Data lakes and data warehouses are buzzwords you hear when it comes to data storage in the context of Big Data. In fact, they also denote two different approaches. The „lake“ in Data Lake is indeed a fitting term: a large pool filled with raw data that is stored there unstructured and without a specific use. A data warehouse, on the other hand, keeps ordered, structured, filtered data in stock. For what purpose should you use which approach?
Read MoreBusiness process reengineering before ERP implementation
The implementation of ERP software inherently requires a review and customisation of business processes in order to properly install and configure the software. While such a review and customisation is not the equivalent of business process reengineering, it can bring about a degree of process improvement.
Read MoreCoding or customizing: Correctly adapting ERP software
There are two methods for customising the processes of an ERP. Customizing is the method of adapting the system within the possibilities that the system offers.
Read MoreGroup-wide consolidation of ERP systems
If a company is taken over by another, usually larger company, there is often a call to consolidate the ERP systems of the newly connected companies.
Read MoreBig Data - Relevant for SMEs?
Admittedly, like many other buzzwords, „Big Data“ is used in a simplified or confusing way. Does Big Data have any actual relevance for small and medium-sized enterprises?
Read MoreSAP Business One - The Practical Handbook No. 5
SAP Business One - The Practical Handbook has now been published in a new fifth edition. It is recognised as the guide and manual for SAP's ERP for SMEs.
Read MoreElectronic invoices to authorities
More and more electronic invoices are being sent around the world. Numerous different formats have emerged as a result. This is also where the problem lies. For a long time there were no standards, or at least only a few. Binding standards for electronic invoices have been introduced within the EU. The permissible formats need to be clarified.
Read MoreData analysis for SMEs
„Data analysis for SMEs“ or „Data Science“ should actually be one of the top topics for medium-sized businesses. These are times when the future can only be predicted with great difficulty based on experience.
Read MoreApply the final calculation correctly
nustries such as plant engineering or the construction industry generally provide contractually agreed services over a longer period of time. The client is often issued with partial and instalment invoices. The final costs are then settled with the final invoice. This final document settles all outstanding claims for a project, taking into account the instalments already paid. A final invoice therefore requires that partial invoices or invoices on account have previously been issued.
Read MoreERP selection - if it were that easy / Part 9
In our series on ERP selection, we have already shed light on some facets of this difficult subject. However, we are now quite a bit further through the various stages. We have found our favourites and enjoyed various presentations.
Now it's time to back up the good impression with additional information. We require the supplier to talk to his ERP references.