Industry innovations like <\/span>cloud computing<\/span><\/a>, artificial intelligence, machine learning and mobile devices have led to the development of more advanced and diverse Enterprise Resource Planning (ERP) solutions.<\/span>\u00a0<\/span><\/p>\n And the global ERP software market is booming, with a forecasted <\/span>value<\/span><\/a> of USD $66.38 billion by 2026 and $71.34 billion by <\/span>2030<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n In turn, businesses are becoming savvier around how to realise a faster time-to-value for their digital transformation technology investment.<\/span>\u00a0<\/span><\/p>\n They are recognising the advantages of partnering with an ERP consultant to help them navigate the risks and challenges across the phases of an ERP purchase journey to maximise ERP benefits.\u00a0<\/span>\u00a0<\/span><\/p>\n And they are driving higher standards and expectations from an ERP implementation partner at specific purchase journey phases.<\/span>\u00a0<\/span><\/p>\n Companies are looking for an ERP implementation partner that doesn\u2019t just deliver on the technology itself.\u00a0<\/span>\u00a0<\/span><\/p>\n ERP implementation partners<\/span><\/a> bridge the gap between the ERP vendor’s software and the customer\u2019s specific needs. They work closely with a customer to understand their unique business requirements and ensure a successful ERP deployment.\u00a0<\/span>\u00a0<\/span><\/p>\n There is a strong demand for a partner that understands at what stage their support is needed the most and has the expertise to handle the complexities of the most challenging stages in the ERP purchase journey.<\/span>\u00a0<\/span><\/p>\n The 2022 Epicor Industry Insights Report<\/span>\u00a0took a deep look into what customers really wanted from their ERP partner.\u00a0<\/span>\u00a0<\/span><\/p>\n More than 1,350 ERP users in the U.S., U.K., Australia, and New Zealand were surveyed and close to 50% of the respondents indicated more support was needed during the latter stages of the ERP implementation journey.<\/span>\u00a0<\/span><\/p>\n The report found companies needed an ERP implementation partner to collaborate more strongly during the system configuration, data migration, training, testing, go-live, and the post-implementation support stages. Most importantly, companies expected:<\/span>\u00a0<\/span><\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2023\/10\/Streamline-ERP-Implementation-with-an-Experienced-Partner-.png” alt=”Harness the Value of Large and Complex Datasets” title_text=”Streamline ERP Implementation with an Experienced Partner” _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Text” _builder_version=”4.20.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”0px||||false|false” global_colors_info=”{}”]<\/p>\n The final steps and activities of an <\/span>ERP system implementation<\/span><\/a> typically occur after the ERP solution has been selected, the contract has been negotiated, and the initial planning phase has been completed.\u00a0<\/span>\u00a0<\/span><\/p>\n An ERP implementation partner will typically have a significant role in the following complex tasks, change management, and optimisation efforts:<\/span><\/p>\n Having access to expert support ensures a smooth transition, successful adoption, and ongoing improvement in ERP system usage, ultimately leading to better business outcomes and ROI.<\/span>\u00a0<\/span><\/p>\n <\/span><\/p>\n Find out why <\/span>Precise Business Solutions<\/span><\/a> has\u202fbeen recognised in the global marketplace as a leading provider and implementation partner of Epicor Kinetic ERP software solutions.\u00a0<\/span>\u00a0<\/span><\/p>\n <\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.27.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” min_height=”94px” custom_margin=”-35px|||||” global_colors_info=”{}”]<\/p>\n Book a Discovery Call<\/a>\u00a0with our ERP expert in the Benelux region to learn more about how an ERP system can transform your business.<\/p>\n Subscribe to our LinkedIn Newsletter<\/a>\u00a0and get alerts when we post about topics that matter to you.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Businesses are becoming savvier around how to realise a faster time-to-value for their digital transformation technology investment. They are recognising the advantages of partnering with an ERP consultant to help them navigate the risks and challenges across the phases of an ERP purchase and implementation journey (and beyond) to maximise ERP benefits. <\/p>\n","protected":false},"author":412,"featured_media":32963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":" Thirty-five days. Just over one month. That's all the time you have to submit the first aged care provider Quarterly Financial Report (QFR) after\u00a0the end of the July-September quarter.\u00a0<\/span><\/p>\r\n It might seem like a long lead time, but extracting and compiling data across many different business areas is time-consuming - especially if you don't have a single source of truth to tap into or a system that connects all business processes and enables automatic extraction of relevant data.<\/p>\r\n Instead, what lies ahead is hours and hours of manual data collection. You will need to check and double-check for human error. You will need to gather in-depth information from HR, Payroll, Operations, Governance, Facilities and Asset Management, IT, Food and Nutrition Services, and Finance. You will need to sift through reams of spreadsheets to extract the information you need. The thought of it is mind-boggling.<\/p>\r\n Your current processes only add to the complexity. They don't allow you to capture all the information required to meet stringent accountability, reporting, and record-keeping obligations, let alone the quality of care compliances tied to funding.<\/p>\r\n You've got 35 days, but you've done the math, and your quarterly reporting requirement could take four weeks to compile. To make matters worse, you are already operating with limited staff resources, and the extra admin work introduced following the Aged Care Reform<\/a> has left you struggling with the new pressures.<\/p>\r\n The future is overwhelming. Once this reporting period is finished, there's little time before the entire process is repeated. There is, however, a silver lining.<\/p>\r\n The data-gathering process will reveal a goldmine of information you can use to shape a business case for investing in improvement measures. An easier approach is needed - there's no denying it - and you've decided an ERP software system could be the answer. The right ERP<\/a> will equip your organisation with the tools needed to produce compliance reporting, pull together reporting data, and increase productivity and efficiency. All this equates to significant time and money savings.<\/p>\r\n A single source of truth is not a pipedream. It can be a reality. Here's why the new Aged Care QFR doesn't have to be a taxing time.<\/p>\r\n <\/p>\r\n The QFR has five distinct sections:<\/a><\/p>\r\n Residential aged care providers must submit four of the five sections, including the viability and prudential compliance questions, quarterly financial statements, residential care labour cost and hours reporting, and quarterly food and nutrition report.<\/p>\r\n Home care service providers must complete three of the five sections, including viability and prudential compliance questions, quarterly financial statements, and home care labour cost and hours reporting.<\/p>\r\n How difficult and time-consuming the reporting process is will depend on several factors, one being how you store your information. If you data is not stored in a unified systems, or can be easily extracted and consolidated into a central data store, you will have to invest more resources into your QFR process.<\/p>\r\n For example, you may have to draw from several source pools, including your CRM, payroll and accounting software, project management tools, and human capital management. If you can't easily navigate these tools yourself, you'll need to speak with various area managers and wait for them to response with the correct data.<\/p>\r\n From there, you'll need to collate the data, read through the information, identify relevant insights, and manipulate the data into spreadsheets. then, you'll need to double-check that you've entered everything error-free and that your formula's are working as they should be. Finally, you can submit the information to the department's online portal.<\/p>\r\n All government-funded aged care service providers must meet the Aged Care Quality Standards.<\/a> The QFR is one aspect of ensuring your organisation meets these stringent regulations. Even if human error is to blame, failing to provide accurate information can have far-reaching consequences, including:<\/p>\r\n Many of our prospective customers have shared business inefficiencies, challenges, and pain points with us, all of which have impacted their ability to generate accurate QFR's. So as you undertake your reporting tasks keep an eye out for the following. These are tell-tale signs your organisation is in need of a systems refresh.<\/p>\r\n The above pain points are all too familiar and investing in a system transformation is the only way to change things. If you feel compelled to present a strong business case highlighting the time and cost savings an ERP could deliver, here are three tips to sharpen your business case and secure buy-in for change:<\/p>\r\n Need help formulating your business case for a new ERP system? We can help.<\/p>\r\n Precise Business Solutions have extensive aged care industry-specific experience and purpose-built software to meet your unique requirements. We can help you find which parts of your organisation that are starting to hinder your efforts to grow. In a one-to-two hours hands-on workshop, we can help you uncover the root cause of your critical business challenges and lay the groundwork for project success. The best bit? It's absolutely FREE of charge.<\/p>\r\nWhy use an ERP Implementation Partner?<\/span><\/b>\u00a0<\/span><\/h2>\n
What Businesses Want from an ERP Implementation Partner<\/span><\/b><\/h2>\n
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ERP System Implementation \u2013 Latter Stage Key Activities<\/span><\/b>\u00a0<\/span><\/h2>\n
ERP System Configuration:<\/strong><\/h4>\n
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Data Migration:<\/span><\/b><\/h4>\n
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User Training:<\/span><\/b><\/h4>\n
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Testing and Quality Assurance:<\/span><\/b><\/h4>\n
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Go-Live Preparation:<\/span><\/b><\/h4>\n
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Go-Live and Deployment:<\/span><\/b><\/h4>\n
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Post-Implementation Support:<\/span><\/b><\/h4>\n
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Continuous Improvement and Optimisation:<\/span><\/b><\/h4>\n
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Interested to Know More?<\/span><\/b>\u00a0<\/span><\/h2>\n
Inspired to Act?<\/strong><\/h2>\n
![\"\"](\"https:\/\/precisebusiness.com\/wp-content\/uploads\/2022\/08\/QFR-deparmental-requirements-.png\")
<\/a><\/p>\r\nWhat Information is Needed for Quarterly Financial Reporting?\u00a0\u00a0<\/strong><\/h2>\r\n
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How Difficult is it to Produce and Submit the Required Reports Manually?\u00a0<\/strong><\/h2>\r\n
What are the Risks of Reporting Manually?\u00a0<\/strong><\/h2>\r\n
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Take Note if you Experience These Manual Reporting Pain Points\u00a0<\/strong><\/h2>\r\n
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Three Tips to Improve Your Business Case for a Transformation\u00a0<\/strong><\/h2>\r\n
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Start Building Your Business Case to Drive Change Today\u00a0<\/strong>\u00a0<\/strong><\/h2>\r\n