Bridging the Gap Between SAP ERP and Other Systems of Record
By Bill Wiseman on May 9, 2018
The evolution of data management has changed dramatically over the past 20 years. In the early days of ERP, software providers attempted to create a unified system capable of managing every aspect of your business. Supply Chain, Finance, HR and ancillary products of business analysis were also included in the mix.
As time passed and software and access matured, it seemed like managing every function of your business in a single system was not advantageous. With the evolution of CRM solutions, HR solutions, and Analytics solutions, we saw best of breed solutions moving to the foreground.
Today, companies look at their ERP system as the core of their applications and best of breed solutions provide input and output to and from their backend system. So, managing one version of the truth can often be a requirement for applications that support the IT infrastructure.
One example I recently ran into with a Winshuttle customer was the introduction of a new International Accounting Standard by the International Accounting Standard Board (IASB). IFRS 16 was introduced by the IASB in 2016 and will take effect January of 2019. IFRS 16 instructs organizations to begin accounting for all leases in a different manner by presenting them on the balance sheet. The cost of non-compliance will be substantial to your organization.
The Government making changes to laws is just one type of important event that constitutes changes to business processes in ERP systems. The important point here is that’s it’s often difficult to manage these changes in your core ERP system and even the ancillary best of breed systems which ultimately leads to gaps in our functional systems. In this case, changing financial statements and all the transactions and audit elements required for the changes can produce a tremendous amount of data creation and change.
Being able to bridge the gap is critical. Having an agile solution in data loading and workflow processing is essential. Winshuttle provides a low cost and rapid implementation alternative to building the bridge. Winshuttle’ s technology allows customers to access data from a variety of sources, make timely updates to that data, and return the data to the system of record – SAP. Simple development, security, and the audit trail are at the center of Winshuttle solutions. In addition, rapid deployment ensures customers avoid missing costly deadlines that have a definite impact on your organization’s finances.
About the author
Bill Wiseman is Sr. Solution Engineer at Winshuttle where he has worked since 2010. A Financial Subject Matter expert, Bill has over 13 years of experience in the Enterprise Software Industry as a Presales Engineer and over 20 years of Public Accounting and Private Accounting tenure, including industry experience in Mining, Mill Products and Consumer goods.
Questions or comments about this article?
Tweet @Winshuttle to continue the conversation!