Poor Accounting Practices, Not the Skill of Thieves, Results in Financial Losses
A recent article in the Wall Street Journal titled ‘Hackers Trick Email Systems into Wiring Them Large Sums’ discusses losses estimated at $1B over the last two years from email hacking schemes. The gist is that thieves get control over email accounts and then direct company employees to pay possibly legitimate invoices to fraudulent bank […]
15 signs that it might be time to reevaluate your ERP solution
Implementing a new ERP solution is a decision that most companies choose to avoid until it becomes absolutely necessary. This is understandable when you take into consideration the sizable capital investment and time commitment that goes along with it. Not to mention the potential risk that companies are exposed to (unexpected delays & costs) during […]
Tips to “Lean-Out” the RFP Process for Software Selection
A crucial step to any software selection process is the creation of the Request for Proposal (RFP) documents. These documents help companies identify which product(s) / vendor(s) will be the best fit in terms meeting their pre-established requirements. However, most companies are not doing their due diligence when it comes to gathering requirements, which is […]
Calculating the Post-Deployment ROI of your ERP Investment: 3 Step Process
Last week we discussed the importance of Calculating the Pre-Deployment ROI of your ERP Investment, and also gave some insight into how to begin that process. For some of you, it may already be too late to calculate the pre-deployment ROI of your ERP solution. So this week, we’ll go over the steps necessary to […]
Calculating the Pre-Deployment ROI of your ERP Investment
When the term ROI is brought up in relation to ERP investments, it’s often assumed that an ROI calculation can’t be derived until a solution is selected and implemented. But, according to Nucleus Research’s ‘The ROI for ERP: An Overall Approach’ calculating an estimated ROI, before-hand, can help establish a solid baseline for comparison with […]
Alerts in Microsoft Dynamics AX 2012 – Overview Guide
What is an alert?: An ‘alert’ is a system notification in Microsoft Dynamics AX to a user or a group of users. Alerts can be programmed to pop up in the lower right hand portion of the users’ screens in AX. Alerts can also be set to send an email. Alerts can be triggered by: […]
Vendor Price Protection in Microsoft Dynamics AX 2012
Overview: Vendor Price Protection is a topic Microsoft Dynamics AX 2012 Retail Customers often ask the best practice method using standard AX processes. Vendor Price Protections are agreements between the vendor and customer where in the event the on-hand inventory is devalued, the vendor will reimburse the customer for the loss of value. This is […]
Importing Financial Dimension Values for Departments – Microsoft Dynamics AX
The following scenario occurred while I was uploading (via DIXF) the standard financial dimensions for a client in Microsoft Dynamics AX 2012 R3. To review, the standard financial dimensions in Microsoft Dynamics AX 2012 are Cost Center, Department and Business Unit. I ran into a bit of a roadblock while I was using the DIEF […]
US Retail Operations Set-up – Six Compliance Laws & Regulations You Should Know
As a foreign retail entity using Microsoft Dynamics AX; moving your retail business overseas can be a daunting task if you don’t have the proper resources to help guide you through the process. Especially when it comes to United States business compliance laws & regulations. You’ll need to understand which areas of compliance Microsoft Dynamics […]
Leveraging Buyer Push Functionality in AX 2012
Microsoft Dynamics AX 2012 offers rich features when it comes to Buyer Push functionality. One scenario, with setup on using this functionality, is illustrated below. Buyer push can be through a replenishment rule linked to the retail (merchandise) hierarchy; via a replenishment hierarchy using the warehouse location weights assigned or with a fixed quantity to all stores selected. The second […]
