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Which ERP module is best for MBA finance field to study ? Any best answer please

I wanted to see this video because as a start up I need to do all the things and need the kitchen sink too. My decision is now to select the odoo instead of Zoho. Keyword was “developer community”. When there is healthy ecosystem then that makes that there is upgrades. I like the founders ideas too.

1. Why is effective contract negotiation so important? Marcus Harris emphasized that: Setting Expectations: Contract negotiation provides a chance to align expectations between the client and vendor regarding project responsibilities and outcomes. Project Management Framework: Effective negotiations are essential for creating processes to manage vendor relationships and project dynamics over the life of the project and beyond. Legal and Practical Perspectives: While legal terms are critical, it’s equally important to view the contract as a strategic tool to ensure smooth project execution. 2. Potential pitfalls or traps customers may walk into during the process? Over-focusing on Price Discounts: Customers often focus excessively on upfront cost savings, ignoring critical terms that could influence long-term costs and project management. Ignoring Change and Dispute Management: Missing the opportunity to negotiate change management and dispute resolution processes can lead to challenges during implementation. Over-reliance on Legal Abstracts: Focusing only on warranties or liabilities while neglecting practical project considerations can result in operational inefficiencies. 3. What are some nuances to watch for in cloud subscription-based models compared to on-premise contracts? Exit Flexibility: Cloud contracts often have automatic renewals and price escalations. Negotiations should prioritize short commitments with maximum flexibility to exit. Data Handling and Ownership: Customers must understand how their data is stored, managed, and returned. Cloud vendors may bundle data with others or charge fees for data transfer or breaches. Hidden Cost Risks: Subscriptions often include escalators, add-on fees, and fewer upfront controls compared to perpetual on-premise licenses. 4. Thoughts on the cost side of cloud contracts versus traditional on-premise? Higher Long-Term Costs: While cloud solutions might appear cheaper upfront, ongoing fees, escalators, and switching costs can significantly increase total expenditures. Locked-in Relationships: Vendors often design cloud contracts to create high switching costs, making it difficult for customers to move to alternative providers. Data Portability: Clients must ensure contracts include provisions for data retrieval at reasonable costs to avoid "hostage situations." 5. Nuances of negotiating with system integrators or implementers? Resource Allocation Risks: Vendors may promise top-tier consultants but deliver less experienced teams if higher-priority clients emerge. Vague Scope Definitions: Contracts often lack specific language, leading to scope creep and additional costs. Training Grounds for Inexperienced Staff: Large integrators might use projects to train junior consultants, increasing risks of project inefficiencies. 6. Differences between negotiating with larger system integrators versus boutique ones? Larger Integrators: More structured contracts but with rigid terms favoring the vendor. Potential to use projects as "cash cows" or for training purposes. High risk of billable hour inflation due to weak project scope controls. Boutique Integrators: More resource constraints, requiring clear guarantees of consultant availability. Less sophisticated contracts, often needing significant negotiation to align with client needs. 7. Who controls and owns the project-the client or the system integrator? Contractual Ambiguity: Integrators often place control ambiguities in contracts, leading to finger-pointing during disputes. Project Management Responsibility: The client often lacks the recent, practical experience needed to manage large-scale implementations, leaving them vulnerable. Remedies: Strong language in contracts around milestones, deliverables, and change management can help clients maintain control. 8. What is the “bread and butter” of the integrator? Control and Flexibility: Integrators aim to maximize control over project management while protecting their revenue streams. Revenue Maximization: They often expand scope or inflate billing hours, increasing project costs. Defensive Provisions: Contracts are designed to allow integrators to shift blame onto the client if issues arise. 9. Beyond just the pure T's and C's (terms and conditions)? Practical Application: Contracts must address real-world project risks and implementation challenges, not just legalities. Operational Terms: Examples include defining project status reporting, scope management, and integration responsibilities. Strategic Planning: Legal counsel experienced in software contracts can anticipate common failures and include preventive measures. 10. Closing things you would summarize? Avoid Over-Focusing on Cost: Think beyond initial costs and plan for long-term flexibility in managing software and vendor relationships. Prioritize Project Management: Strong project management terms in contracts are crucial to mitigate risks and prevent failures. Invest in Early Legal Counsel: Early legal advice focused on software contracts is cost-effective and helps avoid expensive litigation later. Holistic View: Combine strategic and legal perspectives to address practical, financial, and technical challenges effectively.

Joining from Ghana

What is the top ERP in USA for energy companies and manufacturing?

Thanks for the forecast! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

Interesting accent!

The issue is them gains cans

Hello from Ghana. Emmanuel here. 😊

.Your video quality presentation is so amazing but do you know why your video is not getting the expected views? Your channel needs some updates to increase the view ,

Thank you, this is interesting for our students in marketing, Greetings from Sweden

Women are not built to be leaders

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Oracle Fusion is a clunker. Not seamless but stitched together modules, more reactive than innovative. Too much reliance on IT and AMS due to complexity. No thank you! The review does not factor in many important aspects of living with a system day to day.

Fantastic 🎉

Excellent analysis, thanks! 👌 I’ve got a question: 🤨 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷‍♂️

Years ago Hersheys reached out to me as an SAP expert. Couldn’t entertain the possibility because I didn’t want to move the family to Pennsylvania. They were so nice through the process. Too bad they didn’t have a good person guiding them. Great video as always!

Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?

True statement

Used this as a starting point for a college research assignment, thanks!

Kindly elaborate more on the communication

Does Odoo support manufacturing modules?

Reston, VA

The art of talking without saying nothing 😂

Great insights, Scott - and great hosting Eric. Thanks!

Great and thank you for this wonderful presentation I have a question: Can I resell the Odoo system to my clients under my brand as a SAAS?

I'm a mid-career consultant, after building 25 years of hard-won experience and honestly I love it. The key is to be humble and do a lot more listening than talking.

I joined from Ghana, West Africa

Is Sugar Crm good for non profits???

1- With the rapid pace of technological advancements, how can we ensure that the ERP systems we choose today will remain relevant and scalable to accommodate future business needs and technological innovations? 2- User adoption is crucial for the success of any ERP implementation. How do the top ERP systems for 2025 address user experience, training, and ease of use to ensure high adoption rates across diverse user groups within an organization?

Looking forward 😊

great topic

i am a Technical recruitment background looking for switch carrier in workday hcm or oracle hcm which one is better

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9:31 I think you may be right

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thanks

Justify why it is important to align implementation of Integrated Management Systems with organizational structure?

What is the best 5 ERP systems for government agencies with secret data

can we get the proper video about this ma'am?

Her name??

You look alot like malkova

lots of clients are blinded by big established partners like IBM, Accenture, big 4 & misses out on specialized SAP Partners who can deliver better results

Thanks for sharing this guys. I like to know how NOT to implement ERP solution

Suddenly i dont care about a.i 😂

And vice-versa, software isn't the solution, you are (but software can help)

so Aptean is number 1 on the list of F&B ERP companies??

Really good information All on point