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Improper Payment Reduction — Federal |
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Improper Payment Reduction — Corporate |
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Risk Management |
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Internal Audit |
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SOX Compliance |
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Fraud Investigations |
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ERP Implementation |
Since most businesses do not have the resources to pull front line decision makers off the front line for change management, Specktrum can step in to ensure all business requirements are identified and vetted, sofware limitations are known, that all business objectives are met, all gaps are identified, and the customer has an end product solution that is effective, efficient, productive and compliant with company policies, security protocols, and any relevant federal, state and local laws.
Most software implementers and experienced business operational leaders will tell you that the most crucial factor of an ERP system is the implementation phase as the future success of an ERP system is not based solely on the system's capabilities.
The success of an ERP implementation is in the system's capabilities in relation to the needs of the business and how the business is able to utilize this valuable resource in order to meet its day to day, short term and long term objectives, and to its full extent. The business must also be able to leverage the system's capabilities in order to process transactions expeditiously and obtain the necessary business intelligence, such as resource utilization for instance, in order to make decisions that increase efficiencies and profitability. The selected and utilized system must also provide workflows, matching capabilities, audit trails, and a control environment that reduce risk, and produces financial reporting that meets IRFS and GAAP requirements.
If the application isn't implemented so that current business needs are met and so that operational teams can utilize the software the way it was envisioned at purchase, many of these business objectives can be jeopardized as the maladays include missing automated functionality, incomplete or difficult to obtain reporting, a loss of productivity with operating teams whom demonstrate dissatisfaction and frustration. This is why many corporate and government-purchased applications still sit on shelves, and reside as dormant icons on user desktops or are quickly replaced.
Specktrum has just completed a very succussful and complex ERP migration from Oracle to a 4 tiered, multi-provider, cloud based platform. Despite software limitations, all business needs, including Project Accounting, were met, as this firm is now able to conduct buiness with less resources, saving hundreds of thousands of dollars annually. Specktrum ensures its clients are able to maximize a significant operational cost savings and is still able to meet and exceed all it's business and control objectives through the selection and implementation of its ERP product. To this end Specktrum will work with the vendors to ensure they understand the ever changing requirements and are able to deliver a solution within needed deadlines.
Specktrum's has the experience guiding ERP Implementations at both large and small cap public firms, using varied business, financial and project management suites that include GL, A/P, A/R, Treasury, HR, Payroll, Project Management, Commissions, Fixed Assets modules. Since many implementations require customized solutions due to unique business process or lack of budget for certain modules, Specktrum can recommend and assist in implementing options to meet its customers unique needs.
In addition, Specktrum has the expertise and can assist with the change management psychology, ensure business process and control objectives are met, timelines are reasonable, including ample time for user acceptance testing, and that a quality training programs to be put in place. Because many business are incapable of pulling key personnel offline for months during an implementation, Specktrum works closely with the business leaders to ensure all objectives are reached, decision makers are apprised of changes, issues or gaps, so no one is left out of the loop, making the transition more seamless.