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It Costs How Much? Or Why You Shouldn’t Just Use Total Cost of Ownership (TCO) For Performance Improvement Solutions or Shoes…

03/06/2012 at 6:57 am

Recently, I wrote about the importance of performance metrics and how we manage what we measure. Today, I want to get more serious about metrics and discuss in my opinion the most important metric to utilize when buying software or shoes – TVO. No, wait, it’s not what you think. It’s not a typo, this…

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“This Code is like Soduko, but with Fractions!” Or Seven Factors to Consider When Calculating Total Cost of Ownership (TCO) for Performance Improvement ERP, CRM or BI Solutions…

02/28/2012 at 6:54 am

The quote in this title is from my favorite television show, “The Penguins of Madagascar”. With a seven year old in the house we watch a lot of cartoons (although, often times I can be found alone watching Penguins. It’s just so darn funny.) Sometimes calculating the total cost of ownership of software investments can…

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Enterprises can glean quite a few benefits from business software

12/08/2011 at 1:00 pm

Virtual business software can often seem like a luxury that organizations won’t be able to afford. This can make it difficult to convince executives and planners that it’s a wise investment. Consequently, advocates need to be able to clearly articulate why a company can benefit from the adoption of commercial software that automates business practices…

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Regularly tending to the ERP garden

10/27/2011 at 10:56 am

There is no denying that enterprise resource planning and other business software solutions represent a great leap forward for any company that implements them.

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Calculating TCO: an important measurement of ROI

08/11/2011 at 12:07 pm

When it comes to selling executives, shareholders and managers on the virtues of enterprise resource planning software, what often becomes the crux of the discussion is money.

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Total Cost of Ownership – Don’t Underestimate (or overestimate!)

01/24/2011 at 8:37 am

Business executives are getting good at citing TCO and Cost/Benefit as pre-requisites for any major ERP initiative. And they are correct in doing so. Of late we are running into many more TCO comparisons between SAAS (Software As A Service) solutions and traditional Premise (in-house) solutions. I’m shocked! The expectation has been set that the SAAS model will…

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Budgeting 101

11/11/2010 at 2:31 pm

Budgeting can be challenging. Formulating a strategy that incorporates new tactics, reduces costs, and improves bottom line profits can be a daunting task. As we approach the end of fiscal 2010 many organization commence their business planning process and culminate there 2010 actuals to their proposed budgets. According to Mark Carsan a seasoned Controller and…