August 8, 2022
10 Reasons Why SAP B1 Means Big Business For Small Businesses
A common misconception that floats around SAP Business One (also known as SAP B1) is that it is mainly used by large organizations owing to its costs of installation and maintenance. While SAP is a major global company, it’s not just the big guys that can benefit from it. Even small business owners can use SAP B1 to manage and scale their business more effectively.
In fact, SAP B1 is increasingly being adopted by small business enterprises in the contemporary era. It helps streamline data that is available in several departments into a single platform, makes information available, takes better decisions and enhances productivity.
Up until now, small and medium businesses have been relying on manual processes to handle their various day-to-day tasks. More often than not it would lead to a bunch of operational challenges that vary in large businesses, including human errors, leakage of confidential information and unnecessary chaos. This would mean the opposite of progressive. With complex business operations, managing cash flow, managing staff, dealing with government regulations and driving growth are some of the typical challenges that would keep every business owner awake at night.
We, at The Data Park, understand that when a business grows horizontally as well as vertically, its needs increase faster than the capabilities of the system. When this happens, it’s time to make an upgrade. But, that’s easier said than done. Therefore, mismanaged or fragmented software is not of much help. These various fragmented, disconnected software do not fully support the business operations and can prove to be a big mistake for the business. On the other hand, your business becomes so dependent on your software, that takes a long time to find a replacement. Meanwhile, you may lose customers and your company’s value can drop.
As a business owner, you need to put best-practice processes in place. Especially in this day and age, when everything is being automated, you need a solution that’s easy to implement and can integrate with your current system.
Before we talk about why SAP is good for small businesses, let’s get to know what exactly it is and what it does.
What is SAP Business One all about?
SAP (originally System Analysis Program Development) is a German multinational enterprise that makes the largest enterprise resource planning (ERP) software on the planet. SAP solutions are adopted by almost half a million businesses worldwide. These end-to-end SAP solutions enable streamlining, standardization, transparency, growth, and profitability in different industries.
SAP B1 is an ERP software platform specifically intended for small and medium businesses to minimize their wastage, increase their profit margins, automate business functions & keep track of every penny. In short, it helps manage the entire small business operations – from accounting and financials, purchasing, inventory, sales and customer relationships to reporting and analytics. This solution is trusted by large businesses that deal with thousands of moving parts. However, it’s equally beneficial for SMEs that aim to scale faster through more efficient systems and responses.
From financials and sales to inventory and relationship management, all key business areas can be integrated to provide clear visibility into your entire business. By capturing data into a single centralized location, business owners can access critical information in real-time and make fast, informed decisions.
Intrigued? Let’s understand how SAP Business One can give your small business access to enterprise-grade resources at a small business cost. Here are some phenomenal ways that SAP Business One can bring to your business, especially if you are ready to scale up.
1. Big management at a small price
As businesses grow they outgrow their software systems and their operational requirements get just as complex. SAP Business One provides business intelligence and analytics, without a hefty price tag. It helps small businesses streamline data into a dedicated software application, that can help save money on individual software and management systems that were being paid for in each department.
Sap B1 is designed to be rapidly implemented, easily supported, and quickly configured to your business workflow & processes.
2. Higher visibility. Faster transactions.
Dealing with different data across ten different spreadsheets? When you are ready to elevate your business to the next level, making informed, financially-sound decisions becomes even more important. And this can be difficult if you don’t have the complete picture, and your business data is all spread across dated programs and spreadsheets
You can speed up the pace of transactions and improve your cash flow by connecting your financial operations in real time with other key processes like inventory management, purchasing and sales. Moreover, the solution lets you customize the visibility of sensitive data and decide which employees will have access to them. So not everyone in your business needs to know your business.
3. Improve supply chain management
With its specially designed integrated supply chain management capabilities, Sap B1 can simplify the entire supply chain process from beginning to end. It collects all your data, processes it and creates the best plan to manage your PO, receipts, invoices, returns, and payments. Optimize your buying with simple dashboard reporting and match goods receipts with inventory warehouse levels in real time. The solution gives you more visibility and control over the Order-to-Pay cycle and optimizes your buying in real time. From a single vendor to an entire supply chain, manage everything as per your business requirements.
4. Optimize time-to-value
With SAP B1, be up and running within 2-8 weeks with a single application. The intuitive user experience reduces the user training and minimizes the cost of IT support. It immediately gives you best practice systems no matter what industry you are in.
5. Better customer service
For a business owner, you understand the importance of customer service. You also know that a happy customer is a returning customer. The key to providing excellent service to your customers is to have everything you need in one place. SAP B1, compiles all your customer information in one place and tracks progress. This makes it easy for you to keep tabs on your customers and to know when they are due for an upgrade or when they are ready to be marketed to. It eliminates the need for searching through endless spreadsheets or incomplete pieces of paper.
6. Improve decision making
It is no secret that data has become the most important factor in decision making. But even with all the data available, it can be difficult to use data to make a better decision. SAP B1 is an effective way to gain a deeper understanding of the data. It provides a short, easily digestible summary of the most important data. In addition, it helps you create and customize the reports that are important to you, and can support a more agile approach to decision making.
7. Better collaboration
With a single, central nervous system, you can make sure all machines are properly synchronized while the employees share and utilize data more productively. SAP B1 is also known for improving communication and collaboration since employees get the visibility of the other departments, with which they can guide their own decisions. It proves to be an asset because it can shine a light on every corner of your business operations. By gaining a clear overview of your business, you can see exactly where and how you can make things better. For sure, such kinds of insights are invaluable.
8. Mobility
With SAP Business One mobile apps, you can run your business from anywhere, any time. Access your information in real-time, no matter where you are, and make better decisions faster.
9. Integrated functionality
Integration is a crucial part of any business. Without it, you’re missing out on business and are at risk of failing. Even if you’re a small business, you can still benefit from integrating. Deploying Sap B1 is not just quick but it can also seamlessly integrate your core business functions across entire company. It helps fulfill specialized needs with add-on solutions.
You can accelerate your business growth by getting visibility across all your business processes, streamlining your end-to-end operations, and gaining access to accurate information for efficient decision making.
10. Increase Agility
When it comes to affordability, flexibility, and scalability along with rapid turnaround times, none can match the SAP B1 solution. It is trusted by more than 250,000 SMEs to streamline their business functions and enable organization-wide agility to meet their desired goals.
The bottom line
SAP Business One has the functionality to help you transform your business by leveraging information to maximize efficiency, reach new customers and drive profitable growth. With SAP Business One Cloud, all your valuable information is safe and secure allowing you to spend more time running your business and less on internal IT costs. Highly suitable for small, SAP B1 has more than a million users is a testament to its success as the preferred solution for small businesses.
So, if you are also tired with managing your business through manual processes and wish to take the business to the next level, start by focusing on the key problem areas in order to get the solution. Adopting SAP B1 will have various positive impact on your business. One of them would be moving away from the old manual methods, which can help you save time, money, and bring your business to the next level.
Want to know if SAP Business One is right for your small business?
To know more, reach out to us via phone at +968 2417 1111 | +968 24171195 or email support@omandatapark.com |sales@omandatapark.com
