New Study: Small and Medium Companies Who Start Simple Grow Faster

By diane harvey | November 11, 2015 | Business Software , SAP

New research  reveals the importance for small and midsize enterprises (SMEs) to grow faster and design their businesses to run simple from the beginning.

The announcement was made at the SAP SME Summit being held in New York City on Nov. 10, 2015.

Businesses add new software and processes as they grow in size. This introduces complexities into their business, that can create a series of dis-jointed solutions that can stiffle efficiency and growth. According to a survey conducted  of SMEs conducted by  [email protected] and SAP, 72 percent of business leaders and team members say business complexity has effected efforts to meet their  goals. Over 30 percent said it “strongly inhibited” that ability, and 58 percent pointed directly to technology complexity as the culprit.

While  companies see the need to leverage technology in the near future, only about half (49 percent) of senior leaders believe business simplification is of significant strategic importance today. That number jumps to 65 percent when asked if they believe it will be of significant strategic importance within the next three years. Looking ahead, 47 percent of respondents believe they will be using self-service tools when they are making decisions within the next three years, yet only 19 percent are currently using this kind of support.

“Business simplification is much more important to small and medium business than ever before,” said Rodolpho Cardenuto, president, Global Partner Operations, SAP. “The interconnected global economy has opened opportunities to small businesses that never existed before, but they come with new challenges as well. If these businesses think and plan from the beginning on how to run simple in the long run, they will grow faster and perform better.”

Small and midsize businesses need secure solutions that help them to start simple and stay simple with minimal risk or disruption to services. The path towards simplification requires a strategic plan that will get them to being digital, connected and able to grow their business. Running simple in the digital economy was identified as being more important the larger a business becomes. The earlier small and midsize businesses can design systems to help them stay simple, the faster they will grow.

To find out how Signum can help your business call 01244 676 900, or fill in the form below.

Back to news

Related Articles

Food business ERP on pc screen

Food business ERP system, do you need one?  The idea to purchase an Food business ERP system to dramatically improve the way your business works is not one that is usually thought up overnight.  Ideas of ways to improve processes or[...]

By diane harvey | April 14, 2014 | Archive , Business Software , ERP , Food and Beverage
Signum Solutions Blog, How can SAP Business One (SAP B1) help to improve your business?

As one of the UK’s leading SAP Business One partners, we are often asked; how can SAP Business One (SAP B1) improve my business? This question generally comes from companies who are looking to review or replace their current ERP or[...]

By Diane Harvey | June 11, 2021 | Business Software , ERP , SAP Business One
close up of computer memory

Firstly – what does In-Memory actually mean? Let's dive into in-memory. Starting with RAM (Random Access Memory), which is what enables you to store data on your computer system, then change it, delete it etc. The cost of RAM has fallen in[...]

By diane harvey | May 27, 2014 | HANA , SAP