From local customer relationship management (CRM) software, full-integration enterprise resource planning (ERP) solutions to your traditional book ledger, every company uses some form of system to manage their businesses. However, mention ‘ERP solutions’, or SAP Business One, to any business owner and the first thought that comes to mind is that it is too expensive and only meant for the multinational corporations (MNC). This is a misconception!
This article will touch on how SAP Business One, one of the best ERP solution in the market, is capable of full-integration can help small and medium-sized enterprises (SME) to grow and why business owners should consider adopting this ERP system.
SAP Business One was introduced by SAP SE to SMEs to serve as a functional and affordable version of its MNC-counterpart, SAP S/4 Hana. This powerful software offers a comprehensive range of features and benefits specifically designed for budding SMEs. Here are 5 key reasons why SMEs should consider adopting SAP Business One.
1. Streamlined Business Processes
SAP Business One provides SMEs with a robust platform for streamlining their business processes. With this software, businesses can automate their core business processes such as accounting, purchasing, inventory management, and sales. This helps SMEs to reduce manual errors, improve accuracy, and optimize their operations.
2. Integration with E-Commerce Platforms
SAP Business One offers seamless integration with leading e-commerce platforms like Magento, Lazada, Shopee, and WooCommerce. This means that SMEs can manage their online sales channels more efficiently, reduce the time and resources needed for order processing, and provide their customers with an improved shopping experience.
3. Highly Scalable and Customizable
SAP Business One is designed to be highly scalable and customizable to meet the unique requirements of different SMEs. The software allows businesses to add new features and functionalities as their business grows, ensuring that the software keeps pace with their evolving needs.
4. Improved Decision-Making
SAP Business One provides SMEs with real-time insights into their business operations, enabling them to make more informed decisions. The software provides detailed reports and analytics on all aspects of the business, including sales, inventory, financials, and more.
5. Enhanced Customer Experience
With SAP Business One, SMEs can improve their customer experience by providing a more efficient and personalized service. The software enables businesses to store and manage customer data, track customer interactions, and provide customers with accurate and up-to-date information about their orders, deliveries, and payments.
Access to Grants and Credits
But there is still the issue of cost for such a comprehensive software. Fortunately, there are government grants that SMEs can take advantage of to offset the cost of acquiring these software.
For example, SMEs can claim grants of up to $30,000 (70% capped) through the Productivity Solutions Grant (PSG) and up to $10,000 (90% capped) with the one-off Skills Future Enterprise Credit (SFEC). These grants will either be applied directly on your behalf by your chosen software vendor, or automatically applied.
In conclusion, SMEs looking to optimize their business processes, reduce costs, and improve their bottom line should consider adopting SAP Business One for their businesses. With the various government grants available, acquiring an ERP system has never been more affordable.
SAP Business One is an essential tool for any budding business that will help SMEs stay ahead of the curve in today’s competitive business landscape. Its comprehensive range of features, scalability, and customizable, as well as its integration with e-commerce platforms and real-time reporting, cements the powerful software as an essential tool for any growing business.
How MPS Solutions Can Help Your Business
MPS Solutions is an IMDA Pre-Approved Vendor for SAP Business One under the Productivity Solutions Grant (PSG) by Enterprise Singapore. We are also a Certified SAP Business One Partner. With extensive domain expertise in various industries, MPS Solutions provides expert implementation, training and support to our clients. This ensures that every business we work with can make the most out of SAP Business One.
To learn more about how we can help transform your business, contact us for a demo today:
Phone: +65 6846 9109