Signum is attending the SMB Innovation Summit

 

SAP 2018 Innovation Summit venues

 

The 2018 SMB Innovation Summit, hosted by SAP, is scheduled to take place in three locations around the world – Ho Chi Minh City, Barcelona and Orlando.

The Signum team will be joining other SAP Business One partners at the event in Barcelona to learn about the latest SAP product and technology innovations, industry insights affecting small to midsized markets, and the tools needed to successfully showcase the power of on premise and cloud enterprise resource planning solutions with our prospects and customers.

We are excited to be attending this event as it’s a fantastic opportunity for us to hear directly from SAP’s executive team about the latest improvements and innovations planned for SAP Business One and the benefits to our customers.

It is also a great opportunity for Signum to learn best practices, understand the latest product releases and upgrades, network with other successful partners, and gain practical insights that we can share with our entire team – all to the benefit of our customers!

In the weeks following, we will be updating you with the main highlights and innovations we discovered during the Summit so watch out for this blog series or if you’re attending the summit personally, feel free to hunt down member of our team and introduce yourself.

 

10 Reasons your business needs SAP Business One

Signum Solutions understands as a growing business you are one step closer to selecting a business management software for your company’s changing needs. We know this is an important step in your company’s path and one not to be taken lightly.

To aid you in your journey we have listed the top 10 reasons why your business needs to move to SAP Business One. So you can see first-hand how you can significantly improve the way you manage your business.

  1. SAP Business One is affordable
  2. Specifically developed for small to medium enterprises (SME’s)
  3. SAP Business One is designed to grow with your business and can easily adapt to your changing needs
  4. Provides real time analytics ensuring you have full visibility of the data you need to make better business decisions.
  5. SAP Business One offers a wide range of industry specific solutions
  6. ERP solution that is fast to implement, easy to use and needs minimal IT support
  7. Gain fully integrated functionality across your entire business with SAP Business One
  8. SAP Business One gives you a fast return on your investment
  9. SAP Business one is from the word leaderin business applications – SAP
  10. It’s supported by Signum Solutions, Gold partner with SAP Business One Recognised Expertise and industry expert for Food and Drink, Food Service, Chemicals, Wholesale and Distribution and Manufacturing.

 

Your business has a lot of distinctive features. It’s time to make the move and find the perfect software fit for your business, contact your SAP Business One Industry experts, Signum Solutions on 01244 676900 for more information.

What is SAP HANA? Is it Right For Me?

We hear a lot about SAP HANA, but what is it all about? SAP HANA is an in-memory data platform that is deployable as an on-premise appliance, or in the cloud. It is a revolutionary platform that’s best suited for performing real-time analytics, and developing and deploying real-time applications.

By adopting SAP HANA you gain a single secure environment for all your mission-critical data assets, so you can manage large volumes of structured and unstructured data efficiently to improve total cost of ownership. And, at the same time, you can simplify your IT landscape and reduce administrative effort by consolidating multiple workloads onto SAP HANA.

Being able to Run Simple helps you deliver insight into ongoing transactions, so your organisation can respond in real time to market change, seizing new opportunities more quickly than your competitors.

Benefits of HANA

Accelerate Database Processing
Process transactions and analytics against a single copy of data in-memory for real-time insight

Deliver More Intelligence
Use advanced analytical processing for deeper insight into the past, present, and future

Create Next-Generation Applications
Design and deploy intuitive applications to deliver the right information at the right time to business users

Integrate All Types of Data
Access large volumes of data from a variety of sources to unlock insights never seen before

Simplify Your IT Environment
Reduce complexity with an unified, yet open, platform on premise or in the cloud

To find out more about making your business run more efficiently with SAP HANA call us on 01244 676900 or fill in the form below.

Batch Traceability – Looking for a needle in a haystack

If your business produces products within a regulated industry, batch traceability is of the utmost importance. The reality of “Batch Traceability” is that it is a highly complex multi-dimension issue that touches all parts of the enterprise.

The problem arises, when you have to find the cause to understand the effect, regardless if you’re undertaking a real life or simulated product analysis and recall. Searching through your batch record Big Data, is like “looking for a needle in a haystack”. Visualisation is the optimum way to sift through the data haystack to find the information needle point to increase visibility, reduce the time and cost of analysis to make timely and informed decisions.

Using our SAP Business One – Industry Edition with ProcessForce, provides such a solution for regulated industries, allowing users to quickly understand the batch path (both forwards and backwards) and batch status through the inventory and production flow process and to then drill down to understand the transactional effects and implications across the enterprise.

If you want to know more about how can help, call 01244 676900 or fill in the form below.

 

An investor perspective on IT: Do your systems give you the capacity to grow?

As noted in the Economist Intelligence Unit’s report, “Scaling SMEs: Building a flexible platform for growth,” investors care about what you’re doing – and are planning to do – to ensure that your business actually has the capacity to grow. Because failing to invest in the right areas can structurally limit growth in the future.

A growth strategy should define how and when you are putting in place new IT systems, processes, and organisational structures to support sustainable operations. It should cover everything from management structures, reporting lines, policies and disciplines, and communications channels to the establishment of repeatable processes and procedures – which is where IT can help the most.

Investing in the right IT solution can simplify much of the complexity that naturally develops as companies expand nationally and globally, go digital, hire new people, acquire new businesses, develop complex supply chains, and more. Along the way, they need to comply with more regulations, perform financial consolidations faster, and understand what’s happening across the business to make better, faster decisions.

You can standardise and automate everyday processes in areas like these. Think purchasing, invoicing, new employee enrolment, financial reporting, bank reconciliation, and expense approvals. By automating key steps in processes in these types of areas, you can multiply the productivity of your employees. Many tasks simply take care of themselves, as process and decision automation built into ERP and other systems can trigger next steps, such as reviews and approvals – automatically.

This means you can run your business more efficiently and transparently, as well as scale your business without having to hire more people. In other words, you can run simple.

All this is music to an investor’s ears – and your bottom line. Of course, this assumes that you make wise choices when it comes to technology.

The Economist Intelligence Unit’s research shows that, “The more you rely on general purpose technologies to invent, build, and deliver stuff you’re doing, the easier it is to scale.”

Special-purpose technologies, which may offer lots of impressive features, tend to add to complexity and can actually lead to more delays and capacity constraints. So think about how you can use standard functionality built into ERP, CRM, analytics applications, and other general-purpose software to execute on your scalability strategy.

The good news is, you can access a wide range of cloud-based business software designed to grow with you – quickly and cost effectively.

To find out more, give us a call 01244 676 900, or click the button below.

Start Simple with Business Simplification

As your business grows, the bolted-together systems and processes that worked when your company was smaller won’t scale sufficiently to support new customers, employees, product lines, and service offerings.

Equally important, there’s a natural tendency for companies to create more complex processes over time – for example, to accommodate new customer demands or to work around disconnected systems. And as they build up, these complex processes create inefficiencies, drive up costs, and make your business less agile.

But if barriers keep slowing down your simplification efforts, you’re not alone. As noted in a recent Knowledge@Wharton paper, “Business Simplification 2015: The Unmet Strategic Imperative,” companies battle everything from a resistant culture (often due to fear that simplification will lead to lost jobs) to managers who lack the time to implement new systems, processes, and policies.

But sometimes simplification initiatives stall because they fail to start simple. Sometimes the best way to get the ball rolling is to focus on one or two processes – for example, a decision making and an approval process – and empowering the people closest to those processes to simplify their daily work.

  • The project should have clear-cut goals and incentives tied to performance.
  • What might this look like? Consider
  • As this example illustrates, this approach to simplification changes people and culture from the bottom up, paving the way for acceptance of larger initiatives that require a more top-down, technology-driven approach.

Such projects still need to have the support of top management and be tied to strategic initiatives, of course – but the goal is to build momentum around the goals and benefits of business simplification.

People can experience first-hand that it’s really just adopting a simpler way of working that reflects proven business practices. And they can realise the benefits directly, right away.

So where do you see opportunities to start simple with simplification within your business? Contact us for more information on 01244 676 900

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

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

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

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

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

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

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

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

Four ways to simplify and grow your business

As a business owner, you’re probably thinking about the most effective way to grow and build a profitable company. But it can be hard to focus on growth when you spend all your time working on the smaller details. And if your business is not functioning as effectively and economically as it could be, it can be even harder.

These tips can help you simplify the way you run your business, leaving you time to focus on the areas that will help you to grow it…

  • Put all your data in one place

When you use one software application that integrates all your systems, you get instant company-wide insights into all areas of your business. So you don’t have to search through multiple entries, across a number of spreadsheets and databases, to find what you’re looking for. Instead, you have all the facts at your disposal instantly, so you can make smarter decisions. And you can make them quicker.

  • Save time and money through automation

Manual entry of data across a number of systems can be very time consuming. And it takes staff away from performing other critical functions, or working towards helping you achieve greater ambitions. If you automate the key functions of your business, everyone will have more time to focus on development projects that help you drive growth.

  • Reduce simple mistakes and human error

Mistakes in your data can be costly. Experian’s Global Research Report 2014 found that 59% of data errors are caused by human error. And it can cost between £1 and £100 to rectify each mistake, depending on the time at which the error is noticed. Cut down on the potential for mistakes by streamlining your operations, reducing the number of physical entries that need to be made.

Studies also show that up to a third of data breaches are the result of human error. So not only will your systems run better when manual input is reduced, you’ll also benefit from improved security.

  • Make sure you’re working with clean data

Clean up your data by removing any outdated information, incorrect figures or poorly input customer details. Research shows this ‘bad data’ affects the bottom line of 88% of companies worldwide. And the average company could be losing 12% of its revenue due to wasted marketing spend, resources, and staff time – all due to inaccurate data.

By cleansing your data and integrating it into a single system, you can ensure against duplicate or inaccurate entries, spot errors more easily and make sure you have one single version of the truth. So you can be confident in your data, cut down on wasted resources, and focus on growth.

As a smaller or mid-sized business, in order to take these tips on board, you need to ensure that any new software solution you invest in isn’t going to break the bank.

With a single IT application helping your business run more simply, you’ll see increased efficiency and productivity. And with all your data stored in one place, you can be sure it’s accurate and up to date – so you can make more confident decisions more quickly. You’ll also save time and resources that would otherwise be spent simply managing your data. So, your smoother running business will give you more time to focus on the areas that really help you to grow.

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk

ERPs: Grow Your Business Faster by Running on a Single System

Think enterprise resource planning (ERP) solutions are just for big companies? Think again.

According to Aberdeen, 96% of best-in-class growing businesses – the top 20% of performers – have implemented ERP solution. That’s a huge percentage – enough to consider ERP systems mission critical to the success of high-growth small and midsize companies.

And when you think about it, ERPs geared for SMEs make perfect sense. You have the same kinds of processes to support as large firms: procurement and logistics, manufacturing, customer-facing processes like sales and support, finance, HR, and more. You can either manage all of this with systems that can’t interact with one another, can’t track business processes, that can’t generate the accurate data you need to understand business performance – or you can simplify with an ERP.

Simplify Work – and Scale Easier – with a Single Business System

ERPs act as single business systems that centralise core business data and support core operations, processes, reporting, and more. They help organisations of all sizes to face their challenges and as a single business system, they support visibility, efficiency, and decision-making. At the same time, they make work faster and easier with automation, seamlessly integrated processes, and easy access to accurate, trusted data.

Take the Business One solution from SAP, for example. The software application integrates all core business functions across your entire company, including financials, sales, customer relationship management, operations, and inventory.

And the benefits, based on surveys of executives at growing businesses with ERPs, are significant and directly related to business growth. For example, they’re seeing:

  • 11% reductions in operational costs
  • 10% increases in profitability in just two years
  • A 48% likelihood that they have real-time visibility into the status of all processes (compared to 6% without an ERP)
  • A four-fold increase in their ability to forecast and plan for demand
  • 633% greater likelihood that they can share data with suppliers, customers, resellers, and regulatory bodies
  • 77% likelihood that they can standardize back-office processes (compared to 22% without an ERP)

In addition, best-in-class growing businesses reportedly can easily find and use the data they need, no matter where they are, to make fast, agile decisions; Aberdeen research shows that ERPs reduce the time it takes to make decisions by 36%! Why? Because the processes ERPs support work from and contribute to a single source of truth to support visibility, efficiency, and decision-making.

Have you thought about running your business on an ERP? Or are you still using point or stand-alone solutions for finance, customer management, HR, and other core operational areas?

I guess the real question is, given the competitive edge that ERPs provide – and their ability to make work and life easier in a small or mid-size business – can you afford not to move to an ERP?

Want to find out more? 

Call us on 01244 676900 or email enquiries@signum-solutions.co.uk

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SMEs Are Reaping the Benefits of Simplification

According to a recent Knowledge@Wharton paper, the need for business simplification has never been more urgent. Even small companies are having to become more global, outsource parts of their operations, create digital businesses that serve many channels, and meet complex tax and compliance requirements.

It’s imperative that as they grow, small and midsize companies fight the natural tendency to create complex business processes that will only bog them down, limit transparency, and rob them of the agility needed to meet demands for change. Because once these processes are in place, they are difficult and costly to unravel.

The most successful high-growth companies are forging a better path – one that will allow them to stay agile, scalable, and responsive, regardless of how big they grow.

As noted in an Economist Intelligence Unit paper, “Scaling SMEs: Building a flexible platform for growth,” many are choosing to deploy business software that supports connected, automated processes and full business transparency. And they are reaping the benefits of simpler, leaner, more efficient operations, even as they grow.

For example, to work more effectively with partners, gain transparency, and support continuing growth, many small and midsize SAP customers are deploying integrated enterprise resource planning (ERP) solutions. An ERP solution can enhance operations in ways that improve the quality, consistency, and on-time delivery of products and services. It can also provide greater visibility into purchase orders, resulting in better inventory management, data access, collaboration, and customer service. And as a result, these organisations can stay ahead of the competition – both now and in the future.

And other firms are combining an ERP solution designed for growing companies with the SAP HANA platform and analytics in order to accelerate core processes; make faster, more informed decisions; stay ahead of customer demand; and maintain a competitive edge.

These examples aren’t hypothetical. They are reality today for thousands of small and midsize firms who are realising huge returns on their investment in SAP software as a platform for growth. For example, customers have reported:

  • 67% faster monthly accounting and closing cycles (from 6 to 2 days)
  • 2–3 day reduction in days sales of inventory
  • 60% increase in operational efficiency
  • 10% reduction in operational costs
  • 67% improvement in on-time shipping to consumers
  • Automated data entry and credit card processing that saves 40–80 hours per week)
  • Vastly shorter timeframes to train new employees

These kinds of improvements are a direct result of running simpler on business software that centralises, automates, and streamlines information and processes.

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