Enterprise Resource Planning, or ERP, is software that is intended to tie together an entire organisation.

ERP accounts for the largest share of enterprise software spending. According to Gartner's Market Share, ERP software revenue increased globally by 11% from 2020 to 2021, reaching a total of $44.4 billion.

An Enterprise Resource Planning (ERP) system was built with the purpose of eliminating the redundant business process and ensuring the data flows smoothly across all functions and departments thus promoting interdepartmental collaboration.

In the previous article, we looked at major supply chain challenges faced by several manufacturing sub-verticals during the height of the pandemic. 

Within just two years, the COVID-19 pandemic has completely changed everything. How the world operates, our lives, everything just collapsed, and the effects of the pandemic have left countless people and businesses suffering.

Food and pharma businesses have to secure their processes and for doing so, they need to have a platform that is sustaining all these responsibilities. That is when GRC software jumps in.

Before we can answer the question above, we must first define what SaaS accounting is and how the Financial Services sector operates. From there, it will become clearer why and how the financial services industry can benefit from SaaS accounting solutions.

Read more: Must-haves of accounting software for financial services firms

Internet scams are an ever-present threat that no one is immune to. Scammers never miss a chance to attack both individuals and businesses, so you are always in danger of losing money, assets, and private information. Phishing scams started in the 90s and became a prominent issue at the beginning of the 2000s. While they are not new, these scams have become increasingly sophisticated and pose a serious threat to many businesses.

There was already a severe global shortage of hospitals and medical professionals pre-pandemic. Nurses, for instance, worked longer shifts, and hospitals, while still short-staffed, took in more patients than they could really handle. Furthermore, a significant portion of the healthcare budget was spent on chronic diseases.

We all know how devastating the COVID-19 pandemic has been to the hospitality industry. Although the situation is gradually improving, the sector is still far from being out of the woods. So, what are the challenges hotel businesses may experience during this "business-as-unusual" period and what can they do about them?