Despite the spike in digital transformation, many companies are still facing significant challenges when it comes to accurate forecasting and analysing plans. Whether that be strategic planning, budgeting or forecasting, in our experience, the reliance on offline spreadsheets and the use of siloed solutions tend to be the main culprits.

If planning takes up the majority of your day, then you’re most likely to be familiar with the term FP&A, which stands for financial planning and analysis.

In 2020, Gartner introduced extended Planning and Analytics, or xP&A for short, which is a planning approach that takes the best capabilities from FP&A, such as:

• continuous planning
• forecasting
• advanced analytics
• performance monitoring

SAP Analytics Cloud (SAC) is SAP’s the latest tech solution to help businesses optimise their planning and analytics. Allowing users to plan, analyse, forecast, and collaborate all within a single interface. SAC is stuffed full of features that can be used to develop intricate planning and forecasting solutions.

Financial planning

Workforce planning

The organisations workforce planning solutions extract data from Success Factors – such as FTEs, salaries and benefits – and provides HR with a toolset that helps generate a plan covering different employee related costs.

Profitability

Profitability Planning solution provides users with the ability to generate a sales and revenue plan which is fully integrated into the organisations financial plan.

Due to the native integration between SAC and SAP IBP, the Supply and Demand quantities forecasted in SAP IBP can be used in SAP Analytics Cloud.

The discovery phase is an essential step in project development. Aimed at analysing the clients vision, needs, and realistic deliverables.

McKinsey recently published a report on implementing software projects, which revealed that the average IT project overruns it’s budget by 45% while the overall benefits are half of what’s expected.

Why you need a discovery phase

Development projects aren’t quick, they’re months in the making. To make sure minimal time is wasted, discovery phases are often used to ensure everyone understand exactly what needs to be done, when it needs to be done by, and how to determine if its successful.

Other reasons why we include a discovery phase:

Identifying the project scope

Understand the full wants, needs, and wishes to provide an accurate project costing without worrying about nasty surprises.

Ensure optimal ROI

Get the optimal value from our services by implementing the agile approach.

Stick to the brief

By keeping in touch with clients regularly we’re able to keep on track with the client brief, or adjust to changes with minimal wasted hours.

Why you should never skip it

• Wasted man hours spent backtracking
• Climbing costs and unhappy customers.

egforit Project Delivery

Choose egforit for your next project development challenge. With a keen attention to detail and years of experience on our backs, we’ll help craft a solution perfectly on spec with your needs.

What is staff augmentation?

An in-house team with supplemented skills from external technicians. The set up allows business to maintain complete control and visibility while adding the key skills and knowledge needed to make rapid progress.

An outsourced IT team should feel like an extension of your business. But that is rarely the case – in some instances outsourcing can end up delaying the work it was intended to speed up.

Which is why more companies are turning their backs to traditional outsourcing and look to staff augmentation as their next solution.

What are the benefits of staff augmentation?

Compared to traditional outsourcing, staff augmentation provides peace of mind for delivery teams, but also a dramatic improvement in “time to market”.

Depending on the business need, there’s a variety of reasons why team augmentation might be their ideal solution.

Reduced costs

Staff augmentation is much cheaper compared to hiring full time technicians. By working with augmented teams, you’re avoiding costly onboarding processes, wasted time, and the need to hire a full-time tech.

Flexibility

Augmented teams allow complete flexibility with your team size and skillset. Shifting full time staff can take longer than the project itself. So why not implement augmented team members at the click of your fingers?

Improved output

Staff augmentation allows the business to hand pick the best resources to contribute to the project, which can dramatically increase the quality of work.

Visibility

By keeping the development in-house, communication with the business will be streamlined and transparent.

With 94% of businesses already using cloud computing to some degree, the global market is forecast to grow to £440 billion in 2023 – it’s clear cloud computing is an integral part of business in today’s climate 

Although, many companies are still reluctant to fully migrate to the cloud. If you’re one of them, don’t worry – we’ve compiled some evidence to show why migrating to the cloud just makes sense. 

On-premise servers are going extinct

In an increasingly online world, flexible working arrangements are quickly becoming the norm. 

Your employees are looking to work from anywhere, on any device, and still be able to access core information and data the way they would in the office.
With that in mind, on-premise software can limit a business’s performance. 

The cost of maintenance for on-premise and off-site backups is also substantial. If you’re in a highly regulated industry like finance or healthcare, changes in government policy might mean another cash injection to keep servers secure. 

Cloud computing is the future

Cloud Computing gives your team the flexibility to work anywhere and everywhere with complete peace of mind. 

Over the past few years, we’ve watched business interest in cloud migration skyrocket and help companies of all sizes and sectors introduce a business solution fit their needs. 

Whether you want to cut costs, improve efficiency, or ensure continuity of security, the benefits of migrating to the cloud will vary depending on your business model. 

Cut expenses

Once you’ve started investing in buying and looking after on-prem servers, the task of migrating away from them gets increasingly complex and problematic. 

One of the most significant benefits of cloud migration is the flexible expenses, giving your business the power to be agile. 

Scalability and flexibility

Cloud hosting providers offer flexible pricing plans depending on a business’s needs. You can start small when you have a head count and only a few clients and scale up your storage to fit new requirements. 

Considering the comparative cost of buying and managing new servers to manage this transition, there are significant benefits of migrating from servers to the cloud for finance and expedience. 

Peace of mind

Gain complete peace of mind with superior cloud security. Despite the traditional belief that more access means an increased security risk, the host handles all security updates, meaning you’ll never have to worry about compromised data again. 

Better time management

After stepping away from on-prem, your team will save time typically spent on mundane and irrelevant tasks. Let your team innovate and organise their time by moving online. 

At this difficult time, all of us at egforit Software want to say that our customers are really important to us. It may sound like a cliche, but it’s true. And we need to work together to maintain business continuity during COVID-19 — for the good of our organisations and to support the economy at large.

That’s why we want to tell you about the support we are providing throughout the crisis and beyond, as its effects continue into the future.

Digital change is faster than ever

For all of us, it will be our ability to adapt and transform that determines how we emerge from this. Most organisations are implementing new processes and technologies to empower a remote workforce and maintain business continuity. And all of this requires staff to learn new skills — which can be the most challenging part.

Our customers may know us as a support partner, as software developers, as a hosting partner, as a systems integration partner, as a provider of IT contractors, or as an IT training provider. Putting all of these skills together, we see ourselves as a one-stop-shop for ensuring your IT systems can maintain business continuity during COVID-19.

Assistance and guidance for critical IT

With remote working now the norm, many organisations are grappling with technical and skills-based changes. Our infrastructure team can provide expert assistance to guide and support you with the move to home-working — whether with setting up remote access, configuring and supporting Microsoft Teams (or other remote working software), or anything else.

We can do this because our team of 80 have worked with hundreds of organisations like yours, offering an extremely wide range of support services. And we have always had staff working from home, so we are experts in helping other organisations make that transition.

If you want guidance, we can provide that. If you want help with technology, we can do that. If you need expert troubleshooters to help your home-workers, we can do that.