Virtual reality (“VR”) has been around for a while now but has only in recent years become a bigger reality for consumers. While VR is being utilised mainly by the gaming world, other industries are beginning to explore the possibility of incorporating VR as a way to boost business, and the retail industry is one of those sectors.
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The coronavirus has dominated headlines and the news since the beginning of 2020. Since the first cases of COVID-19 was confirmed in South Africa, businesses have been worried about the outbreak, the panic that comes with it and the after effects.
In any business today, the various markets, which also means the economy, is forever changing. This can in turn can have an effect on your business’ performance.
ERP was initially designed as a business optimization tool, aimed at improving efficiencies from your sourcing- all the way through to you customer service processes, essentially helping you source, stock, sell and service better. ERP as we know it today, still supports the business optimisation function but has become much more than that. It has almost become a non-negotiable these days as many businesses can’t manage without it.
Managing a company’s payroll and a few basic HR needs, shouldn’t be a nightmare. It’s time to ditch the paper, streamline processes and go digital.
Adopting a web-based payroll system that includes basic HR functionality is not only the smart choice, but a secure and cost-effective choice as well. Here are four reasons why companies have made the shift;
Transformation starts when we take action. It stands for change and goes way beyond just products and services… It revolutionises your offering and empowers businesses and people.
Bad stock management or a lack of control over your stock can cause some serious damage. Stock control is an essential part of any business and should be top of mind as far as priorities go. Managing stock can often feel like a daunting task as it is crucial to have the right amount of stock at the right time. And even more so when it is at peak times like over the holidays or festive periods.
Businesses have been talking about cloud at the back-end of their ERP or business management software solutions for some time now. It has not only become a popular option to ensure the use of leading edge technology but many businesses consider it a ‘must have’ compared to the traditional on premise solutions. If on-premise solutions are still the way to go for your business, it’s still better than no ERP system but make sure you consider the hosted route in future. Cloud-hosted solutions are resilient, secure, and a cost-effective alternative to on-premise ERP systems.
Cloud-based ERP (Enterprise Resource Planning) solutions are fast becoming the backbone of most businesses. This is especially true if you are planning for the long haul and are looking to stay relevant and at the leading edge, given a tough economy and fierce competition. Cloud ERP has many benefits such as increased performance, flexibility, easy scalability and efficient and secure business processes, to name a few. It’s easy to see why more and more businesses are turning to cloud-based solutions.
Take a look at more detail regarding the benefits of cloud-ERP:
With the New Year already in full swing, we may not have all our ducks in a row just yet. It is not too late though. There is still time to ask the tough questions about what you can do better in the year that lies ahead, assess what sets your business apart from your competitors or how you are setting your business up for success in 2020. Many businesses will consider these questions, potentially adjust their existing processes or perhaps review costs, whereas others might look at investing in new accounting and business management software solutions such as an ERP system.
Future-proof your retail business with a top-class high-quality ERP solution that keeps your operations integrated, well-organised, efficient and transparent. Here is some key functionality you should rely on to remain competitive in 2020 and beyond.