Why SAP Business One is a best ERP for SME’s ?
SAP Business One Best ERP
SAP Business One is a Enterprise Resource Planning (ERP) is the business process management software that helps small to medium sized businesses use a system of integrated applications for managing business and automating several business functions. SAP Business One ERP is increasingly used by small business to medium enterprises to streamline and condense data that is available in several departments into one platform that allows better decisions and increases productivity.
Since there are various enterprise applications in the market, you may ask why SAP Business One is the best ERP for your business.
As data-driven technologies become accessible, small and mid-sized enterprises (SMEs) are driven by the need to acquire business tools used by large businesses. SAP B1 Enterprise Resource Planning (ERP), a tool that was always considered as a backbone of operations in corporate-scale enterprises, is now gaining popularity with SMEs.
Key reasons to choose SAP Business One for your Business:
Integrate the flow of information:
SAP B1 helps business to integrate the flow of information between the different business processes in the organization while integrating business transactions with the financial system of the company in real time. This allows the management to view the financial implications at a high level and make more strategic decisions. SAP B1 helps to cover the core processes that start from CRM, sales order entry and continues to product pricing, shipping/delivery, inventory and warehouse, production, procurement, invoicing, financials and other business processes.
With SAP B1 key data and information of all departments are made available on a single platform at the right time and place. Hence, negating the need to contact employees of different departments and/or go through excels sheets to collect relevant data. SAP B1 maintains a master data for vendors, customers, products/materials, routines and manufacturing work processes, bill of material (BOM), and other data which is critical. This helps to maintain consistency in the work processes, saves time, and enhance productivity.
Maintain control & reduce operating costs:
Small business often uses low-cost tools such as spreadsheets or simple accounting software which is suitable when the company is very small with a limited volume of transactions. However, with complex business processes and increasing transactions the need for SAP B1 ERP system becomes crucial to further success and growth. With the increase in human resources and growth in revenue, lack of appropriate integrated business software could have a negative impact on small business. SAP B1 implemented in a growing business will improve the recovery of lost orders, inventory shortages, poor planning, missed invoicing, missed shipments, and a general lack of control.
One of the greatest advantages of SAP B1 ERP in small businesses are agility and flexibility for adapting to market needs. Having SAP B1 will empower businesses with flexibility in terms of making necessary adjustments in data management. For example, stock adjustments, changes in sales figures, cancelation of orders etc., can be flexibly maintained in SAP B1 rather managed via in a spreadsheet.
Increase sales and long term planning
Controlling business process via a spreadsheet that requires manual input to keep track of sales orders could lead to mistakes in production and distribution, and thereby loss of sale. With SAP B1 implemented, one can have an automated authentication mechanism to prevent errors from happening. SAP B1 will sends hourly/daily/weekly report of sales and key performance indicators of the business, so that necessary measures can be taken.
With SAP B1 in place taking core business decisions are easy, since access to information through a single system and accurate data in a timely manner. In small business when such data and information are easily available and constantly updated in the ERP system, the management can take informed decisions that are necessary for business growth.
Key take-out to implement SAP B1 for your business:
Although the costs of installing SAP B1 ERP can be a little expensive than a smaller accounting system or maintaining data over spreadsheets, the benefits of SAP Business One makes it a beneficial tool for small business(SMEs). SAP B1 helps to manage data more effectively, maintain confidentiality, carry out adjustments in a flexible manner, enhance labour productivity, increase sales and take effective decisions at the right time.