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The Wild West of Ransomware is here…

The Wild West of Ransomware is here…

Ransomware is one of the newest malware threats in the news. (Mal, the Latin root for “bad” or “evil,” forms words like malfunction, maltreat, and malice.) And ransomware is truly bad! An attack will literally hold companies’ user systems hostage until they agree to pay the “ransom” request via Bitcoin or another hard to trace online payment. The FBI is warning it’s on the rise, and not just for single users- businesses, government agencies, law enforcement, healthcare, and academic institutions have all been victims. As UPS recently found out, ransomware is powerful and hard to prevent if you are not prepared. The usual “phishing” or “spoofing” of malware is becoming more common. Hackers are now better at designing corporate brand logos, legal disclaimers and colors to fool the consumer, tricking the clicker to click. But the world of ransomware is taking a huge leap with sophisticated hackers infecting corporate data platforms and stealing financial data. Recent attacks have wreaked havoc on large scale operations with multiple platforms. Ransomware extortionists like CryptoLocker, Lockey and KeRanger have become the new wild west of ransom hackers. Seeing a ransom note declaring your data access will not return until you send in tens of […]

Why Choose a New Cloud ERP Solution?

Everybody’s getting lean. Manufacturers have known for some time that in order to compete locally or globally, be profitable and grown their companies, they need to adapt lean manufacturing techniques to reduce waste, increase efficiency, sustain continuous process improvement, ensure product quality and support just-in-time manufacturing. Lately these firms have been embracing cloud ERP in their efforts to get lean. Why are manufacturers choosing cloud-based ERP solutions? First, many of these firms have discovered that legacy ERP systems are simply too expensive, difficult to use and don’t grow with their company. Sure, some legacy, on-premise ERP vendors are promising some cloud-based functionality, but often these are bolted-on afterthoughts in an effort to get some of the cloud ERP market share. A true cloud-based ERP solution is one that is designed and implemented in the cloud and takes advantage of storage, real-time access and mobility benefits that the cloud provides. Cloud ERP’s ability to provide real-time access to critical data allows firms to track every step and component in their supply chain. For example, firms can use cloud ERP to track production, receiving, yields and efficiency, and their production workers can then access this data in real time on their smartphones. […]

Quantitative and Qualitative Benefits on Implementing a New ERP System: Part 5

The Bottom Line To purchase a new software suite, vendors must show owners and upper management how the new investment will make money and provide a solid return on investment. Dino Farina, Proveris Scientific founder and CEO knew that his company was consistently overbuying parts and materials just to assure that it had enough in inventory to meet order demand for its nasal and aerosol testing instrumentation. His question was, with cloud manufacturing ERP, would Proveris be able to determine how many of its most popular machines could be built with the inventory on hand? “We were constantly trying to get the answers to such questions,” emphasizes Farina. “By the time we finally got the data, the answers were too late. With manufacturing Cloud ERP, we will now be able to not only find out how many units we can manufacture with the inventory on hand but whether we need more inventory, how much, how soon and at what cost. This will make our business more efficient by increasing our cash flow and improving our resource planning, while giving our customers faster deliveries on their orders.”

Quantitative and Qualitative Benefits on Implementing a New ERP System: Part 3

Both Continuous Software Enhancements and Customizations Must be Addressed Most small companies do not have the resources to develop and maintain all of the features their growing businesses demand. The old legacy softwaredoes not allow the customizations and integrations they need and they do not want to get caught into a future legacy problem. However, It makes little sense for an owner of a smaller business to invest in a new Cloud ERP if the new software won’t provide the answers needed that are so sorely wanted from the present elementary system. To spend more money to be in the same vacuum of information is simply a waste of money, even though it might interface with salesforce.com. Yes, there might be some improvements but not enough to force a solid payback on the new ERP. The same holds true for larger concerns. With the supply chain now being global, additional importance is placed on certain features of ERP, such as multi-plant inventory, planning and tracking offreight and other shipment logistics, plus having to track consigned inventory and sub-contract expenditures. Increased machine automation in some industries means that they require more analysis regarding the cost of materials versus the cost of […]

Quantitative and Qualitative Benefits on Implementing a New ERP System: Part 2

Qualitative Benefits of a Cloud ERP System Now, let’s focus on the qualitative approach to making the ERP case. The best examples I can give are the reasons our customers gave us for implementing our Cloud ERP solution. There were basically two main groups of customers and all used salesforce.com®. If the company was smaller and growing, they were previously using spread sheets or very simple ERP packages that they had outgrown. “We had been running all of our reports in Quickbooks,” reports Northeast Lantern Vice President Christopher Heal. “We then needed to take the various reports, export them into Excel and formulate a single new report just to find the information we needed. Nonetheless, we still didn’t track inventory or have a snapshot of our production flow. Manufacturing cloud ERP will now help us do that, which will mean our customers will be able to get product faster.” If the customer was larger, it had been using an on-premise ERP system that was no longer providing the help that they needed. A company with multiple divisions and differing ERP systems cannot obtain the global deployment and integrations of systems that it needs to be competitive. The cost/benefit analysis for […]

Quantitative and Qualitative Benefits on Implementing a New ERP System: Part 1

There have been a series of articles on this subject and the topic is covered in almost every software manufacturer’s PowerPoint presentation to a new prospect. There are many reasons, including growing revenues, creating business efficiencies, aligning the various departments of a company into a cohesive unit and so on. Lofty goals all. The truth is that every company has a unique set of circumstances and will require its own way to justify a major project. In general, a good approach is to look at the investment from both a quantitative and qualitative perspective. Let’s begin with the quantitative. The first thing most companies examine is how much inventory reduction they will obtain with an effective ERP system. Industry analysts generally agree that between a 20 to 30 percent reduction is achievable with improved management of raw material, parts, WIP and finished goods. Even if the incremental improvements are only 10 to 15 percent, this still results in significant savings. Forecasting and scheduling improvements resulting from an effective ERP system will have a positive impact on purchased materials and components. With the ability to provide firmer commitments with predictable lead times to the company’s vendors, purchasing departments can negotiate better […]