Why digital technology is important for businesses?

Digital transformation is the integration of digital technology into all areas of your business, fundamentally changing how you operate and deliver value to customers.

It’s also a cultural change that requires organizations to continually challenge the status quo, experiment using new technologies, and get comfortable with failure.

Digital transformation brings together people, data, and processes to create value for customers and employees and more effectively compete in an ever-changing digital economy.

Digital Transformation is crucial for the growth of your company.

Digital Transformation is essential for the growth of your company. Why is that?

  • It gives you a competitive edge over other companies that are trailing behind in modern technology.
  • It helps you save money because it helps improve efficiency and increase productivity. Analytics can help to spot opportunities for optimization and automation, leading to reduced costs across the board.
  • It creates more value for your customers, helping them get better services from enhanced data processing power and reduced downtime from IT issues. Your customer-facing teams will also be able to use data to personalize the experience for your customers, making them more likely to stay loyal and recommend you to others.

The most important of all is Customer experience.

A digital transformation strategy is not an option but a must for any business to be successful in the long run. The most important of all is customer experience.

Customer experience has now become the key differentiator. It means the customer’s perceptions and feelings about your business when interacting with your brand, products, or services.

Today’s customers expect more from businesses; more personalised services, more convenience, more value for money; thereby building better relationships and loyalty to their brands. This demands businesses to transform themselves digitally in order to deliver customer experiences that meet or even beat those of their competitors.

The customer journey begins way before they are even customers of yours and goes on after they cease being your customers. This customer journey is what customer experience is all about.

Keeping up with digital transformation is absolutely necessary if a business wants to stay competitive in today’s market.

Digital transformation is the process of adopting digital technology to transform services or businesses, through replacing non-digital or manual processes with digital processes or replacing older digital technology with newer digital technology. This will help you get an idea about why digital transformation is important for businesses and what all it includes.

There are many benefits, like improved customer experience and business agility to name a few, when we go for any new technological solution in our business.

However, there are some challenges that need to be addressed while implementing the new solution.

  1. Technology Dependency:

Digital transformation is not just about implementing a new IT solution. It is more than that.

Any business must have a clear understanding of the technology requirements of its employees before they implement a new solution. It is important for any company to know if they have the right infrastructure and resources to support the technology requirements of its employees.

Digital technology can be a blessing, but it can also be a curse. Organizations have to understand that their business depends on technology, which means that even a small mistake can cost them a lot of money and reputation in the market.

  1. Productivity Loss and Training Issues:

Implementing digital solutions in an organization may cause productivity loss because all employees will have to go through training for using the new system or software application. Also, it may take some time for them to become comfortable with the system and perform tasks efficiently. This can be problematic for businesses as productivity loss can affect their revenue generation activities directly.

  1. Security Threats:

Digital transformation involves implementation of newer IT solutions, which means that there could be security threats too. Hackers are smarter these days, and they can hack into your network anytime if you don’t have an updated antivirus installed on your computer systems or strong passwords

Many companies miss out security risks when implementing a new solution because of lack of awareness and experience in this field. So, it is wise to have an experienced team when implementing any new solutions in your organization.

  1. Compatibility Issues:

You need to ensure that the new application that you are planning to implement is compatible with your current infrastructure and legacy systems.

You cannot always afford to change your existing infrastructure and legacy systems, especially if they are working fine. Hence, you will have to select solutions that can seamlessly integrate with your existing system without causing any issue or disruption in crucial work processes.

The new solutions should also be aligned with your project goals so that its implementation does not cause any disruption in achieving your project goals.

  1. Inability to Retain Legacy Systems

One of the major issues faced by organizations during digitalization is the inability to retain their existing systems. Organizations merely switch over to new technologies instead of integrating them with their existing systems because they think it’s easier and more cost-effective. However, this leads to issues like compatibility.

  1. Data migration issues

Data migration issues are often cited by executives as being the main hurdle for implementing any new solution. You need to be able to migrate your data from your current system to your new one with limited downtime and minimal disruption.

This can be quite a challenge depending on how much information you’ve got on your current system

  1. Lack of business case for change

Many organizations don’t have a clear business case for making changes in their organization. In order for them to justify such changes, they need to show how it’s going to benefit their organization in the long run.

Digital transformation is a fundamental change in how an organization uses technology, people and processes to deliver more value to customers, partners and employees.

Here are some benefits of Digital Transformation:

Improves Customer Experience

Businesses can leverage digital technologies like Big Data and Artificial Intelligence to deliver improved customer experience. They can use the gathered data to predict customer behavior and purchasing patterns. These predictions help businesses to improve their customer service and sales.

Increased Customer Engagement

Digital tools like social media platforms provide a great platform for businesses where they can engage with customers directly. Businesses can also add chatbots on their websites that allow customers to contact them in real-time. This helps in building stronger relationships with customers and increases their loyalty towards your brand.

Enhanced Employee Productivity

By enabling employees with the latest digital tools like cloud-based applications and smartphones, businesses can improve employee productivity significantly. Also, new collaboration tools enable employees from different departments to communicate easily.

Customer Experience

Digital technologies can be used to engage with your customers and provide them with a personalized experience using their own data. Digital Transformation helps you to understand the customers better and attract them to your business.

Automation and Optimization

Digital transformation allows businesses to automate repetitive tasks and optimize the process so that they can function more efficiently without any errors. It also helps businesses save time, effort and money.

Better Communication

Digital transformation makes communication between employees and departments easier within the organization as well as outside of it. This can improve productivity as well as employee engagement.

Today, most companies are digital to some extent, but there’s a spectrum that ranges from those that are basically paper-based to those that are completely digital and moving at the speed of the Internet.

But one thing that’s certain is that if you’re not digital now, you will be in the near future. Why? Because your competitors will be.

The race toward a digital future is well underway, and it’s time for you to start running.

 

To understand more about the advantages of Digital technology for your business, contact one of our friendly team for a chat!

How the Distribution Industry is Digitizing for Tomorrows Economy

Digital tools and solutions are revolutionizing industries. Manufacturing and distribution are no exception. The industry is rapidly digitizing, and the companies that keep up will be able to save money, improve productivity and efficiency, and gain a competitive edge. These companies will also be better prepared for the future of business.

Businesses are desperately trying to keep up with the rapid pace of change that is sweeping their industry. In a world where new technologies such as cloud computing, and big data are changing the way we do business, it is essential that companies find ways to adapt and evolve to ensure they remain profitable.

The distribution industry is one area that has undergone a complete transformation in recent years as many businesses have now embraced cloud computing and ERP software. The benefits of this technology have revolutionized not only how businesses operate, but also how they can do business with their customers.

Many distribution companies have implemented ERP systems into their business to help them streamline operations and improve productivity. For example, the ability to store customer data and automate processes such as invoicing has enabled these companies to become more efficient in their day-to-day operations.

However, there are still some challenges facing distribution companies that have not yet implemented EPR software into their business. One of these challenges includes keeping up with technological advancements in other industries such as retail or healthcare.

These industries have a fast-paced environment where technology constantly changes and there are always new innovations being developed which could benefit distribution firms by improving efficiency or increasing profits.

One of the main ways that companies in the distribution industry are transforming themselves into digital enterprises is by adopting Enterprise Resource Planning (ERP) software solutions.

What is ERP software?

 

ERP software has been around since the early 1970s, but it wasn’t until recently that companies started to realize how much they could gain by using it. Before then, they were using MRP: Material Requirements Planning. MRP was what they used to handle their inventory, scheduling, and purchasing before ERP came along and changed everything.

These days there’s no excuse for not having an ERP system in place if you want to stay competitive in this industry — and many others besides!

The benefits of enterprise resource planning systems are undeniable: They can save you money on your logistics costs; improve productivity and efficiency throughout every department within your company; give customers better.

As the world is constantly changing, new technologies are becoming more popular and widely used. Automation has become more common in many industries and this allows for a quicker and more efficient way of working. The distribution industry is not exempt from the integration of new technologies and digital tools.
There are many benefits to using a digital tool such as ERP software, these include:

Distribution industry ERP allows you automate many processes that would otherwise be done manually:

 

Automating these processes also makes them more accurate, which means they can reduce errors and waste while increasing productivity by streamlining production processes al whilst saving you time and money.

Distribution industry ERP allows you to manage your inventory more efficiently:

 

You can track what you have in stock at any given time with an ERP system, as well as how much inventory needs to be ordered or shipped out based on customer demand. This enables companies to avoid overstocking their warehouses with products that aren’t selling well while making sure popular items stay available at all times; it also maximizes warehouse space usage so they don’t run out of room for new products coming into the facility each month or year (depending on how often deliveries occur).

Distribution industry ERP allows you to Improve productivity and efficiency:

 

ERP will allow you to improve the process of getting goods to your customers by making it quicker and easier. There is also no room for human error when most of your processes are automated.

Distribution industry ERP allows you to provide a better customer service:

 

By using an ERP system, you will be able to make your customers journey easier and simpler by giving them access to information that they need. This will help with customer retention and brand loyalty as they will be able to access information whenever they want, rather than having to wait for someone from the company to get back to them.

And finally, ERP enables higher profits & lower costs:

 

When your processes are automated, this means that there is less work for employees to do manually so they can focus on other tasks which will increase their productivity.

Enterprise Resource Planning (ERP) software solutions may be the difference between your company surviving or falling behind in the digital economy.

These integrated solutions can help you manage all of your business processes using one system. They can also allow you to access data in real-time, giving you an accurate picture of what’s happening in your company at any given moment.

Many ERPs also provide planning tools to help you make decisions that are well-informed and strategic, rather than being reactive or in the dark.

To conclude, it is apparent that the future of the distribution industry is digital and distribution companies need to adapt with an ERP solution that will not only help them to change but also be able to handle their complexity.

Ultimately, the technology that helps fuel success in distribution is similar to what will help power success in many other industries. ERP software is not just becoming a standard; it is standard.

As the world becomes increasingly globalized, companies are looking for ways to simplify their systems and make all operations more efficient. ERP software, like SAP Business One, is a great way to do that.

To discuss your options for digitising your business through ERP, contact us for a friendly, informal chat.

What Is Digital Transformation & Why Is It Important?

Digital transformation is a broad concept, but the essential idea is this: using digital technologies to transform your business, improve customer value and more effectively compete in an ever-changing world.

It’s not surprising that digital transformation has become such a big deal — after all, we’re living in an age when most of us can’t go half an hour without checking our phones. This is especially true for younger generations that have grown up with technology. In fact, a recent survey found that 69% of Generation Z are frustrated with companies that don’t use modern technology to communicate.

Meanwhile, the Internet of Things (IoT) has exploded and continues to grow exponentially. In 2016, Gartner predicted there would be 8.4 billion connected things in use worldwide; by 2020, the research firm predicted there would be approximately 31 billion connected things in use. Add this to the fact that social media and mobile technology allow us to instantly connect with people around the world, and its clear technology has changed our lives forever.

So why should businesses care? Because they need to adapt or risk being left behind by more innovative competitors. If you want your company to stay ahead of the curve, then you need to start investing time and money into digital transformation as soon as possible.

There are many different reasons why digital transformation is important, but at its core, these advances allow businesses to do more with less.  A digital-first organization can collect data on their customers and employees in real time, which allows them to make more informed decisions about the people they’re serving.

Digital transformation also allows for greater collaboration between departments and employees, which leads to a stronger culture of support, creativity, and innovation. The ability of businesses to adapt to new technology and take advantage of its benefits is key for staying competitive in today’s economy.

Digital transformation is important because it opens up new opportunities for growth, increased productivity, and a better customer experience.

The benefits of digital transformation include:

Stronger resource management.

Digital transformation also makes it easier for you to manage your resources more efficiently, allowing you to save time and money in the process.

Encourages digital culture.

Digital transformation not only transforms processes but also changes the way people work together. This encourages collaboration — a key component of digital culture — as well as communication, which helps employees work together towards achieving organisational goals.

Increased profits.

Making the switch to digital can help you increase revenues by attracting new customers and retaining existing ones. It can also drive down costs by improving efficiency, increasing productivity and reducing human error (all of which will save valuable time).

Increased agility.

With new technologies like automation, business intelligence software, cloud computing, and ecommerce platforms, businesses are able to react faster than ever to changing customer demands and market conditions alike. This means they can adapt more easily to unexpected challenges and changes in strategy without having to completely overhaul their processes or technology stack.

Improved productivity.

Modern business owners have more tools than ever at their disposal for improving productivity both internally and externally. Customer relationship management (CRM) software, for example, simplifies collaboration between teams and makes it easy for them to track customer interactions across multiple channels — resulting in improved efficiency, accuracy and productivity across the board.

Enhanced data collection.

You’ve most likely heard the phrase “data is king” before. Collecting data on your customers helps you to better understand their preferences, needs and behaviours so that you can cater to them accordingly. Digital transformation allows you to collect more data than ever before — which gives you better insight into what your customers want and how they behave — making it easier than ever before to meet their needs and expectations.

Data-driven customer insights.

Organizations can use digital technologies to collect data from customers’ interactions with their products, mobile apps, websites and social media sites. Using analytics tools, you can gain insights into who your customers are, what they need, what they want and how best to reach them. This information can be used to personalize the customer experience, improve customer relationships and increase sales conversion rates.

An overall better customer experience.

Digital technologies make it easier for organizations to engage with customers through multiple channels including web self-service, email, social media and mobile applications. They provide customers with a consistent experience across all these channels so that they do not have to explain their problem repeatedly or wait for days for a response. Customers also expect a personalized experience that is as unique as their needs. Digital technologies allow companies to meet these expectations by delivering contextual experiences that are relevant and personalized.

With all of the benefits that digital transformation offers, it’s easy to see why so many businesses are choosing it as part of their business strategy.

Whether you’re looking for ways to automate your business operations or simply enhance the way you conduct business, digital transformation can help you do just that. And with its ability to help drive productivity levels and enhance operational processes, it’s easy to see why so many businesses are turning towards it.

Digital transformation is not a one-size-fits-all solution. However, that doesn’t mean that it won’t ever be applicable in a given situation. All you need to do to use digital transformation to your advantage is to identify the places where technology and technology integration can positively impact your business, whether in operations or otherwise.

Then, identify the areas of your business that need the most help (by looking for pain points) and start by making improvements there first. After you have successfully implemented some digital transformation ideas from start to finish, then you can branch out and try some new approaches.

It is clear that digital transformation can be beneficial to businesses of all sizes. It may not be the right solution for every business, but it should be considered by companies who are looking to modernize their business models in the coming years.

In conclusion:

There’s no denying that digital transformation is a highly beneficial phenomenon that a business needs to consider. The only question is whether or not your business is actually ready for it right now.

If you find that your business isn’t, there’s nothing wrong with taking the time to prepare and get on track before it’s too late. If you do, though, I encourage you not to delay any longer.

Digital transformation offers far too many benefits to ignore and keeping up with technology trends is necessary in today’s business climate.

Digital transformation is not only about moving your business to the online world. It’s about taking advantage of digital technologies to improve performance and productivity.

To discover how an ERP solution such as SAP Business One can kick start in your transformation journey, get in touch with one of our digital experts.  

SAP Business One Electronic Data Interchange

SAP Business One Electronic Data Interchange (EDI) is a simple and cost-effective solution for businesses like yours that need to connect with larger trading partners. Using EDI, your warehousing system will be able to send and receive electronic data, such as purchase orders and invoices, directly between your systems and those of your customers – automatically, accurately and securely.

EDI is the most efficient, cost-effective way to do business with large retailers. If you want to supply them without it, you’ll pay a heavy price in terms of time and effort. But until recently, traditional EDI solutions were too expensive for most small businesses. SAP Business One Electronic Data Interchange changes all that.

What is EDI?

EDI (Electronic Data Interchange) is a system of communication between two computers that enables data entry to be done only once and eliminates the need for re-keying of information at either end. It is used extensively in large organisations such as major retailers, who demand that their suppliers are linked directly into their own systems so that orders can be placed automatically.

Electronic Data Interchange (EDI) has been around for some time now. It’s an established method of automated data transfer between two organisations that are connected electronically. It isn’t exactly new technology, but it remains the best way to integrate business processes between you and your partners.

Smaller businesses often worry that setting up EDI integration will be complicated and expensive. But there are ways of making it work for small and medium companies too; if you choose the right software partner, they can make the whole process simple.

SAP Business One is a single solution for your financial management, stock control, customer relationship management (CRM), and sales and distribution. So, if you use it to manage all these business processes, it makes sense to use it as the foundation of your EDI integration as well.

EDI integration with SAP Business One has a number of benefits for businesses. EDI generally uses an XML format to exchange files, and it’s the standard file type used when integrating an ERP system with a supplier or customer system.

The benefits of SAP Business One Electronic Data Interchange include:

1. Access to real-time, critical business data

SAP Business One is designed to make all your business data available in real-time, enabling you to make quick and accurate decisions that can improve your bottom line. Unfortunately, this isn’t possible if you have to spend time manually entering data into the system.

EDI integration with SAP Business One facilitates the exchange of business data between trading partners in a standardized and automated manner. EDI makes it possible to receive and send business documents electronically, rather than by mail. The result is that your company has access to critical business data in real-time, enabling you to make better business decisions.

2. Reduce business operating costs

Integrating EDI with SAP Business One reduces the need for manual entry of commercial transactions into SAP Business One and eliminates redundant administrative tasks, resulting in fewer errors and reduced processing times. The faster processing of commercial transactions means that less time is spent on transaction related activities, which results in significant cost savings for your company.

This is one of the main reasons why many businesses choose to integrate their ERP system with EDI, as it can reduce administration costs by up to 80 per cent per order received.

3. Improve decision making and increase visibility of critical information.

Integrating EDI with SAP Business One makes it possible for your company to have visibility over all aspects of sales orders, including order status, inventory levels and shipping details. Having access to up-to-date information enables you to make better decisions about how to run your business and manage customer relationships effectively.

The integration of EDI with SAP Business One provides superior visibility into your business partner’s operations, allowing you to make smarter decisions based on real-time data

4. Remove manual data entry processing

Improve data exchange speeds and accuracy by removing the need to key and re-key information received electronically into SAP Business One, thus reducing the duplication of effort and delays caused by human error.

This also results in reduced labour costs, fewer data entry errors and improved data integrity.

Despite these benefits, there are still plenty of businesses that don’t take advantage of EDI. Many are simply unaware of the technology, and others lack the resources to make it work. Thankfully, SAP Business One Electronic Data Interchange has streamlined the delivery process so that nearly any firm can participate, regardless of size or available resources.

The road to business success begins with an analysis of your company’s key processes and activities. With that information, you can create a better business model, improve customer service, and achieve operating excellence through full visibility into unplanned costs.

In addition, you should take advantage of the growing trend toward electronic data interchange (EDI) among businesses in the B2B space. EDI makes it possible for businesses to reduce the time it takes to conduct transactions and puts you on level playing field with large multi-national companies by eliminating paperwork and improving efficiency in the supply chain.

If you are currently using SAP Business One and dealing with EDI issues, then Signum Solutions may be able to help. Our experts have advised many clients on business problems similar to yours, and we know what it takes to resolve them quickly and without causing disruption to your business. If you would like to discuss how we can help you, then just give us a call.

Build an Intelligent Enterprise with SAP Business One

When it comes to the topic of an intelligent enterprise, an image of a futuristic office full of robots, artificial intelligence, and digital people immediately comes to mind. If you’re a business owner wondering what the fuss is all about or how you can build your own intelligent enterprise, here’s your guide.

Intelligent enterprises are no longer science fiction; they are a reality that many businesses are adopting today. With the help of technology, businesses can now optimize their operations by taking better decisions and leveraging data to offer personalized customer experiences.

The term “intelligent enterprise” was coined by SAP in 2018 to describe an organization that uses technologies like ERP, Artificial Intelligence (AI), Big Data, Machine Learning (ML), Robotic Process Automation (RPA), and more to improve operations and offer better customer experiences.

The concept of an Intelligent Enterprise is one that has been around for a long time but only recently has the technology caught up to the vision. In fact, many companies have been using ERP solutions such as SAP Business One for years to understand and act on their data to drive their business.

This is especially important today as customers have more choices than ever before, and they tend to pick brands that offer them personalized experiences.

But what is an intelligent enterprise? What are the benefits of running your business as an intelligent enterprise? How can you build an intelligent enterprise using an ERP solution such as SAP Business One?

Let’s take a look.

What is an intelligent enterprise?

The Intelligent Enterprise is a trend that’s here to stay. And for good reason. Your competition is using it, your customers are using it, and your employees are using it!

An Intelligent Enterprise is a business that uses technology to streamline business processes as well as gain new insights through the use of analytics, machine learning and artificial intelligence. The result is a more agile, streamlined business that can scale easily to adapt to changing conditions.

The goal is to use this data to provide better experiences for customers as well as employees, reduce costs and risks, improve efficiency, and enable growth.

The Intelligent Enterprise is designed with two elements in mind:

1.Intelligence – Connecting people, devices, applications, assets, and goods in real-time so that you can capitalize on insight and make better decisions at every point of business operations.

2.Experience – Enabling personalized digital interactions throughout your value chain by creating superior experiences for your customers, employees, and partners.

The Intelligent Enterprise is an approach to business that focuses on data as an asset that must be leveraged in order to achieve success and growth.

The ability to make timely decisions based on data will continue to gain importance in the future as companies strive for competitive differentiation in a fast-paced environment where change is constant.

This means that your business needs to focus on three main areas:

Applications:

With an efficient Enterprise Resource Planning (ERP) system, your business can boost application capabilities by leveraging business data to extract valuable insights for an improved decision-making process.

Digital Platforms: 

A cloud -powered digital platform is a crucial component for Intelligent Enterprises to leverage benefits like reduced costs, scalability and the use of the latest technologies.

Technology:

Be it the Cloud, Big Data, machine Learning, Robotic Process Automation or Artificial Intelligence, technologies are the final step towards an intelligent enterprise. ERP tools like SAP Business One can become the core platform for your business to adopt digital transformation and build an Intelligent Enterprise.

Benefits of running your business as an intelligent enterprise

Intelligent enterprises are powered by a robust business network, data-driven decision making, process innovation, and organizational learning. These features enable intelligent enterprises to:

  • Adapt quickly to changing market conditions
  • Provide personalization across all channels
  • Leverage analytics for real-time decisions

The benefits of becoming an Intelligent Enterprise are numerous, but include:

Improved productivity at every level: from customer service to production, improved visibility helps companies save time and money by eliminating bottlenecks and inefficiencies

Increased revenue: by gaining a complete view of the customer, companies can increase sales and improve customer loyalty

Improved profits: by anticipating customer needs and delivering on-time and on-budget, companies can improve their profit margins

Intelligent Enterprise is SAP’s new strategy, which aims to help companies to become more efficient and profitable. By leveraging the power of cloud, artificial intelligence, and machine learning, Intelligent Enterprise helps companies to accelerate their digital transformation journey.

How can SAP Business One help build an intelligent enterprise?

To become an Intelligent Enterprise, you will need a combination of people, processes and technology. SAP Business One enables businesses to innovate at scale by providing comprehensive application development and integration services all in a single platform.

SAP Business One is a tool designed to help you build your intelligent enterprise. It is an ERP system that is specifically tailored to SMEs. This system has been developed with the aim of combining business processes into one place, and using the data generated by these processes to extract meaningful insights and make better-informed decisions.

However, SAP Business One is not just an ERP system. It can also act as a digital platform. It is available as a cloud-powered platform which can ensure scalability, reduced costs, and timely access to the latest technologies which are vital for building an intelligent enterprise.

SAP Business One offers everything from ERP, CRM, Supply Chain Management, Logistics and other features. The following are some of the benefits of running your business on SAP Business One:

  • Ability to grow your business faster
  • Ability to personalize customer experience
  • Offer integrated sales and operations planning
  • Efficient supply chain management
  • A 360-degree view of your entire enterprise
  • Enable end-to-end visibility across all processes
  • Increase productivity and efficiency
  • Accelerate decision making with real-time analytics

SAP B1 offers industry specific solutions for a range of businesses including manufacturing, distribution, retail and services.

The intelligent enterprise is powered by data so you need to collect, integrate and analyse data. It is important to have visibility across the organization, understand the customers’ needs and offer personalized services.

For example, if you are in the manufacturing industry, you would want to know which product sells in which region or time. This data can be used to take corrective measures such as increasing production or stocking up on inventory for popular products or season.

SAP Business One can also help you adopt the latest technologies like Big Data, Robotic Process Automation (RPA), Artificial Intelligence (AI), and Machine Learning (ML).

The software integrates all these technologies within its framework so that you don’t have to spend time and effort creating a working solution yourself.

Whether it’s in the consumer or business world, technology is only going to become more and more ingrained in our daily lives. And right now, we have the unique opportunity to be a part of that—in fact, to shape those changes while they happen. The sooner you can adapt your organization to meet the adaptive requirements of an intelligent enterprise, the better chance you’ll have at staying ahead of your competition.

For a friendly chat, please contact us now to find out how Signum and SAP Business One can help you on your intelligent enterprise journey.

The Good Go-live Guide

You’ve already invested your time and month into months of research, negotiating, analysing your business and implementation. Go-live is finally in sight. Anticipation for the new system is running high. A new era where you’ll be able to manage your business more efficiently and more effectively approaches. However, a nagging voice keeps popping up in the back of your mind whispering “What if it all goes wrong?”

Those fears are not unfounded. Sometimes things do go wrong during Go-live but there are plenty of things you can do to minimize the risk of that happening. By being sure you are indeed ready to go live, choosing your timing wisely and planning the big day carefully you can minimize the impact on your employees and the day-to-day running of the business even if things do go wrong.

Be sure you are ready

It can be very tempting to want the new system up and running as soon as possible, after all, you have made a huge investment so it is natural to be anxious to see the results. But rushing into Go-live is, frankly speaking, a recipe for disaster. So how do you know for sure if you are ready to move forward with Go-live? Here are a few tests to help you gauge the situation.

The hardware is all ready to use

This might seem more than obvious but you’d be surprised how many businesses have plans to upgrade label printers, weight scales or even laptops soon after go-live. It’s better to have everything that you plan to use for the foreseeable future in place so it can be used during pre-Go-live tests.

You’ve trained your employees and they are on board

You can get and keep your employees on board by involving them in the implementation process. Keep them appraised of how the system works and what changes it will mean for their work. Listen to any feedback or concerns that they have and raise them with your ERP implementation team throughout the process. It is important that employees feel that the new system will make it easier to perform their tasks and make fewer mistakes.

Every user should have received adequate training and have had the opportunity to test the system prior to Go-live. Not only should they be able to use the system, but they should also understand it both in terms of the aspects they are personally using and also in the “bigger picture” context of how their role fits in with the proper running of the whole company. You should be aware that some employees might assert that they are comfortable with using the system but haven’t actually fully tested all the aspects of the system that they might have to use. To prevent this, set up systematic checks and allocate sufficient working hours to training and to testing the system

Your data is ready

Preparing data for migration to the new system is time and labor-intensive. It requires careful planning and even more careful execution. A successful go-live is extremely dependent on how well your data has been prepared and in fact not spending enough time preparing data is also one of the most common go-live regrets. Make sure you assign competent, responsible individuals to this task. There is no room for carelessness here.

When the data has been prepared, it should first be sent to the test environment so that you can check that the data is complete, accurate and clean. Insignificant data issues can be amplified when moving to a new, more sophisticated system so extreme vigilance is required during testing.

Before proceeding with go-live, also make sure that all your data is backed up sufficiently. If something goes wrong, you can’t afford to lose your data too.

You’ve tested the system

It goes without saying that it would be foolish to move to a new system without checking that it works properly, but how rigorous should testing be? And how tolerant should you be of test failures?

Hardware, software, processes, workflows, procedures, system integrations, users and even the backup system and process should all undergo extremely thorough testing before the system can be signed off on for Go-live. You have to check that every feature, functionality, extension, report and dashboard is working properly and that the people who will be using it know how to. This should include running a variety of business scenarios through the system. It is also key that testing should be conducted using a variety of data sizes. It is particularly crucial that you test the extremes of the data size range that you are likely to use to check the system is robust enough to cope with anything you throw at it.

Don’t be dismayed if a large number of problems come to light during testing. In fact, test failures should be expected. Since the very purpose of testing is to find all the things that aren’t working quite right, every failure detected prior to go-live is, in fact, a success. It is important not to panic, to deal with failed tests pragmatically and focus on both causes and solutions as well as creating contingency plans, rather than the fact that an issue has been revealed.

Even successful testing is likely to require follow-up action too. During testing, it will often be necessary to adjust user permissions, expectations of how long processes take and how many resources need to be allocated where and when.

Major bugs have been fixed

If you wait until absolutely every minor bug has been resolved, you’ll never go live. All software has bugs that only rear their ugly little heads during very specific circumstances. It’s impossible to find them all. But any major bugs that have a high impact on your business should absolutely be dealt with before Go-live and there should be a contingency plan for any major bugs that might crop up close to go live as well.

You’ve done a dry run

When you think that everything is in place, it is time to run system-wide testing. Think of it as a dress rehearsal. All processes should be fully tested in the sequence that they would happen during the course of running your business. You should also practice data migration to make sure that you aren’t going to migrate corrupt or duplicate data to your new environment.  If everything goes reasonably smoothly, with only some small fixes needed then you are ready. If you meet some major challenges, it is worth addressing the issues and then running another dress rehearsal scenario.

Get the timing right

The right time of year

Unfortunately, there very rarely is a perfect time for any working business to go live. Even in the best scenario a lot of time and resources will be spent on preparing for go-live and you have to be prepared that there will be some degree of disruption on the day.  That being said, some times are definitely better than others.

It is advisable to choose a quieter period in the year. This is primarily to accommodate your staff who will need to fit in training on the new system alongside their regular tasks before go-live and then get used to using the new system afterwards. By reducing pressure on your employees, you’ll improve user acceptance and reduce the risk of user errors.

You should choose a time when as many key people as possible are available. It would be unwise to go live at a time when many people are on leave e.g. during school holidays when many people take time off to cover child care.

The right day

Choosing the beginning of a new financial year might sound like a good idea. That way you’ll have all the transactions and reports for the year on the same system. However, in most businesses, this is also a time when employees experience additional workloads meaning they will have less time to adjust to the new system. They are more likely to experience higher stress levels and make mistakes.

The traditional route advocated by many ERP consultants is to go live at the beginning of a calendar month. The reasoning behind this is that it gives you a clean cut-off for financials, payroll, reporting, etc. This is sound logic but there are also those who champion mid-month go-lives. They argue that this allows the accounting department more time to close the previous month fully and adjust to the new system before dealing with the current month-end.

This should all be discussed with your implementation partner who will give you the benefit of their experience and look at how your business works, what times are busy and for whom and they will be able to guide you towards the right moment for go-live.

No matter what time you choose in the end, the key thing is to keep your old system as up-to-date as possible. Don’t be tempted to let things slide with the intention of adding them to the new system later. Having up-to-date data in the old system is always a key factor in a successful go-live.

Delaying go-live

The final thing to remember is that if you need to postpone the go-live date, this is also not a sign of failure. Unexpected challenges arise during nearly every implementation and postponing go-live is not at all uncommon. Keeping the business running and not impeding employees in their work should be seen as the priority during go-live and not the date. If you need more time to ensure a smooth transition, it invariably pays off. The costs associated with extending will usually be minimal in comparison with the potential costs of disruptions to your business caused by unresolved issues that can arise from a premature go-live.

What to do on the big day

Now that you have established you are ready, have decided on a definite day and time for go-live, your work is not over. It is very important to create an environment in the business that will help you catch any issues during go-live quickly, and also give you the resources to resolve those issues quickly.

Have training and reference materials at the ready

Your employees should have been given plenty of training before go-live but they will always forget certain things, meet unforeseen situations, or merely want to double-check what they remember from training. You should make sure your employees have easy access to training materials particularly during the first few days after go-live. Although it can be helpful to have a human instructor on hand, most of the time your employees will be able to resolve any doubts independently if the relevant information is to hand in the form of documents or videos. This will free up consultants and other key staff to focus on any other more complex issues that may arise.

Make sure help is at hand

For the first few days, make sure you have additional help from your internal IT team and your implementation partner on standby. Even during the best prepared-for go-lives, sometimes certain things just go awry but if you are ready for that, and have the right people ready to step in, you’ll stop it from feeling like a complete disaster. The experts can get to work on ironing out problems immediately as they occur and they’ll help you maintain a calm, controlled working atmosphere.

Keep a close eye on your new normal

Assign people to just keep tabs on things during the first day or so. They should walk around, talk to employees, make sure everything is running smoothly, take notes about any room for improvement or any difficulties staff are having and also direct your employees towards any support they require. Not only will this give you useful information, but will provide your team with reassurance and confidence in their new way of working.

Celebrate!

After the intense period leading up to go-live, it is fair to say that everyone involved will be deserving of a good old pat on the back. If everything is up and running, even if there are a few hiccups, this is definitely cause for some celebration.

If you want more information regarding the implementation and Go-Live process for SAP Business One, please get in touch with one of our implementation specialists.

Article provided from CompuTec – www.computec.pl

Why manufacturing software is the key to success

There’s a lot of talk about the future of manufacturing and the key to its success; however, many businesses aren’t really sure where to start implementing changes. Those who have implemented innovative technology into their supply chain have seen returns on their investment; yet there can be a stark difference between knowing that technology exists and actually putting it to use for your business. That’s where manufacturing software comes in.

A lot of manufacturing companies are already using software to reduce unprofitable operations, monitor production and reduce waste, but many of them are not making full use of all the benefits of manufacturing software. In order to do so, manufacturers need to look for software that is designed to be able to meet the needs of the entire operation.

Tasks like scheduling, planning, monitoring and controlling production and inventory management can be efficiently carried out by choosing the right manufacturing software. The key to a successful implementation is in understanding the various types of software available, what they are capable of achieving and how they can be used effectively.

Software that is based on a cloud-based platform is rapidly gaining popularity because it allows manufacturers to consolidate all their data in one place. This makes it possible for manufacturing enterprises to access data wherever they are located and on whichever device they choose. Software providers are also making sure that their products are mobile friendly which means that employees can easily access important information no matter where they are located.

What is manufacturing software?

Manufacturing software is defined as a software application that helps the manufacturing companies in performing their operations. There are different kinds of manufacturing software available in the market like production planning and control, supply chain management, quality control, inventory management and ERP amongst others. The purposes of using this kind of software applications are to keep track of the production line, to monitor the production process, to reduce waste in valuable resources and to reduce unprofitable operations.

When is a manufacturing company ready for ERP?

The decision to implement an enterprise resource planning (ERP) system is not a small one. An ERP system can bring a manufacturing company into the digital age and provide a platform for future growth. But that kind of technology requires a significant investment, and it’s not always obvious whether the benefits are worth the costs.

Increasing competition and changing customer demands have driven many companies to seek out ERP systems to streamline their business operations and offer more innovative products.

Here are six indicators that your manufacturing company is ready for ERP:

  1. You have broken processes in your current business systems.
  2. You lack current security requirements to mitigate risk.
  3. You can’t easily adapt to changes in your industry or marketplace.
  4. Your IT department is stretched too thin or doesn’t have enough resources to support you effectively.
  5. Your current software systems are outdated or incompatible with other platforms your company uses, like point-of-sale tools or accounting software.
  6. You want to expand your operations into new international markets.

When implementing new ERP systems, businesses must first identify their key processes and then assess the possible changes that could affect those processes. Without knowing all the details of your processes, you cannot create a functional and effective ERP system. To determine a company’s readiness for ERP implementation, ask:

“Are our current business processes broken?”

“Can we identify areas of waste and inefficiency?”

“Are there bottlenecks that prevent our company from growing?”

“Do we need to become more efficient in how we do things?”

If your answer to each of these questions is yes, then your company is ready for ERP implementation.

Benefits of Manufacturing Software for Manufacturers:

Manufacturing software is an important part of every modern manufacturing organization. It allows you to speed up production and reduce downtime, which means you’re able to meet deadlines, reduce unprofitable operations and monitor production effectively.

Manufacturing software can also help you reduce waste by ensuring that your products are built correctly the first time around. This makes it easier to deliver the right product at the right time, reduces returns and ultimately improves your bottom line.

Here are 5 benefits of manufacturing software:

Speed up production

Manufacturing software can help you significantly speed up production. It allows you to make decisions quickly and efficiently without having to wait for someone else to provide data. It also enables people in different departments to work together seamlessly so that everyone is working on the same information and there’s no duplication of effort. This means that everyone is working from the same version of the truth and making better informed decisions.

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Software as a service icon

Decrease downtime

If a machine goes down or if a shipment is delayed, it’s easy for everyone in the factory to be updated on this via your manufacturing software so that they can take steps such as re-routing shipments or finding an alternative way to produce their products until the issue is resolved.

Reduce unprofitable operations

Manufacturing software can help you identify problem areas in your operation. It encourages your team to think critically about improving efficiency and reducing costs. You can use this data to reduce waste, improve quality, and lower costs

Food ERP Demand Forecasting
Data chart

Monitor production

With the help of manufacturing software, you can monitor your company’s performance in real time. The software allows you to access reports on-demand and receive alerts when something goes wrong. This will help you identify problems early on and resolve them before they increase in severity.

Reduce waste

Manufacturing software enables you to identify patterns and trends in your business so that you can eliminate redundant processes. For example, if a certain process is taking too long or is producing too much scrap material, then it is probably costing your company money without adding value to the process or product. You can use this data to reduce waste, improve productivity, and increase profits.

Food waste bin

The benefit of using manufacturing software can’t be understated. All around the country and the world, manufacturers are taking advantage of new technology, and all the benefits that it brings them. It doesn’t matter if you’re small or large, whether you’re a contractor or an employee; manufacturing software is beneficial to everyone.

Overall, manufacturing management software helps to improve efficiency, productivity and effectiveness so you can focus on other aspects of your business. It’s not that simple a reason, but those are the general gist of the benefits.

Which ERP deployment method is best for manufacturing?

There are many different types of ERP systems and deployment options available today that range greatly depending on the size, function, and needs of a manufacturing organization. ERP systems can be hosted in-house, or in the cloud. They can be customized to specific manufacturer’s processes and business functions.

For some manufacturers, the choice of which system to select may come down to the application they are currently using and the system’s compatibility with their existing technology. Other manufacturers may choose a particular system based on its integration capabilities with other systems in place such as accounting software and customer relationship management (CRM) software.

The following is an overview of different deployment options for ERP systems:

On premise

On-premise systems are installed in a manufacturing company’s own data center. These systems provide complete ownership, control and entitlement of the system infrastructure to the manufacturer. On-premise solutions require the most investment in hardware and software, which could be a major factor for small manufacturing companies without sufficient IT resources. On-premise ERP systems offer more value to manufacturers looking to have complete control over their ERP system’s infrastructure and data security, as well as increased flexibility through customization.

Signum solutions on premise logo

Cloud based

Cloud-based ERP solutions are hosted by a third party and delivered via the Internet. This means manufacturers are not responsible for installation and maintenance costs associated with hardware infrastructure, nor do they have to purchase software licenses or support system upgrades. However, cloud-based solutions may not provide the same level of customization and integration capabilities as on-premise solutions.

Signum Solutions hosted logo

To maximize business agility with cloud-based ERP systems, manufacturers can look for those that offer hybrid deployment models that allow users to quickly migrate between delivery models (i.e. from on premise to cloud or from cloud to on premise).

Is SAP Business One manufacturing software?

The short answer is yes, but that’s not the whole story. SAP Business One provides manufacturers with a wide range of features, from supply chain management to plant maintenance. Its focus on business insights, efficiency and flexibility makes it a powerful tool for companies of all sizes in a variety of industries. Most importantly, it’s affordable for small businesses who need more than basic accounting software at an affordable price. 

While SAP Business One was designed with manufacturing in mind, its capabilities are geared toward the complete lifecycle of products—from concept to customer.

This powerful ERP (enterprise resource planning) solution helps you gain complete visibility of your business and its processes. You can easily monitor inventory, manage projects, and boost collaboration across departments, locations and partners using integrated tools.

Key Features of SAP Business One for Manufacturing:

Collaboration: It provides end-to-end visibility into your supply chain processes by connecting all people involved in production. This includes a deep integration with Supply Chain Management that offers enhanced control over your manufacturing operations and reduced time to market.

Planning & Forecasting: It lets you track performance against planned results as well as analyse trends to help predict future periods for more accurate forecasting. With real-time dashboard views, you can quickly identify potential problems and take corrective actions before they affect your critical supply chain processes.

Targets: It provides you with a clear picture of performance through real-time dashboards so you know exactly how your business is performing. You can set key performance indicators (KPIs) that reflect your organization’s priorities and goals to align everyone’s efforts toward the same goal.

To summarize, manufacturers who invest in the right manufacturing software will not only increase efficiency and visibility but also succeed. Like many other goods and services, companies have a choice to invest in it, or stay with old-style methods of doing things, limiting their potential for growth. 

Whether you are a small manufacturer, a large corporation, or a government contractor, manufacturing software can improve your process and help you stay competitive in the marketplace. By utilizing the highly automated capabilities of production management software it is possible to reduce cycle times, work orders and waste.

This translates to better quality products at reduced costs. Increased efficiency allows manufacturers to expand capacity, gain market share and be more agile in changing market conditions.

Manufacturing software represents the future of production management and warehousing operations. It increases business agility, competitiveness and profitability by managing supply chain relationships in real time.

As manufacturing continues to evolve, and small businesses begin to emerge as global competitors, you must take advantage of the latest technologies and processes that can help you gain a competitive edge.

Manufacturers around the world are already taking advantage of the benefits that SAP Business One offers, making it simple to control and automate tedious or complex business processes.

Take the next step with SAP Business One

Take the next step with SAP Business One

Tips On Choosing The Right Food Industry Software

Choosing the right food industry software for your business is not always easy. You have to find one that can best help you run your business in an efficient manner.

Business owners have a lot on their plate – managing employees, overseeing inventory, and staying on top of customer service. It’s tough enough to run the day-to-day operations of a food manufacturing business without all the added worry of choosing the wrong software package.

All too often, businesses have implemented processes in their business that are inefficient or do not meet their specific criteria. This can be due to choosing software that was not designed specifically for food businesses.

Therefore, it is important for companies to select the best software system to meet their business needs. A software system will help you keep track of your business, increase efficiency, and create growth.

However, finding the right solution may depend on several factors. The first step is to determine your business specific requirements. Once you have done that you need to consider your options and finally look at providers you want to work with.

Let’s look at these 3 steps in more detail.

Review Requirements

To make the right decision, first take a close look at your business needs. What are your primary goals, and how will the software help?

Every business has different needs. Some businesses might need to track their inventory, others might be focusing more on sales or expenses. How your business needs to use the software will play a big role in the type of system you choose to buy, so it’s important to review your data requirements and processes before selecting software.

sap business one accounting

Research Options

What do you look for when choosing business software? Functionality, price, ease of use – the list goes on. Yet one thing that isn’t always discussed is how to research business applications or solutions in your industry. Whether you’re looking at cloud-based apps, on-premise packages, or options sourced from smaller vendors – there are important differences to understand when researching business applications.

Keep a record of your business’s most important needs, and make sure you give ample time to researching your options.

Chemical Vats

Shortlist Providers

Once you’re validating the market, you need to shortlist the providers that are offering what you need. This can be done by contacting them or making use of their websites. Choose three to five providers who offer Food industry software services and ask them to meet with you so you can understand their product, view a demo, request a price list and any other information available.

Tablet Computer in Warehouse

Food manufacturers like you are unique business owners. Food manufacturing businesses deal with the unique challenges of consumer concerns, regulations and sustainability reporting. But, by using food industry software,  you can gain visibility into your processes and product information. You can then better manage your inventory and costs, optimize your production cycle times and monitor food safety regulations to ensure compliance. As a result, you improve profitability while providing safe products for consumers.

Here at Signum Solutions, we offer the latest and most advanced food industry software to help you run your business effortlessly. We can tailor ERP solutions to your unique requirements and at affordable prices.

By choosing Signum for your food processing software needs, you’re rewarding yourself with a proven leader in the industry who has been assisting businesses just like yours for years. Call us today to learn more about how our affordable food manufacturing software can help you reach your goals.

The 5 Biggest Myths About Small Business ERP

Small Business ERP Solutions have been around for years. The demand for them has grown over the past decade, but still many myths surround ERP solutions.

In this article, we’re going to take a look at five common myths regarding ERP solutions for small businesses, and address how these myths can adversely affect your business if not understood correctly.

Myth 1 – Small businesses don’t need ERP

The need for a well-organized structured workflow is a must for small to mid-sized companies. Transactions occurring inside a business often involve different departments and intersect at various points – prompting the need for cross-departmental information sharing. In such cases, an ERP system can help promote growth by maintaining a seamless flow of data across departments.

Myth 2 – ERP is too expensive for small businesses

Every organization is seeking ways to reduce costs. With so much money being invested in new initiatives, it may be difficult to remember the old maxim—you have to spend money to make money. ERP software is an important tactic for reducing costs within your organization without sacrificing your return on investment (ROI).

ERP software has the potential to streamline business processes and thus increase productivity and profitability. The ultimate aim is to help your business grow and flourish, and not only maintain the status quo.

All this is possible without having to invest heavily, as ERP software costs are very reasonable and affordable. It can be implemented as per any business’s financial capacity; no need to wait for ‘Eureka moment’ as such, as long as there is a will, there is a way!

Myth 3 – ERP systems are only for big companies that have very complex processes

Software used by larger companies can be a great choice for small businesses as well. ERP systems were traditionally used only by the largest of firms due to their complexity and size of implementation required. But, as technology has advanced, the landscape has changed significantly. Smaller organizations have been increasingly able to take advantage of customizable ERP solutions that cut costs, reduce paperwork and increase business efficiency.

Myth 4 – A new ERP system will be expensive to implement & maintain

It is a common misconception that implementing an ERP system is too expensive and takes too long. A lot of businesses avoid getting an ERP because of this. But if you don’t understand how you will benefit from an ERP system, you should consider how it can reduce your costs and increase your revenues.

Myth 5 – ERP is too complicated

Complexity is the biggest misconception about business software. Despite what you might think, you don’t necessarily need complicated solutions to run your business.

This is a myth that can hold you back from exploring your options for business software. You probably have experienced the challenges that come from working with multiple software tools, but I’m here to say that it doesn’t have to be that way. With the right system, you could streamline your business processes and increase productivity without breaking the bank. It might even save you money by cutting out extras like higher salary costs, support fees, unnecessary consultants, and more.

The reality is that smaller businesses face the same pressure to work smarter and faster, so they’re looking for simpler, affordable software solutions to help them out. This shift represents a huge opportunity for SME’s looking improve daily life in the workplace—especially when it comes to shrinking time spent on routine tasks.

Are you looking for an ERP solution for your business and are confused how to how about it?  Our experienced consultants can help identify the right products and solutions for your business. Feel free to reach out to us at [email protected] 

 

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The Difference Between an ERP solution and Accounting Software

It’s often hard to distinguish the difference between an ERP solution and Accounting Software as the roles of ERP systems and accounting software solutions have become increasingly blurred. While traditional standalone accounting solutions handle core accounting tasks such as accounts payable, receivables, transactions entry, and bank reconciliation, they lack the management capacity to track information from the earliest stages of a company’s lifecycle.

Over the last two decades, businesses of all sizes have adopted Enterprise Resource Planning (ERP) solutions in an effort to gain better control over the financial operations of their companies.

Given the amount of money that businesses invest in these solutions, many ask themselves the fundamental question: “What is the difference between an ERP solution and accounting software?”.

Choosing an ERP solution versus an accounting software is never an easy decision. In the early days of business, you might have been happy using a simple spreadsheet to track your finances and customer data. However, as companies get larger, you need solutions that can assist with efficiency and growth.

Even though both ERP and accounting software are used in the daily operations of a company, both of them differ in many important ways.

ERP stands for Enterprise Resource Planning. It’s an umbrella term that represents an entire system that is used to automate the most vital business processes of your company.

Accounting software, on the other hand, is often referred to as financial management software.

What is Accounting Software?

An accounting software solution is a tool for dealing with financial and cost accounting activities. It can help manage all sorts of administrative issues, from managing inventory to payroll. These functions are owned by and sit within the finance department.

What is an ERP system?

An ERP (Enterprise Resource Planning) system is software designed to deal with financial management, supply chain management, and customer relationship management.  An ERP system contains the full suite of functions needed for a company to operate. These functions tend to be shared across an organization.

Difference Between an ERP solution and Accounting Software

ERP integrates your business processes, while accounting software is meant for maintaining your financial records. The former offers you a better grip on your overall business performance, while the latter lets you get rid of messy spreadsheets. Accounting software has its limitations, where ERP systems boast flexible functionalities that can be modified to suit your business needs.

The main feature that distinguishes ERP software from accounting software is that ERP software is a single, integrated system designed to streamline not only the accounting process but also the management of a business.

Why is ERP better?

So, while accounting software works within the bounds of a company’s financial data, an ERP solution will integrate business operations into a single system. In other words, an ERP solution is capable of integrating external factors such as inventory and warehouse management, customer relationship management, supply chain management, etc., into the financial data that the accounting software provides.

Overall, an ERP system would save you both time and money. You’ll have one source of information that can be retrieved at your fingertips.

If you’re considering investing in ERP software, let’s have a free half hour where we can show you how our SAP Business One ERP software could help your business grow. Book your session here 

What is Cloud Based ERP?

What does cloud based ERP mean and why should we consider it as an option for our business. Let’s explore what this is, and how it can benefit companies of all sizes.

ERP software helps companies to keep track of, control and register their entire inventory. This software helps companies to manage sales and purchase records, as well as automating the financial and accounting departments.

The software also integrates all necessary business operations and provides a single source of data and records. These programs help with procurement, production, distribution, and fulfilment. With the cloud ERP program businesses enjoy the benefits of remote access and can share information freely across an organisation.

What is cloud-based ERP?

Cloud ERP is like any on-premises software application that companies buy, with one key difference. A cloud ERP system allows the company to use the software over the internet.

For cloud-based ERP, the provider is responsible for the application, data storage, the underlying operating system, servers, the physical data centre infrastructure and installing security updates and feature upgrades.

Utilising the cloud enables business owners to access the full functionality of enterprise resource planning  software without having to install or upgrade any hardware or hire expensive system administrators.

This means business owners can access the same, or better, features as on-premises systems with less hassle and without incurring most of the high upfront costs of traditional ERP solutions.

Benefits of cloud

Cloud-based ERP can offer plenty of benefits to your business. From integrating your existing systems with the cloud version of the application to the option of on-demand pricing whenever you need it, Cloud ERP is something that can make your life easier.

Quick return on investment

Businesses are always looking for ways to improve their ROI. Therefore, ERP systems are an investment for them. The best part of buying cloud-based software is you can use it when you want to, without the traditional investment in hardware and software.

With the most advanced cloud-based ERP solutions available today, you don’t have to disrupt your business processes at all. They run seamlessly in the background giving you the opportunity to retain full control over your business decisions.

Let’s dive into the 4 key benefits for business growth:

No Hardware Management

Cloud technology allows organizations to focus on what is important rather than investing time, money and resources on creating, maintaining, and upgrading their servers.

Accessibility

Cloud-based ERP allows businesses to access their critical business information from anywhere and from any connected device. This provides each employee with the same up-to-date information, no matter how far they are from headquarters. In turn, employees can make decisions faster and with greater confidence, leading to improved productivity.

Scalability

Cloud-based ERP solutions allow organizations to grow their business in a way that is better suited to the needs of the business. Over the past few years, internet-based solutions have removed many of the burdens and challenges associated with traditional ERP — namely — the need and/or the technical ability to scale and add on new users and locations.

Better utilization of resources

Because it’s not hosted on your company’s computer, there is no need for staff to monitor, maintain and support the system. By enabling your IT staff to work on other projects, you can improve the value of your business.

To summarize:

Cloud ERP is a software that doesn’t require you to install it on your own server. Cloud solutions are hosted by the vendor and accessed by you over a cloud-based platform using internet browser. This makes it easier and faster for the business owners to get started with the software usage and take their business to the next level.

Cloud ERP helps businesses to gain flexibility, scalability, and control over their operations – learn more here

Want to learn more about SAP Business One? Download the solution brief here

 

SAP Business One Hosting

SAP Business One hosting solutions have become the most effective and feasible way to access SAP Business One.

Gone are the days when the only viable way to run SAP Business One was to purchase a hardware system or hire an internal IT team to create, maintain and support it in your workplace. Hosting for SAP Business One can now be delivered from a cloud system, meaning that you’ll gain all of the benefits of software on demand.

When using SAP Business One in a hosted environment, businesses are able to avoid initial capital expenditures that come with in-house installation of SAP software as well as ongoing maintenance costs.

Small and midsize businesses need to grow. And never is the need for this more obvious than during economic downturns. That means that if you’re a small business owner, your number one priority should be to give your business every chance of surviving and, hopefully, thriving in these conditions. But starting out, it can seem like a steep climb.

That’s why SAP Business One software is so vital for SMBs.

Businesses run best optimally when they are able to get the most out of their time and assets. This is a simple statement, but the implications of this are far reaching.

From an IT perspective, a seamless experience for your users is a key aspect to supporting this objective. As such, SAP Business One Hosting offers a vast array of features that will help you build a secure cloud-based environment, with powerful business management software functionality in place to achieve this objective.

It is important to have a reliable SAP Business One solution running in a secure, world-class cloud environment so that your business can continue to run smoothly without worrying about downtime. SAP Business One Hosting enables you to outsource the technology piece and focus on growing your business.

Signum offers a whole range of options for your SAP Business One requirements. We can host the software solution on your own hardware, in our private cloud or in our public cloud. All three options require minimal upfront investment from you and we take care of all the management and support, so you only pay for what you use.

We take care of your SAP Business One Hosting to help you dramatically improve efficiency, optimize performance, and increase productivity.

Talk to us today to explore your options with SAP Business One Hosting