7 Reasons Why SAP Business One Means Big Business For Small Business
Is SAP only for large businesses?
The common misconception in the market is that SAP only provides software to large corporations. This couldn’t be further from the truth!
In the article, we are going to explain how SAP Business One (SAP’s small and mid-market ERP offering) can give your small business access to enterprise-grade resources at a small business cost.
Managing cash flow, hiring and managing staff, dealing with government regulations and driving growth. These are the typical challenges that keep every small business owner awake at night.
The latest Xero Small Business Insights Report stated that the 2017 financial year was a positive one for small businesses, but the sector still faces operational challenges distinct from large businesses.
While SAP is a major global company, it’s not just the big guys that can benefit. If you’re a business owner with a turnover of $ 4 million or more, SAP Business One can help you manage and scale your business more effectively by bringing together your production, inventory, purchasing, financials, sales, reporting and HR systems together into a single platform.
7 real-life benefits SAP Business One can bring to small businesses
Here are seven ways that SAP Business One can have a positive impact on your business, particularly if you’re ready to start scaling up.
1. Big solution for a small price
Many small businesses have operational requirements which are just as complex as larger organisations. The great thing about SAP Business One is you can access the same kind of Enterprise Resource Planning (ERP) system multinationals use, without the hefty price tag. SAP provides the same kinds of tools – business intelligence and analytics, sales forecasting and management, and customer relationship management – in one integrated solution.
2. Greater financial visibility
Dealing with different data across ten different spreadsheets? By connecting your financial operations in real-time with other key processes in your business – like inventory management, purchasing and sales – you can speed up the pace of transactions and improve your cash flow.
SAP Business One makes it possible to select which employees have access to sensitive data such as salaries and expenditures. So not everyone in your business needs to know your business.
3. Improve supply chain management
Managing vendor quotes, supplies, and payments is a juggle for any small business. SAP Business One gives you more visibility and control over the order-to-pay cycle and provides a better way to manage your PO, receipts, invoices, returns, and payments. Optimise your buying with simple dashboard reporting and match goods receipts with inventory warehouse levels in real time.
[FEATURED ARTICLE – 6 Inventory Management Hacks Made Possible By SAP Business One]
4. Better anticipate customer needs
Bring your sales and customer relationship management functions closer together. Track progress from the start of the deal to the end of the deal and improve your pipeline accuracy. Once your prospect becomes a customer, you can manage all of your customer relationship and marketing activity through a single platform. Having all your data in one place enables you to build more effective servicing and communication programs.
5. Industry best implementation
SAP Business One immediately gives you best practice systems no matter what industry you’re in. The solution can be customised for your wholesale, manufacturing, construction or distribution business, to name a few. And it’s fairly quick to implement compared to other solutions on the market.
6. Improve decision making
Create and customise all the reports you need to give you greater confidence in your decision-making. You can configure the settings and report on the data that’s important to you and can support a more agile approach to decision-making.
7. Easy-to-access training
SAP has invested in plenty of online training and user help so you can easily get your team and new staffers up to speed. At Leverage Technologies, we also offer you free training extras like review workshops and webinars.
Case Study
As a major importer and wholesale distributor of dental and medical products, W9 distributes its extensive range of products Australia-wide to customers including dental and medical distributors, government clinics health funds and universities. To streamline its inventory and operations and introduce a scalable platform to support growth W9 adopted the SAP Business One application with the help of Leverage Technologies, an SAP Gold Partner.
Conclusion
SAP Business One gives you access to enhanced visibility and better decision-making at a small business’s cost.
At Leverage Technologies, we have implemented SAP Business One for more than 150 Australian businesses of many industries and sizes.
Want to know if SAP Business One is right for your small business? Call us on 1300 045 046 or email info@leveragetech.com.au to speak to one of our friendly consultants in Sydney, Melbourne or Brisbane.
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