Month: September 2022

The professional services sector is under tremendous strain as a result of the current digital economy. Threats from the competition are making it difficult for many businesses to survive. The method that companies provide their services has changed as a result of new market entrants. This has driven the professionals in the sector to develop better strategies or else stagnate over time, leaving a permanent stain on margins and revenue growth. Every company needs to reconsider how to organize its business models and promote expansion. We cannot dispute that digitization has increased transparency and revealed service options. In the long run, this has helped them improve their customer communications while lowering the barriers that new competitors had previously erected. Their enterprises have the chance to advance in unthinkable ways thanks to this as well. Adopting SAP S/4HANA Cloud with professional services would be the ideal choice. How will SAP S/4HANA Cloud Benefit the Professional Service Industry? Due to digitization, professional services organizations can now perform at their highest level compared to earlier periods. In order to flourish, every professional service organization must have a digital vision, including competitive strategies. They must consider new business models, provide knowledge as a service, and flexibly source resources via outside talent networks. To do this, every company must reengineer its business procedures while determining if it has the best technological foundation for realizing its goals. This platform requires an IT architecture with long-term stability and reliability to manage the primary business operations, encouraging adaptability in fields that focus on change. Also read: https://www.vestrics.in/resources/7-key-benefits-of-choosing-sap-s-4hana-cloud-for-the-pharma-industry/ The digital core is the fundamental component where you can operate with consistency and flexibility. This provides unbroken real-time analytics and transactions where Big Data can be combined, as well as expansions to line-of-business connectivity to support activities like networks and personnel sourcing. SAP S/4HANA Cloud solution provides professional services companies with a solid framework to support industry best practices. Additionally, you can achieve operational excellence across several key financial management and engagement procedures. Captured below are the top digital priorities that will help organizations develop and deliver superior professional service: Engage with customers on their terms The consumer’s expectations are continuously rising, and thus, a need to constantly raise the bar in customer service arises. In today’s world, it has become convenient and easy to buy goods and services with a couple of clicks and swipes. Challenge for any marketer is to keep the customers coming back and support them through all the stages. So, organizations must constantly address their demands and offer touchpoints to customers for easy connection. SAP solutions are here to help with a high level of self-service tools for customers with knowledge management and chatbots built in. Also, the solutions provide quick, reliable, and consistent omnichannel service across all scenarios. Customer queries and support issues are quickly addressed and resolved through an AI-supported solution helping with maintaining consistency and exceeding customer expectations. Deliver quality service Long wait times are a thing of passe. We are living in times where customers do not want to wait and need immediate answers with quick issue resolutions. In the first contact with the organization, they need a fix for their issue. So, by clubbing the customer experiences with service operations data, you can now get clear insights, enabling you to create better customer experiences and move agilely. SAP solutions provide a single agent desktop with a 360-degree view of customers, ticket management, case management, and embedded knowledge management. So, stay on top of things and never let a customer moment slip out of your hands. With AI-enabled service intelligence, you can now automate your ticket categorization and routing. It also enables you to support your agents with automated recommendations to resolve the raised tickets quickly. Develop new business models As most traditional products are now commoditized, it is not about only selling products but providing complete solutions, charging for these product-centric solutions, and monetizing data. Solution and service-led revenue is becoming a goal for manufacturers looking for higher profit margins and deeper customer bonding. SAP solutions let an organization have a 360-degree view of the customer to strategize and deliver a customer-centric experience. It also supports business transformations from products to solutions-driven services, which provide higher margins. From an overall perspective, an outcome-based business approach is enabled through SAP solutions. Improve productivity and lower carbon footprint Bringing down the cost of customer service and, at the same time, improving the quality of service is a tough challenge for any business organization. To achieve this, the agents need to be provided with productivity tools, offer self-service solutions to customers, try to reduce direct contacts, automate using solution-driven technologies and bring efficiencies in processes to reduce the carbon footprint. Well-packaged service management with SAP S/4HANA Cloud speeds up the service implementation. This comes with machine learning-based ticket management, solution recommendation, and service schedule. Real-time analytics, automated processes, and handy mobile tools ensure anytime and anywhere service. This helps in enhancing customer delight and creates a world of positivity. Conclusion The professional services company of the future will look very different. Never before has technological progress provided the industry with opportunities for innovation, transformation, and growth. The intelligent technology enables businesses of all sizes and types to automate basic tasks, develop digital knowledge-based products, and access non-employee networks to increase sales without adding headcount and accelerate change. Reach out to us at sales@vestrics.in or call us at +91 99510 53333 to know more about how SAP S/4HANA Cloud would benefit your industry.

There’s been an increased competition that small and mid-sized businesses have been facing recently. There have been immense challenges on all fronts as well. With growing dynamism in the business landscape, legacy ERP systems have almost become redundant. Dynamic and agile SMEs have a tremendous edge over others to build better customer and supplier relationships quickly. Having said this, it takes sustained efforts on behalf of the SMEs to achieve business agility and take care of production efficiencies simultaneously. The competition also needs to be kept track of. All of these factors need an interconnected, automated approach that aids management in making critical decisions based on strategic insights. This interconnectedness needs to take a relook at the dependencies across organizations, data from various departments, and how they affect the critical areas of business functioning. Interconnectedness is the very basis for the growth and stability of the business. However, in small organizations, there is still a lack of coordination between departments, which proves to be a significant barrier to transformation. SAP Business One is an advanced ERP system that can take care of the challenges of the current business scenario. SAP Business One has been a trusted partner for over 65,000 SMEs globally, providing robust ERP solutions. SAP Business One solution can effectively take care of the entire business operation for small to mid-sized organizations. The tool handles all the primary organizational functions like finance, accounting, sales, customer management, inventory management, and human resources. Complex data and insights can be efficiently mined using SAP Business One, giving a strategic edge to the organization. Also read: How to boost your company’s sales with SAP Business One? The following points will take you through some compelling reasons why a small to a mid-sized organization should look at SAP Business One to address challenging business requirements. Increase Employee Productivity Employees often find navigating through complex business processes challenging as the business expands. Ever realized that manually carrying out these business processes will be time-consuming, decreasing the overall employee morale and productivity, leading to reduced efficiencies and customer dissatisfaction? Thanks to SAP Business One ERP. Creating in-depth and meaningful reports for SMEs is now made easy. Automate complex business processes, capture critical business data, and provide accurate and real-time information to all employees across various departments through SAP Business One’s integrated approach. Reduce Operational Costs Well, budgets and finances have always been a cause of worry for SMEs. One of the significant benefits of SAP Business One is the ability to cut down business costs and provide a higher Rate of Investment (ROI). Not just that! The initial cost of implementation comes at an affordable rate coupled with varying payment options. With SAP Business One, increase operational visibility, and make quicker and more informed business decisions. Further, reduced business and operational costs equate to higher profits leading to an increase in cost-saving business opportunities. Don’t forget. SAP Business One is a comprehensive one-stop solution that integrates the functionality across the entire business functions rendering everything that SMEs would require in a single package with effective cost-efficiency and increasing cash flow significantly. Increased Supply Chain Visibility SMEs generally have smaller warehouse operations, and supply-chain visibility is one of the essential functions for all SMEs. However, due to the complexities involved, like managing purchase orders, supplies and payments, the businesses find it difficult to operate efficiently. SAP Business One helps businesses gain more visibility and helps track all activities on a single dashboard. What’s more! SAP Business One supports multiple warehouses to manage in real-time. SAP Business One provides powerful analytics to make informed business decisions and establish parameters. Free yourself from complex procedures and deploy SAP Business One ERP to ensure growth. Easy Deployment in the Cloud or On-premise A business needs to choose the ERP deployment based on its requirements. What might seem fine for one company might not work out well for the other. Why worry? SAP Business One offers cloud and on-premise deployment options for its customers based on various factors like infrastructure, IT team, hardware, and maintenance availability. To one’s surprise, the convenient scalability of SAP Business One gives SMEs the opportunity to grow and expand with the same solution as and when the business needs increase. Capture Real-time Data For a small and medium-sized business aiming at growth, availability and access to real-time analytics and business data are critical requirements. Employees who work while on the go should be able to leverage and access the data as and when required. Storage of data to the central location and updating all the relevant information from multiple databases on a real-time basis, along with an ERP integration, is now easily possible with the help of SAP Business One. SAP Business One is easily scalable, suiting the expansion requirements as and when the support is required for growth. With the ease of secured data availability along with a layer of periodic updates, the stakeholders can now take vital business decisions backed by intelligent analytics to plan their growth and do course corrections wherever required. Conclusion SAP Business One is the right choice for SMEs. You can count on SAP Business One as a comprehensive and affordable solution. All that you need to find the right SAP solution provider.  We at Vestrics help you with the implementation of ERP software. As an SAP Gold Partner, we enable you to customize the solution based on your requirements and extend its capabilities with specific industry add-ons to experience a personalized solution. So, are you ready to fuel your business with digital transformation? To know more about SAP Business One, write to us at sales@vestrics.in or call us at +91 99510 53333.

If your organization is looking for a comprehensive cloud solution at an affordable price, you are at the right place. SAP Business ByDesign is an entirely cloud-based solution that combines all your essential business functions in a standardized solution environment. SAP Business ByDesign is a dynamic, configurable solution that helps you drive your business. It is an end-to-end business process integration specifically designed for SMEs that offers flexibility, takes your business to the next level, and increases efficiency. SAP Business ByDesign can help turn your challenges into opportunities. Whatever the size of your business, SAP Business ByDesign supports all the day-to-day business activities and provides the business 24 x 7 functionality to track its performance, run critical reports, and execute tasks on time. SAP Business ByDesign is the solution for every business with fast-growing needs. So, if you’re an SME, you have all the reasons to opt for SAP Business ByDesign. Let’s look at the benefits that SAP Business ByDesign has to offer: Gain Extensive Insights Now, you can get real-time insights into your small or midsize organization. SAP Business ByDesign, combined with SAP HANA, has a built-in analytics function that provides stakeholders a real-time vision of business areas, thus providing valuable insight into where the company needs to go. With this, the management can quickly do course corrections and stay on top of the competition. Realign Your Business in Short Order SAP Business ByDesign is flexible, dynamic, and adaptable to the requirements of your day-to-day operation. The software helps the management to evaluate how they stack against their competitors. As per the organization’s requirements and minimal effort, the software adjusts quickly to help the organization speed up its productivity and succeed in the dynamic corporate world. Even with frequent changes and fine-tuning processes, data accuracy is always maintained so that the management can accurately represent the data to make well-informed decisions for organizational growth. Simplify Collaboration With SAP Business ByDesign, the cooperation within the company and with the customers becomes smooth and easy. Accelerated integration with predefined business scenarios makes the software adaptable for potential opportunities that might arise with other companies. Also read: https://www.vestrics.in/resources/analytics-and-reporting-in-sap-business-bydesign/ Bring Adaptability to Processes With dedication and hard work of over 40 years, SAP Business ByDesign has come into existence which simplifies the way business is conducted and made flexible to adapt to any business challenge. With SAP Business ByDesign, you can add direct and indirect business channels when your sales and distribution network is also growing. SAP Business ByDesign supports business processes in various countries, languages, and currencies with local compliances, ensuring that your IT setup can now keep up with the growing business. Ensure Compliance with Legal Standards and Regulations One of the most critical aspects of business operations is adhering to compliance and legal requirements. SAP Business ByDesign takes care of the entire business integrity and streamlines all the business processes. The solution is designed in such a way that it takes care of a variety of country-specific and business background information, thereby helping businesses to tune their offerings according to local legalities and processes of the region, thus fulfilling the compliance aspect. SAP Business ByDesign is an efficient and cost-effective means of meeting legal obligations. Automate workflows Automate a wide range of mundane tasks with SAP Business ByDesign, not just in your organization but also in your network of suppliers and other partners. SAP Business ByDesign helps in rapid processing, gives the option to prioritize activities on a need basis, and keeps track of all the important developments. It is critical to make decisions anytime with real-time access to information. And this is possible by SAP Business ByDesign which automates crucial business processes to increase productivity. Make Profit from Embedded Services SAP Business ByDesign gets updated frequently, which contains the latest functions, rules for legal compliances, business content, and software patches for the smooth running of the tool. SAP Business ByDesign has an integrated learning module through which employees get on their learning journey and traverse it at their own pace. New learning content can also be easily added to the software in adherence to the company’s processes and requirements. With SAP Business ByDesign, an integrated IT landscape enables an organization to easily and quickly implement the software and perform maintenance operations. In simple words, about the latest trends in the industry and requirements, the tool easily adapts itself. From a work perspective, the software tool is cost-effective. In addition, the solution aims at giving the employees flexibility and freedom to reach their potential, thus enhancing their productivity and keeping their motivation levels high. Conclusion With SAP Business ByDesign, now establish a solid foundation for long-lasting customer relationships, swift innovations, and optimized processes in the long run. Thanks to its in-depth integration with the rest of the SAP portfolio, options for connecting with other organizations, and the power of SAP HANA, this solution represents the cornerstone of your current and future success. Count on us for a smooth implementation and reach out to us at sales@vestrics.in or call us at +91 99510 53333 for a complete solution tailored to your needs.

It is a well-known fact there is always a tussle between the sales department and inventory management function. When a company fails to deliver the product when the customer needs it, the same results in lost revenue and lesser chances of repeat business. At the same time, too much inventory is equally a risky proposition. Cash becomes bound, and storage costs accrue. The company incurs losses if the stocks are unsold on time with a profit. A fine balance between demand and supply needs to be worked upon. Enterprise Resource Planning (ERP) tool could be the right answer to better manage the demand-supply equation by enabling timely coordination, forecast, and effective communication between inventory management and sales teams. SAP Business One is a preferred ERP solution for businesses to give equal weightage to inventory and sales management. Consumer demand is dynamic and depends on many factors like economic conditions, timing, and trends that form expectations and needs. When there is less control over inventory stock, it leads to higher costs and affects the turnover rate. It becomes easy to fall into a stockpiling mode. A downturn in the economy, declining trends, etc., might put a pause on people spending on goods, thus adversely impacting the business, mainly if the stocks are not managed well. The company might be forced to other tactics like heavy discounts etc., to liquidate excess inventory, thus incurring losses. This is precisely the reason why influencing demand becomes a priority. It becomes the task of the sales and marketing team to sift through customer data, engage with customers, negotiate with them, create value for the brand and promote the differentiated offering so that customers are convinced. Availability and flow of the stock ensure the marketing promises are kept, the sales & marketing teams are motivated, and they are able to engage customers better. In an ideal situation, the sales and inventory teams feed each other and share a close working bond. Thus, it becomes essential to have one centrally available data for making critical decisions. SAP Business One is a comprehensive ERP solution that binds together the finance, procurement, production, sales, customer service, and inventory management teams and makes them see vital information. It eliminates data stored at different places via legacy systems or spreadsheets. Working with an efficient and centralized system ensures information from various areas of business can be integrated and analyzed, providing real-time stock data from when there is a stock movement and precise recommendations on when to stock. Material Requirements Planning (MRP) module in SAP Business One helps in accurate decision making in a chosen strategic area based on parameters which may include: Demand in the system: including sales forecast, supply orders, production orders for goods requirement, stock transfers, Internal stock requests, system quotation, and blanket agreements Inventory and inbound supply: including current stock situation, purchase orders, production orders and stock transfers to be receipted. With the use of this module, minimum and maximum stock levels based on precise data become easier to calculate. The functionality also allows considering the available warehouse space and not looking at only the number of units. There is provision to take into consideration other factors as well. Be responsive to current and potential customers with SAP Business One Predictive inventory management is vital to balancing the supply and demand equation. Another important need is to empower the sales team to meet customer expectations. Precise information on products and their availability is always critical. With SAP Business One, it becomes convenient for the sales team to manage sales. Things such as these make it a smooth ride: Status report access: When a sales rep is negotiating with a customer, they have access to any information in the system, thus enabling them to give a quick response to the customer on the available quantity of the product, how much order is logged in, volumes, availability & queries like these. Alternatives available: SAP Business One can create product linkages that enable the sales rep to suggest an alternative product on the fly in case the SKU is unavailable, without having to go back to the customer again. Final quote: If the business allows flexibility on final quotes based on certain parameters, like volumes, ad-hoc discounting etc., SAP Business One allows a sales rep to the customer’s past buying history to determine the starting point for negotiations. With SAP Business One, you can combine other solutions like SAP Sales Cloud for better customer relationship management and mobile sales support driven by ERP data. With the use of SAP Sales Cloud, field reps have instant access to information regarding customers’ top purchases, added with an ability to offer discounts on products that are about to expire and modules to provide quotes on the go. Now with SAP Business One, strike a balance between sales and inventory. When you have the right products to sell and the company’s success depends on it, you need to have the right workflows and inter-dependent data to build an information network within the company. SAP Business One gets all these alignments to balance inventory management and sales. Are you interested in improving efficiencies in managing inventory and sales? We offer an array of industry-specific business solutions for your company’s processes together while also making sure to customize and extend business processes more efficiently, saving time & money! Reach out to us at sales@vestrics.in or call us at +91 99510 53333 and let us help find you the right package for your business needs.