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Capturing the Power of Efficiency through Cloud ERP Investments


Capturing the Power of Efficiency through Cloud ERP Investments

Enterprises are standing at the threshold of a revolutionary era, poised to harness the transformative potential of cloud-based Enterprise Resource Planning (ERP) solutions. This isn’t just a technological shift; it’s a journey towards unlocking unparalleled efficiency. Join us as we embark on a voyage into the realm of Cloud ERP investments, where innovation converges with practicality to redefine the landscape of operational excellence.

Read also: Revolutionizing Fintech: The Integration of AI in ERP Systems

The Enterprise Resource Planning industry is undergoing a seismic shift from traditional on-premise setups to dynamic cloud implementations, driven by a myriad of compelling advantages. These include a reduction in total cost of ownership, streamlined implementation costs, and accelerated delivery of initial scope. Moreover, the transition promises expedited time-to-value, adoption of industry best practices, seamless upgrades ensuring business continuity, scalability, and a constant stream of innovation. Cloud ERP solutions, adorned with artificial intelligence, machine learning, robotic process automation, and analytics, are reshaping operational paradigms and propelling businesses towards unprecedented heights.

However, navigating the complexities of cloud ERP implementations demands a meticulously structured approach to ensure success, return on investment (ROI), and desired business outcomes. These implementations unfold across various phases: preparation, exploration, realization, deployment, and operation. Given the protracted nature of these endeavors, which span multiple years contingent upon factors like company size, data volume, and business segments, certain phases may overlap.

In the preparatory phase, dubbed Phase 0, an exhaustive evaluation of ERP options is undertaken, aligning with the company’s unique business processes and software capabilities. This entails a meticulous inventory of legacy systems and applications, alongside an assessment of ERP integration capabilities. Depending on program size, select tasks may be outsourced to business integrators and system integrators, while internal teams, equipped with deep business process expertise, are forged to shepherd the cloud ERP implementation journey.

Strategy diversifies depending on company scale, whether operating within a single country with a global customer base or spanning multiple nations with diverse operational facets like factories, distribution centers, and outsourced manufacturing units. Here, product integrators, endowed with ERP system mastery, assume the mantle of design authority, ensuring seamless integration and operational excellence.

The exploration phase delves into existing business processes through fit-standard workshops, engaging stakeholders across diverse business realms such as plan-to-fulfill, source-to-procure, lead-to-cash, and beyond. The aim is twofold: discerning processes amenable to standardization while identifying gaps necessitating configuration, customization, or enhancement.

As the journey progresses into the realization phase, detailed functional and technical specifications crystallize into tangible custom solutions, meticulously coded to meet defined parameters. Deployment unfolds through iterative cycles of system integration testing, data migration, and comprehensive training programs, accompanied by robust change management initiatives to prepare personnel for the transformative shift.

The pinnacle of the deployment phase culminates in the transition from legacy systems to modernized cloud ERP platforms during the much-anticipated Go-Live event. Subsequently, meticulous hyper care attention ensures system stability, addressing any lingering issues, paving the way for the operational run phase, characterized by ongoing production support.

These delineated strategies serve as a compass to unlock the true potential of productivity and efficiency through judicious technological investments.

About S V Prasad Gandhikota

Prasad Gandhikota is a Senior Business Consultant at SAP America. As part of his role, he assists some of the best-known Fortune 500 companies across North America in their digital and business transformation programs as a trusted advisor. Prasad has held various leadership roles in supply chain manufacturing functional consulting, project management, and program delivery management. He has consistently demonstrated his capability to make sound operational decisions by delivering excellence throughout the customer transformation journey, impacting the entire company.

trade finance art

How Masterworks Is Leading the Evolution of Finance for Blue Chip Art Transactions

Art has long been used as an investment as well as a source of delight and contemplation. As an asset that can outperform inflation and is not correlated with other assets, art — particularly blue chip art — serves as an excellent hedge against economic turbulence. 

This has made it particularly attractive over the past few years of extreme uncertainty and turmoil, and will likely continue to do so for the next few years too. Records show that over the past quarter-century, contemporary art has driven average returns of 12.1% annually, 1.9x that of the S&P 500 over the same time period and with only negligible correlation to that index. 

Yet blue chip art was also long out of reach for many people. Finance served as a near-impenetrable barrier in a number of ways. Ordinary investors struggled to access the funds needed to buy blue chip artwork, were deterred by the difficulties liquidating those funds when necessary, and lacked the networks to help them to find buyers. Additionally, even art lovers weren’t confident that they could select paintings likely to appreciate over time.

A startup called Masterworks, and the investment platform that bears its name, were established some five years ago to change the way finance works for blue chip art, bringing down those barriers and removing obstacles that impeded cash flow around the art market. Since that time, it has gained momentum from the growing trend of democratizing finance, alongside approaches such as P2P lending, crowdfunding channels, and decentralized tokens, currencies, and finance platforms in general. 

The success of Masterworks is clear. Five years down the road, the platform has close to 400 individual painting investments totaling $1 billion in value under management, over 880,000 members, and no less noteworthy, it’s brought a breath of fresh air to finance pathways for blue chip art. Here’s a closer look at the ways that Masterworks has altered finance for art investments.

Lowering barriers to entry

Masterworks has successfully applied the fractionalized investment model to art. 

Each artwork that it offers is securitized with the SEC, which turns it into an LLC that is then divided into a number of shares. Those shares are offered for sale for as little as $20, making it far easier for investors to find the funds to invest in artwork. 

Typical art investors enjoy their art in their homes, but that’s not an option for fractionalized investors. Masterworks’s new gallery, Level & Co, lowers these barriers too, by exhibiting its art on an appointment basis for those who own or are interested in the artworks. This allows investors to view and interact with their art up close, unlike typical fractionalized purchases. 

Improved liquidity

As mentioned above, liquidity is a key concern for retail investors thinking about buying art. 

Masterworks has addressed this by setting up a secondary market where people can trade their shares in artworks whenever they like. This enables far faster access to liquidity than selling or auctioning your artwork. 

It can take months or years to find a private buyer, and auctions take time and effort to set up. Sellers need to arrange a meeting, agree on a reserve price, and may have to wait until the auction house has more items to present in a single event. You’d also need to pay for shipping, storage, evaluation costs, and more. 

Smoother paths to purchase

The art world typically functions like an exclusive club, with buyers and sellers finding each other through long-established and sometimes complex networks of relationships. This too serves to bar entry to retail investors. 

Masterworks opens up pathways to connect buyers and sellers, to ease the journey for art sales.

Level & Co plays a role here too. People who are not part of the traditional art world can visit the gallery to view the art, and meet art aficionados and financiers at the same time to expand their networks and forge those relationships. By exhibiting fractionally owned art, Masterworks also creates opportunities for high net-worth investors to view artworks and make an offer to buy, which is less likely to happen when the art is in a warehouse on the outskirts of town.

Support for purchase choices

Trends in demand for art styles and artists change frequently, so it is difficult even for an art lover to determine which pieces are most likely to increase in value and would therefore be suitable for investment. While there is data from auctions and public sales, it is not standardized or centralized, making it very difficult to assimilate into a solid prediction. Additionally, private sales data is kept private, so there’s no way to know the prices that many items changed hands for. 

Masterworks gathers data from auctions and auction catalogs, together with “repeat sales data,” namely the price paid for the same artwork at different times. It then analyzes the data to produce a price index that indicates which pieces are predicted to appreciate in value. The company also does the legwork in verifying the artwork’s provenance. Investors may not have the time or knowledge to do this, but it’s vital to prevent nasty surprises that could lower resale value.

It’s worth noting that this data-based approach has driven significant performance success to date. 2022 saw Masterworks pay returns totalling $25 million to its investors, and eight of the last nine sales it held resulted in 14% average annualized returns. Even the company’s worst-performing piece, by Andy Warhol, delivered 4.1% annual gains, and the highest-performing artworks are driving well over 100%, with a piece by Cecily Brown showing annualized net returns of 788.1%. 

Blue chip art finance models are receiving a facelift

Masterworks is spearheading a refreshing and more open approach to art investments that presents a disruptive model for fine art finance. While the traditional model of private sales, exclusive networks, and exclusive auctions is likely to continue for some time, it’s no longer the only option on the table. 

About Autor

Virginia Andrus is an independent Digital Marketing Consultant with 6+ years of marketing experience. Virginia is a chef by heart. In her free time, she is either writing marketing copies for brands and agencies or experimenting with new recipes at her home.


Unlocking Financial Prosperity: Managing Banking and E-Commerce in the Future

In the rapidly changing digital landscape, e-commerce, banking, and finance are leading the way in transformation. Knowing the ins and outs of this financial growth is crucial as technology is changing the way we handle our finances and make transactions. This essay explores the intriguing opportunities and difficulties of the future and provides guidance on how to successfully navigate the shifting financial, banking, and e-commerce landscapes in order to achieve financial prosperity.

The Digital Financial Revolution

The days of just being able to conduct financial transactions at physical banks are long gone. A new era of finance has been brought about by the digital age, allowing us to invest, access our accounts, and make payments from the comfort of our homes. Mobile banking apps, online payment gateways, digital wallets for banks, and cryptocurrency are just a few examples of the digital financial revolution. As the technology continues to advance, we can anticipate even more innovations that simplify and enhance our financial lives.

E-Commerce: Changing the Way We Shop

E-commerce has become an integral part of our daily lives. The convenience of online shopping, the wide array of choices, and the ability to compare prices with a click of a button have revolutionized the retail industry. As consumers, it’s important to stay informed about emerging trends in e-commerce, such as augmented reality shopping experiences and the rise of sustainable and ethical consumerism. Navigating the e-commerce landscape involves making informed choices and ensuring the security of your online transactions.

The Intersection of Banking and E-Commerce

One of the most exciting developments in the financial world is the intersection of banking and e-commerce. Traditional banks are adapting to meet the changing needs of customers, offering seamless integration with e-commerce platforms and enabling online businesses to manage their finances more efficiently. As a business owner or consumer, understanding this convergence is essential for staying competitive and safeguarding your financial interests.

Financial Security in the Digital Age

With the benefits of digital finance and e-commerce come new challenges, particularly in the realm of security. Cybersecurity threats, data breaches, and online fraud pose risks to both businesses and individuals. Exploring strategies to protect your financial assets and personal information is a crucial aspect of navigating the future of finance, banking, and e-commerce.

Adapting to the Future

As the financial and e-commerce landscapes continue to evolve, adaptability and knowledge will be your greatest assets. Keeping up with industry trends, staying informed about regulatory changes, and making informed decisions will help you unlock financial prosperity in this dynamic environment.

In conclusion, the future of finance, banking, and e-commerce holds immense potential for individuals and businesses alike. To harness this potential and unlock financial prosperity, it’s vital to stay informed, embrace innovation, and remain vigilant in the face of emerging challenges. By doing so, you can navigate the exciting future of finance and e-commerce with confidence and success.