Are you considering investing in an ERP like SAP Business One? It is definitely not something that you decide on whim, considering the initial investment and time it takes to implement. But would it be worthwhile? We believe so.
SAP Business One has multiple benefits for businesses of all sizes and across the spectrum of industries. Whether you want to unify the departments of your business by centralizing data or what better management of inventory, warehouses, or resources, SAP Business One will have your back.
We’re going to take a look at the business benefits of SAP Business One so you can make the most informed decision.
What is an ERP?
ERP is short for enterprise resource planning. It is an expansive management system that can streamline all business processes. The SAP ERP is a collection of applications and systems that assist organizations with collecting data and centralizing it between all departments and locations. This can include administrative tasks, finances, manufacturing and production, shipping and handling, inventory and warehouse management, and much more.
Why is an ERP Important For Your Business?
Running a business can be chaotic when everything you have to monitor and control and strategize is separated. An ERP makes business administration less of a challenge by unifying the data collected by various programs or business departments and centralizing it all in one place. Not only does this accelerate the speed at which you get information, but it shows you how everything interconnects, what has to change, and which decisions are most beneficial.
Furthermore, an ERP like SAP B1 can manage many tasks on its own, such as data entry. If you want to increase productivity, then you are going to need SAP Business One and all its benefits.
The Benefits of SAP Business One
Implementing SAP Business One will get you the positive results you have been looking for, but if you’re not entirely sure yet, here are several benefits of the SAP ERP.
1. Improved Cost-Efficiency
You’re always on the lookout for a way to cut costs and increase profits. What if you could increase the cost-efficiency of your business by swapping over to SAP Business One? The SAP ERP system can reduce the operation and administration costs by collecting real-time data, reducing redundancies, and streamlining financial information. You can use the information to prevent disturbances, such as low inventory or shipping delays.
2. Better Collaboration Throughout Business
The key to survival for any business is collaboration with every department. Should one fall out of sync, the effects can be devastating. Of course, collaboration also requires that departments trust one another and that a significant amount of effort has been made from every party.
You can foster this collaboration with more interconnected data and software. SAP Business One gives you the ability to send data to any department at any time, meaning that every employee can access the same degree of information, if desired. This allows employees to engage with one another with more knowledge and to be more proactive.
3. Enhanced Data Management
This is possibly the one benefit that you can’t do without. Data management is crucial to a solid organization. SAP gathers data from every integrated program, processes, and displays it all in one place. This data can be accessed easily by multiple departments, keeping everyone in the loop. If you plan on using a CRM application down the road, integration into the SAP system is simple, and all of your customers’ information will be safely stored in a centralized location.
4. Improved Data Security
Did you know that SAP Business One can protect sensitive information? The ERP system comes with advanced technologies, including built-in security, firewalls, and more. You can also allocate which data is available to a single person or an entire department. Moreover, the database provides secured backups of all critical or sensitive data.
5. Scalability
SAP Business One is often thought of as a solution for large enterprises, but it was truly designed for small to medium-sized businesses (SMBs). Whether you just made a startup company or are ever expanding towards the billion-dollar revenue goal, you can use SAP B1. The ERP can support growth in all directions. SAP has been designed to look at business requirements and provide you with data that helps you plan ahead. Furthermore, you can scale the system to suit your needs whenever you want. Start with the basic implementation and as you get bigger, SAP Business One expands to manage more employees, more inventory, more equipment, and more data.
6. Faster Forecasting and Analysis
Do you still have people doing data entry? Finding that their work isn’t always the most accurate?
SAP Business One minimizes the risk of such errors by slashing the need for duplicated data entry. Rather, the system has real-time reporting and can provide in-depth performance reports and risk assessments. You can see what is happening within the business or warehouse right as it unfolds, so you—and your customers—are never in the dark.
7. Customizable
In the same way SAP Business One scales, it’s customizable. Tailor the system to the unique demands of your business. ERP systems are designed to be flexible enough that every employee can use it to make their job easier. Since the program is adaptive, there are functions or modules available with features specific to every department your business could have. For example, distribution and sales have a module that is different from inventory management or finances.
8. Customer Service
Smoother workflow and more productivity? Your employees aren’t going to be the only ones who enjoy the benefits of SAP Business One. Your customers will notice a difference, too. Since client data is centralized, the sales team will have instant access to necessary information when dealing with customer requests or questions.
You can also track customer data from eCommerce sites through SAP Business One. Your marketing team can use the analytics for better insight on how to target the right demographics, as well.
Ready to Implement an SAP ERP System?
Have you decided to implement SAP Business One for your organization? If so, it’s time to take the steps towards getting started. The first step is getting employees excited for it to boost user adoption. WiSys can help facilitate this process by making implementation smoother and more straightforward. We also provide solutions to assist with warehouse management. Give us a call today to learn more.