Although Enterprise Resource Planning (ERP) systems have been around for quite some time, there is still a common misconception that they’re one and the same as accounting systems. And, there are still companies which believe that if the accounts are in order, there’s no requirement for Enterprise Resource Planning (ERP).
SAP Business One ERP integrates your key operational and customer-centric divisions, from production through to sales and service, enabling them to operate more efficiently. In fact, SAP Business One Enterprise Resource Planning (ERP) is so effective in planning, integrating and controlling the business that good accounting is just one of the by-products of ERP.
SAP Business One ERP efficiently deals with business challenges in the following areas:
- Ensure that your employees can readily access the critical data, applications, and analytical tools they need to perform all their job functions efficiently and effectively with SAP Business One
- SAP Business One Financials – Ensure compliance across different regions and localisations, and predictability of business performance – so your organization can gain a deeper financial insight across the enterprise and tighten controls
- Operations – SAP Business One ERP allows you to manage end-to-end procurement and logistics business processes for complete business cycles optimizing the flow of materials
- Performance management – Support the entire life cycle of performance management, delivering real-time, personalized measurements and metrics to improve business insight and decision making
Key characteristics of SAP Business One ERP include the following:
- Integrated – all core function are integrated in a single system
- Real-time – information is up-to-date with no batch processing
- Single database – data should be stored in a single database, eliminating data duplication and multiple data definitions
- Consistent ‘look-and-feel’ – systems should be intuitive, easy-to-use, and consistent across all areas
- Process oriented – a modern ERP system like SAP Business One is configured around business processes (example: Order to Cash) rather than functionally; each stage of the process is monitored for exceptions – based on business rules – and feeds into the next
Configuring an ERP system is largely a matter of balancing the way you want the system to work with the way the system lets you work. By configuring the system appropriately you can achieve the best possible fit to your company’s processes. However, you should always consider the advantages in changing your processes to match the ‘best-practices’ inherent in the system.
ERP implementations are complex, and should be properly planned and staffed for timely completion. The benefits, though, of a successful SAP Business One ERP implementation are huge, and are manifest in long-term business improvement and growth.
SAP Business One Enterprise Resource Planning (ERP) Benefits
- Improve alignment of strategies and operations
- Improve productivity
- Reduce costs
- Increased flexibility
- Support changing industry requirements
- Improve financial management
- Enhance corporate governance
- Gain insight to all areas of business
- Optimize IT spending