Email Us: help@fsxllc.com
September 13, 2022

Cloud-based Systems Also Found to Deliver Value at Twice the Rate of On-Premise Solutions

/EIN News/ — ALPHARETTA, Ga., Sept. 13, 2022 (GLOBE NEWSWIRE) — A new independent study highlights a significant positive increase in business results when food and beverage companies use cloud-based solutions designed specifically for their industry. The research, sponsored by Aptean, is summarized in the IDC White Paper: Global Food and Beverage Industry Trends and Strategic Insights, 2022, which will be released today. Read also : Everything You Wanted To Know About Commercial Full Size Sheet Pan Racks Full Size in Coconut Creek, Florida. The IDC White Paper shows increased use of industry-specific software by food and beverage companies, with Enterprise Resource Planning and Supply Chain Management Systems noted as the areas most likely to be supported by industry-specific solutions, at 26.9% and 25.3% respectively. . This is a good reason because companies that use industry-specific ERP report a greater increase in revenue and profit (5.3% in revenue and 4.9% in profit) compared to industries that use a general ERP solution (2.9% in revenue and 3.7% in profit) ).

Data from the study also shows that cloud adoption is a key priority for food companies and an important success driver. A quarter of respondents have moved or are moving to the cloud and another 25% are currently investigating a move to the cloud. In particular, companies in the cloud ERP solution reported a dramatic correlation with better financial results, an increase of 6.2% in revenue and an increase of 6.3% in profit, more than twice the increase in revenue and profit during the past 12 months when compared to on-solution premise (2.8% increase in revenue and 3.1% increase in profit).

The study included more than 650 respondents from North America and EMEA, with data collected during May and June 2022. In the IDC White Paper, this year’s data also benchmarks the findings of the IDC 2021 survey, highlighting changes in the industry in the past year.

Further research shows the extensive benefits that digital transformation provides to food and beverage organizations. Of the 98.7% that have implemented digital transformation initiatives, nearly 75% of respondents report an improvement in KPIs in all business areas measured (production, quality, supply chain, logistics, sales, e-commerce, etc.). Furthermore, more than 45% of respondents expect to see greater improvements in the next 12 months. Companies at high levels of digital maturity report the highest levels of both experienced and expected improvement.

“With the unique challenges faced by food and beverage organizations, having functionality designed specifically for their requirements leads to a more effective software system overall. This, combined with cloud deployment, accelerates the benefits of digital transformation,” said Simon Ellis, Vice President of Programs for IDC Manufacturing Insights. “As food organizations plan digital transformation and explore cloud-based systems, it’s critical that they find a technology partner that understands their needs.”

TVN Reddy, CEO of Aptean, said, “Aptean’s mission is to provide unparalleled, purpose-built software and superior customer service. This new study confirms that an industry-specific approach leads to better business results for food and beverage companies and that cloud-based solutions will ultimately deliver the best value. The food and beverage industry operates in a challenging and rapidly changing environment. Cloud-based, industry-specific solutions lead to increased revenue and profitability, a competitive advantage that is critical to success.

The IDC White Paper, Global Food and Industry Trends and Strategic Insights, 2022, identifies eight key findings for food and beverage companies. In addition to information on the financial benefits of cloud-based, industry-specific solutions and the overall improvement that digital transformation provides, new research shows how food companies are responding to top industry trends by:

The research findings will be presented by guest speaker Simon Ellis from IDC at Aptean’s 2022 Food and Beverage Symposium. A copy of the IDC White Paper is available for download at https://lp.aptean.com/IDC-2022-Trends-Report-Download-Request.html.

*Source: IDC Whitepaper, sponsored by Aptean, Global Food and Beverage Industry Trends and Strategic Insights 2022, doc #US49610922, September 2022

About ApteanAptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With cloud and on-premise deployment options, Aptean’s unmatched products, services and expertise help businesses of all sizes be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific. To learn more about Aptean and the markets we serve, visit www.aptean.com.

Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other company and product names may be trademarks of their respective companies.

For Media Inquiries Please ContactNicole O’RourkeChief Marketing & Strategy OfficerNicole.ORourke@aptean.com (770) 715-0362

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b70fa2c8-8676-4ea2-a286-a9c471d15102

Findings of New IDC Research Sponsored by Aptean

New Research Finds Use of Industry-Specific Software Solutions by Food and Beverage Companies Increases Revenues and Profits More than Broad Offerings Cloud-based Systems Also Found to Deliver Value at Twice the Rate of On-Premise Solutions

EIN Presswire’s priority is source transparency. On the same subject : Twin Peaks Brings More Scenic Views and Brews to Kansas City. We do not allow opaque clients, and our editors try very hard to eliminate false and misleading content.

Get quotes that will save you money on a variety of services around your restaurants
Read also :
(RestaurantNews.com)  Bisfits.com is an online directory that allows restaurants looking for the…

What is types of ERP?

As a user, if you see something we missed, please let us know. Your help is welcome. On the same subject : Maui, Menu, and Millennials – Where Wow Wow is Headed. EIN Presswire, Everyone’s Internet News Presswire™,

trying to determine some reasonable limits in today’s world. Please see us

  • Editorial Guide
  • for more information.
  • There are four types of brachial plexus injuries: Avulsion is when the nerve rips away from the spine and the most serious type of Erb’s palsy. A rupture is when a nerve is torn, but not from the spinal cord. A neuroma is when a nerve has been torn and healed but has left scar tissue.
  • What are the 5 components of ERP? The Five Main Components of an ERP system are as follows:
  • Finance:…

What type of ERP is SAP?

Human Resources (HR):…

What are the different types of ERP in SAP?

Manufacturing and logistics: …

What kind of software is SAP ERP?

Supply Chain Management (SCM): …

Is ERP a type of software?

Customer Relationship Management (CRM):

Is ERP and software the same?

SAP S/4HANA Cloud is a ready-to-use enterprise resource planning (ERP) system with built-in intelligence technologies, including AI, machine learning, and advanced analytics.

Is SAP ERP a software?

There are 2 Types of SAP ERP system Modules: Functional Modules and Technical Modules. All SAP Modules integrate with functionality and provide the best solution for Businesses.

What are the two types of ERP vendors?

SAP ERP is an enterprise resource planning software developed by the company SAP SE. ERP, or enterprise resource planning, software is modular software designed to integrate the major functions of an organization’s core business processes into a unified system.

What are the two types of ERP?

Enterprise resource planning (ERP) refers to the type of software used by organizations to manage daily business activities such as accounting, procurement, project management, risk and compliance management, and supply chain operations.

What are ERP vendors?

Enterprise resource planning is technically a type of software, the only difference between ERP and other simple software is that ERP is not for one module or part of the organization but as a whole, it integrates all the functions of the organization to make it a unit. .

Rise southern biscuits & righteous chicken opens first west coast restaurant in california
This may interest you :
Nation’s leading biscuits and fried chicken franchise continues to expand rapidly with…

What type of system is SAP?

SAP ERP is an enterprise resource planning software developed by the company SAP SE.

To see also :
Watch more details and recent in-depth reviews of Commercial Cabinet Bases in…

What is ERP and how does it work?

Types of ERP Vendors They can also be classified as: Horizontal â Vendors with solutions for multiple industries. Verticals â Vendors that offer complete solutions for specific industries.

Types of ERP Systems: Cloud vs. On-Premise vs. Hybrid The most common types of ERP systems include cloud ERP, on-premise ERP, and hybrid ERP.

What is ERP in simple terms?

Typically, ERP vendors sell ERP systems in modules. Modules are purchased individually based on the needs of the company. Most ERP software systems are flexible enough that businesses can implement modules by modules, without purchasing and implementing the entire package in one go.

What is an ERP and examples?

SAP Software is a centralized enterprise management system, also known as Enterprise Resource Planning. SAP stands for System Applications and Products in Data Processing.

What is ERP and why is it important?

ERP stands for âEnterprise Resource Planningâ, a consolidated process of collecting and managing business data through an integrated software suite. ERP software contains a set of applications that automate business functions such as production, sales quoting, accounting, and more.

How does ERP work with example?

What is an ERP system and its benefits? ERP systems allow you to collect, store, and analyze data across your operations in one centralized location, providing a single source of truth and visibility to act more strategically. That centralized data allows businesses to access information in real-time and generate more useful reports.

What is ERP and how does it work?

Enterprise resource planning (ERP) refers to the type of software used by organizations to manage daily business activities such as accounting, procurement, project management, risk and compliance management, and supply chain operations.

What are some examples of ERP modules?

Starbucks. Starbucks uses Oracle ERP â a cloud-based software solution used to automate back-office processes and daily business activities. It is a business management software suite that includes financial management, supply chain management, project management, accounting, and procurement.

How does a ERP system work?

Enterprise resource planning (ERP) manages and integrates business processes through one system. With a better bottom line, companies can better plan and allocate resources. Without ERP, companies tend to operate in a siled approach, with each department running its own disconnected system.

How does ERP system work in an organization?

For example, in the supply chain industry, an ERP system can automatically run financial analysis and predict future stock needs to keep inventory at a healthy level. This process control ensures that the manufacturing department is functioning at optimal capacity and that the requested products are in stock.

What are the five major process in an ERP system?

ERP is an acronym that stands for âEnterprise Resource Managementâ, a consolidated process of collecting and managing business data through an integrated software suite. ERP software contains applications that automate business functions such as production, sales quoting, accounting, and more.

How many types of ERP are there?

Common ERP modules support back- and front-office functions like finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management (CRM) procurement and workforce management.

Essentially, ERP is an application that automates business processes and provides insight and internal control, drawing on a central database that gathers input from departments including accounting, manufacturing, supply chain management, sales, marketing and human resources (HR).

Is ERP a type of software?

ERP systems work via a central database. Users view dashboards to view real-time data across different business units such as sales, supply chain management and personnel. Say you’re in the business of assembling breadbox-sized widgets with parts from 10 suppliers.

Is ERP a system or software?

The five main processes in a typical ERP system are: finance, logistics, manufacturing, HR and sales/marketing (see Figure (4)). The ERP system’s focus is on the efficiency and effectiveness of internal processes. …

Is ERP and software the same?

There are three main types of functional ERP systems with different deployment model options. The most common types of ERP systems include cloud ERP, on-premise ERP, and hybrid ERP.

How many ERP versions are there?

What are the most common ERP systems? Oracle ERP Cloud, Unit4 ERP, FinancialForce ERP, NetSuite and Acumatica Cloud ERP are the most popular among users. SoftwareReview found that these five ERP systems had the highest combined value index and emotional footprint scores of all ERP vendors included in the study.

How do I find my ERP version?

Enterprise resource planning (ERP) refers to the type of software used by organizations to manage daily business activities such as accounting, procurement, project management, risk and compliance management, and supply chain operations.

What is the latest SAP ERP version?

Definition of Enterprise Resource Planning (ERP) Enterprise Resource Planning (ERP) refers to the type of software that organizations use to manage daily business activities such as accounting, procurement, project management, risk and compliance management, and supply chain operations. .

X