Category: Business

The Key Benefits of Adopting LMS in eLearning

Learning and training by means of various digital resources (eLearning) have been in vogue for some time. When learning is imparted through internet-based platforms like Learning Management System or LMS Technology and made available to users through electronic devices like computers, tablets, or smartphones, it offers learners the convenience to access resources any time they need. That makes eLearning even more beneficial in times of a global pandemic like COVID-19 to ensure uninterrupted learning.

Digital learning (eLearning) offers numerous benefits to both organizations as well as learners. 

• For employers, it offers a time-effective and affordable mode of training employees.
• For employees, it helps in quick learning and improved productivity.
• eLearning systems can also benefit educational establishments that are looking for robust solutions for remote learning activities.

Related Reading: How Corporate Learning Management Systems Help Engage Your Employees

How Digital Learning is Becoming a Trend in the Education Industry

eLearning systems like LMS offer a reliable solution for the diverse requirements of the education industry. It can be helpful for all kinds of learning, be it in a business environment or for an educational institution. Below are some of the key advantages of eLearning that boost its importance in the education industry.

Cost-Effective

The most obvious benefit of eLearning is that it helps to save time and money. As users can learn anytime, from anywhere, and using any device, they do not have to take time out of their current schedules for learning and training. There is no need for printing materials in online education either, which adds to the cost benefits for the company.

Facilitates Better Communication

Some businesses use eLearning to educate their clients and partners as well. This helps in better customer engagement and retention, which ultimately leads to increased revenue. Moreover, as online education fosters the idea of interactive content, it motivates the learners to keep going easily. Interactive digital content also makes it easy to remember the information and apply that at work.

Offers More Convenience

Online learning is also more consistent and reliable when compared to face-to-face training sessions. Although every instructor will have a tried-and-tested method of instruction, there are still chances of errors and mistakes in the traditional approach. These can be easily eliminated with eLearning because it offers standardized training modules for everyone. The courses can also be customized easily to meet the specific needs of the company.

How LMS Boosts Productivity and Efficiency in Online Education 

LMS provides you the right tools to accomplish your eLearning goals. You can easily create and manage a training program using the learning software, which can be beneficial in saving a lot of time when compared to running a training session in the meeting rooms. The LMS software also allows you to organize the eLearning schedules as per the needs of the learners. This makes LMS a cost-efficient solution for businesses. 

Here are a few benefits of implementing LMS:

1. Better Resource Management

By adopting online education, your company does not have to bear the costs of travel and accommodation for employees or instructors. As online classrooms allow you to provide training to a large number of users in a go, there is no need to host multiple sessions either. As you can easily avoid those expenses, it gives you more resources to equip the LMS software with extra features and tools for enhanced functionality.

2. Scalable Education Modules

You can train and educate employees in different geographical locations with an LMS platform. The online courses can be used repeatedly as well, without having to allocate any extra funds for that. This means you can enroll new users easily and have them follow the same schedules for quick learning. The LMS software will also allow you to scale the learning modules so that you can include new lessons in that as needed.

3. Enhanced Collaboration and Administration

The learning management software will give you complete control of administration as well. This makes it easy to collaborate and communicate with trainers and users. You can create as many groups and courses in the software as required and assign different roles to learners, instructors, and supervisors easily. In addition, LMS also makes content management very simple. You can update the learning courses with intuitive and interactive content whenever applicable.

4. Managing and Sharing Information

As all the data is organized properly and stored in a structured manner, accessing the information about the courses, registrations, and user files is also very efficient with LMS. You can even customize the learning platform as per your preferences, such as adding corporate image and brand logos. Some LMS software applications also support multiple languages, which can be an added advantage for training and educating staff members overseas.

How to Choose the Right LMS Software

In order to make the most of the Learning Management System, you need to choose one that suits your needs in the best way. There is no one-size-fits-all solution here, which is why you should assess your organization’s requirements properly before choosing one. 

Related Reading: 5 Tips for Choosing a Responsive Learning Management System

An LMS application can be cloud-based, open-source, commercial-grade, or installation-based. So, you need to check out all the features and functionalities in each of the options carefully to make an informed decision. Your goal should be to find an LMS software application that will allow you to create courses easily, manage users and content effectively, and report on the learning process accurately.

We recommend our clients to adopt customized Learning Management System with single-time development cost and zero license fee as the best way to get started. It retains your savings in your pocket.

Customized Learning Management System (LMS) Development

Fingent helps schools, universities, colleges, educational institutions, NGOs, and training centers to develop customized LMS platforms that come with aptitude-based smart learning tools. This makes sure that you can have a more interactive learning atmosphere. Customized LMS allows you to cultivate more transparency and communication between the instructor and the learner, which works to improve performance significantly.

Get in touch with us to find out how Fingent’s LMS software can help augment your learning process.

Today’s organizations require flexible ERP solutions for capturing new growth opportunities and embracing new business processes and models that allow them to reap the benefits of digital transformation. Faster adoption of intelligent technologies has become the new norm as organizations have increasingly started to look at their business from an integrated “end-to-end” perspective. 

The end-to-end implementation helps ensure efficiency in terms of cost, performance, compliance, and insights through which process owners can improve the quality of service and speed up the execution time. Companies can become more agile, make faster acquisitions, meet high-level business objectives, and streamline processes by implementing the end-to-end process. It enables businesses to visualize duplicate efforts and eliminate them quickly. 

Related Reading: Unlock the Potential of Intelligent Enterprise with SAP Leonardo

This article discusses how SAP S/4HANA can transform your end-to-end business process for enhanced efficiency.

What is an end-to-end business process?

An end-to-end business process is a process that is capable of addressing all your business requirements and processes in one centralized hub. It is a complete process cycle including all its various phases like project kick-off meeting, gap analysis, blueprint, realization, finalization, go-live, and after support.

In simple terms, the end-to-end business process starts with a customer’s request and ends with the successful fulfillment of that request. For businesses such as trading or manufacturing, end-to-end software has tools that can manage eCommerce, process orders, control stock, and manage warehouse and accounts. 

It provides businesses with all the necessary components while managing the installation, integration, and maintenance of the process. The end-to-end process ensures that a business enterprise gets everything they need to function effectively. It can help minimize software costs as well as operational costs. 

How S/4HANA transforms the end-to-end business process?

Since its launch in February 2017, SAP S/4HANA has been used extensively to provide “next-generation intelligent ERP”, enabling businesses to achieve digital transformation. With its three pillars, digital assistant, machine learning, and predictive analytics, S/4 is all set to transform the end-to-end business process.

Here are some ways how S/4 can transform end-to-end business processes:

1. Automation with intelligence

The ever-changing business infrastructure requires integrated, mission-critical, end-to-end processes. The intelligent ERP in the S/4 cloud caters to that very need. By further automating the process, it allows businesses to become more intelligent and agile. S/4 end-to-end processes are designed to work without interruption, thus improving agility. Since the cloud uses real-time embedded analytics, the processes function intelligently and automatically with nominal user input. 

2. A game-changer 

As the next-generation business suite, S/4 is designed to redefine how enterprise software creates value across industries with real-time insight. It also personalizes the user experience regardless of the device in use and eliminates batch processing by running end-to-end business processes at unprecedented speeds. The icing on the cake is that it can connect to IoT, Big Data, business, and social networks in real-time to create endless possibilities.

3. S/4 enables digitization

SAP S/4HANA is a business suite designed to help enterprises run uncomplicated end-to-end processes in today’s digital and networked world. Since S/4 can be deployed in the cloud or on-premise, it can drive instant value across lines of business with ultimate simplicity. It provides a guided configuration with the goals and value-realization plans for digitization activities that are part of the end-to-end implementation. 

Related Reading: Create Intelligent Organizations with SAP Model Company

4. One system 

With S/4 in place, employees do not have to spend time learning multiple systems. This ensures that the end-to-end process can be up and running as soon as possible. It minimizes disruption and results in a faster return. 

5. Competitive edge 

The source-to-pay solution is a decisive end-to-end process, which can improve the performance of an organization. This strategy covers the entire process starting from spend management through to accounts payable. By integrating SAP S/4HANA into source-to-pay, businesses can make better-informed decisions that translate into positive business impact and greater efficiency and productivity. Thus, streamlined source-to-pay processes give a competitive edge to businesses by helping them make intelligent procurement decisions. 

Transform your business with S/4 for enhanced efficiency

Managing the end-to-end process can be challenging, but SAP S/4HANA can help businesses to stay ahead of the game by helping their customers to gain the most value through such interconnected processes. 

By implementing S/4, businesses can experience greater automation to drive accuracy, efficiency, and better streamlined end-to-end processes. It can not only reduce time spent and risk of human errors but can also enhance data security. SAP S/4HANA can integrate strategy, process, procedures and policies, people, and technology into one cohesive effort ensuring that the organization is process-driven. 

As discussed earlier, SAP S/4HANA is key to integrating end-to-end solutions into your business. To find tips on how you can seamlessly transition to SAP S/4HANA, click here. 

If you are ready to get your business on to this revolutionary business suite, get in touch with us. 

Why Implement Virtual Reality in your Real Estate Business

Virtual Reality is rapidly becoming a part of every modern business, and the real estate industry is not excluded from the list. In fact, VR technology opens up many innovative opportunities for real estate businesses to market their listings in a better way.

Generally, a real estate deal involves checking the listings, price negotiations, and an in-person visit to the property. This workflow is very robust and has always brought forth good results. However, it is very time-consuming for both the client and the realtor. Sometimes, visiting the property can be inconvenient for the homebuyers as well. This is where Virtual Reality tools can be a game-changer.

Related Reading: Augmented Reality & Virtual Reality: Transforming The Real Estate Industry

Virtual Tours

VR technology allows realtors to showcase the property to their clients as if they were there in the flesh. The client just has to put on a VR headset and experience an immersive three-dimensional tour of the property. Potential homebuyers can virtually visit multiple properties this way, even without having to leave their home once. This allows them to make an informed decision when buying or renting the property.

As for the real estate companies, employing VR tools allows them to expand their reach to more clients. As the internet is not confined to any physical boundaries or borders, realtors can offer their listings to global clients as well. This can be of great help to long-distance buyers as well as to those who are looking to migrate to a different country.

Realtors can also offer a 360-degree virtual tour of the property for clients who do not have access to a VR headset. Alternatively, they can create an interactive virtual tour, wherein the user can move from one place to another within the property by clicking on various hotspots. Both of the guided and interactive virtual tours can be easily included along with the property listing on the website.

Virtual Staging

Virtual Reality also allows realtors to add furniture and other essential items in the property so that it looks more appealing and cozy to the clients. Staging has been an integral part of the real estate business for years and is widely used when uploading photos of the property on the website. VR technology can make this more realistic.

Virtual staging is one of the best ways to market a newly built home or apartment. This can be done by creating 3D tours of the property with furniture and fixtures. That makes it very simple for the client to visualize how their future personal space will be. As this connects potential buyers to the property emotionally, it motivates them to make a quick decision.

Real estate businesses can also employ VR technology to boost the sales of under-construction properties using virtual staging. Realtors find it very difficult to market such properties because empty buildings and unfinished structures do not attract buyers at all. This gap can be efficiently filled using architectural 3D visualization and virtual staging tools.

Virtual Commerce

Virtual staging of the property has another benefit too. Apart from creating a premium and lasting impression on the potential buyers, it can also promote virtual commerce. Realtors can easily add a purchase option with any element when staging the property and creating the 3D tour. This allows the clients to customize the space as per their personal preferences.

For instance, real estate businesses can integrate an online store with the staged elements. This will give the clients the options to, say, change the style of the furniture or choose a different light fixture. This not only makes the virtual tour of the property more interactive but also allows customers to imagine how it will be when they move in.

Even if a client does not make any changes to the interior staging during the virtual tour of the property, there are still chances that they may find the items included in the 3D tour interesting and may buy them eventually when they buy or rent the property. This is always an added advantage for the realtor.

Related Reading: Tech Disruptors in the Real Estate Space

The Key Benefits of Employing VR Tools in Real Estate Business

The most striking advantage of incorporating Virtual Reality in real estate business is that it saves time for both the realtor and the client. It is much cost-effective than taking the client to check out multiple properties.

Besides, an immersive 3D virtual tour of all the properties listed on the website will be available round-the-clock to the clients, which means that they can virtually visit any property at any time. This allows realtors to work with more clients, which means more opportunities to sell a property.

Another great thing about VR technology is that it gives clients an instant sense of ownership. As they get the options to customize the space as per their liking during the virtual tour, checking out the different areas of the property quickly establishes a personal connection with the clients.

This can be very helpful in inspiring them to make a purchase or sign a rental agreement. It is also possible to add to the customer experience by including interactive tools in the virtual tour, such as mortgage calculators and neighborhood descriptions.

There is no arguing that Virtual Reality has already made an impact in the real estate industry. Most of the big names have adopted the technology for improving their reach, and soon, every real estate business will incorporate VR technology for better productivity.  

If you would like to work with an expert to build your VR strategy, we can help. Contact us.

Focused Industry Templates and Automation In SAP 

Focused industry templates and automation in SAP can radically cut the time and effort required to transform the systems of various industries. Modern solutions that integrate business functions, data management and financial management can facilitate various industries. Recognizing this massive potential, both big and small industries are adopting industry-specific solutions. This article discusses in detail how industry-specific templates can benefit verticals such as healthcare, retail, logistics, utilities, and media.

Understanding Templates for Industry Specific Verticals

A standardized, industry-specific vertical approach is a fast and cost-effective way to implement an ERP solution. 

Related Reading: Unlock the Potential of Intelligent Enterprise with SAP Leonardo

When Do We Need Templates?

You need templates when your work is repetitive, such as filling in a monthly report. This speeds up mundane tasks and ensures accuracy and uniformity across all the reports. A business that performs the same functions across different locations would benefit from an industry-specific template.

How Does It Work?

Building an industry-specific template would require a typical implementation approach: gather, analyze and document the requirement. This is done in phases such as planning and blueprinting. Then it is tested and confirmed by the business before it is deployed across the organization.

If different parts of the organization work differently, there is no need to create a new template from scratch. SAP industry-specific templates allow you to create a version of the existing template to handle the task.

Related Reading: Create Intelligent Organizations with SAP Model Company

What Are the Benefits of Industry Focused Templates and Automation?

• Allows businesses to achieve quick return on their investments. 
• Minimizes ERP implementation expenses.
• Minimizes or avoids risks such as budget overruns.
• Allow you to control projects more accurately and easily.
• Give you the ability to repeat and refine processes. 
• Enables you to apply the best practices to the next project. 

Five Specific Industries That Facilitate Focused Industry Solutions

Many industries are looking for expert IT partners with a focused approach in providing industry-specific technology solutions. Here are examples of five specific industries:

1. Healthcare 

Throughout a patients’ journey in the healthcare lifecycle, the healthcare industry can leverage focused industry solutions to proactively approach the patient and provide individual, personalized content increasing patient satisfaction and building patient loyalty. With SAP industry templates, healthcare can increase efficiency with insight into costs and outcomes, improve customer experience and improve risk and compliance management. 

SAP solutions increase workforce engagement, agility, and overall results. By means of invoice-to-pay, invoice-to-cash, and other features, the healthcare industry can enable their departments to collaborate efficiently.

2. Retail

Today, it is critical for businesses to treat customers as they want to be treated. This is possible only by customizing their experience and selling to them in a personalized way. SAP solutions are suitable for both small and large enterprises. It can be mapped for all company techniques and scenarios, and business features. Since they are exceedingly customizable, SAP solutions are best utilized for business strategies involving seasonal goods. Aggregates and indexes can be replaced by central tables ensuring that steps are transparent from order-to-delivery.

3. Logistics

Certified SAP focused industry templates and automation simplifies the process to avoid the need for designing a full business process from scratch. This can double the performance speed by accelerating user productivity and reducing frustration. It can also eliminate the use of printed paper, reducing your carbon footprint and costs. Automation in the logistics industry leads to faster decisions and instant actions. 

4. Utilities

Utility firms undergo substantial changes across the world. This increases competition, thereby putting immense pressure on utility companies to provide a high degree of customer satisfaction. SAP solution templates and automation helps them by providing operational efficiency, steering utilities to their desired destination and beyond with minimum expense. It can also reduce implementation effort and time, thus realizing a higher ROI for the industry.

5. Media 

Media industries such as newspapers, television, and internet-based social media applications face the challenge of delivering information at the right time to attract their target audience. Implementation of SAP solutions will ensure that all service processes are handled efficiently. It can help in better planning of which information should be broadcast at what time. SAP-based solutions enable the media industry to make instant changes and take quick action according to an on-going scenario. Such agility can provide better commercial outcomes for the industry.

Related Reading: SAP Preconfigured Solutions Boost Efficiency Among Industries

It’s the Right Move!

Agility, quick ROI, streamlined processes – what are you waiting for? Businesses are moving on to Focused Industry Templates and Automation as we speak. Fingent has helped many of these businesses with a host of SAP services that help to improve operational efficiency. Give us a call and let’s get talking. 

What are preconfigured solutions?

SAP Preconfigured solutions are implementations featuring standard functionality or common patterns. Since they include common enterprise features such as supply chain, finance, and inventory management, preconfigured solutions can be deployed rapidly. In simple terms, SAP preconfigured solutions are simple, ready-to-consume solutions that adapt to your business needs.

SAP Rapid Deployment Solutions allows the development of preconfigured solutions for specific functional areas, complete with pre-built reports, preconfigured content, and predefined best practices. Such suites enable enterprises to deploy software easily, with accelerated implementation times, and predictability in cost and scope.

Each preconfigured solution is a complete, end-to-end implementation. Enterprises may adopt it as such, or use it as a base for developing a full-blown customized solution. Open source solutions allow enterprises to download the source code and customize the solution.

Traditional preconfigured solutions came on-premise. The SAP HANA Enterprise Cloud heralds the cloud version of preconfigured solutions.

Related Reading: What is Business Process Expertise in SAP and Why You Need it

How preconfigured solutions enhance industry operations?

Preconfigured solutions spare enterprises from “rediscovering the wheel.” When solutions exist for standard requirements, it avoids the wastage in development efforts. Preconfigured solutions save time, trial-and-error, and labor. The in-built accelerators allow rapid implementation and configuration. The shortened time to market delivers a competitive advantage to firms.

A preconfigured solution offers a working model with glitches removed. These solutions connect key functional areas, to streamline operations and improve communication flow across departments. It automates routine and repetitive functions and offers well-structured content that improves visibility into key fields.

SAP offers built-in support for industry best practices. Solutions developed using SAP combines the latest technology, industry best practices, and processes in a single package.

Developers using SAP to build preconfigured solutions can adopt a modular and scalable approach. They mix modules to create targeted solutions such as CRM, field management suite, ERP and more. Clients may choose the most relevant reporting tools for their reports using SAP Business Intelligence Adoption rapid-deployment solution. SAP Predictive Analytics Content Adoption rapid-deployment solution helps to implement a predefined predictive analysis use case.

Transforming various industry verticals

Preconfigured solutions deliver efficiency improvements in several industries and verticals. Five of them are mentioned below:

1. Real Estate

Unstandardized information, inefficient processes, and weak communications often affect the real estate industry. Preconfigured solutions enable enterprises to streamline data and workflows. 

Developing preconfigured solutions for key functional areas of the real estate industry allows business owners to access information in real-time, prevent opportunities from slipping through the cracks, and remain in control of the business. Here are a few key functional areas where pre-configured solutions can come to the rescue of real estate enterprises:

• Document management with powerful search and sort functionality.
• Process automation functions to streamline operations.
• Contact maintenance to keep track of customers and upcoming tasks.
• Reporting and analytics to generate and share data and other critical information.

2. Supply Chain and Logistics

Preconfigured solutions make the complex supply chain relationships simple and easy to handle. SAP’s Model Company for supply chain planning offers a ready-to-run, comprehensive solution, complete with relevant business content, accelerators, and enablement services.

The suite co-opts:

• Demand planning to manage demand streams and increase productivity.
• Response and supply planning.
• Supply and allocation planning.
• Deployment planning.
• Sales and Operations planning.

The inbound and outbound integrations with SAP S/4HANA ensures seamless integration with other functional areas, such as sales. Businesses gain improved visibility to the upstream and downstream business value chains and can visualize the entire supply chain network. The preconfigured solution aligns demand and supply plans with financial targets and key performance indicators.

Related Reading: Seamlessly migrate to S/4HANA with these tools and methodologies

3. Healthcare

The healthcare industry is under pressure to innovate while keeping up with regulations. Preconfigured solutions automate regulatory concerns and compliance. Ready-to-run process models and scenarios enforce standardization with tight quality controls. It improves efficiency in research and development. Accelerators support rapid design and implementation.

The most popular modules of SAP’s preconfigured solutions in healthcare are meant for:

• Research and development
• Production
• Regulation
• Quality and traceability
• Logistics and transport
• Purchases and provisioning
• Marketing and commercial

4. Sales and Marketing

SAP preconfigured solutions infuse efficiency to customer-facing functions and increase customer satisfaction. Its most popular implementations in the sales and marketing domain include:

• Predicting customer demand based on real-time data.
• Tracking sales history.
• Automating sales operations. The solution tracks all processes, from ordering of raw materials till the delivery, and takes care of auditing, notifications, and reporting.

5. Financial Services

The SAP Model Company solution for Financial Services offers a ready-to-run, comprehensive solution to support the core financial processes, including:

• General accounting
• Cash and treasury functions
• Planning and forecasting

These preconfigured solutions come with relevant business content for a specific use-case, accelerator, and enablement service. These solutions enable gap analysis, address resource bottlenecks, and support lean implementations.

Today’s enterprises seek efficiency improvements and cost savings without compromising quality. Fingent uses SAP to build pre-configured solutions that enable enterprises to realize such goals. Implementing these custom-built pre-configured solutions helps you transform your processes across various business areas and improve your customer relationships. 

Contact us to get a free consultation with our SAP Experts. 

What is SAP Leonardo?

Though businesses are flooded with Big Data, IoT, Machine Learning, Blockchain, and other latest technologies that support innovation, many of them are unaware of how to bring these technologies together for enhanced business results. This is where SAP Leonardo comes in. SAP Leonardo brings these technologies together by integrating the key features of innovation to drive business outcomes. It is a “digital innovation system” that allows you to innovate at scale, thus rethinking your business models.

SAP Leonardo uses a rapid innovation process that embraces design thinking by utilizing the power of core technologies like Big Data, Analytics, IoT, Blockchain, Machine Learning. SAP Leonardo is built on the SAP Cloud Platform. It is the first digital enterprise platform that gives you the freedom to choose any infrastructure provider you want: SAP, Microsoft Azure, Amazon Web Services, Google Cloud Platform. So, whichever IaaS provider you choose, you do not have to compromise on agility and ownership costs.  

Related Reading: Create Intelligent Organizations with SAP Model Company

SAP Leonardo: The future of intelligent ERP   

SAP Leonardo offers a basket of features intended for transforming organizations into intelligent enterprises. 

1. Rapid innovation process: 

SAP Leonardo’s rapid innovation process is a combination of innovation services and design thinking methodology. It helps companies to move from concept to blueprint by driving the process of picking the best projects that are more likely to succeed while minimizing risks. This process encourages users to think about big ideas or challenges by taking small steps at a time. Design thinking being the core of the process will help you amplify your human-centric activities with the help of technology. This is done by embracing empathy and collaboration in a rapid and iterative environment.  

2. Automated innovation: 

SAP Leonardo empowers companies to innovate based on real-time information. Fiori apps can directly interact with IoT systems located on-site through the SAP Cloud. Thus the IoT system can learn and adapt automatically to the ongoing processes that can impact its performance. However, the company will always hold control and can accept or reject the recommendations made by the system. Thus, SAP Leonardo enables companies to gather and process data most efficiently.

Six core technological domains: 

SAP Leonardo combines 6 core technologies and builds solutions on that foundation. 

Following are the six core technologies:

1. IoT: With SAP Leonardo you can connect people, processes, and things based on real-time data received from IoT services. You end up with enriched IoT data on a unified semantic model. Thus you watch your insights turning into business outcomes.

2. Machine Learning: Though machine learning has been around for some time, these projects always existed in silos. With SAP Leonardo, machine learning is made available to everyone and everywhere by embedding it into enterprise applications. With this integrated intelligence, users can solve common problems and also facilitate the deployment of deep learning models for continuous improvement of business processes.

3. Blockchain: With Leonardo, SAP has moved into the BaaS technology accompanying giants like IBM and Microsoft. These companies have incorporated blockchain as the core of a secure transaction-based business. The SAP BaaS is ready-to-use and allows you to experiment on the distributed ledger technology with minimum risks.

4. Analytics: Analytics is crucial to all business processes and applications. With SAP Leonardo, embedded analytics is combined with machine learning, enabling you to create new processes and applications based on insights. Using Predictive Analytics you can leverage machine learning to take proactive actions and improve transparency across your team. 

5. Big Data: The SAP Data Hub, which is a part of Leonardo, helps to turn your chaotic data into context. It combines business with IT and simplifies data sharing. Thus, you can easily promote complete data transparency in your company.

6. Data Intelligence: SAP Data Intelligence combines the salient features of SAP Data Hub and SAP Leonardo Machine Learning Foundation into a single integrated service in the SAP Cloud Platform. SAP Data Intelligence helps you to monetize your data and leverage open source technologies.

SAP Leonardo comes with a set of industry accelerators: 

In order to maximize ROI, you have to innovate quickly at scale. SAP Leonardo makes rapid innovation possible as it is delivered with a set of industry accelerators. They combine software and services that reduce the time of implementation considerably. In other words, the digital innovation system capabilities of SAP Leonardo are wrapped in a set of industry best practices gained from years of experience. All these accelerators combine industry knowledge, data intelligence, and software needed on an open innovation path.

Related Reading: What is Business Process Expertise in SAP and Why You Need it

SAP Leonardo has powered SAP’s own digital transformation: 

SAP is using Leonardo throughout the SAP portfolio to make its business suite and system of applications powerful. SAP Leonardo powers everything from SAP Ariba to SAP S/4 HANA, making them more intelligent.

In addition to improving reliability and efficiency, today’s ERP solutions have to be the foundation on which future business models are built. Rather than just making profits, businesses should focus on altering customer experiences and gaining new market shares. To become an intelligent enterprise, you need an intelligent ERP and SAP Leonardo is definitely the future!   

Contact us if you have a query on how SAP Leonardo can benefit your business. Our consultants will be able to assist you. 

5 Tips to verify business process expertise of your IT outsourcing partner

From creating growth models to maintaining healthy margins while managing ever-rising prices – industries today face a number of challenges. Being able to face this challenge is what sets successful businesses apart from their competitors. Business process expertise in SAP has helped businesses achieve just that in today’s hyper-competitive environment.

This blog will help you decide if you need industry and business process expertise in SAP. It also gives a few tips to help you verify if your IT outsourcing company is truly a business process expert or not. But before that, let’s find out what is industry and business process expertise in SAP.

What is Business Process Expertise in SAP?

Business process expertise in SAP can be attained internally or externally with individuals or groups of people who are experts in this field. Their job is to bridge the gap between business professionals and information technology.

Related Reading: Create Intelligent Organizations with SAP Model Company

Individuals with business process expertise are not only tech-savvy; they also understand the implications of the business process requirements and factors such as data volume, existing landscape, programming language, and security. They need to frame strategies by keeping in mind the legacy of the organization. They use their expertise in driving innovation within the organization and use best practices that go beyond the scope of a single department. They are ones who can recommend, design, and implement SAP solutions that are tailored for your business.

Why Do Businesses Require Industry and Business Process Expertise?

“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.”-Benjamin Franklin.

True to these words, a business process is not a project with a defined beginning and an end date. If you desire the best results and want to ensure that your process grows and adapts to your business, you need to keep improving them continually. And that is where business process expertise comes to play. Business process experts ensure that your business experiences continual and long-term improvements on various metrics within the organization.

Having business process expertise adds to the skill set required to develop ongoing assessments and action plans, communicate changes and provide the necessary training that impacts your business units. The expertise could be used to identify who is truly performing statistically better or worse compared to others in the unit. This way, business process expertise helps businesses measure and monitor performance improvement initiatives. 

Let’s say you are now convinced that your business needs to incorporate industry and business process expertise. The next step is to choose the right IT outsourcing partner with the expertise you need. How can you tell if the company you are looking to hire is a business process expert or not?

Related Reading: 7 Tips To Ensure A Seamless Transition To SAP S/4HANA

Five Critical Skills to Look For In Your IT Outsourcing Partner

Your IT outsourcing partner should be able to understand both your business process requirements and the technologies needed to map, model and implement the required changes within the given time frame and budget. To this end they would require these five skills:

1. Experience: Your IT outsourcing company’s staff should have business process experts who have grown into their role by participating in multiple projects that involved members from both, business and IT. 

2. Modeling knowledge: Along with the knowledge of basic principles and theoretical concepts, business process experts should know modeling. They should be able to artfully describe objects, rules, and roles and should be able to relate them to your business process with a descriptive language from your viewpoint. 

3. Tool knowledge: An increased number of model-driven tools that go beyond the classical tools are hitting the market. Since the role of your IT outsourcing partner is to build the business process, they should be able to use SAP tools. They should be able to use those tools to impact the level of granularity or modularity of the model.  They should also be capable of implementing it within the same tool environment. 

4. Internal and external expertise: The company’s experts should be familiar with the internal structures, the evolution, the history and the long-term strategy of your business. They should know who or which unit would give them the needed support. You will have to check their aptitude in understanding your business. Externally, they should be able to bring in fresh views, especially those that have a long-term positive impact on your business.

5. Communication: The experts of the IT outsourcing company need to have the ability to move diplomatically on the slippery floor of communication. They should be able to explain the terminologies to each team without compromising the facts required for decision making and implementation. They should be able to break down complex facts to simple yet accurate definitions. 

Take the Next Step – Leap Into the Future

At Fingent, our SAP experts focus on creating measurable results that are customized to your needs. Fingent can help organizations to implement and manage SAP and non-SAP applications using the central SAP Solution Manager platforms. 

Talk to us to understand how you can take the leap with our SAP business process expertise. 

Fingent recognized as the Top PHP Development company by the TechRivewer.

Immense expertise, constant innovative thinking, and deep market understanding make the perfect blend to remarkable excellency. Proclaiming these qualities, Fingent yet again outruns its way to rank the Top PHP Development Company in 2020.

PHP is the most common programming language used in web development today. Be it the simplest applications, or the most advanced ones like Drupal, vBulletin, MediaWiki, or be it the most popular WordPress. Everything works on PHP today. And so it becomes imperative for businesses to find and rely on the right PHP development providers for best services.

Research and review hubs like TechReviewer makes it convenient for businesses to select from a vast pool of development companies. Analyzing through their capabilities, success stories, and client reviews, TechReviewer helps businesses connect with the right technology partners by compiling lists of the leading software outsourcing companies.

Related Reading: Find out how Fingent created Mohawk 360, an integrated day camp management platform, utilizing PHP.

Fingent, a web development company that has proved its worth by delivering upscale web solutions to clients across the globe, is recognized by the brand-new research & analytics agency, TechReviewer.co, as the Top PHP Development Company in 2020.

With extensive experience in delivering full-cycle PHP development services along with deep technology expertise, enables Fingent to hit the lists of leading PHP development firms, making it the most reliable, experienced and reasonable company to outsource software development.

Related Reading: Check out our case study to know how Fingent helped develop an Appointment Management System using PHP expertise.

Established in 2003, Fingent strives to solve complex business challenges with customized software solutions. With an active client base across 14 countries and expertise in over 20+ industries, Fingent is a front runner in catering PHP development services. Our research and development team is dedicated to analyzing products based on market trends and targeted audiences. This enables us to provide our clients with an extra edge that helps them sustain and relish the cut-throat market environment.

“We help our clients understand technology in a way that they can leverage the best tools to provide unique and innovative customer experiences. For us, it is not just providing software solutions to our clients, but to help them reshape and transform with technology.”

              – Dileep Jacob, Senior Vice President, Global Operations, Fingent.

Being featured among the leading PHP development companies is indeed a great honor for us. We take this opportunity to thank our clients and partners who have placed immense trust in our approaches and services. We will continue to justify the trust with utmost dedication, expertise, and innovative business solutions.

Learn how we can help transform your business for a better future. Get in touch with our experts today to know more about our services, expertise, and technologies.

Also, read more on why Fingent Stamps its authority as a leading CodeIgniter developer of 2020.

Top 5 benefits of outsourcing software development services

Software development outsourcing is empowering companies worldwide, including the most successful ones across their journeys. Leading players like Google, WhatsApp, Slack, and Microsoft have ample stories to share on their victorious feats with outsourcing development.

A study by Technavio reveals that the global IT outsourcing market will flourish at a CAGR of 5% during the period 2020-2024. The demand for outsourcing software development services keeps surging as organizations want to optimize their business processes and align their strategic planning with their operational strategies.

Outsourcing your IT necessities can be a boon in times of financial and natural adversities because outsourcing companies like Fingent implement business continuity planning and disaster recovery plans to fulfill obligations and deliver services without interruption.

If your company’s growth is dependent on software, and if you cannot afford your in-house IT team to divert from their core operations, it’s high time to outsource your software development needs. 

Why software outsourcing is good for your business?

Facts and testimonies speak the truth!

More and more businesses today are relying on software outsourcing companies to develop their projects. Working with an outsourcing company will help you mitigate the risks of running a project internally. Outsourcing can compensate for a lack of in-house skills and ensures that your product is delivered on time. 

At Fingent, we specialize as an offshore software development company. Many of our customers have shared their outsourcing success stories with us. A .NET based SaaS platform developed by Fingent has played a great role in the growth of the property management undertaking – SimpleRent. Here’s what SimpleRent’s founder told us.

PwC, one of our prominent customers, reports an 80% increase in productivity and a 67% faster ticket resolution rate after Fingent helped them implement a smart ticketing system. Thanks to outsourcing!

As an outsourcing development company, here are a few reasons why we think outsourcing makes your business more efficient and smarter.

Related Reading: Points to Consider Before Choosing the Best Software Development Company

1. Access to the finest talent and latest technology

Software development outsourcing helps in finding the right talents and minimizing your human-resource problems. If your country has a limited talent pool, outsourcing gives you access to a wider talent pool available anywhere on the globe.

Technology keeps evolving every day and your business needs to take advantage of its benefits. With outsourcing, you will gain access to new and innovative perspectives and an opportunity to utilize strong and diverse technology expertise.

2. Outsourcing cuts down your costs

The biggest benefit of offshore software development undoubtedly is the cost savings. Outsourcing software development companies do not necessarily demand you to make any upfront investments. By contracting work to other companies, you can cut down 70-90% of your labor costs, all while paying your outsourced workforce at competent rates. The cost advantages make your development project more attractive and reduce your overall workload. 

Adopting a cost-effective engagement model is crucial to the success of outsourcing. We help you choose the right engagement model essential for the creation of your state-of-the-art product. 

3. Improved flexibility and time management

When you outsource your work, you don’t have to spend time hiring and training resources. At Fingent, we take care of all the change requirements even when the project sizes vary or resource-related demands scale up. 

Outsourcing software development services accelerate your time-to-market. With people working around the clock, your competitiveness improves greatly and gives you an edge over your competitors.  

4. Take your business to the next level with a focused strategy

To win the technological race, you need to have a focused strategy. Every business needs to align its operational strategy with the changing people, process, and technology. When your software is developed by an outsourcing company, your business processes will be highly streamlined and optimized, allowing you to focus on the core activities that will take your business to the next level.

5. Managing risks and compliance

Partnering with a software outsourcing company like Fingent enables you to mitigate the risks associated with handling your project. We follow a high-quality project management system that has been tried, tested and proven across our past as well as ongoing projects. 

While outsourcing your software development needs, you are setting out to work with a global talent pool. We take care of all the legal compliance-related matters that have to be fulfilled while onboarding offshore resources as well as forging contracts with our clients. This lets you focus on other things that matter. 

Related Reading: The Pros and Cons of Outsourcing Mobile App Development

Ready to outsource your software development needs?

From resource hiring and onboarding to management training and payroll software, several functions can be outsourced by a company. In the age of globalization and technological competition, software development outsourcing is the key to your success. Share your queries and concerns about outsourcing with us. Our consultants can walk you through the best and most affordable solution that works for you. 

Re-Engineer your Business Processes with Superior Solutions Now!

What is Transfer Learning and how can it help you?

Have you ever tried teaching a baby to recognize objects?

That’s an example of Transfer Learning at work in its most elementary form.  Babies as young as eight months old can transfer learning from images to objects. As we grow, we continue to use the same method to learn things. We continue to use the knowledge we gain from one domain to learn other things faster in another domain. This is the concept in Artificial Intelligence that has come to be known as Transfer Learning. This blog discusses transfer learning and its vital role in the future of AI.

What is Transfer Learning?

Transfer Learning is a method in which a model developed for a particular task is used as a building block to solve a different problem. It is a domain of AI, which uses machine learning algorithms to improve learning capacities in one domain through previous exposure to another domain.

Currently, Transfer Learning is gaining much popularity because it can train deep neural networks with lesser data. The goal of transfer learning is to build a model that can be applied to different, yet related problem areas.

It is interesting to note that the pre-trained AI models are called “teacher” models, and fine-tuned AI models are called “student” models. For example, we need not learn and remember that a bus has wheels on four ends. Why? Because we are capable of relating it to what we already know: that a vehicle generally has four wheels. On the other hand, a computer needs to develop such logic by learning all the attributes of a bus. That is the reason why a computer needs much more data than we do. This is where transfer learning comes into play. Transfer Learning aims to reduce the need to use huge amounts of data, by using data available from related domains.

It is important to note that Transfer Learning is different from Traditional Machine Learning. Traditional learning works in isolation, in the sense that it is based on specific tasks and datasets, and separate isolated models are trained through this. The knowledge gained is not retained or transferable to other models. Transfer Learning, on the other hand, ensures that this knowledge is retained and leveraged to train newer models to perform different yet related tasks.

Related Reading: Classifying Knowledge Representation In Artificial Intelligence

Transfer Learning Collaborates Perfectly With AI

Being a fast-evolving frontier of data science, transfer learning can be used by data scientists to tap into statistical knowledge that is gained from previous projects. Its benefits are manifold. 

• Boosts productivity: Deep Learning and Machine Learning projects address solution domains for which huge amounts of data have already been collected, used and stored. The same work can be used by data scientists to develop and train fresh neural networks. This boosts productivity and accelerates the time required to gain insight into new modeling projects. 

Transfer Learning also enhances productivity when there are close parallels between the source and target domains. For example, deep learning knowledge gained from training a computer to translate from English to Arabic can also be partially applicable to help it learn to translate from English to Hindi.

Related Reading: Why Time Series Forecasting Is A Crucial Part Of Machine Learning

• Risk Reduction: At times, underlying conditions of the phenomenon that has been modeled might change radically. That will render the previous training data set inapplicable. On such occasions, data scientists can use Transfer Learning to leverage useful subsets of that previous training data from related domains as they now build a fresh model.

Transfer Learning can be used to predict certain problems in domains that are susceptible to highly improbable events. For example, a stock-market crash might be useful to predict political catastrophes. This way, Transfer Learning can stand at the forefront of data science by gaining and applying fresh contextual knowledge through various forms of AI.

• Improves learning: Transfer Learning can use the knowledge gained from source models to improve learning in the target model. This improves baseline performance. It also saves time because it does not have to learn from scratch.

Transfer learning allows the use of small datasets to solve complex problems.  If a new domain lacks sufficient labeled training data, transfer data can assist in leveraging relevant data from older modeling projects. Applications of deep learning generate enormous amounts of complex data. Managing such data manually would require a lot of human resources. Hence, Transfer Learning is critical for the success of IoT and deep learning applications. 

https://www.fingent.com/insights/portfolio/achieve-higher-business-growth-profits-with-artificial-intelligence/

Transfer Learning for Future Innovation

As machine learning and deep learning continue to accelerate, transfer learning will accomplish things with improved efficiencies that were unimaginable in the past. Transfer learning will support deep neural networks in running businesses more efficiently. 

In a tutorial called Nuts and bolts of building AI applications using Deep Learning, renowned professor and data scientist Andrew Ng predicted that “after supervised learning — Transfer Learning will be the next driver of ML commercial success.” We are seeing that happen right in front of our eyes. Explore this revolutionary tool with Fingent’s experts and see if this is something that could help your business.