Revolutionary data analytics discovered the root problem of ERP standard costing system implementations issues, successfully resolved the issue of the client's initial "auditor's qualified opinion" statement of client $32 million variance financial statements reported; a qualified opinion is an auditor's opinion that the financial statements are fairly presented, with the exception of a specified area.

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During our first meeting with a precision engineering group, who envisaged how well their new ERP application software enhancing features could seamlessly manage their complex factory processes.

 

     Nevertheless, the new ERP system became a monster beyond they can handled; with multi-layer of technical operational problem and $32 million unexplained financial reporting variance, which was also complicated by the complex Standard Costing in the ERP system set up.

  

     Fortunately, our revolutionary Standard Costing Variance Analytics © domain know-how and versatile experienced consultants helping to see through their multi-layer issues, with customized solutions.

 

There are many horrendous stories of ERP system implementation mistakes causing project failures as well as tremendous precious hours, efforts and million dollars down the drain....

 

Lessons learnt from the ERP project implementation....

 

• ERP system implementation basic requirHere is a possible response:ement is standard set up of ERP package via Configuration. However, Customization, i.e. modification of the source code could be decided for special business requirements. Often times, business requirements and objectives can be met via ERP Configuration and proper set-up instead of ERP Customization.

• The setting up process of ERP application software seems simple task to many. Nonetheless, any inadequate training and or mistake in system configuration could be leading to confusing and undesirable outcome; not handled by the software developer programming logic.

• Housekeeping and maintenance of the database infrastructural framework.