How Transferable is Your “Travel Knowledge”?

What would you do if one of your talented employees should win the lottery and leave their job? Well, the odds of an employee winning the lottery may be slim, but the reality is that when any employee leaves the office, they often take what we like to call “travel knowledge”. They may have elaborate[…]

The Problem With Spreadsheets, Part 4: Tracking Budgets

It’s one thing to have a budget for your department or a customer project, but it’s another thing to actually follow it. Of course, you need to hit certain financial goals and deliver a product according to what you quoted, but how well can you follow a budget using a spreadsheet? Not very well indeed.[…]

The Problem With Spreadsheets, Part 3: Finding Meaning

Spreadsheets can be handy for collecting little bits of data and turning data into colorful charts. However, even with dozens of spreadsheets and charts, it could take hours or days before you can find an accurate depiction of your financial health. You can squeeze a lot of data into the neatly organized rows and columns[…]

The Problem With Spreadsheets, Part 2: Where Did We Go Wrong?

It’s easy to dot the “i” and cross the “t”, but not always as easy to remember to carry the one when working on a mathematical formula in spreadsheets. You often don’t see the formulas when scanning through pages and pages of financial figures. Then, as cells are connected to other cells on additional spreadsheets,[…]

The Problem With Spreadsheets, Part 1: Basic Math

You would be hard-pressed to find an office that doesn’t use spreadsheets to collect and share important data. In this 4-part blog series, we explore several of the biggest problems with relying on spreadsheets, starting with the problem of basic math. According to an article posted on MSN Money, 88% of spreadsheets have errors in[…]

Data Rich, Information Poor

You can have all the business data in the world, but unless you know how to use it, your data can be useless.  Each day your business generates volumes of data that you need to make successful decisions and drive growth.  However, getting accurate data and making sense of it can be tricky.  That is[…]

What’s Your Flavor? Specialty Software vs. Enterprise Resource Planning Solutions

Your business is made up of distinct departments, such as accounting, manufacturing or distribution, inventory, shipping, marketing, and other activities.  Do you get individual, specialty software for each department or does an enterprise resource planning (ERP) solution suit your business needs better? I can see how that can be a tough question to answer, but[…]

ERP is Deployed – Now What?

After implementing an enterprise resource planning (ERP) solution, you can sit back and watch the business solution do all the work, right?  Maybe you can take a long weekend to relax, but, no, you still have work to do.  Besides training your employees to use the software, you also need to make sure it’s working,[…]

Should You Hire More People or Upgrade Your Technology?

All businesses need talented, reliable employees to perform the tasks necessary to run a successful business.  In addition, businesses have various business management technologies that are used to aid the employees with their tasks.  If you are facing a decision to hire more employees, consider whether you really need people or if it’s time to[…]

Untangle Your Hairball of Data

Many years ago, there used to be only a few, very expensive choices for comprehensive enterprise resource planning (ERP) business management software.  Most businesses couldn’t afford to implement these pioneering applications, nor did they have the time for the often lengthy deployment and training phase.  As a result, specialty software programs became popular, which created[…]