Optimizing Enterprise Time Management: Your ERP Can’t Handle Your Unique Time Use Case (2/3)

The majority of Fortune 500 companies use some form of Enterprise Resource Planning (ERP) implementation to keep their operations running as smoothly as possible. Still, with the quickly changing landscape of the modern workplace, the ERP implementations that these companies have come to rely on are failing to adapt to the level of innovation, accessibility, flexibility, and ease-of-use required to stay competitive. And, without any major advances in ERP, the time and effort it costs just to maintain these systems continues to increase, especially when it comes to maintaining and optimizing your enterprise time management.

In the first segment of our three-part series on optimizing enterprise time management, we discussed the ways in which your ERP implementation is likely outdated and wasting considerable company time. Today in Part 2, we’ll cover the specific ways your ERP lacks the proper design to meet your organization’s localization needs, and is ultimately fragmenting your enterprise time data:

Localization needs go unaddressed

To ERP vendors, time is just another feature with one general, catch-all use case. However, for the geographically-spread, multi-location businesses of the world, there’s not so much one use case, but thousands. The more a business grows and expands past its initial headquarters, the more difficult it becomes to continue to fit their own business-specific reality — complete with different localization needs — into their ERP’s plain-vanilla use case for time management.

Band-aid solutions create data silos

ERP investments can date back 15 years or more, and the further back the initial investment, the more convoluted and difficult it becomes to maintain. ERP change management becomes a vicious cycle with companies seeking disruptive and expensive band-aid solutions to bridge gaps in their ERP. Companies employ CRM, HRIS, PSA, and additional solutions to fill gaps in their original ERP solution, but in doing so isolate the information held in these systems to each separate system. These data silos make it challenging and time-consuming for executives and managers to get a holistic view of time data and other metrics across their enterprise. It also often requires significant administrative overheads and manual intervention to even get close to a centralized view.

The bottom line: All of this hinders effective time management across your enterprise.

Legacy ERP implementations and patchwork solutions have left enterprise time data fragmented in multiple systems – in ERP, CRM, HCM, BI, and even Excel. Businesses lack a single source for collection, which makes harnessing and managing the time data a tedious process that ultimately costs businesses significant overhead. This lack of visibility and control over enterprise time data then spills over into payroll, client billing, and shared services and can result in continuous errors, correction overhead cycles, and payroll and revenue leakage.

Make sure to stay tuned for Part 3 to hear some solutions to these common challenges.

Regina Mullen
ABOUT THE AUTHOR
Regina Mullen
Regina is the Workforce Management Expert & Content Marketing Associate for Replicon. Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

PSA vs. ERP: Why It’s Crucial to Know the Difference

For any business, time is as important as capital, assets, and resources for its success. On average, employees contribute their time towards: Operational expenditures Increasing efficiency of business processes Financial…Read More

Leveraging AI to Improve PS Revenue Planning and Pricing

Of all the processes that a business must undertake, forecasting financials is one of the most important. Forecasting allows for informed strategic decisions, so it makes sense that it should…Read More

News from the week beginning 26th April

By Steve Brooks - May 03, 2021 Last week SD Worx made a strategic acquisition in the Nordics, buying Aditro. IFS announced its Q1 results with significant growth in its…Read More

Demystifying the millennial workforce: 5 tips from Trunk Club’s Andrew Anderson Devine

Time magazine labels the millennial generation the “most threatening and exciting generation,” infamous for “narcissism [and] its effect: entitlement.” In the workplace, the perception of the millennial workforce is no…Read More

Seven critical ways to achieve global project success

There was once a time when managing a project at work was fairly straightforward. Everyone was in the same location, or at most a mere phone call away. You’d set…Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates