All about business-tools, technology and digital transformation

Adaption of ERP Systems

The implementation of ERP Systems evokes many controversial opinions. Should the ERP system adapt to the processes and needs of the company, or is it more sensible to align the approach of the company with the standard processes of the ERP system? Is the acquisition of a new system or the adaptation of the existing solution the best choice? Cloud or on Premise? Questions after questions... Adaption of ERP Systems ERP - Enterprise Resource Planning has been a prominent topic for almost 30 years now, evoking a wide variety of opinions. Whether it's the way of implementation or personalization - expert opinions differ widely. In order for an ERP solution to satisfy the needs of the company, personalization and adaptations are necessary, even if the word "changes" has a negative [...]

By |May 17th, 2019|0 Comments

Agile Banking

Agile- processes, methods, teams, structures, thinking, management. The Buzzword "agile" is in everyone's mouth and slowly starts to become more significant in all industries and areas, but why? Challenges for Banks: Regulations, cryptocurrency, tied resources and economic framework conditions - skip those hurdles through agility. Problem-sources Solved by Agility: When working with classical methods, problems arise that are prevented by an agile approach, or do not even occur. Long decision-making processes and decision durations, rigid structures and the fear of failure are exemplary sources of problems, that are greatly improved or even eliminated through agility. Agility promises not only flexibility, but also an increase in speed and efficiency. Responsiveness to changes, continuous product improvements and active involvement of employees in decision-making, are just a few of the advantages. The banking [...]

By |April 24th, 2019|0 Comments

Legacy-Systems – What to do?

When does it make sense to replace long-standing legacy systems? When does it make sense to replace long-standing legacy systems? Long-term tools can limit work efficiency The systems stagnate and do not develop their portfolio of functions anymore. Corporate strategy is no longer supported In case of system gaps or other problems there is no reliable maintenance or support any more As so often in life, companies are constantly faced with change. The market and the associated demand are constantly changing, the products or services to satisfy the demand must be adapted and so the requirements and necessities of the companies must be aligned accordingly to be able to provide these products or services. However, changes often are negatively afflicted. Innovation managers are constantly confronted with statements such as "Why [...]

By |March 4th, 2019|0 Comments

Company software at a glance

It is almost impossible that IT systems can solve all the problems in a company. It will hardly be possible to implement software to solve all complex and problematic situations immediately. Nonetheless, without powerful and adequate software, all types of business processes are often inefficient, error-prone and cumbersome. It is important to use the right system in the right place and to know the basics, general conditions and functionalities exactly. For this purpose we have created a list including a short description for the most common tools to explain which functions are necessary for which areas.   Project and portfolio management: Project Portfolio Management (PPM) is the process of planning projects and programs from start to finish and deciding in which areas the company should invest. These should support the [...]

By |January 25th, 2019|0 Comments

New Product Development & Agile

Constant innovations and outstanding technologies form the basis for the success of many companies. Although most companies already know that working with simple tools such as Excel task lists or email traffic significantly slows efficiency and time-to-market, most are still unsure of what is really important in New Product Development. In order to give our recent webinar a written form, we have written an article on the subject, so that all those unable to attend also have the opportunity to gain an insight into the matter. Although product innovations are so important, many fail after entering the market. According to a study published in the Journal of Product Innovation & Management, we are talking about 40%-50%. These usually must be taken from the market, before they supply at all a [...]

By |October 16th, 2018|0 Comments

The Importance of Digital Transformation

A trend we should follow? The digital and technological changes of the past few years have undoubtedly been one of the most serious and forward-looking changes of recent decades. Digitization means a change in the company. Analog processes are converted into digital areas in order to simply store, retrieve or process all information. Complex work processes and cumbersome business processes are digitally mapped and simplified in order to save time and money. Every organization that wants to do business in the future or even strives for growth must orient itself to the constantly changing world of technology. Digitization is no longer a future concept, but already dominates the present. Not only the IT industry is affected by digitization processes, but also automobile or food manufacturers, service companies and countless other [...]

By |September 27th, 2018|0 Comments

Requirements Engineering

Good and professional requirements are the foundation for a successful software! Requirements Engineering (RE) has been on everyone's lips for several years and is still gaining importance. Requirement analysis is indispensable for the successful introduction of new software solutions. In the long run as well as in the short term, not only problems are saved, but also a lot of time, costs and nerves. Why Requirements Engineering? According to the Chaos Report 2006 of the Standish Group, within twelve years (between 1994 and 2006) the processing of software projects has changed enormously for the better due to well-founded requirement analysis. In 1994, about 30% of the software projects examined failed, 10 years later it was only 20%. The projects with high customer dissatisfaction and time or budget overruns also [...]

By |September 26th, 2018|0 Comments