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SO, WHAT EXACTLY CAN AN ERP CAN DO FOR YOUR BUSINESS?

  In our second blog in the series about Enterprise Resource Planning (ERP) software, we look at practical examples of what an ERP system can do for your business. Have you always wondered how an ERP system can affect your bottom line? Have a look at some the advantages below and let us know what you think.   If you haven’t yet read the first blog in this series, you can read it here. Ultimately, an ERP system streamlines the functions within your business, making it more efficient and productive. It’s as simple as that. Here are some of reasons why we say this, and why you should consider implementing it for your business. An ERP is a customisable business system Today, there are a multitude of ERP solutions that are built specifically for certain industries, like manufacturing, distribution, abattoirs and engineering, that focus on enhancing and improving core functionalities and processes. This means that you can run each part of your business effectively, whilst having all your data in one place. As industries have become more specialised, industry-tailored systems have been developed that are built on industry best practices that fit your business needs and ensures that your operation runs optimally. Complete operational oversight Implementing the correct ERP system in your business enables you to view the information that you need to make strategic business decisions at the click of a button. Data, reports, financials, and operational progress reports can be easily drawn up in real-time. Having complete insight into each department means that you can pick up red-flags before they become major problems, as well as identify... read more

How to: Change your VAT to 15% for the 1st April

SAP has the functionality to cater for VAT changes during financial periods, as certain regions of the world require different VAT rates at different times of the year. Therefore, this process is seamless in Business One. The below information will show you how to set your system up so that on the 1st of April you will automatically be charging 15% VAT instead of the present 14%. All reports SAP standard VAT reports will automatically convert to the new rate. Step 1: The first step is to re-configure the tax groups. This will let the system know of the new VAT amount and the date of the change. Menu Path > Administration > Setup > Financials > Tax > Tax Groups You should be at this screen displaying the VAT codes that your company uses. You will only need to change the VAT codes where the Rate% is 14% Step 2: The second step is to change the Vat%. Select the line that you would like to change and click on Tax definition.                   The Tax Definition screen will come up for that particular Tax Code Step 3: Go to the SECOND line of the Setup screen and enter the date of 01/04/2018 in the “Effective From” Column. On the same line select 15 in the “Rate” Column You should now have 2 lines on the setup, oneat14 andoneat15 Click on “Update” on the setup screen and “Update” again on Tax Groups screen ***NB*** The new Tax rate of 15% will only take effect on the 1st of April 2018. All... read more

SO, WHAT EXACTLY IS AN ERP AND WHY SHOULD YOU CARE?

You’ve heard the term ERP being thrown around boardrooms, in almost every article on business management and even in casual water-cooler chatter; but what exactly is ERP and should you care? Let’s break it down: Definition of ERP ERP is an abbreviation that stands for Enterprise Resource Planning. There are many variations of its definition, but this is its simplest form: Think about all the core processes that you need in order to effectively run an SME; finance, HR, manufacturing, supply chain, inventory, services, procurement, CRM, and more. At its most basic level, ERP integrates all these processes into a single system, meaning that your job is simplified, streamlined and accurate. Sounds fantastic, right? What does ERP give you? ERP systems give you the greatest overall visibility and control over your business, your processes and your operations. They provide visibility, analytics, and efficiency across every aspect of your business. Using the latest technologies, ERP systems facilitate the flow of real-time information across departments. This means you can make accurate, data-driven decisions and manage performance – all in real time! Why SAP Business One for your ERP of choice? SAP Business One is a leading ERP solution within the South African small-to-medium enterprise market. Built from the ground up from technology giant, SAP, SMEs now have large enterprise functionality tailored to small business needs and budgets. SAP Business One utilises some of the latest IT technology available – such as in-memory computing, Big Data analytics, cloud, enterprise mobility, and the Internet of Things (IoT) – to help our customers run real-time, digital businesses. SAP Business One integrates all your key operational, financial and... read more