Most MSMEs work in a dynamic manner demanding an agile workforce, where the company faces several internal and external challenges. SAP Business One SME ERP in Madhya Pradesh can accommodate all these challenges with efficiency.
The company’s flexibility to respond to these challenges comes from characteristics such as lack of resources, stringent budgets, delay in responding to changing market situations and others that make MSMEs prone to failure. With visibility across departments and operations, these problems can be effectively solved.
Without an efficient enterprise resource planning system like SAP Business One SME ERP in Madhya Pradesh, even though your business leaders will find themselves pulled into multiple directions, all at the same time, the business may eventually prove ineffective and fail.
“According to the report published by Allied Market Research, the global ERP software market accounted for $35.81 billion in 2018 and is anticipated to reach $78.41 billion by 2026, growing at a CAGR of 10.2% during this duration.”
In this article, experts at VC ERP share why SAP Business One is the best SME ERP that can help grow your Small and Medium Business.
What makes SAP Business One the best ERP Software for SME Businesses?
SAP Business One Digital Core to Manage Business End-to-End
Phone calls and excel sheets can only do so much. Using an ERP like SAP Business One gives you end-to-end visibility of all the operations happening across departments. In addition, before making a commitment even your sales teams needs visibility into inventory and other departments. Similarly, other departments too need this information sharing back and forth.
When there is an information disconnect across departments, transactions can be inaccurate, commitments can be wrong and overall sales and reputation can be affected. In addition, reporting too is difficult.
SAP Business One is equipped with a powerful digital core offering all the core functionality needed to efficiently manage your business. In fact, it’s accounting and finance module can handle much more complexity than your excel sheets or regular accounting software ever can.Moreover, you get the flexibility to customize and select only the modules you need for managing your specific business needs. The digital core of SAP B1 includes these modules:
- Accounting & Financials
- Purchasing & Operations
- Inventory & Distribution
- Production & MRP
- Project & Resource Management
- Sales & Service
- Management & Administration
Hosting Flexibility On-Premise or On Cloud
SAP Business One is flexible in terms of hosting it either On Premise or On Cloud. You can deploy SAP Business One on-premise or on cloud using MS SQL or SAP HANA database.
Hosting SAP Business One on-premise for an SMB is a good option for additional data security and the option to integrate add-ons; however, in most cases small medium businesses prefer Cloud Hosting for SAP Business One.
When hosting SAP Business One On-Premise, the business accrues additional capital intensive costs such as time, money and space towards setting up, managing and maintaining internal server, not to forget additional employees to manage them.
However, there are certain advantages specific to business cases, where SAP Business One On-Premise can be useful.
End-to-End Security with Role-based Access & Internal Controls
Internal Controls are usually found to be hard to implement and very expensive to setup and practice, especially for SMEs. But, after the pandemic every business has felt a strong need to have strong internal controls.
In fact, internal controls features within SAP Business One significantly reduce the chances of human errors & potential business loss. In addition, it protects sensitive data, and brings process driven discipline across the company. This results in high accuracy of data reporting for the ultimate decision making for the Management / Stakeholders.
Moreover, implementing internal controls gives a fair chance to our external auditors to add genuine value more from a strategy perspective than from just a general audit perspective to our company.
Flexibility of using database – MS SQL or SAP HANA database
Depending on your specific business needs, you can choose to opt for MS SQL database or SAP HANA database for SAP Business One deployment.
In fact, both SAP HANA and MS SQL support all the core business features for SAP Business One. However, running SAP Business One on the SAP HANA database has its additional advantages that are not available for MS SQL database.
SQL uses disk technology and HANA uses in-memory computing technology which makes it much faster at processing than MS SQL
Moreover, if you are running SAP Business One on HANA Database you get access to unique features that are not available for MS SQL.
- Faster Processing times owing to In memory computing technology
- Pre-packaged with 50+ dashboards and KPIs
- Slice and dice your critical business data with excel-based interactive analysis
- Retrieve information quickly without opening multiple files with Enterprise Search functionality
- Forecast business trends with forecasting functions like cash flow forecast & inventory forecast
- Modern Cockpit UI/UX Interface for greater ease of use
Inbuilt Business Intelligence and Data Analytics
SAP Business One comes with inbuilt analytics and business intelligence features. You get to know what goes on in your company with the help of daily MIS reporting reflected on your SAP B1 Cockpit.
Moreover, your daily departmental data gets harnessed by inbuilt analytics and gets shared as insights. This data can be further shared across departments using accurate timely-updated custom dashboards.
At a later stage of business growth and exponential rise in data, you can explore this data using business intelligence software like Power BI that easily integrates with your SAP Business One ERP software.
SAP Business One Mobility including the SAP Business One web client and SAP Business One mobile apps allow role-based access to users to retrieve the information they need whenever needed.The web client, and native iOS and android SAP Business One mobile applications let you access your SAP Business One application in real-time. The mobility features allow you to:
- Create, edit, or view sales opportunities, sales quotations, and sales orders
- Create, edit, or view service request status and unresolved tickets
- Manage tasks, activities, and approvals – including processing service calls and warranties
- Manage sales leads together with customer and vendor data
- Monitor inventory and access detailed item data
- Access built-in, mobile-customized dash- boards and reports
Industry Specific Custom Deployment for SAP B1 SME ERP in Madhya Pradesh
SAP Business One offers additional flexibility for your business. It can be customized depending on the unique processes of your business meeting your industry standard benchmarks.
In fact, SAP B1 SME ERP software in Madhya Pradesh comes equipped with vast industry-specific features catering to the needs of a wide range of businesses. Regardless of your industry or domain, you will find industry-specific features and process tools designed for your use.
As an SAP Gold Partner with 21+ years of experience our industry reach includes:
- Chemical Industry
- Pharmaceutical and Life Sciences
- EPC (Engineering, Procurement & Construction)
- Machine Manufacturing
- Retail & FMCG
- Wholesale & Distribution
- Professional Services
- Textile & Garments
- Transport & Logistics
- Renewable Energy
- Wires and Cables
In fact, in our industry-specific experience we have witnessed SAP Business One carry a demonstrated turnaround and transformation for a variety of businesses including but not limited to SME manufacturing businesses in specialized industry domains.
Flexible Pricing and Licensing Models
SAP Business One offers flexibility in its license and pricing models so its easier for SMEs to maximize their returns on this long term investment. SAP Business One offers:
Upfront One Time LicenseThis is a perpetual license where all costs are paid upfront.
Licenses as Subscription
This pricing model is based on annual license renewals. In the subscription based model, you need to pay for the number of users that will be using the system on a monthly basis.
You can talk to SAP Business One Partner Madhya Pradesh for more information on this.
Use SAP Business One SME ERP in Madhya Pradesh for your Business
SAP Business One has been specially created for SME businesses keeping their growing needs, flexibility and scalability in mind. It has been built for on-premise as well as the cloud. Regardless of your industry, you get full customization with standard industry benchmarks as customizations.
In addition, internal governance controls and real-time insights lead you to optimize operational expenditure, supply chain costs while giving complete visibility across each aspect of your business.
Get in touch with expert SAP Business One consultants and advisors at VC ERP Consulting for free consultation to increase the profitability of your SME business. Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 915 6026 (North America) or drop an E-mail at email@example.com