There have been many ongoing and wide-reaching discussions on the rise of postmodern ERP in recent years. Gartner defines postmodern ERP as: “A technology strategy that automates and links administrative and operational business capabilities (such as finance, HR, purchasing, manufacturing and distribution) with appropriate levels of integration that balance the benefits of vendor-delivered integration against business flexibility and agility.
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Today’s blog is the final post in a two-part series from Marcus Wagner, Founder and CEO of AcctTwo.
Today’s blog is a guest post from Marcus Wagner, Founder and CEO of AcctTwo. This is the first part of a two-part series.
Recently, John Kearns, Controller for IntegraMed shared with me an unexpected turn of events his team faced a few months before. After 10 years as a multi-location company with no notable disruptions, US-based IntegraMed acquired a new company. That wasn’t the hard part. The real surprise was the newly acquired company was Canadian.
In our first blog post we talked briefly about the unprecedented opportunity that best-in-class products like Salesforce deliver for empowering every department in a company with the best possible software solution. Of course, we also acknowledged the fact that the power of choice can make you want to go take a power nap.
Life-changing decisions—College, jobs, investments, shopping for a home—have taught many of us the important reality of compromise. In the decision making process we generally begin with the anticipation of having the best of both world—that great house in the best neighborhood, no more than 15 miles from the office—and end up with a 57 mile commute in exchange for a good school district for the kids.
After being in the software industry for nearly 20 years—having sold software, demoed it, implemented it, developed it, and marketed it—and bought quite a bit of it too, I’m still surprised by how many buyers don’t follow some basic ground rules when they’re making such a big decision.
Intacct has been promoting a paper from respected ERP industry analyst Brian Sommer. Brian wrote “Economics of Cloud Financials” which covers the varieties, costs, and benefits of financial systems in the cloud, from both a customer and vendor perspective. The paper discusses financial systems that are delivered on-premises, hosted by a 3rd party, delivered via single-tenant cloud, and delivered via multi-tenant cloud. You can find the paper here. Naturally, there are some key takeaways from the paper I want to bring to your attention.