Visual South Insights

Tax compliance can be a tricky and time-consuming task, especially for manufacturing businesses operating across multiple jurisdictions. Most companies in the industry have an ERP system in place that helps streamline operations and internal processes, but these solutions don't always come with robust tax compliance features. To keep your business growing and avoid common tax pitfalls, here are a few options for handling tax compliance within your ERP system:

Every manufacturer knows that managing tax compliance can be a headache—especially when you’re dealing with multiple states, countries, and ever-changing regulations. Add in managing exemption certificates, and it’s enough to slow down your business.

The benefits of training

CloudSuite Industrial (SyteLine) is a sophisticated, robust ERP solution with a full complement of functionality that provides solutions to enterprises of all sizes. ERP software depends on processes, and tools to support those processes, along with people who understand how to do their jobs. Think of the software as an airplane—even the newest, best model still needs a pilot, so training is key. A plane is no good if the person commanding it does not know how to fly it.

Early in my career, someone shared a piece of wisdom that resonates deeply: “There isn’t anything more expensive than cheap ERP.” Over time, I’ve seen the truth in this statement. The top companies view their ERP system as a strategic asset and invest accordingly. Like sophisticated equipment on the shop floor, an ERP system requires regular maintenance, training, and updates to perform at its best. Neglecting these aspects can lead to suboptimal performance and missed opportunities.

What does CPQ stand for?

The software industry has no shortage of three-letter acronyms, so let’s get right to answering the question.  CPQ stands for configure, price, quote.  More specifically, CPQ is a category of software that helps enable the business processes of configuring, pricing, and quoting a product or service.

What does it consist of?

An ERP implementation in the manufacturing industry typically consists of two companies—the company that provides implementation services and the company that procures them—working together to successfully bring the ERP implementation live.

ERP implementations need a project leader

For any project to be successful, it requires a leader, and an ERP implementation is no different.  Projects involve people who take on roles, responsibilities, tasks, and decisions. They are a true team, and everyone’s actions (or inactions) affect the team and project. The ERP Project Manager (or ERP Implementation Manager) is the leader of this team, and is ultimately responsible for the success or failure of the implementation.

On-premise vs. cloud ERP implementation

A cloud ERP implementation requires the same elements as an on-premise implementation from a methodology perspective, but not from a technical perspective. The difference lies in the level of responsibility.

How to know when ERP integrations with third-party applications are appropriate

The upside of buying enterprise resource planning (ERP) software is the economy of scale. Since it is written for the masses and not customized for one company, the cost per user plummets. For example, Microsoft Office certainly costs more to develop than the few hundred dollars it costs to license. One of the other upsides is that thousands of users create a robust community that quickly flushes out weaknesses in functionality, helping the software become stronger. The downside is that the ERP may not be totally in sync with the company’s culture, and that’s when most people start to think about ERP integrations. To give an instance, what some may call a production order, the ERP may refer to as a work order. Some of the ERP system’s screens may be laid out differently than what the company would have preferred. Or maybe the processes the software supports are not in total alignment with the company’s current processes.

Some background before we begin

The process to evaluate and choose an ERP software is not a simple task; as a matter of fact, it is a complex task. Because of the risk and cost, it’s a big decision for a company, big or small, to find and implement an ERP. I have numerous conversations with companies that are going through this selection process, and if they don’t bring up the subject of cost in our first conversation, then I do because it is so important! To help you set a realistic budget for your new ERP system, read below for a list of costs you should plan for.