How to do ERP Analytics for your Business ?
The best definitions for both business analysis and the role of a business analyst describes business analysis as “the practice of enabling change in an organizational context, by defining needs and
recommending solutions that deliver value to stakeholders.” Therefore, it is the role of the business analyst to enact change to improve business practices. During an ERP implementation, the business analyst works directly with the project stakeholders to define business requirements needed to maximize the business value of the ERP solution. This may include many people within your organization, from the IT manager to the CEO.
To maximize the business value of your ERP implementation it is critical to have both business analysts and solution architects working together to ensure all stakeholder needs are accurately defined and delivered. The roles of the business analyst and solution architect have changed over the years, as has their importance to a successful ERP implementation.
Deciding to invest in an ERP is not always an easy decision. While you know eventually the purchase of the software will help improve productivity, eliminate redundancies, and enhance your company’s ability to grow, knowing what to expect in an ERP implementation can help you realize these business benefits quicker. Understanding the different roles involved in an ERP implementation project can help you maximize the value of your ERP and ensure a successful implementation.
Where the business analyst works with the project stakeholders, the solution architect works directly with the business analyst to identify and create a solution that meets the business needs of the stakeholders as agreed upon and documented by the business analyst.
The solution architect integrates multiple systems or business changes to arrive at a cohesive functional solution that meets the needs of the stakeholders. To do so, The business analyst and solution architect work closely together during the project.
First, the business analyst works to identify, refine, and bring the stakeholders to agreement on requirements. The business analyst then presents and communicates the requirements to the solution architect.
Next, the solution architect reviews the business, stakeholder, and solution requirements prepared by the business analyst. He/she will also incorporate all documented business and technical constraints identified by the business analyst, project manager, and other team members.
The solution architect – working with the business analyst – identifies and crafts a solution(s) that meets the client’s needs. The business analyst will then recommend the solution to the stakeholders and document how the solution meets the business need and directly traces back to the requirements.
Understand Why You Need an ERP System.
Business Analyst Role in organization
How to be able to handle the changes to requirements?
Steps in developing a product from a basic idea
Analysis techniques
ERP Business Analyst Responsibilities and Duties
Understand Why You Need an ERP System.
Maybe you are a growing company or a startup. Do you really need potentially expensive software? The answer – if you want to grow and stay competitive – is YES!
Gone are the days where you could get by with the number one ERP system in the world (Excel). It is true that many businesses still use Excel as their enterprise software. Often, these companies lose significant business to competition who have upgraded to current solutions. If you’re considering an upgrade to Dynamics 365, read our post on Dynamics AX vs. Dynamics 365.
If you want your business to slowly leak profits and not have the ability to make real-time decisions based on hard data, then you can stop reading here. You won’t hurt our feelings . . . you’ll just hurt your long-term bottom line.
Do you need a new ERP system?
We see it all the time – companies still using green screen (dumb) terminals with dreadfully slow loading times and inaccurate data. These companies have frustrated sales reps and employees, no ability to be mobile, ERP security issues, upgrade constraints because of customizations and worst of all, no support from the company that made the system in the first place.
The list goes on. If you experience any of this, you are a prime candidate for a new system that can help your business grow and compete in today’s market.
Business Analyst Role in organization
To understand the business requirements, integrate them with technology, and act as the bridge between various stakeholders. The business analyst job profiles are very lucrative, full of potential, and offer higher remuneration. Whether you are a professional business analyst or aspiring to be one.
Business Analyst plays a vital role in a project for an organization, The main role of a Business Analyst is to find out the need of an organization, finding out their problems, even predicting future issues to an extent, suggesting suitable solutions for the same and drive through the organization’s achievements.
The role varies from organization to organization, project to project and even from domain to domain.
BA in a project can play the role of a Business Planner, System Analyst, Data Analyst, Organization Analyst, Application Designer, Subject Area Expert, Technical Architect, etc.
Core skills include a good grip on system engineering concepts, leadership qualities, technical knowledge, writing, and verbal communications.
Their job may vary as per the employer’s requirement like some are limited to IT projects, even few of them extend their responsibilities to areas such as finance, marketing, accounting, etc.
How to be able to handle the changes to requirements?
As a Business Analyst, the first task will be to get a signature on a document by the user which states that after a point of time no changes to the requirements are accepted, In a few cases, if the changes to the requirements are accepted then:
Firstly, you will note down the changes made to the requirements and will prioritize them, I will also go through those changes and find out the impact of them on the project., you will calculate the cost, timeline, and resources required to cover the impact of change requirements on the project, And you will make sure that whether those changes affect or create gaps to functional design documents, testing or coding.
Steps in developing a product from a basic idea
n the process of developing a product from an idea, there are many steps to be followed as enlisted below,
Market Analysis: This is a business plan through which the characteristics of a market have been studied, like how the market changes and behaves dynamically.
Strengths Analysis: This is a process through which the Strengths, Weaknesses, Opportunities, and Threats of an organization are identified.
Personas: These are typical users of websites or intranet who represents the goals and characteristics of various large groups of users. Personas replicate the real users in functional design.
Competitor Analysis: Evaluation of the strengths and weaknesses of outside competitors.
Strategic Vision and Feature set: The process of developing the goals in present and planning to achieve the same in the future by moving towards the vision.
Prioritize Features: All the features of the product that is to be developed are prioritized by the product management to help the development team.
Apart from the above-mentioned steps, there are furthermore terms involved in the process of developing a product. , Storyboards, Test Cases, Monitoring, and Scalability.
Analysis techniques
techniques Analysis is a proper technique used in decision-making for Organization control activities and also used in tracing out the resolutions for defects. It is categorized as a decision-making technique based on its statistics that, with a limited number of selected inputs we can have a great impact on the outcome.
there are other analysis techniques is a powerful technique used in classifying the various types of customer requirements for new products.
The main attributes of analysis techniques
Threshold Attributes: These are the properties that a customer wants to be available in the product.
Performance Attributes: These represent some extra properties that are not necessary for a product but can be added for customer’s enjoyment.
Excitement Attributes: These are the properties that the customers are not aware of but are excited when they found such properties in their product.
Conclusion
Every organization hiring a Business Analyst wants to make sure that the hired professional should start contributing his valuable thoughts and ideas from the first day. The output of a work is utilized by IT people for developing the product and by the non-IT people to see the model of their application product.
and you should you have answer for down questions
What are the different roles in your organization those who interact with Business Analyst?
What kind of challenges should I handle in your organization?
What makes a Business Analysis successful in your company?
What is the process followed in your organization, a huge process or an informal process?
ERP Business Analyst Responsibilities and Duties
Support on functional aspect and help maintain custom components of ERP System.
Assist other team members by performing technical development work related to operational ERP System.
Interact with ERP System Application Development Group and users to determine project requirements.
Implement ERP System solutions for operations area through providing functional designs.
Provide routine production support through ERP business solutions.
Develop, record and maintain ERP System customizations and interfaces.
Analyze impact of patches and development work in other areas, on existing ERP System customizations, and coordinate their migration to production system.
Support and maintain HR systems and processes to meet business requirements.
Resolve issues and develop business solutions working with HR, Payroll, Finance and all ERP .
Manage medium to large sized HR systems projects like upgrade or system implementation.
Perform as subject matter expert for HR systems.
Perform continuously to improve system capabilities and business processes.
Conduct analysis sessions during implementation of Product.
Provide assistance to customer during integration testing.
Propose alternatives for any client’s request and manage project within original boundaries.
ERP Business Analytics Service consist of:
ERP Business Analytics
To maximize the business value of your ERP implementation it is critical to have both business analysts and solution architects working together to ensure all stakeholder needs are accurately defined and delivered.
Define Business Requirements
To the stakeholders is the critical activity of an enterprise that must be performed to meet the organizational objective(s) including the documentation of customer needs and expectations.