Is your Digital Transformation the Christmas present you thought you wanted and got, but it sucks?

Digital transformation is one of the hottest topics when it comes to IT lately. In a recent CIO article, 7 Digital Transformation Myths, several business and IT people were interviewed, including Dan Doggendorf, VP of business operations and CIO for the Dallas Stars NHL hockey team. He says to avoid a digital transformational fail, you should take the advice author Stephen Covey has about “beginning with the end in mind. Otherwise, you’re just spending money on new cool toys. It’s the Christmas present you thought you wanted and got, but it sucks.” 

Has this ever happened to you? You were dying for a Hatchimal but were disappointed after you opened it on Christmas morning? Ok, maybe not. Or the Xbox One X…ok, that sounds pretty awesome.

The article goes on to say that a successful digital transformation can deliver significant rewards. But these common misconceptions can undermine your company’s ability to achieve desired results. These are the most common myths:

Myth No. 1: Digital transformation is an IT function

I agree that this is a myth. We recommend that our clients involve more functional and operational business units than just IT in a digital transformation. To truly transform your business, you must have buy-in from all departments.

Myth No. 2: True transformation is a blue chip’s journey

We have solutions for businesses of all sizes and find that even the smallest company can successfully transform their business with Microsoft Dynamics.

Myth No. 3: Digital transformation is about reducing the workforce

People are nervous that they will be replaced by machines with all of the machine learning and IoT that’s out there now. But, as it says in the article, I think companies are seeing the opposite: The more automation and data analytics that organizations put in place, the more human beings are needed to drive the algorithms and understand what’s happening in complex buildings or manufacturing plants.

Myth No. 4. Digital transformation is all about the technology

The article says that a digital transformation is not just all about the technology, but invest[ing] in building the right culture, and also in the transformation of the IT function, including new skills and partnering opportunities.

This is where you must think about new and better ways to delight your customers. Microsoft Dynamics 365 for Sales and Customer Service empowers sales, marketing and customer service with insights to personalize relationships, predict customer needs, and increase sales.

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Myth No. 5: Executive buy-in is a sure thing

You can’t always count on executive buy-in, and if executives are not fully on board with your project, it won’t be successful. Involve executives in digital transformation meetings from the get-go.

Myth No. 6: Digital transformation brings IT-business harmony

It’s not always harmonious when business people and IT people are in the same room. That’s what we are here to help with. SBS Group has a streamlined approach that ensures everyone is operating from the same blueprint, helping you realize business value faster.

Myth No. 7. The digital journey ends at implementation

Often companies believe go-live is when their digital transformation ends, and this simply isn’t true. Without regular check-ups, training, and re-training, there is a danger of low user adoption and a wasted IT budget. SBS Group’s E3 system integrates strategic planning, ERP and CRM, Business Intelligence and Analytics together, enabling the entire organization to create, communicate, measure and manage plans, objectives, and initiatives at the organization, team, and individual level.

I hope that you don’t fall into the trap of these digital transformation myths this holiday season. Let us know if you have a concern about any of the seven above and we can help. Join us for one of our upcoming webcasts where we talk about how Dynamics 365 can help.

Best regards,

Robbie Morrison
Chief Solution Strategist, SBS Group

About Robbie
Robbie Morrison has spent nearly 20 years helping customers build and deploy elegant technology and business solutions. From start-ups to enterprise-class organizations worldwide, his knowledge of the Microsoft Dynamics ecosystem and Robbie-2017products helps SBS Group customers maximize ROI on technology investments.

Today, Robbie serves SBS Group customers in his role as Chief Solution Strategist where he provides thought leadership and manages the development of B2B solutions. Robbie received his MBA from the University of Georgia, Terry College of Business.
https://www.linkedin.com/in/robbiemorrison

 

ASC 606 and IFRS 15: Are you Ready for New Revenue Recognition Rules?

We don’t want to add more to your to do list as things get busy around the holidays, but this is important! By now you’ve heard about the new rules governing revenue recognition for companies that will go into effect on January 1, 2018 for public companies, and January 1, 2019 for private firms. To recap, listen in to our podcast where I speak with Microsoft about the details.

ASC606 Overview

The Accounting Standard Codification 606, or ASC 606, made its debut in May 2014. It is an industry-neutral revenue recognition model designed to increase financial statement comparability among companies and industries. The objective is to decrease complexity involved with the current models for revenue recognition.

As a result, the new unit of account for revenue recognition is the obligation of a good or a service at the time it is delivered.

The Financial Accounting Standards Board (FASB), which administers Generally Accepted Accounting Principles in the U.S. (US-GAAP) has issued ASC 606, and the International Accounting Standards Board (IASB), which administers International Financial Reporting Standards (IFRS) used in most other countries, has issued IFRS 15. Both will enforce similar, fundamental changes to the revenue recognition process for any company that depends on complex contracts in their dealings with customers.

How do I know if my company will be impacted by ASC 606 and IFRS 15?

Businesses that have multiple components (e.g., product, services, warranties, etc.) in a single contract are the most impacted. If your firm permits changes to active contracts (e.g., adding a sports package to your cable TV contract), they are impacted. If the timing of when your firm pays commissions differs from when the products and services are delivered, then your firm is impacted. Cellular phone companies, software firms and many other kinds of companies will be impacted – some far more so than others.

 

 

Not Managed by Microsoft Dynamics out of the Box

Microsoft Dynamics does not manage these new standards out of the box. Companies running Dynamics GP, NAV, AX, or 365, must take all of their revenue outside ERP, process these complex calculations to figure out what they can recognize today versus what is deferred, and then bring those back in as manual journal entries. Before you start using Excel for this, consider using AXIO for Enterprise Firms, and Progressus for Small to Medium-sized Firms in addition to Microsoft Dynamics.

We wish you the best of luck with these new standards. Please let us know if you have any questions, and Happy Thanksgiving!

Best regards,

Robbie Morrison
Chief Solution Strategist, SBS Group

About Robbie
Robbie Morrison has spent nearly 20 years helping customers build and deploy elegant technology and business solutions.  From start-ups to enterprise-class organizations worldwide, his knowledge of the Microsoft Dynamics ecosystem and Robbie-2017products helps SBS Group customers maximize ROI on technology investments.

Today, Robbie serves SBS Group customers in his role as Chief Solution Strategist where he provides thought leadership and manages the development of B2B solutions.  Robbie received his MBA from the University of Georgia, Terry College of Business.
https://www.linkedin.com/in/robbiemorrison

 

Migration is Not Just for Birds: 5 Reasons to Migrate from PeopleSoft to Dynamics 365

It’s hard to believe that it has been 14 years since Oracle acquired PeopleSoft. Since then, PeopleSoft customers made the choice to stay with Oracle or move to a competing cloud alternative – but some companies are still using PeopleSoft. Are you one of them?

Support Until 2020

The support extension provided by Oracle through 2020 cannot hide the fact that PeopleSoft is mainly based on an architecture developed a couple of decades ago. The majority of PeopleSoft customers will have to determine whether they are well served by a product whose data design harks back to the mainframe.

Sticky ERP

Why do companies stick with PeopleSoft or other legacy products? That’s a good question. It may be because enterprise software is particularly sticky. Companies don’t change their ERP systems because the number of enterprise users are in the thousands, requirements are complex, implementation takes longer and costs are much higher. Therefore, expecting hundreds of large global companies to switch overnight to a new ERP system was never realistic. One thing is clear: doing nothing will become increasingly costly and will adversely affect your business.

Oracle Difficult to Implement

PeopleSoft customers can migrate to an Oracle product, and there is a popular misconception that it’s easy for PeopleSoft customers to migrate, but it’s simply not true. PeopleSoft and Oracle are based on radically different architectures and deployment models, and implementation can be costly and time-consuming.

Five Reasons PeopleSoft Customers Should Migrate to Microsoft Dynamics 365

  1. Easy to Use and Maintain

    Microsoft Dynamics 365 for Finance and Operations, Enterprise, (formerly Microsoft Dynamics AX),  offers a rich array of functionality to serve the needs of a wide variety of enterprise companies in a variety of industries. Built using industry-standard tools and database, Microsoft Dynamics 365 is easy to implement and maintain.

  2. Price and Total Cost of Ownership

    PeopleSoft is costly to maintain. Microsoft Dynamics 365 is less expensive for initial licensing, implementation, and on-going maintenance. It is a better value proposition overall, and chances are it integrates with a lot of your other existing systems.

  3. Increased Productivity

    Dynamics 365 is designed to work like Excel and Outlook. With the vast array of open database tools from Microsoft and a host of other sources, Microsoft Dynamics 365 data can be readily queried, mined, extracted and interfaced with analytical applications, trading partner systems, third party applications, and productivity tools.

    The Microsoft Dynamics 365 user interface is role-based, meaning each user has a home screen that is tailored to provide easy access to the activities and functions that they use every day – boosting productivity.

  4. Cloud Services

    Microsoft Dynamics 365 allows you to take advantage of cloud services, scale globally, run agile operations and connect employees by enabling real-time access to insights on any device.

  5. You’ll love the Human Capital Management

    Fans of PeopleSoft love it’s human capital management (HCM) capabilities. Well, I’m here to tell you that the HCM functionality within Dynamics 365 is stellar, and getting better all of the time. Dynamics 365 for Talent enables exceptional experiences across employee attraction, engagement, development, and retention.

The time is now to migrate to a less expensive, easy to use system that will have your users singing its praises. Let me know if you have any questions about a migration to Microsoft Dynamics 365 from PeopleSoft or another legacy product.

Best regards,

Robbie Morrison
Chief Solution Strategist, SBS Group

About Robbie
Robbie Morrison has spent nearly 20 years helping customers build and deploy elegant technology and business solutions.  From start-ups to enterprise-class organizations worldwide, his knowledge of the Microsoft Dynamics ecosystem and Robbie-2017products helps SBS Group customers maximize ROI on technology investments.

Today, Robbie serves SBS Group customers in his role as Chief Solution Strategist where he provides thought leadership and manages the development of B2B solutions.  Robbie received his MBA from the University of Georgia, Terry College of Business.
https://www.linkedin.com/in/robbiemorrison

Is the Cloud Right for You? Find Out with a Complimentary Cloud Assessment

You may be wondering if it’s time to move Microsoft Dynamics and other legacy systems to the cloud, and it’s a great question many business leaders are pondering at this very moment. Choosing the cloud over on-premises systems introduces many questions and the process can be overwhelming. Making a knee-jerk decision about your cloud options can lead to costly mistakes as noted in the infographic, 3 Painful Mistakes to Avoid When Moving Dynamics to the Cloud.

Make Decisions That Nurture Your Business, Not Hinder It

Business technology is advancing at a remarkable rate and the cloud offers so much promise for many businesses. Cloud solutions are in the headlines and on the minds of business leaders in nearly every industry. You have probably heard from vendors, suppliers or others within your own network that are considering moving legacy systems to the cloud. While there are plenty of success stories, there are also plenty of costly blunders.

Moving Dynamics to the cloud isn’t the right solution for every business. Just because the cloud worked for a vendor or colleague, doesn’t mean your company should take the same path. Choosing just any cloud package, rushing to make the move or making sweeping decisions could lead to costly mistakes. Make the decisions that will nurture your business, not hinder it.

Take A Closer Look at Your Cloud Options (and Business)

Moving Microsoft Dynamics to the cloud can be an overwhelming decision to make, even with a skilled IT department, and you shouldn’t make it alone. But before you look at cloud options, we want you to take a closer look at your business.

  1. Business requirements: First and foremost, outline your specific business operations, strategic plans and goals. Discuss the various departments, processes and data being generated across your organization. Document public and private data, workloads and the users of your business system.
  2. Approach: Determine whether you have private and proprietary data, customer data or other information requiring different levels of security. Do employees need mobile access or will you create secure portals to work closer with vendors, suppliers and customers? How you capture, assess and use your data will impact the cloud options you may choose to deploy or avoid.
  3. Value: Budget is always a consideration, and moving to the cloud often provides added value and reduces costs. You can alleviate many IT responsibilities and find increased overall productivity, among many benefits of moving to the cloud. Work with your cloud provider to talk through the pros and cons of moving to the cloud.
  4. IT function: Not all businesses have a skilled IT department or the time to tend to maintaining business technology. Even with experienced IT staff, you may choose to focus their attention on other business-critical technology and leave backup, security and other routine maintenance to your cloud partner.
  5. Support needs: With any change in business technology, you need to provide training and support to your employees. Training strengthens user adoption, which is necessary for a successful deployment whether on-premises or in the cloud. Ensure your cloud provider offers training and troubleshooting services.

Be Confident with Your Cloud Decision

Making the decision to move legacy systems into the cloud isn’t easy or straightforward. You must first look at your cloud options alongside business needs and goals. The process can be overwhelming, but you aren’t alone in the process.

The experts at SBS Group understand the unique licensing, support and ISV solutions within the Microsoft Dynamics 365 community. With our Stratos Cloud solutions, we know the cloud inside and out and how to provide seamless integrations and infrastructure management across multiple cloud and on-premises environments.

To get started, we invite you to take our complimentary Dynamics ERP Cloud Assessment survey and one of our cloud specialists will contact you to guide you through documenting your requirements to calculating the value and examining your support needs. Let’s work together to find the best cloud solution for your business.

3 Things You Must Know BEFORE Moving Microsoft Dynamics to the Cloud

Business management technology has made a giant leap into the cloud, including Microsoft Dynamics. Moving legacy systems to the cloud offers many advantages from time and cost savings to mobility to improved data security. However, it isn’t as straightforward as many vendors would have you believe. Before you move Dynamics to the cloud, download 3 Painful Mistakes to Avoid When Moving Dynamics to the Cloud and learn how you can avoid these 3 common, costly mistakes.

Modern business management systems are involved and require the insight and support of your skilled IT team and experienced providers. Even with Microsoft Dynamics already in place, moving to the cloud isn’t as simple as you may think. You must still carefully evaluate cloud services to ensure the cloud you choose will support your unique business needs and goals long-term. Rushing this decision can lead to any one of these mistakes:

  1. Taking the ‘standard’ cloud package: There is no cloud package that can support your exact business needs right out-of-the-box. There are many cloud providers and cloud options. From public and private clouds to hybrid cloud solutions, you need to weigh each option carefully and understand how your choices will impact your business.

Tip: Instead of taking a standard cloud package, ask an experienced cloud provider to show you the latest cloud technologies. Then, work together to choose the right cloud options for your specific business needs.

  1. Feeling pressure to decide fast: Sure, you want to boost productivity and find new ways to reduce waste while increasing profits. However, the cloud isn’t a full turnkey solution. Moving Microsoft Dynamics to the cloud must support strategic plans and business operations which is why this process takes time and deliberate planning. Don’t let promotions or unrealistic timeframes distract you from the goal at hand.

 Tip: Instead of being pressured to make quick decisions based on the latest-and-greatest technology, choose a provider that will take the time to understand your strategic goals and provide support as you begin your cloud journey. 

  1. Making across-the-board decisions: Your business generates a variety of data—some private, some proprietary and sensitive customer information. Each department, workload and dataset must to be evaluated separately. Consider compliance obligations, security measures and the ability for employees, vendors or customers that may need access to certain information.

Tip: Instead of making sweeping decisions, consider whether there are advantages to keeping certain data in a public cloud while using a private cloud for other workloads or sensitive data.

Plan A Successful Move to the Cloud

Moving Microsoft Dynamics to the cloud isn’t a simple decision or a one-size-fits-all solution. Evaluating your cloud options and how they will impact your business takes deliberate planning and careful consideration. Plan a successful move to the cloud by downloading the infographic and contact SBS Group for guidance and support as you move legacy systems to the cloud.

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