Triumph ERP Footy Tipping Results for 2024

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Good luck with the season ahead.

I’m not a diehard footy fan but I still love the Triumph Footy Tipping Competition. It’s great challenging friends, family and work mates and, given I know very little about the game, it’s always fun to see their faces when I come out ahead!! I love the weekly prizes – a much better incentive than only one winner at the end of season. 2024 – Bring it on!

Jacqui Clay – PJ Technology

The Prizes

Every week a winner will receive a $25 Coles Myer Gift Voucher, with the overall winner receiving the choice of either a $200 Visa Gift Voucher or a case of premium Australian wine valued at $200.


The Terms and Conditions

The competition is free to join. However, participants must reside in Australia, be of legal age, and be employed by a company or organisation.

*For the complete list of T&C click here


Rules of Play

The 2024 AFL season will be the 128th season of the Australian Football League, the highest-level senior men’s Australian rules football competition in Australia, which was known as the Victorian Football League until 1989.

The season will feature eighteen clubs and will run from 7th March until 25th August, comprising a new ‘Opening Round’ on top of the 24 round-game home-and-away season, the most in league history, followed by a finals series featuring the top eight clubs.

The fixture for the first time in AFL History was extended to include an ‘Opening Round’ along with 24 matches per club, the longest in history. Participants predict the result of each game by nominating the correct result. Participants must also select the margin
they think will be scored in the margin game played in each round

*For complete set of rules including our points system click here


How to Register

The 2024 registration is now open. To get involved you need to register yourself or a team, visit the Footy Tab on the website and follow the prompts or click below to register now!

What is Mobile ERP? – Mobile ERP in Australia

Mobile ERP Illustration

Before we dive into Mobile ERP, understanding what an ‘ERP’ system is in the first place is vital.

ERP or Enterprise Resource Planning is an all-encompassing software solution that streamlines and automates business processes into one single unified system.

Our proprietary ERP solution Triumph ERP, is the go-to modular ERP solution for Australian SMEs. Offering unparalleled functionality and reporting capabilities. Triumph ERP offers fast implementation, robust performance and flexible integration. Imagine Triumph ERP as a central database that connects all your day-to-day business processes into a single, central and comprehensive system.

Also Read: https://triumph.com.au/solutions/solutions-by-industry/what-is-erp/

Now imagine… if your technicians are out there in the field providing services, and have the ability to securely access key business information remotely. Have access to data on, sales, customer habits, purchase history, insights and functionality of the ERP solution right in the palm of their hands. Now imagine, how much more they could achieve out in the field with an ERP solution like Triumph.

Today our phones are almost an extension of ourselves, a device that fits into your pocket but also has the power to run complex programs and applications if needed. Once your ERP system is implemented, often the very next thing businesses do is add-on a mobile ERP application, as mobile access for any ERP solution especially in today’s remote work culture is essential.

Mobile ERP empowers your workers by helping them access essential business data to collaborate and do their work from anywhere with just a mobile device. A valuable asset especially for service technicians out in the field.


What this means for your business.

Group of People Sitting in Conference Table Laughing

As a business, looking to add a Mobile ERP solution, you have to analyse the features of the solution before implementation, if it does add value to your business, and if the additional cost is outweighed by the benefits of a mobile solution.

Here at Triumph, our proprietary Job Mobile module is our answer to a Mobile ERP solution, a simple add-on module that helps technicians record, report, and track all expenses for a job directly from a smartphone back to the ERP solution.

Our Job mobile module helps to empower your workforce working in the field or remotely to securely access vital information that adds real value to day-to-day operations for the business.


A feature packed mobile solution.

mobile erp,mobile erp australia

Triumph’s Job Mobile module is an innovative and efficient solution designed specifically for mobile sales teams and technicians, who need the reliability of an award winning solution they can access remotely. Opening communication remotely and increasing transparency for transactional and work data in an effective manner to increase productivity.

With Job Mobile’s ‘voice to text’ functionality’, your employees will find logging work descriptions a breeze. Supervisors now can review Job Times before they are even posted, ensuring they are accurate and that the Job has been done on time. Our solution allows for the recording of any labour and materials on site, as well as the collection of signatures while on the go.

Here at Triumph we understand the importance of real-time processing for businesses, it keeps you agile and flexible enough to bolster yourself against market forces. Our job mobile module has the ability to streamline your entire physical invoicing process, by processing credit card payments right on the spot, capturing and submitting receipts and invoices immediately after a transaction. Helping you and your employees keep track of transactions.

Our priority with our Job Mobile module is to give mobile teams the ability to manage inventory on the go. This includes getting directions to new job sites with our map feature, record Geo-locations for accuracy, access the fine details for the job, and contact the customer simply with our call feature for seamless communication.


Crop focused Asian engineer in white shirt using modern netbook while working with hardware

We know how important customers are, great experiences earn repeat business. So to ensure great experiences for you customers, our Job Mobile solution hands you the ability to generate customer service reports based on performance, straight to your email!

By leveraging Job Mobile, you can not only meet but exceed customer expectations, fostering long-lasting relationships and driving repeat business.

Embrace the convenience and efficiency of our Job Mobile solution and elevate your customer service to new heights!

8 reasons why having a paperless office is best business practice

become paperless

Employers are continuously searching for innovative ways to transform office spaces into environments that encourage productivity, collaboration and growth. With offices workers across Australia crying out for companies to modernise their work processes by replacing paper with digital tools, transitioning to a paperless office is a worthwhile investment.

The average office worker uses 10,000 sheets of copy paper each year, with 45% of paper printed in offices ending up being trashed by the end of the day.

By working towards becoming a paperless office and converting paper files into electronic files via digitisation, will not only help reduce your environmental impact, but can boost efficiency within your workplace. Check out our top reasons for your office to go paperless below.

Australians want to connect digitally

According to recent research, 85% of consumers not only want, but expect to do business digitally. Why? Because they most likely find that paper-based transactions are slow, inconvenient and can be unreliable.

Businesses today need to be able to offer a quick, seamless experience for their consumers- whether they are interacting with your business on their mobile, their tablet or their PC. If your business isn’t delivering what your customers want, your brand and your business could suffer, resulting in less repeat business, less customer leads, and less referrals.

Stay ahead of your competitors

It is recorded that over half (55%) of consumers would rather pick businesses that offer digital transaction methods over those that don’t. Meaning, you may be losing more than half of your customer base if your business sticks to paper-based transactions.

By embracing a paperless approach – whether it be for a sales agreement, invoicing, event registration, work order, service contract or any other form that your customer requires – you alleviate the risk of losing them to the competition.

It saves time, which translates to money

How much time do your team members waste printing, scanning, faxing and posting documents? What about chasing documents that have come back perhaps missing a signature or a crucial piece of information which has caused an additional race around?

Using a digital management platform like Triumph ERP which offers you the ability to attach digital documents to a variety of transactions, your team’s time is freed up to focus on more meaningful tasks like customer engagement and business development.

It reduces your stationery bill

How much does your business spend on paper, printer ink, printer maintenance and postage each year? Not to mention files and filing cabinets! If you find that your business is regularly sending and receiving contracts, bills of sale or other paper-based transactions, then the costs very quickly add up. Digitally linking documents to transactions including Debtor Invoice, Purchase Order Invoice, Receipt Managed Stock and Bank Reconciliation– just to name a few!- will assist your business in going paperless and will eliminate most of these costs, putting more money back into the business.

Increase your space

Paper takes up a lot of room – as do filing cabinets and space to store those filing cabinets. Books and bookshelves are bulky, too. What’s worse, paper keeps piling up, oftentimes accumulating more quickly than it can be sorted and organized. This is particularly true of industries that have long mandatory retention periods for paperwork like the financial industry.

By digitising your files, you are able to store all your documents either on an on-premises server or in the cloud- both of which will most likely take up less room!

Customer data is safe

When choosing paper to power your business processes, you have to invest in locked filing cabinets and paper shredding policies to maintain document security and confidentiality. Even then, you’re left with potential data breaches and the ongoing need to train employees on your records management policies.

However, many cloud-based management systems like Triumph ERP cloud offer high-tech, bank-level data security in order to keep information away from those seeking unlawful access to critical data.

The cloud also provides a legally-enforceable audit trail that shows every action taken with the document, including who signed what, when and where. 

By going paperless, you may find it easier and more cost-effective to meet strict compliance regulations for your industry.

Adhere to Audit Guidelines

As a business, you most likely have to store several years of data for audit purposes. When switching over to electronic systems for document and content management, you’re able to easily and conveniently store as much data as you need while maintaining compliance with audit regulations and guidelines. Additionally, the digitization of your date will generate an audit trail automatically by simply scanning searchable text in order to make the process more efficient.

Promotes the Environment

Manufacturing paper products produce greenhouse gases, causing deforestation and global warming. Recycling can offset some of the environmental impact, but not by much. Most paper eventually ends up in a landfill. Further, ink and toners contain volatile compounds and non-renewable substances which are damaging to the environment. It is much more sustainable to simply reduce paper use altogether by switching to a paperless office.

It’s easy to fall into a comfort zone and conduct business as usual, especially if it’s been working out for years. Although it’s a convenient way of running your business, it also means that your operations may be stagnant, perhaps falling behind your competition.

Don’t overlook the benefits of a paperless office simply because you’re set in your ways as a business.

For more information about how Triumph ERP can help you with having a paperless office, check out our Paperless Picking module.

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.

business performance graph on paper on desk

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

Accounting,ERP,Accounting and ERP,accounting and finance erp,accounting and finance erp components
  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.

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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
Mobile ERP Illustration
Blog | Business Tips & How To’s

What is Mobile ERP? – Mobile ERP in Australia

Before we dive into Mobile ERP, understanding what an ‘ERP’ system is in the first place is vital. ERP or Enterprise Resource Planning is an all-encompassing software solution that streamlines and automates business processes into one single unified system. Our proprietary ERP solution Triumph ERP, is the go-to modular ERP solution for Australian SMEs. Offering … Read more

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Blog | Business Tips & How To’s

The Fastest Way to Grow your E-Commerce business

With a market valued at $6.3 trillion in 2023 alone and 20.8% of retail purchases taking place online, e-commerce is an undeniable way for fueling growth by connecting your business to customers not just nearby but around the globe. E-Commerce operations usually lead to significant growth provided you have built a strong proven web presence … Read more

Billion Dollar Tax Break for SMEs

Tax Break for SMEs

It’s a great time for small businesses looking to start their digital transformation journey. With an increasing number of SMEs gaining growth through utilising business software and exposure through building an online presence, the federal government has implemented tax breaks in order to not only help businesses still recovering from the pandemic but also recognise the vital importance of a digital economy as the primary key to unlocking Australia’s economic future.

As part of the federal government’s 2030 Digital Economy Strategy, SME digitalisation through digital adoption has been a key factor in increasing profitability and saving time. Giving SMEs an incredible opportunity to change or find a new way to do business.

Covered under the 2022-23 Federal Budget, the government is providing a staggering $1 Billion as part of their 2030 Digital Economy Strategy, through their Technology Investment Boost policy. This will further help support SMEs to adopt digital technology through bonus tax deductions.

$1 Billion Tax Break for SMEs

Moreover, this policy can be further separated into two, (1) Small Business Technology Investment Boost and (2) Small Business Skills and Training Boost

1. Small Business Technology Investment Boost

SMEs,Tax

As an SME if you have an annual turnover of less than $50 million, you can use the Technology Investment Boost policy to get a 120% tax deduction from expenses on digital technology with an annual cap of $100,000 each qualifying income year. Businesses can continue to deduct expenses over $100,000 under existing law.

So how can you claim the ‘Small Business Technology Investment Boost’

Quite simple really, if you have any eligible expenses incurred from July 2022 until 30 June 2023 you can deduct the entire 120% in your 2022-23 tax return

What can you claim under the ‘Small Business Technology Investment Boost’

It depends on whether these depreciating assets and/or services have helped support digital transformation for your business, these include:

The policy will help you to not just invest in new computers, but also encourages you to adopt newer technologies, like a Cloud Based ERP system in an effort to maximise the potential efficiency of your business through automating manual business processes, giving you access to accurate and informative data that can be utilised to make informed business decisions.

2. Small Business Skills and Training Boost

SMEs,Tax

Additionally, as an incentive for you to invest in digital technology, $550 Million from the ‘Technology Investment Boost’ has been allocated towards providing you with the ability to invest and up-skill your employees, making your digital transformation journey easier than ever.

Similar to the Small Business Technology Investment Boost, if your business has an annual turnover of less than $50 million, you can use the policy to get a 120% tax deduction from expenses related to training courses for your employees.

So how can you claim the ‘Small Business Skills and Training Boost’

Quite simple really, if you have any eligible expenses incurred before June 30 2022 and you have claimed as usual in your 2021-22 tax return, you can claim an additional 120% for this period in your 2022-2023 tax return.

What can you claim under the ‘Small Business Skills and Training Boost’

You can claim any sort of external training, but the training must be registered by an Australian entity/entities. Expenses incurred due to In-house/On-the-job training however not included.

This will help you to invest more in upskilling your employees and if needed train new employees aswell, especially with use of any new technologies you have invested in. If you are currently trying to start your digital transformation journey with an ERP system, you will need to train your employees to make the implementation process a success.

To make this process easier, we at Triumph have partnered with CA Management to give your employees a monthly opportunity on how to use our proprietary and highly secure business software to help your business grow (For more info or to book your place please call 9470 9922 or email; support@caman.com.au).

The Digital Transformation Journey with Triumph ERP

Triumph ERP logo

The term Digital Transformation is used quite often as a buzzword with no clarity on what it is or the steps you can take to implement it, as part of your overall digital strategy. In layman’s terms, Digital Transformation is the integration of digital technology into all areas of your company, to streamline and improve traditional business processes, a transformative step that changes how your company operates and delivers value to your customers.

Knowing where, when and how to start can be stressful and often confusing, not just for you but also the internal stakeholders who are the forefront of operations in your company.

Ensure, internal stakeholders understand why your business requires such a transformation, how it would help the future of your company and your customers needs.

Remember that planning a Digital Transformation with an ERP implementation requires you to look at not where the business will be in a year, but in a decade’s time. This requires you to pick an innovative ERP system that not only offers integration but is also scalable in the future as your business grows

SMEs,Tax
An All in One Enterprise Resource Planning Solution

Triumph ERP offers a modern and customisable enterprise resource planning solution that enables you to run all the business processes within your organisation on one simple-to-use system.

Improve your financial controls and operational efficiency while keeping costs low with our comprehensive, fully integrated, and flexible design.

Designed for small and medium-sized businesses that have outgrown their basic accounting software, our ERP system doesn’t just handle the traditional accounting and bookkeeping functions – it takes a whole-of-enterprise approach to monitoring, controlling, and automating all your business processes.

Triumph ERP software is built upon a modular design, allowing it to be customised and scaled to suit needs, regardless of your industry. With the unparalleled ability to add on modules and users, Triumph ERP is the most capable and affordable entry level ERP software on the market today.

All 36 Triumph modules link together seamlessly to share data and information, creating a comprehensive and fully integrated system designed to maximise efficiency and empower better business decisions.

Whether you are looking for Core Financial, Sales, Purchasing, Inventory, Job Costing, Information Intelligence, or anything in between, Triumph ERP has the features you need to save you time and money.

So…

With these new measures brought on by the federal government, not only do you have an incentive to upskill employees but you can upskill them in software than can help you reach the true potential of your business.

There’s no better time than now to start your digital transformation journey!

An ERP solution like Triumph is highly beneficial for you as a small 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 in your digital transformation journey

6 Ways Cloud ERP can save you Time and Money

Cloud ERP Saving Money

In a global market experiencing rising cost pressures due to inflation, it’s important to look at how your organisation’s infrastructure is built from the ground up, in an effort to cut costs, and still manage to keep your company profitable in the long term by switching to a Cloud ERP solution.

If you have already subscribed to a legacy ERP system that only offers on premise, it might be time to change. With cloud technology kicking off for the past 5 years, it has become more secure, more reliable and furthermore much less expensive for businesses of all shapes and sizes to adapt. 

Switching to a Cloud ERP system is much more cost effective and efficient compared to having on premise systems, here are some key areas where you will be able to save compared to on premise system:


Licensing Fees

Licensing Fees Meeting for Cloud ERP

With a cloud solution you can operate an ERP solution almost immediately without investing in upfront operational costs at the start especially when purchasing the software. Cloud solutions help with cash flow planning and management for small businesses much easier at a lower costs.

Hardware & Servers Costs

Hardware and Server Upgrades for Cloud ERP

With a cloud ERP solution, spending money on manually hosting your solution through your own servers and on top of that, having an IT team to maintain the hardware and software, is really a thing of the past. As a cloud solution is already hosted and taken care of by a team of specialists, your operational costs are much lower. Not to mention upgrades are almost instant and since it’s covered by your Cloud ERP solution this forgoes any additional upgrade costs.

System Maintenance and Upgrades

Cloud ERP

With on premise solutions, upgrades can be quite costly and furthermore can get complicated as on premise solutions usually require an IT team to implement the software as well as maintaining the solution on a daily basis. Switching to a Cloud solution means the providers of the service are solely responsible for the maintenance and upkeep of the system (including upgrades), this cuts costs financially but also time-wise as updates are quicker and automatic.                                                                                                                                                                                                                                 

Customisation

Tailoring your Cloud ERP solution for your business

Any growing business needs a degree of flexibility with their ERP solution as they take on more complex business processes. While an on premise solution can be modified to an extent, they are still linked to existing software code that can get wiped when the system is upgraded, then you have the IT costs to re-implement the customisations one more time. Cloud ERP solutions offer you more flexibility as when software upgrades it does not affect your base code. Similar to Triumph Cloud, you can add and remove modules as you see fit for your business. 

Scalability

Measuring in terms of services for Cloud ERP

Scaling your business means scaling your ERP solution aswell, as processes get more complex your ERP system is going to need more hardware and infrastructure to run, this can be costly especially with On Premise solutions. Whereas a Cloud ERP solution can be scaled up or down depending on your business, giving you the option to only pay for the functionality you require for your business, saving you costly infrastructure costs that are covered by your Cloud ERP provider.


Let’s Sum It Up

Cloud ERP solutions offer your business consistent regular updates, upgrades, lower upfront and operating costs, improved usability, and importantly disaster recovery (as the data is stored outside the business). A Cloud ERP solution is super beneficial for a growing business without being anchored by a costly On Premise solution. Overheads such as infrastructure, hardware and installation costs are all dramatically reduced for companies using cloud-based ERP systems.

Implementing a cloud-based ERP such as Triumph Cloud, has many financial advantages. Your ERP system changes from a capital cost into an ongoing operating cost, preventing the need for large-scale capital upfront.

While a cloud ERP may include initial setup costs and training, you can achieve economies of scale much faster compared to on-site infrastructure. Cost-effectiveness is one of the major reasons businesses are choosing to move to a cloud ERP, rather than stick with an on-site system.

Conclusion

Cloud ERP solutions offer companies some powerful benefits such as agility, better security, lower costs, and flexibility. They remove the difficulty of maintaining and updating systems, enabling companies to make a move and invest their time, money, and resources into fulfilling their fundamental business strategies rather than focusing on the maintenance of IT infrastructure.

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.

What is Big Data?

big data

The key to understanding big data technologies is unlocking its past, its present and its future.

Information is data, and data only started to make an impact within our global economy with the earliest introduction of a data centre for financial institutions in 1955, for the Bank of America. With the introduction of the ERMA Mark 2, banks were able to handle their accounting and cheque systems around the clock. In a way this could be considered one of the first instances of automation within the banking world during the 1900’s, mere kilobytes of data used to manage whole accounting systems compared to petabytes (1000 TB) of data we have access today.

big data

Ok now let’s switch back to the present

With the global advent of IoT (Internet of Things), there has been ever rising surge of devices connected to the internet, gathering and collating huge amount of user data not just for the benefit of advertising companies but also for a variety of industries such as manufacturing and software development to better understand customers but also an efficient manner to build better products and services. This is driven by collating and dissecting big data, transforming it into dashboards through ERP systems that give usage patterns and performance data on your current product line.

Big Data

The future for Big Data is here, and it is through Machine learning

Analyzing big data through Machine Learning has not only produced more data but has learned as the name suggests, to use this data in an incredibly efficient manner. Machine Learning, is a manner of data analytics that learns computer algorithms that improve based on experiential data and by identifying patterns, machine learning can effectively make decisions without human intervention.

Here’s an easy-to-understand example of how machine learning works in your day-to-day devices, like your smartphone such as a virtual assistant software. Be it Google Voice or Siri, the major key to these assistants is voice recognition, however most individuals have varying degrees of tone, language and also manner of speech. By using big data and specifically your user data as a point of input, your chosen virtual assistant is able to better understand over time, becoming increasingly accurate over time with the gradual eventuality of becoming more efficient and effective than real assistants who can not work at the speed and effectiveness of a service such as Google voice or Siri.

Big Data

How do you identify or describe big data?

You can further characterise big data through the following four characteristics

(i) Volume: Well volume is key, as big data is as the name suggest enormous, the size is crucial to identifying the value within the data. For example: The New York Stock Exchange (NYSE) generates 1TB (Terabyte) of trade data each day, if you collate these over months or weeks, this can generate a lot of information through which analysts can determine market behaviour.

(ii) Variety: when handling any amount of enormous information you can expect a variety through analysis, as such Big Data has different types of data you can further dichotomise. These can be such as:

1. Structured: Data that is processed, stored and accessed is through a stringent fixed format giving it a form of structure. Ok, if it’s a bit harder to understand here is a very simple example of structured data

big data

2. Unstructured: This is data that is in its raw form hence being unstructured, it’s even bigger but isn’t actively managed. A simple example of this would be through social media, while it is semi-structured through the use of hashtags if you were to search for interests, however anything related to the hashtags depending on the platform is most times unrelated, but companies are overcoming this by using many strategies such as combining mentions, hashtags and also tags within their network.

(iii) Velocity: This is the speed at which data is created hence ‘velocity’. However, the value of this data depends how the data generation is processed. This can be through the flow of data through financial processes, but an easier example would be again through social media. For example, twitter generates 500 million tweets a day, an incredible amount of data within the span of just 24 hours, this stat could be constantly changing as its users grow at a rate of 8.4% annually.

(iv) Variability: As with any enormous amount of information there is bound to be faults/inconsistencies within the information provided. This same principle is applied to identifying big data, being a variable in itself, there are multiple types of data and sources as well and due to data having constant changes with new information.  As a result companies have started to use of advanced software not only to sort through the information but also to contextualize them.

Big Data

Big Value through Big Data

Data is intrinsically valuable for all businesses. Today, data is capital as the more data a business acquires, the more value it can output not just to effectively manage business processes, but also to analyse customers to better develop existing or new products.

What is big data used for?

So, the key to unlocking the incredible benefits Big Data is the ability to process it, which is done through a Data Base Management System or DBMS as the tech wizards call it. Another way to look at it is to see Big Data as the cow and the DBMS as the butcher who processes the ‘data’.

This gives your business the ability to improve customer service through analysing data from social media services that give you analytics and the ability to strategize to target and achieve higher retention with customers.

It doesn’t stop here you can further use this to analyse consumer behaviour through consumer responses and identify any defects in products (this can be through BETA testing software) and also better operational efficiency in terms of employee management.

Some of the biggest companies today are based on the value they offer through data storage but also processing big data. We can simply look at tech companies such as Google, with the majority of their value driven through data processing, analytics and storage.

Big Data

Reaching scalability through the Cloud

With massive improvements in cloud technology, not only in terms of architecture, with the application of Moore’s law the cost of storage and computation of data has become increasingly more commercially viable, be it outsourcing data storage centres through providers such as Amazon AWS, Azure or even Google, these services often cost less and offer more security than an inbuilt on premise data center, as a business owner you do not have to worry about maintenance costs and more importantly data security.

The possibilities today with the improvement of cloud computing architecture is seemingly endless. Big data has the ability to scale and also be accessible from a variety of devices. As a business if you have invested in cloud computing such as a cloud-based ERP solution for your business, you and your employees can access your customer and company data for your product/service line anywhere, this is especially beneficial with hybrid work environments that are present in the workplace today.

Big Data

So

Just to refresh your memory, Big data is essentially data that can be identified by its incredible volume, velocity (in terms of information) and like any huge amount of information, its variety. These data sets are so huge they are classified as big data, however using regular processing software is not feasible.

The use of an ERP system to drive solutions through business intelligence in an effort to solve problems is a much more succinct approach towards driving value through big data. This is further explained in the next leg of this big data series, to be released soon.

How to email contacts with a single click?

tips and tricks 1

Maintaining contacts is Triumph ERP provides a quick and easy way to communicate with customers and suppliers alike.  With a click your email client is automatically launched with the email address inserted and ready for you to type.


Contacts can be mailed via any of the following options:

  • Bank Account Maintenance (G-B-F-A)
  • Debtor Account Maintenance (D-F-A)
  • Creditor Account Maintenance (C-F-A)
  • Insurance Maintenance (F-F-I)
  • Finance Maintenance (F-F-F)
  • Job Maintenance (J-F-J)
  • Global Delivery Address Maintenance (C-P-F-D)

And via the Contacts button on the application’s toolbar.

  • Contact Maintenance (S-F-F-O)
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