WBSRocks: Business Growth with ERP and Digital Transformation Sam Gupta

Cloud ERP systems vary widely, ranging from those concealing outdated backends as cloud-based solutions to more extreme cases that utilize on-premises code bases in data centers, merely claiming a 'web link' qualifies as the cloud. To unravel this complexity, it's essential to comprehend the diverse layers and factors that constitute the cloud, considering both technical and financial aspects. In simpler terms, envision it as leasing versus owning. Yet, akin to leasing, various cloud business...

Mom-and-pop businesses have a mindset that if they are able to manage the books, then they are good. But to build a scalable business, you need to implement the FP&A process sooner rather than later. The FP&A process can help with the forward-looking statements and planning the cash flow. It might also help identify the red flags from the perspective of an investor, whether you want to raise capital, acquire a leveraged company, or sell the company.In today's episode, our guest, Chris...

While 2023 proved challenging for retailers, the positive aspect is that it didn't turn out as bleak as anticipated. The forecast for 2024 is still unclear, but there is optimism for a recovery. With restored economic confidence, retailers are ready to channel accumulated funds into postponed digital transformation trends in the retail sector. Artificial intelligence is expected to play a crucial role in shaping numerous digital transformation trends in retail during 2024.In this episode, our...

The assertion of a data platform serving as an ERP is not new. Many companies grapple with discerning the disparity between the two. The distinction is further muddled as data platforms become software-defined, emulating ERP functions. While data platforms traditionally reside in the architecture atop the transactional layer, their role should be confined to study, analysis, simulations, and providing recommendations. They are by no means a substitute for operational systems. So, how does Pal...

Specialized ERP systems tailored for the pharmaceutical industry surpass generic alternatives, ensuring shorter implementation times and increased success rates. Relying on ad-hoc arrangements can lead to unforeseen challenges, making pre-baked capabilities within the system's data model crucial for preventing issues with version upgrades. Evaluating ERP systems for pharmaceutical needs requires not just technical expertise but a deeper understanding of compliance, including NDC codes, managi...

The medical device industry's unique challenges demand specialized ERP solutions, spanning consumable items and large CapEx equipment segments. Processes and regulations vary based on diagnostic or surgical use, complicating the ERP landscape. The sector faces increased scrutiny, making systems supporting comprehensive reporting imperative to minimize administrative overhead. Key features include electronic signatures, device history records, and validation requirements specific to medical de...