Keeping your small business competitive with a big business advantage
To thrive in today’s global economy, small businesses must incorporate some of the advantages formerly available only to larger firms. The most important of these advantages is anytime-anywhere access to real-time business data. With current data at their fingertips, company managers can view, analyse, and manage day-to-day business processes and respond quickly to ever-changing customer demands and market conditions.
Data visibility leads to greater efficiency, better-informed decisions, and improved responsiveness. Responsiveness, in turn, leads to satisfied customers and business partners, new and unexpected opportunities, and increased sales and market share. By improving their data visibility and responding quickly to change, small businesses gain a significant competitive advantage.
Today there is new and affordable technology that enables small businesses to access current data from any location, respond quickly to change, and thrive in a volatile business environment. A good example of this technology is the SAP Business One application.
Visibility – from data comes insight
The term “data visibility” refers to your ability to see real-time business data that comes from multiple departments or locations. The data you access gives you an overview of your company’s operations and provides insight into conditions, relationships, and trends that are not otherwise apparent.
Many companies – yours may be one – have multiple records for a single customer. One record may reside in sales, another in accounting, perhaps a third in customer service. That means multiple sets of data must be reconciled to obtain a single, consistent view of each customer. But multiple sets of data can lead to errors or inconsistencies, which can degrade customer service. In addition, maintaining multiple systems is expensive.
With the integrated and accurate view of your customers and business processes given to you through SAP Business One, you can deploy your limited resources effectively to maximise profit potential and minimise inefficiencies.
Responsiveness – doing the right thing, right now
Agility is becoming increasingly important. The ability to respond quickly, even proactively, is becoming evermore critical as the pace of global business increases. In this respect, small businesses often have the advantage; they can be more agile than larger companies – if they have easy access to accurate business process information. Fast access to real-time data enhances your company’s ability to see change coming, understand its complications, and take appropriate action.
Technology – implementing the right software
There are now software applications, such as SAP Business One, available than can help small businesses improve data visibility so they can respond quickly to changing conditions. These applications integrate what might currently be separate accounting packages or databases. They provide accurate and timely data, readily accessible through a single, intuitive interface. Integration enables operational efficiencies such as smoother procurement and reduction of transcription and input errors.
These new software applications can even facilitate regulatory and contract compliance – an increasingly crucial issue for small businesses – by automatically tracking when required actions occur. Today business management applications are not just for large enterprises; they are becoming crucial for small companies that want to compete globally.
SAP Business One helps small companies make better strategic and tactical decision faster by automating business processes and delivering and accurate, unified view of critical information across areas such as sales, finance, purchasing, warehouse management, and manufacturing.
SAP Business One is an integrated, affordable, easy-to-use business management software solution that offers more than just accounting and is designed specifically for small and midsize businesses (SME’s). It enables you to manage by exception and focus on growing your business with up to date business insights and intelligence so you can better service your customers and be a more profitable business.
Bluekey specialises in making SME’s best-run businesses through the sales, implementation, and support of SAP Business One throughout Africa. Bluekey is headquartered in Johannesburg and has branches in Cape Town, Durban, Nairobi and Dar es Salaam. Bluekey is Africa’s largest SAP Business One provider, a SAP-certified Gold Partner and SAP Africa Partner of the year for SAP Business One since 2005, and SAP EMEA Pinnacle Award winner.
For more information contact:
021 685 7000