Maintenance Tips For Improved Profits: Creating the Business Case to Invest in Automation

  • Source: Tero Software
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Does it really make sense to spend money to save money? The answer may surprise you when it comes to maintenance of large capital assets including Facilities, Fleet, Plant Equipment and yes, even computers. It makes even more sense when you consider that today more and more companies are adding a new line item in their financial statements called "Deferred Maintenance Revenue Write Down". A lack of preventive maintenance affects the shareholders of all companies due to aging assets and reactive maintenance practices. A complete preventive maintenance program consisting of better business practices and a simple tool such as a Computerized Maintenance Management Software (CMMS) or Enterprise Asset Management (EAM) package can streamline the process and result in immediate savings in both time and money. So how do you justify the initial investment and where can the cost savings be seen across the enterprise?

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If you need a new phone system, this buyer’s guide will bring you closer to taking the first steps of testing a system and making the move. Go for it. All you have to lose is lousy call quality and expensive maintenance payments for your wheezing old phone system. All you have to gain is higher quality, lower prices, more features, easier growth options, better system management, and improved customer service. Read More

Creating a Compelling Business Case for a New HR Solution

In today’s tough business environment, businesses have to be very competitive with respect to products and services and focus on saving money at the same time. In the battle for sales and customers, the victors will be the companies using their resources to the fullest, especially their human resources. Outdated and convoluted HR technology can mean disaster for a company seeking to make employees more engaged, develop a strong enterprise culture and values, and streamline recruiting and hiring practices.

The costs and time and effort involved in upgrades and maintenance for old on-premise HR solutions can be a concern. Additionally, out-of-date HR software increases the chance of inaccurate data, and can hamper the ability to create real-time reports. It is vital to ensure access to real-time information to make more informed, proactive human resources decisions faster, meaning nimble business processes and agile technology solutions are also important considerations when selecting HR technology.

In this white paper, learn how to create a strong business case for an accessible and data-driven human capital management (HCM) solution that will help your company both today and into the future. Read more about the many obstacles facing HR and payroll teams in the current business environment, and how the new class of HCM/HR features can help overcome them.  Read More

Improving Profitability through Better Human Capital Management

Human capital costs account for at least half of the variable costs within a company. Yet this cost center is typically managed with less fiscal discipline, fewer business intelligence metrics, and more compromise than the more traditionally valued business aspects such as development and infrastructure.

Human capital management (HCM) needs best practices just like the other aspects of your business—a high turnover increases costs for training and knowledge transfer, while too many disengaged employees means a loss of profits from your bottom line.

This paper looks at how having a single, integrated, and comprehensive talent management solution can help manage all aspects of the employment lifecycle and aid in the management of human capital costs. Included here are case studies of five organizations that have used comprehensive talent management solutions and experienced good results, including increases in sales per employee and higher profits per employee.

The organizations discussed include a large restaurant chain, a restaurant supplier, an automotive services chain, a food retailer, and a bank holding company. Read on for real-life examples of successful human capital cost reduction through best practices brought about by HCM software solutions, such as streamlined processes, higher accuracy, and improved cost and time savings. Read More

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Creating the Business Case to Invest in Automation

Spending money to save money makes sense in the context of large capital assets, including facilities, fleet, plant equipment, and even computers. A lack of preventative maintenance affects the shareholders of all companies. Aging assets and reactive maintenance can be financial drains. A complete preventative maintenance program consisting of better business practices and simple tools such as computerized maintenance management software (CMMS) or enterprise asset management (EAM), can help companies realize immediate savings and boost profits. Read More

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