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  • Six Ways Cloud ERP Supports Rapid Innovation

    White Paper

    ERP for the Connected World

  • Six Ways Cloud ERP Supports Rapid Innovation

    3

    Why You Should Read This

    Your daily focus needs to be on managing your business and creating new ways to innovate.

    Similarly, your employees want to work on innovative projects to help grow the business,

    not managing data centers and databases, worrying about uptime, downtime, and security.

    You want to move quickly to capture new market opportunities and not be constrained by

    what your legacy ERP software will enable you to do.

    Kenandy is a new approach to ERP that lets you and your people focus on driving innovation,

    creating new product lines, and expanding your customer base even as you improve your

    business operations. In this paper, we’ll explore six ways Kenandy supports innovation,

    and provides a framework for operational efficiency. Kenandy is:

    1. Easy to configure

    2. Extensible

    3. Always current, offering real-time visibility

    4. Collaborative

    5. Mobile

    6. Easy to use

    Cloud-Native ERP Supports Innovation and Growth

    Whether you’re a growing single-site specialty manufacturer or a large multinational

    organization, business does not stand still. Instead, there’s a constant need to grow, seek

    new opportunities, and react to new competitive threats along with changing market

    conditions. While there are many factors that determine how your organization responds to

    market conditions, one key driver of success is the flexibility of your software infrastructure.

    To understand why, consider, for example, a company that wants to enter a new geography

    quickly to capture a new opportunity. To successfully enter this market may require new

    manufacturing facilities, additional distribution channels, and modified logistics. It will require

    reconfiguring business processes to include the new target market within the full operations

    of the company. And if the target market is in a new geography, it may include having to

    navigate a new set of financial or accounting regulations. All of these requirements require

    supporting software.

    Cloud is not just a

    technology transformation

    opportunity—it’s a

    business transformation

    opportunity. Leading

    CIOs must now build

    cloud-centric ecosystems

    that connect employees,

    partners, and customers

    in real time, going

    beyond tasks that just

    focus on the benefits

    of cost and speed.

    Forrester Research1

  • Six Ways Cloud ERP Supports Rapid Innovation

    4

    The challenge for many companies is that they rely on legacy ERP with a rigid software

    architecture that is simply not agile enough to set up and quickly reconfigure to support

    new manufacturing facilities, coordinate new distribution channels, and modify logistics.

    With legacy EPR, it can take several years to set up new data centers and hire new personnel

    to customize and manage the software for a new market. A company that relies on legacy

    ERP software may simply miss new opportunities because they couldn’t adapt their

    manufacturing and supply chain in time.

    Now imagine a different approach. A company that needs to react to new market conditions

    can simply turn to a cloud-native ERP solution, such as Kenandy, that is available on-demand.

    There is no need to provision new hardware or hire new IT staff. With Kenandy, it’s possible

    to instantly provision the software support needed to take advantage of new market

    opportunities or respond to dynamic business conditions.

    The ability to instantly access cloud ERP resources increases the ability of a company to

    innovate. With Kenandy, a company can quickly re-configure business processes to test new

    product concepts and, perhaps as importantly, turn off these processes if the product does

    not succeed. Additionally, there is no need to invest in new expensive hardware to launch

    each test market, making innovation much quicker and more cost effective. This means

    a company can leverage Kenandy to run rapid prototypes of new products and services

    to see which ones will lead to business success. This approach is simply not possible with

    on-premises ERP investments that require long lead times to provision new opportunities.

    1. Easy Configuration Enables Innovation

    Creating innovative products and services usually requires new business models. For

    example, companies that used to sell products directly to the end-user are now offering

    subscription-based services that require a different approach to managing customers,

    revenue, and inventory. One example is a manufacturer of MRI machines that traditionally

    sold the expensive devices directly to hospitals. Now, they’re changing their business

    model so they continue to own the MRI machine, while billing the hospitals by the image.

    This new model enables the company to increase their footprint to new hospitals that

    otherwise would not have been able to purchase an MRI machine.

  • Six Ways Cloud ERP Supports Rapid Innovation

    5

    Unfortunately, while legacy ERP systems provide a solid foundation to run a business,

    they do so only if very little changes. Legacy ERP systems tend to be rigid, inflexible,

    and hard to configure. So as companies transition to new business models, they’re not

    able to leverage their existing legacy ERP solutions to support them.

    By contrast, Kenandy is designed for flexibility and adaptability, enabling the rapid

    configuration of new business processes to support innovation. If a company needs to

    change its business model, or add an entirely new one, Kenandy makes it easy. Kenandy

    derives its flexibility and ease of configuration from two key technologies: the Salesforce1

    Platform and through a data model called Wide-Body Objects™.

    Salesforce1 Platform

    The Salesforce1 Platform is the leader in Gartner’s Magic Quadrant for Enterprise

    Application Platform as a Service (aPaaS). In addition to providing software as a service

    (SaaS), Salesforce1 is an application platform that provides all the computing services,

    networks, web services, security, and reliability that you need to run software and

    related services globally. The Salesforce1 Platform supports a global enterprise with

    multi-company, multi-calendar, multi-country, multilingual, and multicurrency capabilities.

    Data centers strategically located worldwide support high standards of performance.

    The importance of the Salesforce1 Platform in enabling innovation can be seen through

    a simple metric: developing on the Salesforce1 platform is 5X faster and one-half the

    cost of traditional development with on-premises technology stacks. Salesforce1 is a key

    reason why Kenandy customers can rapidly configure their apps to develop the business

    processes needed to support new innovative products and services.

    Wide-Body Objects™

    Kenandy provides a unique way to support innovation of new products and services

    by being easily adaptable to change, using a data model called Wide-Body Objects.

    Kenandy built the specialized functionality of Wide-Body Objects on the Salesforce1

    Platform to create an ERP system that is easy to use, update, and change. Wide-Body

    Objects not only make complex software in the cloud possible, they are the foundation

    of a business-customizable system.

    The Salesforce1

    Platform takes care of

    the infrastructure, the

    database, security—

    all of those things that

    allow us to very quickly

    start solving customers’

    problems.

    Sandra Kurtzig, Executive Chairman and Founder, Kenandy.

  • Six Ways Cloud ERP Supports Rapid Innovation

    6

    Wide-Body Objects store related items with common fields, formulas, and processes.

    For example, invoice, credit memo, and adjustments share similar data structures

    and therefore are expressed as a single object. You can think of Wide-Body Objects as

    “business-ready objects” because they enable you to organize, control, and adapt your

    business systems.

    Wide-Body Objects simplify accessing, managing, and customizing Kenandy applications.

    You can easily rename a field, change a workflow, or generate a real-time dashboard.

    You don’t have to be a database guru or programming savant to change the system to do

    your bidding. It’s part of the Kenandy philosophy to enable you to modify the system to

    match your needs with “clicks, not code.” This architectural difference between Kenandy

    and legacy ERP is key to enabling you to keep up with frequent changes in markets

    and customer requirements. The flexibility of Kenandy Wide-Body Objects provides a

    foundation for business innovation.

    Social Real-Time Reporting

    Customers Distributors Employees Suppliers Contract Manufacturers

    Mobile

    WorkflowGlobal In-memory Configurable Multitenant Protected Updates

    Integration APIs

    Scalable Secure

    Kenan

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