SAP Business One is a perfect business management solution for small businesses. It is designed for small businesses that cannot afford expensive ERP solutions. It helps manage the business by integrating all the business process across all the departments.
There are several ways a SAP Business One can be of help for your small business. The major ones are discussed below.
Support for all the core functional areas
The best aspect of SAP Business One is that it supports all the core functional areas of your business. These include:
- Finance and accounting
- Customer relationship management
- Inventory and distribution
- Purchase and operation
- Reporting and analysis
What does this mean for your business?
Well, it means these six areas will be streamlined and will be handled by the software. More precisely, you don’t have to take the pain for managing sales and inventory. It will be handled by the software.
Similarly, analysing all the customer data, sales, and financial statements is no more a task. The SAP Business One will do it automatically instead, it generates reports and charts that help with decision-making.
Improves operational efficiency
Manual record-keeping is the thing of the past. SAP Business One will take your business’s operational efficiency to a whole new level.
It reduces all the manual work that your teams have to do. For instance, customer data maintenance, order processing information, journal entries, etc. are all done on autopilot.
It is more than automation.
The SAP Business One improves the efficiency of daily routine tasks to a significant extent by reducing the probability of errors since there is minimal work involved. Besides, it is a single touchpoint solution which means you just have to input the details once in the system and that’s all.
For example, in the case of a new customer order, the order number will be assigned automatically, inventory will be adjusted, a customer account will be created, financial accounts will be updated, the order will be processed, and cash flow statement will be updated.
This is achieved without any errors whatsoever.
At the end of the day, this makes your business efficient and proactive.
Helps with financial management and decision-making
Analysing data and making it useful for the business is one of the biggest challenges that small businesses face. They don’t have the resources and the expertise to make sense of the data analysis.
Thanks to SAP Business One for it makes data analytics a piece of cake.
Think of all the data that it deals with every single day. Since your complete business is run and managed by the SAP Business One, therefore, it has a wealth of data about pretty much everything ranging from sales to customers to stakeholders to financial statements to inventory and more.
It makes the best use of it by analysing and reporting everything in real-time.
It sends alerts for instant decision-making, it generates meaningful reports and charts that management can use to improve operations, and it helps in finding and addressing weaknesses.
Importantly, all the reporting is done without a professional. You don’t have to hire a data analytic expert to generate reports instead it is a default feature of SAP Business One.
For instance, conducting what-if analysis and then generating a visual report in the form of an infographic can be done with a few clicks. No need to seek help from a data analytics expert or a designer.
Customizable and flexible
SAP Business One is flexible in the sense that it can be customised easily. You can use customization tools to make it work smoothly for your business. It can be customised at individual user level.
For instance, if you need to create fields, change the layout, create recurring invoices, and hide a few mandatory fields, you can do so easily.
Should you wish to give a limited access to some of your employees with a few fields and basic layout, you can do so while rest of the employees can enjoy full access to the system.
This advanced flexibility helps in improving productivity and making your business employee-friendly. They don’t need any training to get started with it. Simply don’t allow them access to full software to minimise complications.
Not to mention, it works for every industry without any exception whether you’re in manufacturing, construction, or retail industry.
These were just a few ways how SAP Business One can help your business. Once you’re on board, you’ll see a whole bunch of opportunities and features that will help you take your business to the next level.
Your new business is just a few steps away.