Business benefits and the achievements of goals can be tough
Implementing new IT can be a daunting task prospect for some businesses. They are worried that it will interrupt their everyday activities, take time to deploy and that staff will need time to get used to it. Similarly, when we talk to small to mid-sized enterprises (SMEs) about SAP software, they are often under the misapprehension that SAP software is too complex for a business of their size. They know it can help them, but they have always assumed that it is build for the larger business.
However, this complexity is a myth that vanishes when you start to look at the hard facts that are visible everywhere. The businesses that we speak to are predominantly SMEs. They are looking for software that is easy to run, implement and use, and they want to see real-life examples as proof. They want to see organisations like theirs that have been there and done it. Thankfully for us, SAP has more than 88, 000 SMEs that have been there and done it. They have got the figures to prove that is does not take long to deploy the software and see a return on their investment.
“We have improved our cash flow by improving collections by more than 30%. This was achievable through alerts of invoices due in 15 days, allowing us to plan follow-up calls well in advance. We also achieved our return on investment (ROI) after 12 months, mostly due to the increased conversion rate of sales quotations and increased business insight.” Sunil Bhatt, Director, Majestic Printing Works.
In the last few years, the number of SMEs implementing SAP software has tripled. That is partly down to the fact that it is software that is easy to use and implement, but also because it delivers all the benefits that SMEs are led to believe are just for the big boys. It is not long before they have automated previously manual processes, gained transparency into their business and generated significant cost savings and increased profitability. SAP software also provides smaller businesses with the opportunity for their software to grow with them and not have to re-look their business management solution as they become larger and more competitive.
SAP Business One is an affordable and easy-to-use business management software solution designed specifically for small and midsize businesses (SME’s). It enables you to manage your critical business functions in a single integrated business management system. With SAP Business One, you can instantly access complete and up-to-the-minute business information, so you can respond to customers faster and grow your business more profitably.
“We wanted a system that would enable consistency and standardisation in terms of processes and reporting, and provide better management controls across the business. We also wanted to improve access to, and quality of, information; increase the accuracy of sales forecasting; firm up stock management and reduce inventory holding. Multiple currency capability was another important prerequisite of the system. Our subsidiaries report to head office in their functional currency, usually USD, while in-country reporting is in local currency. Very few solutions are able to handle dual currency reporting well. Although many vendors advertise that they can.” Rafael Fernandes, Group Financial Director at AEL.