Are you a startup looking to get off the ground and carve your own specific niche in the business world? Or perhaps you’re the owner of a small business who’s spent many waking hours thinking about what else you need to grow your operations and get to the next level of business.
If so, then you may want to look at having ERP, or Enterprise Resource Planning software installed in your workplace, with SAP Business One being our main recommendation in terms of which ERP solution to go with. By doing so, nearly all of the work processes in your business will be streamlined and made more efficient, allowing your business to achieve the growth it needs to succeed and become the money-making enterprise it’s destined to be.
But what is ERP software? How does it do that, and what makes SAP Business One so special? How does one go about improving your bottom line with SAP Business One? We aim to answer those questions and more in this article.
What is ERP software, and how does it work?
ERP software, or ERP for short, stands for Enterprise Resource Planning software. It’s a generic term for a suite of software programs that provide an organization or business with a system of integrated applications that help manage and automate the routine functions and operations of that business. By doing so, the accuracy and efficiency of these functions are increased, which in turn increases the profitability and long-term viability of the business.
One example of ERP software working for a business is the quicker and more efficient transference of information between the separate departments in a business. For example, say the sales team is asked by a big-time client about a particular item’s availability. As the sales team has no quick access to the inventory, they route the query to the inventory department. Soon enough it’s discovered that the product is out of stock, due to the manufacturing and sourcing department not having been correctly notified about the stock being depleted. This unfortunate chain of events results in a sale not being made, as well as a long-time customer potentially moving over to a competitor.
Why SAP Business One?
Having an ERP solution such as SAP Business One can stop that kind of situation from happening. Besides the fact that it will allow the sales team to view the information that the inventory department puts out at any time, it will also help the manufacturing and sourcing department be more on the ball when it comes to identifying popular items that need immediate restocking.
There’s also the fact that SAP Business One carries with it all the heritage and legacy of SAP, the ERP of choice of many global and nation-spanning enterprises today, from every single industry currently thriving in the modern business world. Imagine that: you’re using SAP to improve your business with something that has the quality and reliability of an enterprise-level solution. Is it overkill? It probably is, but like in all aspects of business, you have to go the extra mileif you want to succeed.
With that said, here’s a brief list of what SAP Business One can do for you, as well as give you a better idea of just how your business can benefit from it.
It helps your business proactively grow by streamlining operations, instead of forcing it to react to the details of day-to-day tasks. While paying attention to detail is always a good thing in business, getting bogged down by them can easily result in stunted growth. SAP Business One can help automate the management and monitoring of those details to get you and your staff to focus on getting the more crucial tasks of the day done. Examples of such details may include (but are not limited to) the following: inventory analysis, monthly customer status, sales and cash flow analytics, and more.
It facilitates quicker and more efficient responsiveness to customer needs by allowing instant access to the information needed. As illustrated in the previous example, SAP Business One allows the disparate departments in a business to be able to access the information they need, when they need it. This is done by providing a centralized hub of information that is updated and monitored in real time. By allowing such access, businesses can respond more quickly to the needs of the customer as well as be able to make business decisions with the most relevant information on hand.
It helps eliminate redundant data entry and errors that can cause inefficiencies, which in turn can result in unnecessary costs and delays. Many times a particular workflow of business operation can run into costly, time-consuming errors simply by working with incorrect information, caused by either the duplication, discontinuity, or redundancy of data. SAP Business One can eliminate those errors by ensuring that the information can only be accessed in one centralized source that’s also updated in real-time.
It helps form closer customer relationships by allowing outward-facing staff to quickly access the information they need to help said customers. One sure-fire way of forming a better relationship with your customer is to provide excellent and efficient customer service. To do that, outward-facing staff need quick and easy access to the relevant information they need to handle all of the customer’s queries and requests. Nothing upsets a customer more than waiting, after all. With the centralized information system that SAP Business One offers, your employees will be able to efficiently take care of your customers’ needs, thus raising customer experience quality through the roof.
It allows your employees to be able to take advantage of its usefulness with minimal training. SAP Business One is designed from the ground up to have the power and capabilities of its bigger, Enterprise-level brothers while also sporting an easy-to-use and easy-to-understand interface. Having it implemented in your IT infrastructure instead of other more complicated ERPs means that the majority of your employees will be able to use it without costly or time-consuming training.
Startups and SMBs need all the help they can to survive in this hyper-competitive world of world business economy. By utilizing ERP software of SAP Business One’s quality and caliber, they can refocus their efforts from dealing with the small details of business-running to the tasks and processes that are more crucial for business growth.