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/ Categories: Services News, Upgrade & Implementation, Integrations & Enhancements, Infor ERP Utilization Review, ERP Utilization Review & Process Improvement Consulting, Support, Training & Workshops, Consulting

It’s mid-January and IT’S GO TIME!

Infor LX | BPCS | Infor LN | Baan

The calendar is fresh, the resolutions are made and the opportunities are endless!

So, it is time to dive right in and start tackling your to-do’s?

Right?

Not just yet!

First, you need to take the time to think about your ERP strategy.

What’s an ERP strategy?

-------------------------------------

ERP strategy is a guideline for the steps you should take before, during, and after an ERP implementation. They are the steps recommended to ensure proper functionality and ultimate success with an ERP system… the system you RELY on to help you run your business.

Think of it this way: Before you take a long road trip, you might do some planning….which cities do I want to visit? What hotels are available? What sites look interesting? Without planning, you’re just winging it. While “winging it” might turn out great, it also might turn out horribly.

A horrible road trip isn’t the end of the world, but a horrible ERP strategy could be. What if you never took the time to evaluate your ERP system and determine how well it is or isn’t matching up with your company’s growth strategy? What if your employees really didn’t understand why they were using certain features, or how best to use them…they just (somehow) got the required transactions in…never sure if they were even processed correctly or completely? What if you never investigated new features in the ERP, or ways that processes could be streamlined which might save significant amounts of manual effort and money?

Whether the next steps in your ERP strategy involve a major ERP upgrade, new integrations, or gaining efficiencies with the system you have in place today, there are always things that can be done to improve. 

Crossroads RMC can:

  • Provide assistance with implementing new functionality in your existing ERP version.
  • Lead the charge to help you upgrade your ERP to the latest version available.
  • Train new employees, or retrain existing employees based on best practices.
  • Automate some of your most time-consuming, manual processes.
  • Integrate your systems so that everything communicates with your ERP and functions as one cohesive system.
  • Deliver ERP add-on solutions that can save your company a significant amount of time and money.

Crossroads RMC offers a FULL spectrum of consulting services and software to assist manufacturers on the path of optimization, by reducing operating costs, improving quality, and increasing manufacturing efficiencies.

Learn More:

Infor LX Services>
BPCS Services>
Infor LX & BPCS Software>

Infor LN Services>
Baan Services>
Infor LN & Baan Software>


IT'S GO TIME!

Contact us today to discuss your ERP strategy and how Crossroads RMC can help you make 2022 a rousing success for your business! 

solutions@crossroadsrmc.com  | 800.762.2077

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Tips:  LX | BPCS | M3

I'm reposting this checklist for things to consider in order to finish out the current year, and plan for next year…

  • Are your accounting records up to date so you can make a projection of how the current year will turn out?
  • Are all account reconciliations up to date to facilitate the closing of the books after year end?
  • Are there accounts receivable that should be reserved for or written off prior to the end of the year?
  • If your business carries inventory, do you need to plan a physical count as of the end of the year?
  • Has depreciation on your fixed assets been recorded during the year? Have you considered depreciation on current year additions?
  • Have all new asset purchases and bank loans been recorded on your books?
  • Are there any liabilities, for example, pending legal actions or warranty issues, which will need to be recorded prior to year end? 
  • Do you have a plan in place to properly “cut-off” revenue at year-end to properly match revenue and expense?
  • Will there be bonuses, profit sharing contributions or discretionary retirement plan contributions paid prior to the end of the year? How will these payments affect cash flow?
  • Will you be in compliance with your bank covenants at year end?
  • Do you need to make arrangements to receive statements as of the end of the year for cash value of life insurance, loan balances, etc.?

Optimize Your Manufacturing Today!

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Key Performance Indicators measure how effectively your performance objectives are being achieved.

  • Have you defined KPIs for your company?
  • Are you measuring them effectively?
  • Is everyone in your company aware of what the KPIs are?

If you haven’t already done so, consider tying personal performance objectives directly to the company’s performance objectives. Doing so can greatly increase the likelihood that the company’s goals will be met.

Optimize Your Manufacturing Today!

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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