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.  

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.

ProcessForce and SAP Business One

If you’re already in the manufacturing industry, you’ll know that it’s a complex world to conquer. From raw materials all the way through to distribution, there are several interlocked processes that all have to work together perfectly and in a timely fashion. But it’s not just enough for the manufacturing side of things to be successful: your sales, marketing and aftersales departments also need to perform at their best.

This article explains what both SAP Business One and ProcessForce are. How they work together and why they benefit companies with more complex manufacturing requirements.

What is SAP Business One?

SAP Business One is an Enterprise Resource Planning (ERP) solution from SAP that helps you to manage your business from one place. It is designed for small and medium size companies, because of its simple functionality, but powerful for its capability to connect you with an integrated systems and real-time information.

It integrates the manufacturing process with basic modules such as manufacturing management, sales and distribution, materials management, customer relationship management, financials, and more.

The flexibility of the solution allows you to tailor it to your company’s needs by adding integration solutions that are designed specifically for process manufacturers, wholesalers and chemical suppliers.

With SAP Business One, you get the advantage of easy implementation, low implementation costs and flexible deployment options.

Businesses of all sizes can greatly benefit from SAP Business One. You can use SAP Business One to transform your entire business by centralizing all of your data, information, and processes in one single system. From finance and accounting to customer relationship management (CRM), you’ll be able to manage your entire business more efficiently with real-time access to up-to-the-minute data.

As an ERP solution, SAP Business One can streamline key processes to give you better insights into your business and enable you to make data-driven decisions with real-time information to drive profitable growth.

SAP business one modules

What is ProcessForce?

Manufacturing companies have been using SAP Business One for years. Many use it as their ERP backbone, and rely on its tools to track inventory, build quality control reports, export data for importing into or exporting from other systems, report on production trends and much more.

SAP Business One contains great functionality for basic manufacturing operations. If you’re a business that predominantly manufactures standard items, it may be all that you need.

However, if you’re an advanced manufacturer, with specific production processes, specialised inventory management requirements or complex item structures – then SAP Business One might not have the capabilities that you require. ProcessForce gives you advanced capabilities tailored specifically to the needs of your process manufacturing business.

CompuTec ProcessForce is an add-on solution for SAP Business One that offers advanced capabilities for manufacturing companies. It works with the tools already offered by SAP, such as inventory and quality control, to provide new capabilities tailored to manufacturing needs.

The ProcessForce application interface is used to manage inventory, create production orders and design bills of materials, track and manage quality control issues and complaints from customers as well as manage products through procurement, manufacturing and support processes. This powerful solution can be accessed directly from the SAP Business One interface for simplified use.

ProcessForce is easy to use and can be implemented virtually anywhere in a production process. The solution increases visibility into the entire production process, giving you a single source for collecting, managing, visualizing and analysing information about your products and processes, with features for improving manufacturing quality, managing global supply chain issues and identifying opportunities for operational cost savings.

Businesses that run SAP Business One can improve their business operations by installing CompuTec ProcessForce. This software adds advanced capabilities for production systems to the functions already offered, including materials management and inventory.

Using the resources already provided by SAP Business One, along with the added functionality of CompuTec ProcessForce, manufacturing organizations can shorten time-to-market, keep costs down, increase sales and profits, and grow their businesses.

SAP Business One for manufacturing, functionality diagram

How does ProcessForce work with SAP Business One?

SAP Business One helps manufacturing SMEs on a tight budget to control their operation. But there are times when business owners need help from the experts and rely on third party application providers to help them get the most out of their SAP Business One installation.

ProcessForce has been built “inside SAP Business One” using the SAP Business One Software Development Kit.

This provides a seamless user experience to add to your core manufacturing functionality within the SAP Business One ecosystem. ProcessForce is purely native to the SAP Business One environment, therefore it naturally fits with your existing layout and processes, thereby reducing training costs and making it simple to use. This allows you to easily run factories, order materials, and improve efficiency in a manner that is familiar to you.

How does ProcessForce benefit companies with more complex manufacturing requirements?

Advanced manufacturing companies and factories face continuous challenges. With consumer needs becoming more demanding and complex, and stringent regulations being imposed on industries, the ability to execute complex manufacturing processes quickly is essential.

ProcessForce automates SAP processes to ensure that the company’s customers receive goods cost-effectively, on time, and of the highest quality. The manufacturing module in SAP Business One, when paired with ProcessForce, can become a comprehensive solution for any industry segment or size.

Let’s take a look at some features that ProcessForce provides that benefits more complex manufacturing requirements.

Supply Chain Management

SAP Business One’s seamless integration of data from suppliers, products, resources, processes, inventory and customers translates well with the addition of ProcessForce for increased efficiency. Consolidation of data remains a crucial step towards increased efficiency.

The pharmaceutical and food and beverage industries face unique challenges with supply chain data management. Manufacturers must have a reliable system in place to allow traceability of products throughout the supply chain to protect consumer safety.

One way to ensure supply chain accountability is with the ProcessForce 360 degree traceability application, which allows organizations to easily track and assess all related traceability transactions.

ProcessForce does this through:

Predictive Analytics

Traceability Dashboards

Relationship Maps

Data Integration

Quality Control

In the manufacturing industry, quality control is a particularly important concern. Any inconsistencies in a production process, from purchasing supplies to shipping products to customers, can be costly.

If you have any problems with the purchase of goods, manufacturing, or delivering to customers, you need software that will monitor those processes and alert you of any inconsistencies.

ProcessForce enables quality control teams to perform inspections and audits on a regular basis. This can be done without any manual intervention.

The system allows users to define:

  • The type of inspection or audit
  • Frequency of such inspections
  • Items required for testing or inspection
  • Resources required for testing (like weight scales, microscopes etc)
  • Alerts for maintaining communication with inspectors on the required tests and inspections

ProcessForce provides tools for management to review and analyse the results of audits performed by quality control team members. It also provides visibility on records and history of performing quality control audits. This helps management in understanding the effectiveness of their quality control process.

Product Routing

Product routing at its most fundamental is a standardization of the production process. When you know what comes before, what goes after and how much time it will take, you are in better control of your job flow. This can make a big difference in your plant’s efficiency and production rate.

Setting up your production is an essential first step to streamlining your workflow. It ensures that every machine on your premises is producing the right goods at the right time, with the right specifications.

ProcessForce makes this easier through an intelligent data integration system that seamlessly merges the pieces of all your individual processes into a single machine-to-machine interaction.

Product routing enables manufacturers to define machine control settings during production. These alter properties such as temperature, pressure, and machine speed. ProcessForce also helps manufacturers improve their production time through queue management, stock time, and run time.

Traceability and Accountability

Ingredient transparency and accountabi­lity are crucial aspects of running a manufacturing business. From the customer’s perspective, it is clear that ingredient transparency is a key to brand integrity.

Transparency and accountability are often used in tandem when discussing requirements for a manufacturing management system. It’s vital for customers to know what they are investing in, and just as important for businesses to know where their money is going when dealing with suppliers and employees.

ProcessForce has made full transparency possible by delivering the simple process that businesses need at every level of their organization. A full batch control and forward supply chain traceability allows uncomplicated exchange of data between all parties involved in the business model.

ProcessForce enables manufacturers, and their partners, to deliver transparency and confidence in the supply chain by giving access to data at the point of origin.

Customers can verify good manufacturing practice (GMP) compliance and identify batch performance. With enhanced accountability, ProcessForce helps businesses to meet their business requirements for traceability and recordkeeping.

In Summary

SAP Business One with ProcessForce gives you full control of your ingredients from incoming raw materials and shipping documents, to purchase orders and receiving reports. Keep track of every ingredient you take in and pay for, as well as all the ones you sell.

If your manufacturing business is process-based and you are looking for a way to streamline the key aspects of your operations, then you should take a closer look at SAP Business One with ProcessForce.

By leveraging both applications, you’ll be able to gain insight into production levels, costs and enhance customer service. Ultimately, this solution can help you become more efficient and deliver high quality products and services to your customers at lower costs.

Signum Solutions provides SAP Business One and ProcessForce implementations, support, and consulting. With over 15 years of experience working with these solutions, we are your experts for all your needs.

Our mission is to provide the highest quality business management solutions. We’ve helped organizations like yours gain a competitive advantage through innovative technology and service. Let us show you how ProcessForce and SAP Business One can propel your business forward. Contact us today.

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.

SAP Business Software for SME’s

SAP business software for small and medium-sized enterprises (SMEs) is a popular topic. As we all know, SAP is one of the most successful business software providers in the world. But contrary to popular belief, SAP is not just for large companies with thousands of employees, it can be used by SMEs, even if your business only has one department or product/service.

Overall, SAP has made tremendous progress in revolutionizing the ERP industry and continues to make great strides in how businesses all over the world conduct their business. However, in recent years, SAP has been making ERP solutions available to smaller business at a more affordable price point.

For organizations that don’t have big budgets, the SAP business software solutions for SME’s might just be the ticket.

If you are considering SAP business software for your businesses, then no doubt you have come across some negative remarks about its complexity. It can be difficult to navigate the many modules that are needed for a viable business system. However, SAP has made it easier through SAP Business One.

SAP Business One is an all-in-one integrated ERP solution, designed to suit the needs of small and growing business enterprises. The business software for small organizations has been designed to provide effective management of financials, inventory, sales, marketing, manufacturing, procurement, shipping, transportation and more.

SAP Business One for small to mid-sized companies has been designed specifically to cater to the needs of SMEs. It covers off all the basics of running a company and enables you and your team to focus on other aspects of running and growing your business.

SAP Business Software for SME’s has the power to speed up growth and create reliable data on daily volume, revenue and profits. SAP makes small companies stronger and smartest companies bigger.

Below is some of the functionality available in SAP Business One for SME’s:

Financial Management

Accounting

Controlling

Fixed Asset Management

Banking and Reconciliation

Financial Reporting and Analysis

Sales and Customer Management

Sales and Opportunity Management

Marketing Campaign Management

Customer Management

Service Management

Reporting and Analysis

Mobile Sales

Purchasing and Inventory Control

Procurement

Master Data Management

Warehouse and Accounting Integration

Accounts Payable

Reporting

Business Intelligence

Report Creation and Customisation

Interactive Analysis

Intuitive Tools

Analytics and Predefined Metrics

Powerful data visualisations

Analytics and Reporting

Dashboards and Reports

Real-time Analytics

SAP Business One

SAP Business One is a single, affordable solution to manage your entire small business – from accounting and financials, purchasing, inventory, sales and customer relationships to reporting and analytics.

Regardless of the size of your company, whether it’s a small enterprise or a non-profit organization, if you are looking to improve efficiency, track business data, work with vendors, interface with customers, make real-time decisions to boost growth and much more, implementing an SAP System is the best way to do it.

SAP business one modules

SAP Business One is not only the wise choice for most companies but with SAP you will also get access to an award winning implementation partner like us, with our team of SAP trained consultants, with almost 20 years of implementation experience across the United Kingdom.

Let us answer your questions during a meeting at your premises and explain the special advantages of this ERP solution exactly for your company – call us on 01244 676 900

Quick Wins with SAP Business One Manufacturing

SAP Business One Manufacturing is used by businesses to gain insight into the inner workings of their enterprise. With this ERP software, companies can process orders faster, plan more effectively, and streamline resource allocation.

The name ‘SAP’ is familiar to most people in the software development field, but it does not necessarily mean that they also know what SAP Business One is or how it can benefit businesses.

This is because there are different applications of SAP for different industries, including manufacturing.

For manufacturers, the core utility of SAP Business One is the ability to streamline processes by improving visibility into key business functions like sales and purchasing, inventory management, production planning and tracking, quality control and service performance.

Manufacturing companies need to make the best decisions possible. To do this, they require access to real-time insights from across the business and from all their operations. They need a system connected to other areas of a company including accounting, finance, and IT.

That’s where SAP Business One can help. It has a variety of functions that allow your company to move faster, reduce costs, improve efficiency, and better manage risk.

A new enterprise resource planning (ERP) system can help increase productivity and reduce costs. This system provides a comprehensive view of information across all aspects of your manufacturing organization.

Since different departments have different roles in the manufacturing process, they will rely on certain parts of ERP differently. For example, a purchasing manager looks at data from a market perspective, whereas the production manager views the data from a productivity point of view. This way you can deliver timely information that improves internal collaboration.

SAP Business One for Manufacturing enables your organization to achieve its objectives by managing all operations of your manufacturing, distribution, and project-oriented companies.

The SAP Business One for Manufacturing solution provides a complete set of core functionality. It includes the full range of features necessary for manufacturing companies, distribution companies, and project-oriented companies.

The SAP Business One solution includes the following core functionality that is beneficial for manufacturing companies:

  • Material management
  • Production planning
  • Production management
  • Project management
  • Sales and distribution
  • Supply chain management
  • Financial accounting
  • Business Intelligence
  • Fixed assets

Common challenges manufacturers face

There’s a reason why manufacturers use ERP systems – businesses of every size deal with the same day-to-day challenges. For example, no matter what your business size, you likely face the following issues:

  • Lot traceability
  • Compliance with laws and regulations
  • Material Requirement Planning (MRP)
  • Lack of reporting
  • Inventory management
  • Rising costs

Key features of SAP Business One for Manufacturers

There are many great features in SAP Business One that manufacturing companies can put to use right away to achieve their business objectives. These are 3 quick wins that will get you up to speed quickly.

Material Resource Planning (MRP)

For manufacturing organizations, managing materials can encompass many processes. SAP Business One (SAP B1) offers functionality at the core of your company to make material management processes more efficient. With easy entry of data and reporting tools, you can ensure all inventory transactions are properly recorded.

SAP Business One makes it easy to create a master production schedule and a demand plan. You can use the MRP Wizard to run optimum capacity planning scenarios for products by choosing items, data sources, and planning horizons.

Leveraging the MRP Wizard, capacity plans can be created quickly and automatically generated production orders can be scheduled during different periods.

Inventory Management

SAP Business One manufacturing solution simplifies the task of tracking status of an inventory. With B1, you can confirm and update quantities and availability of your products and receive prompt notifications for stock adjustments across multiple organizations. Its automatic solution ensures timely and error-free stock transfer between any SAP Business One system and warehouses, to boost your bottom line.

Dashboards and Reporting

SAP Business One provides easy-to-use, visually appealing dashboards that you can completely customize to suit the way your business works. You gain immediate insight into your supply chain processes, allowing you to make better decisions faster. With seamless integration across the enterprise, information is available to everyone, bringing greater clarity to operations for everyone involved.

SAP Business One is a product that allows your business to better manage itself. With SAP Business One, you can not only gain insight into what is happening in your business, but also gain actionable steps on how to improve performance.

Ready to look at SAP Business One?

SAP Business One has been an enterprise resource planning solution for more than 50,000 manufacturing companies in more than 100 countries. By giving you a high-level overview of your company, SAP Business One ERP can help you make better decisions and improve how you do business by automating processes and making operations more transparent.

Signum can help you bring your manufacturing company’s mission to life. We work with organizations committed to excellence in manufacturing. Let us make it easy for you to get started today!

 

SAP Business One Inventory Made Easy

Inventory management is one of the most important, and at the same time, one of the most challenging aspects that every company faces. Having a good inventory management strategy is essential to every business. This article explains how SAP Business One has made inventory management easier than ever before.

If a stock runs out, customers’ orders are cancelled. In larger quantities, the ordered items are shipped only after some time. In some cases, the stock is replenished right away when it becomes available again. The one thing in common with all of this confusion is that the order process is delayed and customers might have to wait before they can place an order again or buy the product from another store.

The inventory management problem has a major impact on wholesale distribution industry in addition to several challenges faced by companies across diverse industries. Companies need effective inventory management for successful operations.

The SAP Business One inventory module enables you to make stock and inventory management an integral part of your end-to-end ERP solution, connecting both processes and data across procurement, sales, stock management and finance.

The flexible user interface in the native SAP Business One allows you to put the relevant information for managing your company’s inventory at the centre of your business processes to make management decisions possible.

This short video gives you a quick insight into the benefits of using SAP Business One to accurately and effectively managing your inventory. (You can also access additional SAP Business One product and Industry videos by visiting our YouTube channel here )

Managing inventory correctly is often the key to business success. If you lose track of your stock you can end up selling products or paying for them when they’re no longer needed.

Not only does this affect your bottom line but it also stops you meeting customer demand and kills customer satisfaction.

SAP Business One is the perfect enterprise solution designed specifically with small and mid-sized businesses in mind. It can be used for both transactional and analytical purposes – helping to drive growth, improve customer satisfaction and achieve your company goals.

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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] 

 

Continue…

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 

Key Features of SAP Business One for SMEs

There are so many business software solutions out there, but we are often asked the same question, “what are the key features of SAP Business One?”

Many entrepreneurs and small business owners want to know what they can expect before they start learning. So, we decided to write a blog that explains some of the key features of SAP Business One for SMEs and how it helps SME’s focus on their end goal.

Naturally, every company pursues its own goals. However, when critical information is spread across multiple business systems and locations, it’s difficult to find and act on that data quickly.

SAP Business One is designed for small and medium-sized companies to help them manage the entire business, from manufacturing to finance. The solution streamlines processes and enables faster decision making, thus increasing business growth.

Below we have listed some of the key features of SAP Business One and the benefits to an SME business

Accounting and financial management

SAP Business One’s powerful financial management module helps you streamline accounting and integrate data from accounting, sales, and purchasing to drive more profitable decision making, while reducing errors.

Customer relationship management (CRM)

With SAP Business One, you’ll be able to track, manage, and convert more prospects into customers. You’ll provide superior customer service and keep your customers satisfied. You’ll grow your revenues through a streamlined sales process.

Warehouse and production management

SAP Business One lets you manage inventory across multiple warehouses in real-time. And if it’s available for sale, you can track and record its movement. If you keep your stock levels high, we also optimize your inventory to help you maintain cost-effective stock levels.

Reporting and analytics

With SAP Business One, you can monitor payments, sales, inventory, and staff in real time. In fact, with SAP Business One, real time visibility into all aspects of your business comes as standard so you can make faster decisions with the information at hand and achieve better business outcome.

Purchasing and procurement

SAP Business One optimizes your purchasing process to help you save time and ensure compliance in the process. By better managing the entire process, your organization will benefit from increased efficiency while reducing risk through improved vendor relationships.

SAP Business One offers many of the features that larger businesses require, but with a simplified interface that makes it ideal for SMEs. With user-friendly screens and an array of reports to make the majority of business tasks easily accessible, SAP Business One is the number one choice for businesses looking to streamline their operations and gain maximum value from their ERP.

Download our guide to see an overview of the main features and benefits of SAP Business One

What is ERP for Small Business?

ERP for small business is getting to be a popular topic, and it’s not hard to understand why. A small business that implements an ERP solution can add significant value to its operations.

The term “enterprise resource planning” may sound like one of those daunting business concepts reserved for Fortune 500 companies. However, it’s becoming increasingly popular with small businesses as well. But what is ERP, who needs it and what benefits will it give? Let’s take a brief look…

What is ERP?

Enterprise resource planning software (ERP) is a business management system that allows for the organization of all a businesses’ different departments into one overall system. Examples of departments are accounting, supply chain management (aka purchasing), and production control. ERP software connects these departments in one single system.

Who needs ERP?

If your business is still small but you are facing the complexities and difficulties of managing it effectively, then you might want to consider implementing an Enterprise Resource Planning (ERP) software.

In fact, most of today’s growing businesses start with only a few people or even just one person. As their business grows and more employees become involved in different aspects of running the company, these companies eventually reach a point where they need to implement an ERP system to help them manage their operations efficiently.

What are the signs that you may need an ERP?

  • Inventory is hard to manage
  • No visibility into business data
  • You struggle to meet customer expectations
  • You (and your customers) suffer from manual input errors
  • Business relies heavily on excel spreadsheets

What benefits do small business get from ERP?

  • Improving overall business performance
  • Reduce costs
  • Support business growth plans
  • Gain visibility into business data and financials
  • Eliminate manual processes
  • To replace disparate systems
  • Technological advantage over competitors

 

If you’re looking to bring all aspects of your small business together, ERP may be the solution you need. When considering the complexity and time-consuming nature of running a small business, it’s essential to make your most important tasks easy.

Adopting an ERP system and improving a business’ productivity is one of the most important initiatives that a small business owner can make. If your business is still using old-fashioned paper systems to manage your finances, shipping, and your inventory, you are missing out on many benefits and growth opportunities.

There are many software options for small businesses looking to implement Enterprise Resource Planning, or ERP software. Therefore, it’s important to do your research before deciding on a solution.

Signum Solutions is an SAP Business One Gold Partner and has been helping clients with their ERP projects for over 18 years. We are committed to helping small businesses thrive, and we would love to speak with you about the value ERP can provide your business.

If you want to figure out whether your company is ready for an ERP software solution, contact the team at Signum today!

SAP Business One for SMEs is the Perfect Fit

SAP Business One for SMEs is an up-to-date, comprehensive ERP solution that adheres to your availability requirements while implementing the needs and requirements of small and medium sized enterprises.

As your business grows, you may look for ways to streamline operations and boost productivity. By choosing an affordable business system designed specifically to fit your needs, you can achieve these goals and more. One solution that’s ideal; SAP Business One for SMEs.

A medium-sized company of today needs a flexible and efficient system that processes data as quickly and accurately as possible. SAP Business One ERP offers you the right solution for your business.

Specifically designed for the SME market, it combines key business functions in one system to help you get control over your operations, reduce costs, increase profitability, and improve your service levels.

With dedicated software, built for SMEs, you can react more quickly to customer requests and make your company more profitable. It also provides the speed and efficiency needed to deliver products or services while managing costs competitively.

SAP Business One’s unique point of view makes common business processes easier and helps companies to grow profitably, develop their brands and strengthen relationships with customers.

In addition, SAP Business One supports the integration of partner networks or business partners and third parties, facilitating cross-organizational collaboration and integration opportunities for customers.

This enables your business to grow and evolve with its own level of complexity and still always use the standard software and interfaces. A wide array of add-on products is also available to enhance the core functionality of the solution.

This extensive range of functions allows you to record all company processes in accordance with current business requirements. This saves time and simplifies business procedures. You not only streamline single processes, but also link them to each other, so that you can view the results of each individual business process at any time.

Take a look at the SAP Business One Solution in detail here

SAP Business One is a global industry-leading business management software solution, used by over 70,000 small and medium-sized enterprises. It is also available in the form of the SAP Business One Starter Package, ideal for businesses who initially only require the services of up to 5 users.

SAP Business One transforms your business by enabling you to manage it in real time, from anywhere. Operationally, you can increase efficiency and reduce IT management costs.

Powerful yet simple, SAP Business One for SMEs gives you access to enhanced visibility and better decision making at a small business’s cost.

Want to know if SAP Business One is the perfect fit for your business? Contact one of our business experts today!