Triumph Goes to America: Synergy 2023

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From 19-22nd September, developers around the globe gathered together for the Synergy Conference in North America, hosted by DataAccess Worldwide.

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Synergy 2023 in Louisville, Kentucky

The conference was a four-day event! On days one and two, the techs got their hands dirty with web security, interface design, and other fun web tools. With day two and three dedicated to the conference.

With two primary goals DataAccess’s Synergy conferences aim to:

  1. To help inform developers and teach the DataFlex Community about the latest enhancements to the product, and
  2. To give developers the opportunity to network with each other

The rest of the time we kicked back and enjoyed the show, with the DataAccess team treating us to a sneak peek of their latest releases and what’s coming in the near future. Plus, we got to see some seriously cool projects from other developers using DataFlex tools to show off their skills.

It was also an amazing opportunity to learn from experts in the field and connect with other like-minded individuals. The keynote speakers were truly helpful and gave us a fresh perspective on the future of development for business applications with DataFlex. The networking events were also a highlight, allowing us to meet people within our field and connect with business contacts.


This year Triumph Business Systems sent their senior software developer, Thomas Murphy.

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Thomas Murphy, Senior Software Developer for Triumph

Thomas is a highly experienced developer and has been with Triumph Business Systems for over 24 Years! His expertise in software development has been invaluable to the success of our proprietary integrated software solution ‘Triumph ERP’ .

Thomas attended all 4 days of the conference. Marking his fifth trip to the States for Synergy conferences, with his first being back in 2005 in Miami.

Attending Synergy conferences has become essential for Thomas and the development of our own software, as the conference helps him to stay up-to-date with the latest trends and technologies implemented within DataFlex. He always returns from these conferences motivated and inspired, eager to implement new ideas and techniques in his work.

This year’s conference was no exception. Thomas had the opportunity to attend several informative sessions and network with other professionals in his field. He even had the chance to speak with some of the keynote speakers and gain insights into their experiences and perspectives.

When asked about the highlights of this year’s Synergy conference Thomas said,

“It was great to learn more about what’s already in the product, and what’s coming next, particularly the improvements to the web offering and what we can then development using DataFlex. It’s also good to be able to have one-on-one time with the DataAccess development team and learn more about DataFlex.

Also being my fifth conference, it was good to catch up with other developers I had met previously and meet new ones, and discuss what they are up to. Another highlight was the group outing to a minor league baseball game.”

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Overall, the conference was a great success and we can’t wait for the next one. It was a reminder of why we love what we do and why we’re so passionate about creating innovative software solutions for growing businesses.

If you are a business passionate about innovative technology and want to apply this to your business today, let us help you, help you to take the next step today towards digital transformation.

Get in touch today or better yet try our demo to see how you can unlock the true potential of your business.

Inventory Orders Simplified

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As a manufacturer, one of your biggest challenges is often just managing inventory with purchase orders. You are basically trying to maintain a balancing act where you ensure there’s an exact amount of material and an exact amount of product to meet your customer’s demands, while also trying to keep your costs at bay.

What if you had a piece of software that does the balancing act for you? 
What if it can manage your purchase ordering and inventory costs, automating the entire process?

This is where an Award Winning ERP solution comes in, such as Triumph ERP.

Triumph ERP’s Purchase Ordering module is intricately designed to help you, the manufacturer, to manage your purchase ordering and inventory costs with ease.


Here are 4 ways that an ERP solution simplifies your Inventory and Purchase Orders.

1. Automation

One of the biggest advantages of our ‘Purchase Order’ module is its ability to integrate with other Triumph modules. Offering you, the manufacturer, the ability to automate the purchase ordering process based on various triggers like when inventory reaches a pre-determined re-order level, when an out-of-stock item is ordered, or when a job quote is won.

2. Foreign Currency

When you have many overseas suppliers for parts it can get confusing raising purchase orders and calculating landing costs in a foreign currency. Triumph ERP’s purchase ordering module automatically raises purchase orders from overseas suppliers in a foreign currency with landed costs applied. This feature helps you, the manufacturer, to accurately track your costs and ensure that you are paying the right amount for the materials you’ve been supplied.

3. Customer Orders and Purchase Order Reconciliation

With Triumph ERP lets say when goods are received , you as a manufacturer can use Triumph ERP to automatically compare outstanding customer orders with the goods received. Helping you to ensure only the right products are being delivered to the right customers at exactly the right time. This is the power of a software built solely to empower your business through technology.

Additionally, you have the ability to reconcile purchase orders with creditors’ invoices, checking both quantity and price to ensure they are both accurate.

4. Identify Price Trends

Another major benefit of Triumph ERP’s Purchase Ordering module is the ability to check a complete history of your supplier’s pricing. This feature helps manufacturers to identify trends in pricing and negotiate better deals with their suppliers.


Triumph ERP’s Purchase Ordering module is a powerful tool for manufacturers looking to streamline their purchase ordering and inventory management processes. By automating many of the tasks associated with these processes, manufacturers can save time and reduce the risk of errors.

Additionally, the ability to track costs and reconcile purchase orders with invoices helps manufacturers to stay on top of their finances and ensure that they are getting the best possible deals from their suppliers.

If you are a manufacturer looking to improve your purchase ordering and inventory management processes, Triumph ERP’s Purchase Ordering module is the perfect solution. With its ability to integrate with other Triumph modules, automate purchase ordering based on various triggers, and provide valuable insights into supplier pricing, this module is a must-have for any manufacturer looking to stay ahead of the competition.

Demo our ERP solution today for free and experience automation across your business!

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The Ideal Solution for Fintechs

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The fintech industry is in a constant state of evolution…

As new financial industries emerge based on innovative transactional technology, making a considerable impact globally. In a market where innovation is the business, it’s more important than ever for fintechs to look towards transformative ERP solutions that offer Cloud systems that are secure, reliable, modular, and automate financial reports with constantly updated financial regulatory requirements both global and local.

Think of our award-winning ERP system as an automated stamp of approval for your financial processes, essentially ensuring your business is updated with the latest regulations.

360 view of business

For any fintech, growth is fast-paced and can be extremely costly if you lack financial automation, especially for an industry that is reliant on the growth of financial technology. Automation is key in today’s fast-paced business world. Manual processes can lead to delays in financial close time and costly fines by regulators. This is particularly true for fintech companies looking to go public. To avoid such issues, the use of Cloud ERP systems has become increasingly popular.

You might be asking yourself why are Cloud ERP systems popular among fintechs?

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This is because Cloud ERP systems automate bank processes and financial reports. They give fintech businesses more visibility of their global operations, which can be crucial for their success. Moreover, Cloud ERP systems are constantly updated with global regulatory requirements for financial reporting. Cloud ERP systems provide a secure environment for storing sensitive financial data. They use advanced encryption techniques to protect data from unauthorized access. This is particularly important for fintech businesses that deal with financial transactions.

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Cloud ERP systems are not only remote but also highly scalable due to their modularity. They grow with you. This is particularly beneficial for fintech businesses that are experiencing fast growth. As they expand, they need systems that can keep up with their needs. Cloud ERP systems can be customized to meet the specific needs of a business. This ensures that businesses get the functionality they need without paying for unnecessary features. Cloud ERP systems eliminate the need for hardware and software investments, reducing capital expenditures. They also require fewer IT resources, reducing operational expenses. This can be particularly beneficial for fintech businesses that are looking to reduce costs and improve profitability.

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One of the biggest advantages of Cloud ERP systems is that they give business owners a 360-degree real-time view of their business processes and customers. This can significantly aid fintech businesses in unlocking key insights that can help fuel their growth. By having access to real-time data, business owner’s like you, can make informed decisions that raise your profits simply through the power of data analysis. Our Cloud solution enables collaboration among different departments within your organisation. Allowing your employees to share data and insights in real-time, enabling better decision-making not just at the senior level but across your whole organisation.

Overall, Cloud ERP systems offer numerous benefits to fintech businesses that are looking to go public. They provide automation, scalability, real-time insights, security, collaboration, cost savings, and customization. By leveraging these benefits, fintech businesses can streamline their operations, reduce costs, and drive growth.

Try our free demo today!

Leveling up Business Operations: The Power of ERP Solutions

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Introducing the ultimate buff for small business, Triumph ERP, An Award Winning Enterprise Resource Planning Solution.

Just like a powerful weapon or ability can make a gamer’s journey easier, an ERP solution can simplify and streamline a business’s operations. Let’s dive deeper into this topic and explore the benefits of an ERP solution and how it can help businesses achieve their goals.


Leveling up with ERP solutions

Imagine playing a game where you can manage your inventory effectively. With an ERP solution, businesses can keep track of their inventory, monitor sales, and manage their finances all in one place. This leads to increased efficiency and productivity, much like how a gamer can quickly navigate through their inventory to find the right item for a specific situation. An ERP solution can help businesses automate their processes, reducing the need for manual data entry and minimizing errors. This can save time and increase accuracy, leading to better decision-making and improved customer satisfaction.

Coordinating and communicating like a team

Just like online multiplayer games require teamwork and coordination, an ERP solution can improve communication and collaboration within a business.

With an ERP solution, different departments can access and share information in real time, leading to better decision-making and faster problem-solving. An ERP solution can also ensure compliance with regulations and standards. The software can track and manage data related to finances, inventory, and employee information, making it easier for businesses to stay on top of legal requirements.

Staying ahead of the competition

In gaming, players use data and statistics to improve their gameplay. Similarly, with an ERP solution, businesses can track key performance indicators and analyze trends, allowing them to make informed decisions and stay ahead of the competition. An ERP solution can also provide businesses with a competitive edge by allowing them to innovate and adapt quickly. With real-time data and insights, businesses can identify trends and make adjustments to their operations to stay ahead of the curve.

Implementing an ERP solution

Implementing an ERP solution requires careful consideration and planning to ensure its effectiveness. It’s important to choose an ERP solution that aligns with your business goals and requirements. Involving key stakeholders in the implementation process is crucial, as it ensures that the ERP solution meets everyone’s needs and there is buy-in from all parties. Providing adequate training and support is also vital, as implementing an ERP solution can be a significant change for employees. Regularly evaluating and adjusting the ERP solution is important to ensure it continues to meet your business needs.


To conclude, an ERP solution can help businesses achieve their goals by streamlining operations, improving communication, and providing valuable insights. By investing in an ERP solution, businesses can level up and thrive in today’s competitive market.

So, what are you waiting for?

Try our free demo today!

A Beacon Of Hope for Small Tech

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As a small business, it’s easy to get discouraged when faced with the many challenges that come with running one. But it’s important to remember that success is possible with hard work, dedication, and the right tools and support. 

And speaking of success…

We are thrilled to announce that Triumph Business Systems has been awarded the Australian Small Business Champion Award for 2023 in the Information Technology category! 

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This recognition is a true testament to the dedication and hard work of our team. As a small business ourselves, we understand the challenges that come with running a business, and we’re honored to receive this award that highlights our commitment to providing exceptional service and support to other small businesses across Australia.

This award serves as a reminder to all small businesses that with hard work, perseverance, and the right tools and support, you can achieve great things.

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Running a small business is no easy feat. There are numerous challenges that entrepreneurs face daily, such as managing finances, creating a brand, developing a marketing strategy, hiring employees, and navigating the legal and regulatory landscape. However, there are also countless rewards that come with the journey of entrepreneurship, such as the freedom to pursue your passions, the ability to control your destiny, and the opportunity to make a meaningful impact on your customers, employees, and community.

At Triumph Business Systems, we understand the unique challenges that small businesses face, and we’re committed to helping them overcome these obstacles and achieve their goals.

We are continually developing and extending the capabilities of our software in order to empower businesses of all sizes and across all industries to unleash innovation and growth. – Michael Macliver, Triumph Business Systems co-founder and Managing Director

A Package containing 47 individual modules, our fully integrated and flexible ERP solution is designed to streamline operations and increase efficiency, allowing businesses to focus on what they do best – serving their customers and growing their business. Our solution provides a wide range of features, such as accounting and financial management, inventory management, sales and purchase management, CRM, project management, manufacturing management, and much more.

One of the key benefits of our ERP solution is that it enables businesses to eliminate manual processes, such as data entry and inventory tracking, which are prone to errors and inefficiencies. By automating these processes, businesses can save time and reduce costs, allowing them to invest more resources into growing their business. In addition, our solution provides real-time visibility into business operations, allowing owners and managers to make informed decisions based on accurate and up-to-date information.

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Another benefit of our ERP solution is that it’s fully customizable and scalable, meaning it can be tailored to meet the specific needs of each business. Whether you’re a small start-up or a large enterprise, our solution can be configured to meet your unique requirements. We understand that every business is different, and we’re committed to working with our clients to develop solutions that fit their needs and budget.

At Triumph Business Systems, we pride ourselves on providing exceptional customer service and support. Our team of experienced professionals is dedicated to helping our clients achieve success and overcome challenges. We believe that our success is directly tied to the success of our clients, and we’re committed to going above and beyond to ensure their satisfaction. With a dedicated team of nine professionals who are focused on continual software development, outstanding customer service, including a 24-hour helpline and regular information bulletins.

We’re honored to receive the Australian Small Business Champion Award for 2023 in the Information Technology category, and we’re committed to using this recognition as a platform to inspire and support other small businesses across Australia. We believe that with hard work, perseverance, and the right tools and support, anything is possible.

If you’re a small business owner looking to streamline your operations, increase efficiency, and achieve your goals, we encourage you to reach out to us today to learn more about how our ERP solution can help you grow and succeed.

We look forward to hearing from you and helping you on your journey to success!

Let us help you automate your business!

ERP vs Accounting: Who Will Triumph?

Accounting vs ERP

Accounting and enterprise resource planning (ERP) software both provide businesses with support in managing financial processes.

Accounting software focuses on core accounting functions such as budgeting, invoicing, payroll, and general ledger, while ERP software provides a more comprehensive solution, by connecting other business processes such as inventory, order management, and production. Depending on the size and complexity of your business, you may require one or both software solutions. Before making a decision, it’s important to evaluate the features and benefits of each system to determine the right fit for your business.

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ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and handle upgrades and deployment. In contrast, small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.

Today most organizations implement ERP systems to replace legacy software or to incorporate ERP applications because no system currently exists. In fact, a 2016 study by Panorama Consulting Solutions, LLC., indicates that organizations implement ERP for these top reasons:

  • Out-of-date ERP software (49%)
  • Homegrown systems (16%)
  • Accounting software (15%)
  • Other non-ERP systems / had no system (20%)

Why are ERP systems modular?

ERP software is typically comprised of different modules so that business owners can adopt the specific tools that are applicable to them. ERP software is available with project management or CRM modules, for example, to help connect critical data points. Adopting ERP software with the relevant modules allows an entire company to work with the same comprehensive suite of tools, using the same database.

Modular ERP System

This level of consistent information helps key stakeholders within the company to communicate in a timely and meaningful manner through analysis. Furthermore, instead of guesstimating, leaders can estimate and adopt effective solutions to solve supply chain issues, etc.

Being a modular system also means that users can upgrade as they grow instead of spending big on a system with features that they can’t use. Think of it like this, you buy a computer, but as your needs grow it requires an upgrade, you start by replacing the CPU with the GPU, and so on. An ERP solution is similar as well.


Looking to upgrade your Accounting Software to an ERP solution?

Here are some key indicators that you need to upgrade to an ERP solution

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  1. Multiple trading entities
  2. Incomprehensible data
  3. Micromanaging Inventory in Multiple Locations
  4. Waning Supply Chain Management

To find out more, our article here goes further in-depth on identifying these critical indicators for your growing business.

Moreover, ERP software enables companies to:

Control their finances: With capabilities far beyond simple accounting software, ERP manages finances and cash flow, revenue and expenses, and cost accounting.

Digitize their reporting: Integrated management means that companies can gain insight and report on all processes, activities, and workflows. ERP software reduces paper-based transactions and reports and provides integrated monitoring of business performance and objectives.

Lower their IT costs: By using a single, streamlined solution, the IT burden of managing or integrating multiple systems is eased. Upgrades are simpler, deployment is easier, and scaling isn’t a problem.


So…

Accounting software focuses on core accounting functions such as budgeting, invoicing, payroll, and general ledger, while ERP software provides a more comprehensive solution, by connecting other business processes such as inventory, order management, and production. Depending on the size and complexity of your business, you may require one or both software solutions.

Before making a decision, it’s important to evaluate the features and benefits of each system to determine the right fit for your business. Let us help you on your digital transformation journey.

Level Up Now

4 Reasons to upgrade your Basic Accounting software to an ERP Solution

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Well, here at Triumph, we could give you 36 reasons why you should upgrade your accounting software to an ERP solution. But for today let’s stick to 4 Major ones that can have a tremendous impact on your business within the next decade.

Imagine you have an incredible car you put your time, effort, and sweat into building, but it runs on an older engine that guzzles fuel and after a while, it starts to concern you, the solution is an up-gradable engine that powers your creation efficiently making it in the long term, a cost-effective investment.

ERP Solution and very clean car engine

It is the same with your business. Spending years of hard work and trying to pursue ideas that made you start your business in the first place should always be your primary focus. We know it can be a messy challenge dealing with various arduous business processes, this can be especially the case with basic accounting software where basic transactions and data is captured. If you are a small business this would be perfect as it meets your basic requirements.

ERP Solution can help with inventory and delivery

But if you are experiencing growth and wish to expand your business in the coming decade, basic accounting software will not only make your life a confusing mess, but it will also cost you heavily in the long run. The time spent on managing information within a system that isn’t automated like an ERP solution can be spent furthering your vision and company instead.


Ok then, what sort of signs should I be looking for to upgrade to an ERP solution?

There are some clear benefits for you to upgrade to a platform that grows with you, but here are some very clear signs that should alert you to upgrade from basic accounting software to a fully-fledged advanced solution, which ironically is much more user-friendly.  

Sign #1 Multiple trading entities

ERP Solution can help with companies having multiple businesses

If your business is experiencing and you are looking to expand not just locally, you are looking at a state-wide maybe even a global expansion for your business. This would mean you will have to look at creating multiple businesses that are operated across different regions, and for an SME like yours, this can be especially challenging.

On the left, you have the time-consuming and cumbersome process of integrating 3rd party applications with your existing accounting software, and on the other hand, you are running lap after lap meeting different accounting standards, and tax regulations and managing differing exchange rates across your businesses as you expand on a global scale.

This is where an ERP solution like triumph comes in, the solution is not just implemented to aggregate all this data into something comprehensible and easy to follow, an ERP solution automates currency conversion, regulations, and reporting for different subsidiaries across various regions or countries, all this in real-time. Helping you make quick and informed key decisions during key moments for your business.


Sign #2 Incomprehensible Data 

How is it that Google and Facebook can target you with relevant ads so well? That you often make purchasing decisions based on them.

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This is only possible because as you used these platforms more, the amount of data given to these platforms by you has grown as well, helping identify and helping you become aware of products and services you would use or have an interest in.

It is the same with your business data, it grows as you grow. 
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What you do with data will forever change the way you operate and run your business, it is a gold mine of information on how your business works internally and externally, in today’s market, data is currency as it directly correlates with increasing business performance and improving customer satisfaction.

However, with basic accounting software, important key data can be spread sparsely across various areas, especially with a business that is expanding like yours. This means keeping track of this data over your various subsidiaries or even departments through 3rd party applications and confusing spreadsheets that are incomprehensible as the data hasn’t been processed in real time for insightful reporting that can help you make informed decisions.

An ERP solution like Triumph provides you with a one-stop shop for your business data, and it isn’t built into a spreadsheet but designed to give you access to your data in a visual manner that is easy to understand and even easier to act on, in real time.

What’s great about an ERP solution like Triumph is that having real-time data accessible simply through a dashboard, gives you greater transparency surrounding not just how your business truly operates but also how customers interact with your business. This helps you essentially spot critical deficiencies across your business and gives you the ability to not just identify them but make actionable changes that will help you further become a major competitor in a busy market.


Sign #3 Micromanaging Inventory in Multiple Locations

Ship with containers, Track with an ERP solution

It is quite common for businesses to adopt an omnichannel strategy when looking at expansion, especially in a post-internet world where orders can come from various locations, making the supply chain for your products a complex system. This is why businesses usually implement a multi-location system to carry stock, this not only cuts down on delivery time increasing customer satisfaction but also saves money on shipping and handling across various locations to reach one destination.

Relying on basic accounting software which can only handle total stock across various locations, will not only be a huge task of guesstimating but also incredibly unreliable if you want to make key decisions in real-time based on available stock. This can often lead to ensuring extra stock is kept if there is stock-out at any one location, costing you more and in the long term affecting the value of your stock as it depreciates.

Accounting Software

If you are looking to expand your business in order to fulfill your vision without any costly hiccups across your supply chain, then it is best to start thinking about implementing an ERP solution like Triumph, Triumph ERP is a heavily modular system that grows with you, but importantly Triumph includes the Multi-Location stock module, helping you allocate each location/store to have its very own price, quantity, and items which can by synchronised across all of your locations.

Having the ability to accurately forecast and plan for stock can be a challenging prospect without an ERP solution, this can lead to poor customer satisfaction and retention in the long term as well. Moreover, the Multi-Location stock module is so advanced it also gives you automated sales, inventory, profit, and loss reports from each location. To learn more, click here.


Sign #4 Waning Supply Chain Management

Birds eye view of shipping dock

If your software doesn’t give you a complete picture of your supply chain, including taking into account, accounting regulations, tariffs, and regulatory requirements on a global scale, this can impact product delivery and potentially cause financial and reputational damage.

If you are looking at expansion you will come across such a challenge, instead of relying on spreadsheets to keep track of your supply chain or installing additional plugins to keep up, general accounting software will not cut it.

Basic accounting software usese Excel sheets, which are very time consuming compared to an ERP solution

Not only does it put you at a greater competitive disadvantage, but general accounting software also cannot act as a central hub for all business data, this would include tracking orders through 3PL partners. Moreover, while you have the convenience of a 3PL partner fulfilling orders, accounting software will not be able to report on inventory, orders, vendors, and customers through a unified perspective, this is where an ERP solution shines.

ERP solutions like Triumph have the transformative ability of unifying your supply chain under one system, a central hub for key stakeholders within your business to easily access through an easy to read but detailed dashboard. Furthermore, unlocking the full extent of your supply chain with Triumph not only helps give you real-time information on the supply chain, but you can build backup plans, and quickly adapt to a constantly evolving market.

To find out more, try Triumph for free or better yet get in touch with us!

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5 Reasons why ERP leads to Growth

People working on ERP system

As accessibility to digital technology grows exponentially each year, Digital Transformation has become the key for many organisations looking to compete in a global market that is in a continuous state of change. With a market value of $43 Billion in 2020, the ERP market is predicted to reach $117 Billion by 2030 with a consistent CAGR of 10% annually.

All in one Management tool for Growing Organisations

The key to managing any growing organisation is through a centralised perspective, there is no other highly effective tool that offers amazing utility to organisations like an ERP system. An ERP system is able to manage a multitude of key business functions under one central but integrated system that is accessible to key stakeholders within the organisation.

The reason why ERP systems are used across various industries from healthcare to manufacturing is due to their automated centralised structure that securely manages a rich variety of data from various business functions like CRM, HR, Business Intelligence, Inventory, and so on. This data is not only organised but can be further simplified into visual analytical reports that give key stakeholders on areas they can improve for the business.


Here are 5 Reasons why ERP leads to Growth:

1. Incredible ROI

Happy Businessman due to digital transformation

Yes, Implementing an ERP system can be costly, but that’s only at the start of your Digital Transformation journey. When implementing an ERP system, instead of looking at the immediate future for results, you should be looking at the next decade, as technology is being constantly updated, you would want an ERP system that is highly modular and run by a dedicated team like Triumph.

Here’s why you can expect an incredible ROI with an ERP system in the future:

As an ERP system is a centralised point of information, staff are able to utilise their time more efficiently. Instead of spending money on training staff on various systems and them wasting time to look for a piece of information across several systems, an ERP system greatly simplifies this process. Spend less time and money by training your staff on one system, and they in turn can spend more time on helping your business, instead of being information detectives.


2. Rich Analytics

Rich analytics reports due to digital transformation

With an ERP system being a centralised information database, this means it’s an incredibly rich resource as a business intelligence tool, that is highly functional for developing various reports that would otherwise take days to compile to just mere minutes, additionally ERP solutions like Triumph, provide visual dashboards for data that key stakeholders can access and make informed business decisions for the future of your organisation. 

What does this mean for your organisation?

Spending less time compiling information from various software, mean you are able to make informed decisions for your organisation quickly. This is more important than ever especially in an increasingly competitive global market, digital transformation through ERP implementation is key to keeping up or going further than the competition. The key is quick, valuable, and secure data that is automated into visualised reports that are understandable to key stakeholders within your organisation. 


3. Increased Customer Satisfaction

Happy customer due to digital transformation

Offering goods and services with the needs of the consumer in mind is the best method to increase customer happiness. There are several ways that ERP offers this. Firstly, most enterprise resource planning (ERP) systems come with or can be easily connected with a customer relationship management (CRM) solution. Your CRM gets access to data from all corporate operations thanks to an ERP.

An integrated CRM can provide facts like order history and invoice information in addition to contact information. This enables your team to view your clients more holistically and comprehend their needs and wants better. Your sales strategy for improved lead generation is formulated with the support of the increased client visibility.


4. Simplify Compliance and Risk Management across your business

Appropriate level of risk averse due to data from digital transformation

Staying on top of everything while your business continues to grow can be messy and confusing, especially when you start providing your business on a statewide or global scale. Challenges just don’t stop at supply and logistics, they can start with complying with cybersecurity, HR and even environmental regulations, these rules can impact a growing business in unfamiliar territory

ERP solutions are made with these regulations in mind, helping you to keep your business operations in check, this includes auditing and recording tax obligations for example. Simplifying this process through such an automated system not only saves you an incredible amount of time and unnecessary stress but also money, money you can spend back into your business

Managing risk without data can be stressful, leading to uninformed decisions on future business operations, this is where an ERP system comes in. An ERP solution provides financial management through data analysis, meaning less accounting errors and more accurate and dependable information. Furthermore, having a high level of financial managements helps you reach deadlines, secure budgets and continue plans for product/service development


5. Synergistic Production Planning and Resource Management

Resource management due to Digital Transformation

ERP oversees manufacturing in addition to inventory management. Moreover, an ERP system offers insight into every aspect of manufacturing, including shop floor operations. This gives users, your employees the ability to maximise capacity by optimising production schedules, machinery, and labour.

Your Bill of Materials (BOM) and fixed assets are also managed by ERP. Users may simply create and amend BOMs with this software, and they can also keep track of all past changes. Fixed asset management enables users to plan equipment maintenance to minimise unplanned downtime, enhancing your profitability and connections with your supplier chain.


So…

If you choose the proper solution, the value of ERP far overcomes the initial expense, time, and effort required for implementation. For further details on features and functionalities, implementation objectives, and queries, see Triumph

If you do sufficiently thorough study and give it enough thought, you’ll discover ERP uses that offer all the advantages mentioned above, which will help you understand why ERP is crucial for a company.

The First Step to Digital Transformation

How to Solve Supply Chain Disruptions

Supply Chain Disruptions

Even with borders open, businesses are still reeling from the harsh reality of supply chain disruptions during lock downs and stringent border control, this not only led to a shortage of computer chips but also importantly commodities. It can take an event like that for businesses to realise the time is now to take the next step into digital transformation, and forge a new more secure and data driven path for their business.

Before we dive deeper into how SCM (Supply Chain Management) can help you not only run efficiently but also save you costs on inventory and production, let us first understand what an ERP solution is and why its key for many businesses who want to take the next step into what is called a Digital Transformation.


An ERP solution can help you track business performance

Business Performance

An ERP Solution integrates multiple parts of your business, this can range from finances and inventory, to even managing your website as an online retailer. The benefit of implementing an ERP solution is by integrating digital technology into all areas within your company, you are not only able to considerably improve or forgo traditional business processes and practices, but you are also able to streamline all this information into an accessible dashboard that you as a business holder or key stakeholder has access to at all times

It is an essential component, as tracking the performance of your business can help you better evaluate and implement improvements to business processes much faster. By simplifying your business processes an ERP system gives you a considerable competitive advantage as you have access to information on clients, vendors and partners in relation to your business. Helping you again improve by simply having accurate information to make informed decisions.

Inventory Management

Every link in your company’s supply chain is visible with the help of an ERP-based inventory management solution. An ERP enables firms to keep track of inventory levels and schedule shipments effectively by giving access to your complete network of suppliers, clients, and distributors.

This is quite essential if you are looking to improve and survive such supply chain disruptions.


Accessing Real Time Information to Mediate and Optimise Supply Chain issues immediately

An ERP solution gives you and key stakeholders within your organization access to live/real-time information on Procurement, Manufacturing processes, Warehousing, Inventory, Transport and Logistics. Having access to real time information on hand is incredible for businesses during supply chain disruptions as it enables you to be agile

Triumph ERP Stock Item Enquiry Screen shot
Keep track of stock location, availability, costs and much more using Triumph ERP

With the right ERP solution you as a business owner can identity and solve issues immediately, for example an ERP solution can track if an item needs to be restocked in the warehousing process in real time. Having inventory tracking is essential for businesses, as soon as item is missing and you aren’t able to have real time information on the item, than you will enter into a supply chain disruption. Optimising your inventory will help not just to keep your business flowing smoothly but also help manage customer expectations in the case the item is not available as well.


Choosing an ERP solution that can communicate across different software

Steel Vendor

If you are within the manufacturing industry, relying on 3rd party providers is essential but can also be challenging when they do not have the integration you have within your own business, this makes it harder for you to make informed decisions as it will not be real time. But having an ERP solution that works well with other 3rd party providers and the software they utilize, means you now have the ability to analyse key data as inventory movement and warehouse activities as it also available through your ERP solution.  

By streamlining all aspects of procurement an ERP solution like Triumph, can help empower your staff with more time to work on valuable projects to bolster productivity as time spent on those manual processes are now automated, with that giving your business the chance to innovate even during a supply chain disruption that is negatively effecting your competition

The Most Important aspect on how an ERP system will solve supply chain disruptions, is its ability to integrate all your business processes. By integrating these processes and having them talk to each other you are able to have a more streamlined and accurate real time information, this can be something such as invoicing, as ERP solutions will automate invoices for sales and also has the ability to process and send payments.

To Conclude

An ERP solution is highly beneficial for you as a business owner, it has the ability to give you an overview of not just the supply chain but also your whole business, streamlining various facets of your business into a visualized dashboard that empowers you to make decisions on the fly or make decisions that can have a positive impact on your company’s growth, accompanied by taking the next step into digital transformation

If you are looking to take the next step and looking to streamline and simplify complicated business processes try our demo here.

Adapting for the Next Decade through Business Intelligence (BI) and ERP

Business Intelligence Blog Header

Big Data and ERP has an incredibly beneficial technical relationship that could add huge value to an already existing business.

With that said there is a process before the data can be visualised to give you the required analytical business insights through Business Intelligence.

These interconnected business tools consist of Big Data, data mining, and finally Business Intelligence (BI). It’s important to remember Business Intelligence is the final purveyor, as big data is essentially data mined to provide said business intelligence.

To better understand these interconnected tools lets define them to get a better idea how this all connects to an ERP system…

How do you define Big Data?

Define Big Data
Photo by Nothing Ahead

If you’re looking for a better detailed explanation on Big Data look no further than the previous article released, to recap Big Data is essentially an enormous data set that is identified by its incredible volume, velocity, and variety of information. This makes it hard to process using traditional software say for example using an excel spreadsheet. Big Data is a fairly valuable asset to your company as it provides incredible foresight into your business, but this isn’t possible without data mining.


How do you define Data Mining & Business Intelligence?

Define Data Mining
Photo by Lukas

You can think of Data Mining as more of a system of categorical data, similar to say the filter option when you are purchasing items online. Data Mining is the process that helps identify the valuable aspects within the data set provided by Big Data, it has the ability to sift thru and arrive at valuable information that can be utilized to give a birds-eye look in a sense of your business, helping you, help your business become more efficient and profitable.

This is the framework of Business Intelligence. Business Intelligence solutions is essentially an advanced tool that can look for emerging patterns and visualise data, giving you the ability to implement change immediately in real time. Most often Business Intelligence is offered as feature of ERP systems such as Triumph.

Ok, now that you know what these tools are, let focus primarily on Business Intelligence as it is the key function that is offered by an ERP system


Business Intelligence and ERP

Business Intelligence and ERP
Photo by Tara Winstead

To better understand this congruent type relationship between the two, let us take you through…

A brief history of Business Intelligence

History of Business Intelligence
Photo by Eneida Nieves

Business Intelligence (BI) and ERP both came up through the development of systems through the 60’s and 80’s. However, BI started primarily during the late 1990’s as an on-premise solution but now its offered on the cloud as a point of access for key business data for key stakeholders from anywhere with a network connection. The advancement of Business Intelligence as a tool has been quite exponential, primarily due to the incredible value it offers.


What is Business Intelligence?

For a growing business it can be hard to keep track of every piece of data, this is solved by Business Intelligence. It gives an in-depth overview of your company data, through analytics, data mining, and data visualisation (immensely beneficial as it is easier to understand). With ERP solutions such as Triumph, Business Intelligence is continually being developed to give your business a data driven solution that can empower methodical decision making.


Why Use Business Intelligence Software?

Business Intelligence provides you with high-value, accurate and actionable business insights that can have a transformational impact on your business, helping you grow it further than ever before. This is all simply through the power of data all done through an ERP solution such as Triumph.

Instead of mind-numbing headaches and the overwhelming feeling of being buried under numbers and manually entering data through basic reporting tools such as Excel. Business Intelligence can help you make sense of it all and gives you primary information that is vital to making your business successful in the long term.

Here are 7 Reasons Business Intelligence can transform your business

1. Visualize Important Information

2. Boost Productivity

3. Data Mining

4. Gain Insights into Consumer Behaviour

5. Results Closer to Established Goals

6. Performance Management

7. Eliminate Guesswork

For an in-depth review of these 7 reasons, click here


Why Integrate Business Intelligence (BI) with ERP?

As previously explained in our Big Data article, in today’s data driven world, there is an enormous amount of data that is often unstructured and needs to be organised, stored and analysed to a scale where the data becomes relevant.

This is where the Integration of Business Intelligence (BI) and ERP comes together, with the combined help of both you as a key stakeholder within your organisation can transform these enormous points of data from your business into actual actionable insights that help you make better decisions.

While ERP systems are vital and help manage essential parts of your business such as accounting, operations, HR and sales.

Business Intelligence
Data Visualisation from Sales through our Business Intelligence Module

Business Intelligence helps turn all the information gathered through these various parts of your business and transforming them through the help of operational data from an ERP system, into solid actionable insights that can help you build better business strategies in the future.

Both cannot exist without the other, and this creates a somewhat symbiotic relationship in a sense. Business intelligence gives you and your key stakeholders a method of data visualisation that makes it easier to consume these points of data, in turn helping you make better succinct decisions for your company’s future.


What is Business Intelligence, give examples?

It can be hard to gauge from merely reading, so here are some examples on how Business Intelligence works in tandem with ERP leading to a substantial and noticeable improvement in your business both structurally and financially.

As a retailer, Business Intelligence can help you adjust inventory according to sales, through the effectiveness of marketing strategies you use to promote products within the retail environment

If you are a primary stakeholder within a business, a CEO or CFO who have a hand in the sales or marketing department, can utilise visualised dashboards provided through Business Intelligence to help make strategic decisions through analysis and present these findings during investor meetings to further fund certain areas that have been green-lit by the Business Intelligence tool with the possibility of being highly profitable.

Business Intelligence is incredibly beneficial to Operation Managers who manage the end-to-end manufacturing processes with efficiency in mind. They now have the ability to adjust the manufacturing process accordingly through data visualised via the Business Intelligence platform. Moreover, this information can be aggregated and analysed from an multichannel customer experience as well enabling a much better consistent overall experience with the product or service offered.

Imagine the ability to access a mesh of relevant data from an unstructured pile of information, visualised for you, and enabling you to make incredibly accurate, well-informed decisions that can help transform your business for the future.

The Future…

In an information age, the future for business lies within the ability to process this information to make informed decisions on operations and identifying various other aspects in the business through business tools that can help you cut through market noise, helping you become a market leader within the next decade.

With the incredible collaborative power of ERP and Business Intelligence, the immense value provided through the analytical prowess of Business Intelligence to format Big Data into actionable and understandable sizes can help you make accurate business strategies across all aspects of your business in an effort to combat a highly competitive landscape and moreover give you an incredible amount of business oversight.

Transform today and strategize your growth through Business Intelligence and plan for the future.