ERP (Enterprise Resource Planning) is a central data management system which allows business owners or managers to take control by monitoring every aspect of their company’s internal transactions and processes. Having an ERP system in place limits the risk of loss or sabotage by an unscrupulous employee by restricting their access to just the areas that they need. Plus as more employees work remotely and data is shared on external, often public, networks, an ERP is also invaluable in ensuring that confidential information is limited to the system and is less likely to be stored on laptops or external drives.
A Business Continuity Plan (BCP) is a must have for any company that wants to protect themselves in the event of a disaster, be it manmade or natural. As a company grows, so too can the risk of greater losses, whether it’s the destruction of a business due to an earthquake or the loss of stock thanks to a warehouse break-in. Put simply, having a sensible and workable Business Continuity Plan in place will greatly increase a business’s chance for survival when faced with adverse conditions that could threaten to cease trade.
Business Intelligence (BI) refers to the act of more effectively managing data and making better decisions. Generally speaking Business Intelligence falls into four categories: reporting, analysis, monitoring and prediction. Pulling these four strands together into a cohesive plan can be complicated, however anyone wishing to more effectively grow and run their business would be well advised to take a closer look at BI.
There is more to Business Value than pure finance (although naturally, this plays a big part) and there are a number of things to consider if a business owner wishes to calculate - or add to - the value of their company. Some factors are not calculable in monetary terms: consider the reputation of the business, how secure confidential data is, whether or not intellectual property rights are protected, and the value of the customers, the suppliers and even alliance partners. They all add up to the total sum of greater Business Value.
Installing an Enterprise Resource Planning (ERP) system is crucial for any business owner or manager who wants to be able to track exactly what is happening within their company. It allows for monitoring of internal processes and transactions, has the ability to restrict usage for certain employees in specific areas and ensures that classified corporate data stays secure. Microsoft Dynamics is ERP software that has been developed mainly for use by medium size businesses as well as by the subsidiaries or divisions of larger corporations.
Computer hardware refers to all the physical parts which make up a PC or laptop; from the monitor and keyboard to the sound card and motherboard, making sure that all of these components are running in sync and to their maximum effectiveness will ensure a far better user experience. A properly operating computer system not only means that the user can work (or play) more efficiently but that the machine is less likely to develop a serious problem. Looking after a computer and knowing basic maintenance steps should prolong its lifespan considerably.
In these days of almost constant connectivity, online security is a greater issue than ever before. Hackers, phishers and creators of viruses and other malicious software grow increasingly cunning with each new version of their particular brand of internet parasite. Therefore staying on top of system security grows ever more crucial too. Not adequately protecting documents, data, online banking details, passwords and other personal or corporate information can result in corrupt files at ‘best’ and an empty bank account or stolen identity at worst.