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Importance of SAP Business One for fast-growing businesses

Importance of SAP Business One for fast-growing businesses

All companies want to find ways to leverage their growth in a healthy and organized way. However, few are able to maintain the standardization of their processes and rely on the appropriate technology to do so. That is why, in order to achieve this objective, managers have adopted SAP business one, a tool that offers functional and complete coverage.

SAP Business One is the most powerful ERP solution available for small, medium, and large-scale growing companies. That's because it allows an integrated view of the entire business — order to cash, procure to pay, CRM, SCM, Production, Projects, In-process Quality Management, MIS Dashboards — and easily adapts to meet the necessary changes in a company.

What is SAP Business One?

As its name says, SAP Business One is an ERP tool that integrates the main business processes of a company, providing administrators with a functional and broad view of the entire management. The system responds to the company's current needs while ensuring durability in guiding expansion projects.

This version of the management system has provided not only a greater gain in productivity in transactions but also much better assimilation, capable of facilitating the organization's adherence to the so-called digital transformation.

What makes the solution different?

SAP Business One on HANA offers a BI (Business Intelligence) solution far superior to previous models. To get an idea, for example, currently, the most used technique to build Business Intelligence requires extracting information from an ERP database to another database. From there, finally, management information can be extracted for decision-making.

With HANA, which is the SAP business one for the database, it is no longer necessary to do this extraction. Business Intelligence can work in real-time with real data, reducing the duration of the process and dealing with extremely up-to-date information.

Another differential of Business One is related to its mobility, which gives a much greater dynamic to the business — since it can be accessed at any point and location. While the previous version (R3/ECC) worked with processes in separate modules, the current version unifies them and provides optimization in the design of company processes.

This allows for greater dialogue with digital transformation, as it opens space for connections with blockchain, IoT (Internet of Things), and machine learning, among others. In short, SAP Business One on HANA is a significant transformation for the ERP context, turning into a paradigm-breaking reorganization.

ERP functionality integrated into SAP Business One. With it, your business can count on many benefits, such as:

  • best user experience available on the market;
  • automation of the main tasks of each sector;
  • agility in the execution of processes;
  • ease of decision-making – whether by employees or the board of directors;
  • digitization of financial processes;
  • increased supply chain visibility;
  • a greater understanding of purchasing and outsourcing needs;
  • greater control of operating and production costs ;
  • a complete view of operations;
  • The greater amount of customer information for marketing, sales, and service teams.

Understand the importance of SAP Business One for fast-growing businesses

The relevance of this tool takes global proportions. In addition to providing the most efficient business practices for 25 different industries with a short implementation period and a quick return on investment, SAP Business One is present in more than 90% of the world's largest companies.

Therefore, this solution brings experience from all large organizations, which is an indication that it follows the best practices that have been developed. Therefore, whoever acquires the facility also buys the best management practices of the largest companies in the world.

In addition, the tool meets practically all the processes of a business, covering from purchase and sale methodologies to production and financial sector methodologies.

SAP Business One and a Company's Finances

Speaking of finance, the directors of the area know that it is a reflection of all other parts of a company. So, an organization that has good practices ends up, consequently, having very adequate financial management.

As this is a highly complex sector, the impact on the fiscal side is also great. In this sense, with SAP Business All in One, finance has an integrated view of the entire business — being able to monitor everything that happens within the company in real-time.

With this identification, it is possible to analyze what can be streamlined, which processes can be improved, among other relevant improvements to the company's routines. In other words, the solution helps a lot both in the management of operations and in the management of strategies, since it provides the directors with extremely consistent information.

In short, each system is aimed at different audiences. While Business One caters to small and medium-sized companies, Business All in One covers medium and large-sized organizations in India and all over the world.

However, an important factor to be considered is the complexity of the business: there are small companies in India that, due to their peculiarities, have high complexity, which makes Business All in one the most appropriate solution. And vice versa.

Still, the Business One version has less functionality and less scalability. In the end, choosing the best solution for each company depends on the volume of users and their complexity.

There are many ERP systems on the market, but the great differential of SAP Business All in One is its credibility. As it is present in several companies and incorporates the best management practices, the solution has a lot to offer its fans.

In addition, the tool has gained a lot of coverage worldwide, precisely because it seeks to accompany the digital transformation, which is a phenomenon that has changed the borders and the expansion capacity of organizations.

Overview

SilverTouch Technologies is a company focused on SAP, Robotic Process Automation, Boyum Solution, System Integration & Cloud, Block-Chain, AI & ML, and Custom Development on different technologies & mobility etc. Current Practice and expertise of these technologies really give us an edge in terms of creating the right solutions to address clients’ business needs and enabling enterprise solutions to provide relevant information for business decision making for our clients & business partners.