How Enterprise Resource Planning (ERP) Can Help Small Businesses Grow
Now that the economy is showing signs of improvement, is your small business experiencing periods of growth? If so, business owners need to be able to have an all-encompassing, 360 degree view of their entire organization. During periods of expansion, financial management and the ability to generate accurate reports must be a priority. With the enterprise resource planning (ERP) solution SAP Business One (also called Business One or SAP B1), numerous manual tasks can be automated, you can have immediate access to real-time financial management, customer relationship management (CRM), procurement, production, and comprehensive reports can be instantly available when you need them even if you’re out of the office.
SAP ERP – SAP Business One – Automate Business Processes, Monitor Operations, and Optimize Financial Supply Chains
With a robust ERP solution such as B1, small to mid-sized companies can automate business processes, monitor operations, and optimize their financial supply chains all of which contributes to wider margins, supports cost savings, and facilitates strategy execution. When your business software automates your everyday financial tasks and integrates them with other business processes, such as purchasing and sales, in real time, the results are faster transactions, more accurate data and improved cash flow. As a core element of any organization’s success, having product on time and where your customers want and need it is absolutely critical. When your business software automates the tracking of inventory from parts to finished goods across warehouses the outcome is you can monitor your sales and purchases more efficiently. As acquiring and maintaining loyal clients is about more than simply making the sale, having a customer relationship management platform is also extremely important. A CRM platform is only effective if it allows executives to look at all of the most critical variables such as: which marketing materials are the most effective, which customer demographic is the most inclined to make repeat purchases, whether or not requests submitted to your customer service department are met quickly and effectively handled. Further, the data collected enables careful and continual analysis based on the specifics of your company. With an ERP solution such as SAP Business One, you can learn more about what works and where your company could improve in order to gain additional advantages.
SAP ERP – SAP Business One – A Single Solution Connecting All Areas of Your Business
Often, when business leaders are looking at management software systems, they think they should have one distinct software application for each area of their comany. Instead of reviewing an all-in-one, integrated enterprise resource planning (ERP) solution, they look for one tool that will track finances, another program for inventory control, a different system for customer relationship management, and a separate application for warehouse and production management. As the financial accounting, customer relationship management, inventory control, production management, and purchasing tracking applications are separate, the software programs don’t often integrate effectively. As a result of the lack of integration, reporting on all of the various elements of business does not provide a clear, concise, and complete (360 degree) picture of a small or mid-sized enterprise. In order to grow your small or mid-sized business effectively, you need an intimate familiarity with every aspect of your company and this knowledge starts with your ERP software solution. Business One connects all areas of your business and provides you with instant views of your company’s performance, enterprise-wide.
SAP ERP – SAP Business One – An Integrated Business Management System for SMBs
SAP Business One lets small and mid-sized businesses (SMBs) take advantage of a single, all-in-one, integrated enterprise management solution. For growing companies, there’s no longer a need to compare figures, enter data into multiple systems, or generate reports manually. With SAP Business One, you can not only have a complete view of your entire organization’s performance, you can enjoy instant access to up-to-the-minute financial management, CRM, procurement, production, as well as comprehensive reports – all available to you ““ even if you’re on the go. SAP Business One supports your business while it grows, allows you to streamline operations, connect all business partners and locations, and ensures that you have the information you need to make the right decisions quickly.
SAP ERP Software – SAP Business One – Business Applications Advice
The best way to understand how this powerful ERP solution can benefit your small or mid-sized organization is to talk to a Certified SAP Business One Specialist. For personalized, one-on-one advice regarding SAP Business One, please call Cornerstone Consulting at 813-321-1300 today.