The ERPodcast

Gene Hammons

4.3 (6)
BUSINESS NEWS

Regardless if your company is considering Oracle, SAP, NetSuite, Microsoft Dynamics or any of a hundred other ERP or related software products, Profit From ERP is where you go to make your efforts pay off. A national practice run by veterans of nearly 400 ERP projects helps client companies adopt the best practices for planning, selection, implementation and ultimately profiting from software improvements. www.ProfitFromERP.com

APR 15

Episode 32 – What’s the Best ERP

It's not another Top Ten ERP list, not a Top Five, not a shootout or comparison, but the Best ERP for Your Business.
12/18/2023

Episode 31 – SuiteWorld 2023

E31 SuiteWorld 2023 Timestamp Subject 5:36 Sponsored by Acura MDX 15:45 Apple Never Introduced a Category Killer 20:15 NetSuite Keynote Coverage 22:43 The Hype that is AI 26:01:00 Suite Up 31:30:00 NetSuite New Releases 35:08:00 AI Becomes Real 38:00:00 Peak Outliers in ERP Marketing 42:00:00 Importance of ERP Development Links of note Keynote SuiteWorld 2023 Evan Goldberg, CEO Details on New NetSuite offerings, Gary Wiessinger's Keynote Global Smartphone Market Share PFE Open/PFE MFX up and Under October 2023. NetSuite is hosting SuiteWorld, the annual gathering of users, partners, developers, consultants, and anyone else affiliated with the NetSuite universe. It’s been a busy year in ERP in general, NetSuite in particular. There are now over 37,000 companies running on NetSuite – phenomenal growth. Around 2019? They had just broken the 18,000 companies on NetSuite mark – so the user community has doubled in 4 years, or 3 years plus a Covid timeout. Anyway – SuiteWorld attendance is critically important for top performing NetSuite-using Companies. Even more important for companies not yet using NetSuite. Why is that you ask? Why would you go to a users conference if you’re not a user. Here’s the story. New to ERP, clients are looking at ERP, considering which ones to select. User conferences in general are a great idea. I mean, everyone wants references – demos are really great, but not great reality. You want to see real-life examples. Well, there’s about 3,000 users at NetSuite you could talk to. Does NetSuite really work as advertised? You’re going to see lots of companies, who, at one time were exactly where you are. How does this work? And the answer is two-fold – it doesn’t work like you think it would, and two, if you follow the process, just like these 3,000 folks did, you too will get there. Is it worth it? The majority of the folks at SuiteWorld will tell you they wished they’d started sooner. The rest got into NetSuite as a startup – mostly because they’d used it at a former employer already. Another critical thing we’ve learned from past clients. About a third of ERP failures can be attributed to implementation fatigue – and we’re talking the entire system up and running but features they expected and wanted, well, doesn’t really work. Truth is, It gets hard at the very end of an implementation and it’s been a long haul to get there, and the internal team often quits at the 5 yard line – says something like ‘well, the software really doesn’t work like it did in the demos’. When the issue is, yes, it does work, but not the way YOU’RE trying to do it. So having the opportunity to actually see the intended functionality working for other companies – your internal team will realize that yes, we can do this if they did it – there is a way.
10/20/2023

ERPodcast goes to CFO Leadership West 2023

E30 CFO Leadership Conference West 2023 E30 CFO Leadership Conference West 2023 ERPodcast Episode 30.2 Intro MFX This week in ERP….(or at least my week in ERP) Hey Folks – Gene Hammons, Director of ProfitFromERP with Episode 30 of the ERPodcast… Interesting week however you look at it - locally, here in AZ, Tempe to be specific, the CFO Leadership Council held CFO Leadership Conference West 2023 - thanks to my friends at Oracle NetSuite and Avalera (the tax guys) they were able to sneak me into the Networking Event held poolside at one of the local mountainside Marriott Resorts. And fortunately, fall came to the desert three days prior to the event and it was a great evening under the stars. A week earlier and it would have been 103 degrees with the smell of roasted CFO’s wafting across the desert. Got to talk to a lot of different CFO’s from lots of different companies all across the country. I’d say attendance was in the 200-400 range, but that’s a guess on my part. A lot of the sessions were on technology for finance, using automation in driving better data and how data driven organizations had clearer and faster reads on how their specific company was performing in a wildly fluctuating market. It goes without saying that we’re dealing with challenging market conditions these days. Makes me wonder if it goes without saying, why do I keep saying it. We’re beginning to see real functionality with AI in finance software – more on that next week – Many CFO’s report their staff spending more time on accuracy than analysis, and the focus here was using automation to drive the accuracy, AI to report anomalies and staff can concentrate on analysis to provide real service to the rest of the organization. Many of the CFO’s were with companies already using NetSuite - and the new numbers are out, NetSuite is now over 37,000 companies using the Suite. I remember 2019, not that long ago, when they were ecstatic at breaking the 18,000 companies mark. The conventional wisdom at the time was NetSuite had seen 30% growth year after year but driving 30% increases of a 10k customer base is a lot easier to achieve than pulling off 30% growth on a base of 18,000 customers - so surely there was a ceiling coming soon. Execpt it didn’t….and here’s a few reasons why The Oracle Boost – I don’t know if you know the NetSuite history, initially, Larry Ellison Oracle Founder and CEO, provided once Oracle employee now NetSuite Founder CEO Evan Goldberg with initial funding to start a cloud based business software – so Larry owned a good deal of the stock in NetSuite. Oracle, for reasons we’ll cover other places, wasn’t a big player in cloud technology, but as NetSuite grew, Oracle could shortcut it’s way into cloud technology by acquiring NetSuite – which turned out to be really great in many areas. Going Global 2019 I also was at a NetSuite Suite Success Training in Denver . We heard that Oracle, was driving huge development dollars into the NetSuite platform. I first saw NetSuite really take off in our customer base around 2014, back then, NetSuite was a US market product. As I met my fellow Suite Success team members in Denver, I met other students from Japan, Indonesia, Australia, Ireland, London, Paris, Germany, Thailand-I think, India, Sri Lanka - and that’s the ones I remember. That kind of illustrated the global impact NetSuite was starting to have in foreign ERP providers and global markets with Oracle-backed development rolling out NetSuite versions specific to other countries, localized to tax and legal issues of those particular markets - that was part of the new development Oracle was providing - driving new markets globally, so NetSuite could replicate the tremendous success they’ve had stateside and start serving a worldwide market. And that’s just some of the huge expansion of NetSuite capabilities and functionalites
08/30/2023

ERPodcast Episode 29 The Perfect Time for ERP

ERPodcast Episode 29 The Perfect Time for ERP MFX/Intro Welcome to the ERPodcast Episode #29 – The Perfect Time for ERP – that’s the title and theme of today’s examination of just that - when should a growing company undertake an ERP project? And it’s not a simple question. Any ERP project is massive, whether you’re a $12m annual revenue company going from Quickbooks to Sage Intacct or a $200m company replacing DynamicsGP with a new cloud-based ERP. ERP is an intensive project, needs a ‘all hands on deck’ approach and the stakes are high. There’s legendary stories of Hershey’s Chocolate almost losing the company when a failed SAP effort meant they couldn’t ship product in the middle of the peak Halloween to Christmas season – not good – and there’s also scores of those types of stories from lesser known and more private companies. So when is, The Perfect Time for ERP? We’ll talk about 3 real world examples of recent ProfitFromERP clients and the drivers behind those examples. There’s also a world of opinion in the world of startups – do you do the ERP project Pre-IPO to show potential investors solid financial controls and operational efficiency? Do you wait until the next round of funding to be able to afford the higher end ERP’s with related SEC reporting tools to make sure of compliance needed by a public company? Then there’s the staffing balance – we’ll have more people on board next year so we can spread the ERP implementation workload across more resources….but if we had ERP already installed we’d need to hire fewer people for the same size operation. Here’s the conundrum – most of us don’t hire for excess capacity. It’s more like we’re not really sure of the data, it’s coming from disparate spreadsheets, running late, last minute– but the staff is working overtime and Saturdays – if we just had one more person to chase down the data… which is a good solution, but by definition, a growing company continues to grow and we keep adding one more person just to keep up, pretty soon there’s 22 desks in the business office and we’re looking for more space because everyone’s working overtime and Saturdays. Putting things off til some magical ‘some day’ only gets us from complexity to mass complexity. Then one day we wake up and we realize ‘WOW - it would have been a lot easier to implement ERP when the business was simpler and we could have managed growth in a lot more systematic method’. Plus, instead of rolling out training to 50 people all at once, we comprehensively train the first 10 and teach each onboarding employee the exact steps using the new software specifically for their job duties. And maybe even start hiring people who’ve already been using the same ERP we just implemented. So what’s The Perfect Time for ERP? Let’s look at some real-world examples. Stories of companies that took a leap at different stages and how that all turned out. I’m your host, Gene Hammons, Director of ProfitFromERP, our business consulting firm helping clients actually create Profit, From their ERP projects. Right back after this! Stinger out. Hey – a word about sponsors. Putting together the ERPodcast is a labor of love, it’s often our first introduction to new clients, we also think it’s about giving back to the community, sharing stories of real world ERP projects, how the market works, things we’ve experienced over the years and so on. . As long as there are still ERP projects that fail or have huge cost overruns or don’t do what the demo looked like it did – as long as there’s a bad project out there, we’ll keep pushing out the know-how to avoid those situations But – running a growing company ProfitFromERP – just like any other emerging company, there’s a lot to do. Time is critical. And if we’re going to allocate the time to the ERPodcast – well, we need to do it as more than a net loss leader – s
11/09/2021

Episode 28 Certainty in an Uncertain World

It's Crazy Out There! We can't control the outside world, but as Uncertainty reigns externally, Business Equilibrium results when we create better data certainty within our businesses. See how other leading companies have managed the raging seas of uncertainty in the boat of Cloud ERP ERPodcast - Ranked #3 in Top 15 ERP Podcasts! Recently - Feedspot.com a digital content aggregator assymbled a Top 15 ERP podcasts list - and the ERPodcast came in at #3 - Unfortunately, we dropped in the recent rankings and today's episode contains the original recording we posted on LinkedIn when the original rankings came out - apologies for any confusion! About today's ERPodcast MIsaligned incentives - budget shortfalls - tight implementation timelines - How do you conquer the most common pitfalls leading to a failed ERP implementation? The ProfitFromERP methodology bakes in best practices so you end up watching company goals and, like we say, ProfitFromERP, our clients make ERP PAY! E28c ERPodcast - Certainty in an Uncertain World MFX up and under (but louder than last time) It’s the ERPodcast Episode 28 – The official podcast of ProfitFromERP.com and I’m the Director, Gene Hammons, Over the past 18 months, we’ve helped about a dozen companies get through challenges we never thought any of us would face. If you’ve listened to earlier ERPodcast Episodes, you know what a huge advantage digital companies had dealing with a world gone virtual. The #1 Issue? Uncertainty. The country, the workforce, supply chains, inflation, is covid up or down? Opening up or locking down? - - There’s a world of uncertainty out there - - - if we’re going to maintain the right business equilibrium we need to create more certainty within the four walls of our businesses. We can’t control outside uncertainties but we can surely affect the internal workings That’s Our ability to respond. That’s response – ability – and here’s how some of our clients define business responsibility today. One big uncertainty is in today’s workforce. How do we deal with the changes, what are the technology issues that can even stop top talent from joining your firm? So let’s talk about how can technology help us get more done with the fewer people we actually do have on staff We’ll examine that. Supply Chain issues? Overseas shipments are bringing back the old phrase Slow Boat from China – which many of you didn’t even know was a phrase – tech can’t help get your boat unloaded. But we can use demand planning to anticipate shortages long before your ship is just offshore with the parts, raw materials and goods your customers are already waiting for – never mind the trucking Creating certainty in an uncertain world comes down to the Information in Information Technology – just in case you forgot what IT stood for. Is your information good enough, timely enough, informative enough?
02/23/2021

E27 What They Don't Tell You About ERP

What don't they tell you about ERP? Unaligned incentives, unseen success factors, the things you don't know you can't control. But success is possible - yes, even ProfitFromERP
01/19/2021

E26 – CEO/CFO Report 2021

It’s the CEO/CFO Report 2021 - on the Top 10 Top 10 Lists for 2021. Two things – one, as you may know, when we do a CEO/CFO Report we topload the info – listen to the first 90 seconds of the podcast and you’ll be exposed to all content – with the detail to follow. Also, as a busy C-level exec, you can find links on the ProfitFromERP website to learn more. And secondly, saving you even more time, every year end and the start of every new year, you get lists - Top 10 things that happened, Top 10 Trends for the new year…– so we’ve waded through all of the year end/year start lists and pulled out the best when it comes to business, business software, business efficiency, business productivity – we read through it all so you don’t have to - the best information when it comes to ProfitFromERP.
11/25/2020

E25 - Nice Link Home Furnishings Part Two

E25 – Nice Link Part Two Jay Carlson Believe it or not, it’s Episode 25 of the ERPodcast MFX up and under Today’s episode is Part Two of our conversation with Jay Carlson, President of Nice Link Home Furnishings – if you caught Episode 24 you’ll remember Nice Link implemented and launched Acumatica, the Cloud ERP in June, right in the middle of a certain pandemic you may have heard something about – and as is with all ERP, especially critical during times of market disruption, Nice Link automated, so they didn’t need so much labor and so many spreadsheets. The connected digitally with their customers, so they’re taking sales orders that someone else is paying to input instead of hiring more folks internally. They got control over 7 national warehouses with a pretty complex sales model. They expanded eCommerce, with items appearing on other eTailers websites opening new channels and new market shares. Did all this just happen by ERP magic, No – it’s hard work and you need help from implementation partners such as Nice Link’s go-to, a firm called Net At Work – who if you know ERP you’ve heard of Net At Work over the years as a leading ERP implementation partner – of course ERP is something most companies pay attention to once or maybe twice every decade – but take my word for it, Net At Work is a major player – Jay will speak about them on today’s Episode. Nice Link Home Furnishings was at the right place at the right time when home furnishings kind of took off. Home offices needed refurbs when home suddenly became a full-time locale during the initial lockdown. Kids needed a space to connect to remote learning. Increased time at home, no one could spend money on travel or in some cases restaurants – so for many, disposable income went up, time at home went up – and the furniture stores were locked down too – so online they went. Wayfair had record months. We all know about Amazon. But Nice Link found themselves in Overstock.com, Macy’s, Costco and others. Is this just a story of right-place right-time in the Home Furnishings space? Answer, Yes and No. But it’s more than just home furnishings • It’s a story of ERP technology cutting overhead internal costs • It’s a story of distribution efficiencies • It’s a story of being able to instantly understand inventory across 7 US warehouses • It’s a story of becoming easier to work with for your customers • It’s a story of digital transformation • It’s a story of decreased cost and increased revenues • It’s a story for the new covidian economy. It’s a great story – so let’s join Jay Carlson, President of Nice Link Home Furnishings for Part Two of the interview – Coming up right after the break, here on the ERPodcast Insert Net At Work sponsorship 2.0 Intro to Interview in process. Ad Lib - Insert Part Two, Jay Carlson Interview Interview Notes 10:00 - When to make the move to ERP 11:30 - 11:50 - Capacity to Promise - Still learning that - growing capacity - 15:26 - one of the last things to come up - growth - 16:20 Lean Staffing not having to have 10 people in the department 16:41 - live inventory information always - needed in eCom 17:31 Two future accountant hires avoided 17:39 Net at Work - CPA level help 20:19 You can only get so far with what you had 21:36 - Selling to new retailers in new channels - value is created oppportunities not available previously 22:40 - Macy’s - line extension 24:06 - limitations of traditional software - even when future of business is up in the air 25:16 - Net at Work - flexibility and relationship good partners - ready for Costco

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4.3

out of 5

6 Ratings

Creator

Gene Hammons
Years Active

2019 - 2024
Episodes

32
Rating

Clean
Show Website

The ERPodcast

The ERPodcast

Episodes

Episode 32 – What’s the Best ERP

Episode 31 – SuiteWorld 2023

ERPodcast goes to CFO Leadership West 2023

ERPodcast Episode 29 The Perfect Time for ERP

Episode 28 Certainty in an Uncertain World

E27 What They Don't Tell You About ERP

E26 – CEO/CFO Report 2021

E25 - Nice Link Home Furnishings Part Two

Ratings & Reviews

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