Blogs5 Ways the Right ERP Software can Grow Your SME

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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.