization must have a stable, digital core to deliver financial reports, log transactions, process orders, and track fixed assets. Although for accounting and financial statements, we’re all in the same boat (compliancy with IFRS, local GAAP’s and other accounting standards are just not optional), the architecture of the core will probably differ based on your industry. Companies that sell products will need manufacturing, supply chain, and inventory management in their core ERP. At the same time, professional services organizations focus on having project management, service management, and support for field services modules. 

Choose the right components and integrate them 

Building a robust digitalized core starts with choosing system components and integrate them into your IT architecture. Since accounting standards apply to all of us, and modules for industry-specific needs are based on Best Practices, you can select a standardized solution that fits best to your companies needs.

A standardized solution as a “digital foundation”

This standardized solution requires little to no customization and serves as a foundation to provide stability and dependability for your organization, just like the foundation of a new building. By working with standardized processes and staying close to the standard configuration, you harmonize processes within your organization. This harmonization will be of enormous help when your company is growing, and you need to embed new departments or operating companies. 

Connect your digital core and remain flexible

By doing this right, the core doesn’t need to keep up with all the innovations. You connect this core ERP with modern integrations and cloud services to keep your landscape flexible and make sure your business can take advantage of all future innovations and maintain your competitive edge. In the next blogs, we will share with you how these innovations will bring the value the vendors are offering.