8 Reasons Why Your Business Needs An ERP Solution

Does your business have an ERP solution (Enterprise Resource Planning) solution in place?

Most businesses could benefit from a more effective way to manage their business activities. An ERP is a software solution that manages the key parts of your business, including but not limited to sales and marketing, manufacturing, logistics and accounting. It provides you with a holistic picture of your business in real time, allowing you to make better decisions.

It can be used by every department in a business (sales, marketing, logistics, accounting) and ensures that everyone is using the same information. As well as this it provides you with flexible reporting and analysis tools that can be tailored to meet your needs.

Here are 8 Reasons Why Your Business Needs An ERP Solution

1.An ERP solution improves the accuracy of your business processes

A key advantage of an ERP system is that it helps reduce the likelihood of errors occurring in your daily operations. This happens in a number of ways:

Automation reduces the need for human intervention

The more automated your business becomes, the less you have to depend on humans for every step of a process, from receiving an order and placing it in your warehouse to processing it and shipping it out via courier.

This helps free up time so you can focus on growing your business and making sure you’re meeting customer needs.

Less manual data entry and processing reduces the probability of mistakes being made

One of the greatest advantages of an ERP system is that it reduces the need for manual data entry. For example, when a product is sold, orders are sent to the warehouse and inventory levels change automatically. This means no one has to physically enter the order details into another system, thus reducing the chances of human error occurring.

Improved consistency reduces the risk of confusion resulting in something going wrong

Because all information is collected in one place, there are less opportunities for confusion to occur.

A good ERP system ensures that all users have access to the same information at the same time, so there’s no risk of someone working from an out of date document or spreadsheet which can result in mistakes being made.

Greater accountability and traceability results in issues being fixed quickly and reliably, reducing their impact on business activities

With an ERP system, every action is recorded for auditing purposes. As such, if something does go wrong, it’s easy to identify where and when the issue occurred and fix it quickly and efficiently. This is particularly useful if you’re part of a large business with multiple people working on the same area at once.

Increased transparency improves efficiency, resulting in fewer wasted resources, which in turn means less opportunity for error to occur during workflows

Data entered into an ERP system is forwarded to all relevant departments as part of the workflow process.

Instead of having to send information from department to department — which can result in lost data or delays — it’s automatically sent wherever it needs to go, resulting in a more streamlined user experience and less room for error.

As users gain access to more accurate and up-to-date information, they are better able to make decisions. This means fewer mistakes and increased productivity across the board.

Automation reduces manual data entry, and therefore the chance for human error (like data entry mistakes). The more automated your processes, the more accurate your outputs will be.

2. An ERP system gives you insight into your business and helps you make informed decisions

As a business owner, you probably have a good idea of the state of your company. You know how well it’s performing, where its strengths lie and where there might be room for improvement.

But to truly understand every aspect of your business, you need access to more data than you can get by only looking at the big picture.

An ERP system gives you access to all your data, from accounting and inventory management to HR and manufacturing.

It can also give you insight into how much revenue certain projects generate, what your sales cycle looks like and whether or not you’re charging enough for particular products or services.

With this information in hand, you’ll be able to make better decisions about how to run your company—and that means greater profitability over time.

3. An ERP solution increases productivity by automating workflows and reducing repetitive tasks

Today’s business owners should understand that the way people work has changed.

With more and more employees working remotely, having an ERP solution in place that automates workflows and tasks can help ensure that productivity is maintained.

ERP systems help employees perform their daily tasks more efficiently. They reduce the time spent doing repetitive tasks, reduce errors, and improve the overall quality of work being done by ensuring employees have a clear understanding of what needs to be completed each day.

ERP systems can also often be configured to automate complex tasks as well such as data entry and data analysis.

4. An ERP system makes information accessible for all users

How often does a business have to deal with an employee asking for something that is already stored somewhere in the company, but the employee has no idea where it is?

This time can quickly add up to hours or days of lost productivity. With ERP software, employees are able to access information from anywhere within the company, streamlining workflows and creating increased efficiencies.

Employee access is also important because collaborating across different departments becomes much easier.

A streamlined process allows everyone involved in a project to move at the same pace and know what everyone else on the team is doing.

And finally, having one central source of information (rather than data being spread out over multiple systems) leads to fewer errors and helps create a more transparent business culture.

5. An ERP system integrates all aspects of your business, from accounting to inventory management to customer relationship management

Each year, businesses have to file their tax returns, which may be a daunting task for a small business owner.

Imagine having to craft an onerous document in a language you don’t fully understand. Imagine that document being the tax return of a company that deals with every aspect of running your business: inventory and sales figures for one department, payroll for another, shipping and receiving for yet another.

So, imagine what it would look like if all of those departments were able to communicate more freely with each other—and whether all the information they were gathering was being processed correctly.

Enter an enterprise resource planning (ERP) solution: software designed specifically to consolidate data from multiple sources into one database and make it easier to access and manage once all the data is there.

An ERP solution reports directly into your accounting system so that your financial team can actually work with real-time data instead of trying to guess at what’s going on in your day-to-day operations.

This kind of clarity leads to better goal setting and faster decision making—both useful tools when running a business as busy as yours.

6. An ERP solution allows you to access real-time reports

Your business is your baby. It deserves the best! And an integrated, real-time reporting system provides that.

With an ERP solution in place, you can access reports without having to access multiple systems or logins and you’ll be able to track all of this data from any location at any time.

Integration between all applications allows you to gain insight into your business and make informed decisions that will get better results and improve your business, which will ultimately benefit your customers.

7. An ERP system reduces the total cost of ownership for software and hardware

One of the biggest advantages of an ERP system is that it reduces the total cost of ownership for software and hardware when compared with other systems.

Since most businesses already have multiple systems in place, the cost of switching to an ERP system is usually less than the sum of all the separate systems that it replaces.

And the savings are even greater when you factor in that some ERP systems require less complex and expensive infrastructure to support them.

Overall, ERP systems are a practical solution for businesses in many industries. The ROI for an ERP system is high over the long term and any small start-up business can afford an ERP system.

8. An ERP solution facilitates a transition to the cloud

There are many benefits to be enjoyed from cloud computing, and an ERP system is a great way for businesses to make the transition.

It eliminates the need for on-premise software and hardware

One of the greatest benefits of using cloud storage is that you no longer have to store data on your own hardware; it’s all stored in the cloud. That means no expensive servers, server racks, security systems or air conditioning units—just maintenance costs and monthly subscription fees.

It reduces staffing needs

When software and hardware is installed on-premise, the company has to hire employees to work in that area of the business.

With a cloud system, there is no need for this department, which frees up payroll funds and allows you to use them for other areas of the business that will generate more revenue.

An ERP-based solution will allow businesses to do more with less by replacing manual processes with more automated operations.

It allows employees access information from anywhere they can get online access

One of the benefits of using an ERP system is that it lets employees stay connected with each other and access information from wherever they have Internet access.

This makes it easier for them to complete tasks and respond quickly when customers call or send communications via email, etc.

Employees can complete tasks and access information through an ERP application online instead of being restricted to their workstations or having to return there after hours during offsite meetings or visits with clients.

There are a lot of things to consider when choosing an ERP system for your business. But we hope this article has made clear the benefits that an ERP system can bring you, and what it can do for your business.

With an ERP system you will be able to make better decisions, as well as saving money on operational costs and improving productivity. An ERP system will help your business grow and provide a great return on investment.

So if you’re thinking of making the move to an ERP system, why not get in touch and we can help you on your journey.

 

A Business Management System is a Smart Investment for your Business

Many businesses are learning that switching to a business management system is a smart move. The main ‘go-to’ for business management is an ERP solution, but even if you’re a small business, implementing an ERP system might seem like a daunting task.

If you’ve been considering making the switch, here are 10 reasons why you should take the plunge:

1. Increased revenues

The best business management systems provide deeper visibility into what is happening in your business. From a dashboard, you can see all of the critical information for every department, quickly and easily. You also get better insight into sales data like lead origins, close rates, average order values and more. As a result you can do things such as analyse your entire sales cycle or forecast with greater accuracy.

You also gain inventory visibility to make better decisions about how much to keep on hand and when to reorder products. And the automated order processing means that you have instant updates on orders from customers and suppliers so that nothing slips through the cracks!

2. Improved data accuracy

In addition to streamlining your business processes, a single source of truth for your data also means improved data accuracy. This is important for a few reasons. If you can’t trust the information that’s being handed to you, how can your employees make accurate decisions? Even more importantly, how would customers feel if they found out that their data wasn’t being handled correctly?

As well as resulting in the loss of employee confidence and trust from your customers (and this could mean losing customers altogether), a business management system can help to improve the accuracy of your own internal financial reports and forecasts.

Quicker, more accurate reporting means faster access to decision-making information which will lead to better decision making – an essential tool for any HR manager or leader.

3. Improved customer satisfaction

Strong customer satisfaction is a key indicator of a healthy company. An ERP system can help improve your customer service capabilities by making it easier to track and fulfil orders. For example, if you’re able to quickly pull up each customer’s order history and delivery status, you’ll be able to resolve issues more efficiently. Plus, it will be easier to maintain high quality service across multiple locations. The result: happier customers who are more likely to return again and again.

4. Increased operational efficiency

When you think about a successful business and what sets it apart from the others, what comes to mind? Good products or services? Excellent customer service? Perhaps an optimal location that gets plenty of foot traffic?

While all these things are important, they only get you so far. When it comes down to it, the most successful businesses are the ones that are able to operate as efficiently as possible. And one of the easiest ways to do this is with an ERP solution.

ERP allows businesses to manage their operations more effectively by organizing every aspect of their enterprise into one system. This means no more worrying about how well your employees in different departments are communicating with each other; ERP will take care of that for you.

5. Increased employee productivity

A business management system is designed to increase the efficiency of employees, saving them time on administrative tasks, improving their access to information and allowing them to collaborate more effectively across departments.

This is especially important for businesses that operate in remote or virtual environments where most of the workforce isn’t in an office every day.

ERP systems can also help with worker retention, as employees have a greater ability to work remotely and stay connected with your team.

6. Improves efficiency

Because everything is combined into one system, you don’t have to waste time switching between different platforms and applications to get things done or find the information you’re looking for.

You also don’t have to worry about getting disconnected from your network when you leave the office because you can access your business management system remotely via a mobile device or computer with internet access!

When all the pieces are tied together, you can quickly and easily see where you are losing time and money. You can streamline processes to make your business more efficient, which of course saves you money in the long run.

7. Improves expansion potential

If you are considering acquiring other businesses or expanding into new markets, having an ERP solution in place simplifies these processes by allowing you to integrate your new business units quickly and effectively into your existing operation.

8. Improves sustainability

Because all of your departments can easily see each other’s operations and input information directly into a shared platform, you can be sure that the right people are getting the right information at the right time—and therefore make better decisions about how to run your business.

So, if disaster strikes one part of your operation, the rest can still function effectively—and therefore survive!

9. Increased security

often companies that use disparate systems have many ways for unauthorized people to access their data; an ERP solution streamlines access so you don’t have quite as many holes that need patching! An efficient system also reduces human error, which is a common source for data breaches and lost information.

10. Improves your business processes

Consolidation of data is one of the primary benefits of an ERP system. Instead of each department having its own spreadsheets, documents, and systems, all the information is combined into one place, where everyone has access as necessary, but not more.

This means that employees can easily share resources and collaborate on projects because all the information they need is in one place.

Spending some money now on an Business Management Solution will put your company on the path to growth and profit and prepare it for the years ahead.

ERP solutions can help any business, large or small, but the biggest benefit comes when they’re obtained as soon as possible while a company is still small and nimble enough to implement them effectively.

ERP is most effective and helpful to a company this young if it buys the right software solution for its size and industry.

An investment in ERP today could save that company from having to purchase more powerful software several years down the road, which can cost more and be much more frustrating to implement.

The sooner you move forward with an ERP system, the better for your business’ future.

Choosing SAP Business One from Signum helps you connect every person and process – from finance and expense reporting to procurement and inventory – into an integrated method that can scale efficiently, control costs, manage compliance and help your team make the quick decisions required to run your business your way.

 

Defining an ERP System

ERP is a comprehensive business management system that allows businesses to manage and automate many of their back-office functions related to technology, services, and human resources (People, Processes and Technology)

The acronym “ERP” originally referred to the phrase “enterprise resource planning,” but it’s become less specific over time. It encompasses a broad range of activities for integrating the business processes of an entire organization, including planning, purchasing, inventory control, sales, marketing and finance.

ERP systems help organizations integrate data across departments and gain better visibility into their operations. They also let companies increase their productivity and improve customer service.

Large corporations have used ERP systems since the 1990s to streamline their operations. Today they’re also widely used by small businesses with simplified offerings that are easier to set up and customize than those designed for large companies.

Benefits of an ERP System

There are many benefits to an ERP system. The right ERP solution can help:

Reduce costs by improving processes and reducing errors

An ERP system provides a tool for every department in your company to use every day. By adding quality checks into the process, you’re able to reduce errors and improve processes across the board.

For example, if a salesperson enters an order incorrectly, it will be caught in the order entry process and addressed before it’s processed.

This reduces errors that can cause costly mistakes down the line (like shipping the wrong product or quantity) and improves your bottom-line results.

Increase profits by improving efficiency

As a business grows, you must have systems in place that allow employees to do their jobs faster, better and cheaper than your competition.

An ERP can help you streamlining processes, which can save you money, but it also means you can get products manufactured faster, fulfil orders faster and improve turnaround times so you can get more customers through your doors in a day (if it’s a retail business) or take on more projects per month if it’s a service business.

Improve customer service with a single view of your customers’ needs and requirements

ERP systems provide a central repository for key information on your customers, including their purchasing history and preferences. With this information, you can quickly tailor a response to a customer need, which helps you maintain customer satisfaction and loyalty.

Improve the efficiency of your marketing efforts

Instead of sending out mass mailings to all the people on your mailing list, you can use an ERP system to create targeted campaigns based on information about the recipient’s needs and purchase history.

For example, if you sell computers via your website, you can use an ERP system to send out specials on laptops only to people who have purchased desktops from you in the past and who have purchased upgrades in the past two years.

This approach uses less postage than mass mailings and targets only those most likely to be interested in buying what you’re selling.

Streamline processes by integrating the work flow in your company

You’ll be able to follow specific transactions and access data whenever you need it. An ERP system also allows you to quickly identify trends and make more informed decisions.

Various software programs combine vital applications like order entry, inventory control and accounting into a single system.

For example, when an order is placed, the ERP software can automatically update inventory records for each item in the order, create a sales invoice and post a journal entry to reflect the sale.

This automated process eliminates manual inputs, which reduces the risk of errors and increases efficiency.

Provide better reports and access to information that helps you make decisions more efficiently and effectively

ERP systems can also provide better reports and help you get better access to the information that you need.

Instead of having to pull data from multiple sources or manually enter numbers into a report, ERP systems can often help you quickly generate reports that contain real-time information that helps you make decisions more efficiently and effectively.

Control Costs Effectively

Some ERP systems also offer tools that help you control costs, such as production scheduling tools that help you minimize downtime and avoid bottlenecks in manufacturing plants or inventory tracking tools that let you track which products are selling well so that you can focus on keeping those products in stock.

What Will Enterprise Software Look Like in the future?

Enterprise Resource Planning software is a rapidly evolving landscape. Today’s ERP software packages can do amazing things, like provide real-time data analytics to help you make better business decisions. But where will ERP be in the future?

The next generation of ERP will take things a step further. Instead of real-time analytics, it will be predictive: it will use machine learning to predict what your best business decision will be before you even make it.

If you have an idea for a new product, ERP software with predictive analytics could tell you exactly how much it would cost to produce, who your target market is, and the best place to advertise—all without any human input.

As our computers get smarter, so does our technology. It might be hard to imagine now, but one day we’ll look back at today’s technology as primitive. The enterprise resource planning software of the future will be so advanced that we’ll just take it for granted—like how we take electricity for granted today.

The future of ERP, at a glance:

  • Today’s enterprise software applications are built on foundational analytics, but the next generation will move to predictive analytics and AI.
  • The future of ERP will be more integrated with other digital technologies such as IoT, machine learning and blockchain.
  • Digital technologies have made it imperative for ERP systems to be intuitive and user-friendly. Otherwise employees won’t use them.
  • In the future, ERP solutions will be more specialized to deal with specific business challenges rather than run end-to-end processes across the company.
  • As mobile usage continues to rise, ERP solutions will become even more mobile-centric in the near future.
  • Security is a key concern for any enterprise software system that stores sensitive data. Next-generation security features are expected to offer even greater protection from cybersecurity attacks on data flows and networks

Cloud ERP or on-premises ERP software?

With more and more businesses choosing to move their IT infrastructure to the cloud, it’s no surprise that enterprise resource planning (ERP) software is following suit. But just because cloud ERP systems are becoming more popular doesn’t mean they’re right for every business.

There are certain situations where on-premises ERP systems make better sense. And each has its own pros and cons.

Cloud ERP: In their early days, cloud ERP solutions were often perceived as more expensive than on-premises ones. Today, however, SaaS ERP can be more cost-effective for small businesses that are just starting out or don’t have enough IT resources to handle an on-premises solution. With SaaS, your monthly costs are predictable—and they’re easy to scale up or down as your business grows.

On-Premises ERP: This is the more cost-effective option for businesses with established IT teams and large budgets. If your company is planning to grow significantly in the next few years, it might make sense to invest in an on-premises solution and plan for growth accordingly.

When choosing between a cloud ERP or on-premises ERP, consider the following:

  • Flexibility: Cloud-based solutions allow more flexibility than on-premise software, with lower upfront costs and faster implementation.
  • Capabilities: Cloud ERP is more scalable and easier to customize than an on-premise solution. This can be a huge advantage when your business needs change.
  • Security: Cloud data centres are often more secure and better protected than most on-premise systems. However, you’ll want to assess your specific needs to ensure you’re getting the right level of security for your business.
  • Reliability: With cloud ERP, you don’t have to worry about backing up data or maintaining system uptime because this is handled by the vendor instead of in-house IT staff. Your files will also be accessible from anywhere with an internet connection so that you can stay productive no matter what.
  • Mobility: Employees can access information in real time using their mobile devices—no need to lug around laptops or wait until they get back into the office to sync with servers and update documents!

ERP is ever evolving and becoming more complex to tackle business challenges

ERP has evolved from a back-office software application to become the enterprise backbone of modern businesses. Today, ERP is being used for many things, including digital transformation and intelligent enterprise initiatives.

ERP providers are now offering more flexibility with their applications to ensure that users can make the most out of industry 4.0 concepts such as data-driven decision-making and real-time analytics.

The future of ERP is no longer just about accounting, inventory management or payroll—it’s about evolving your company and becoming more efficient with your business processes in order to succeed in today’s competitive market.

At Signum Solutions, we’re excited about where ERP is headed. We believe that the future of ERP is more flexible and complex, allowing for deeper customization and application of new technologies.

Whether we’re helping a client get up and running with a new ERP system or optimizing the one they already use, we believe that the future of ERP will continue to evolve as businesses do—and we’ll be there every step of the way!

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.  

Cloud-based SAP Business One: Is it the right choice for your business?

For many businesses, especially small ones, the cloud is often seen as the great unknown. But this shouldn’t be the case. In fact, with a cloud-based SAP Business One solution you can get a host of benefits that are great for your business.

In the past, if you wanted to run an ERP solution like SAP Business One, you had to buy and install all of the hardware in your office and then host the software yourself. The problem with this model is that it is time consuming and resource intensive and can be expensive.

If your company has multiple branches around the country, or even around the world, then you need a server for each location. This means that you need more than one set of servers, and a whole lot of IT support.

The key benefit of cloud-based SAP Business One is that it makes it easier for companies with multiple locations to centralise their business processes and improve efficiency. This means that all employees can access real-time information from a single source rather than having to log in to multiple systems to get what they need.

Technology moves forward at a fast pace, and business software cannot be left behind. SAP Business One is no exception. It’s easy to see that cloud-based ERP solutions are the future of how we will be running our businesses, allowing for scalability, easier upgrades and constant connection to the latest technologies.

The biggest advantage of cloud-based SAP Business One is that you will be able to tap into new technologies such as IoT, machine learning, and artificial intelligence.

IoT allows for your mobile employees to access critical data when it’s needed through a smartphone or smartwatch.

Machine learning and artificial intelligence will help you improve the accuracy of data and make business decisions faster than ever before.

For many businesses, moving their solutions to the cloud is a top priority. After all, if you want to grow and thrive in today’s economy, you need to be agile and flexible, and this means making the most of the latest technology.

However, despite the advantages gained from having access to new technology, many businesses are still hesitant when it comes to changing its current solution.

This is because some companies believe that moving their business-critical application to the cloud will slow down the performance of its core functions.

Although old school companies might get stuck on trying to find the perfect hosting infrastructure for their SAP Business One, installing your system on a managed cloud environment is one of the best reasons of all to migrate to harness new technologies such as analytics, mobility and artificial intelligence.

These new innovations help you take your business to the next level by making it more efficient and profitable. With the power of these technologies at hand, you can easily improve customer experience and increase revenue.

Moving from on premise to cloud may sound more technical than it really is. But if you’re thinking about moving your SAP Business One solution into the cloud or considering implementing SAP Business One in your business, there are several key benefits to consider.

Here are some key reasons why you should embrace a cloud-based SAP Business One solution:

Scalability & Flexibility

A cloud-based SAP Business One solution can grow with your business as you’re only paying a monthly fee for the service you need, when you need it.

This gives you the flexibility to scale up and down as your needs change without any upfront investment in hardware or software. Meaning, that you don’t have to pay for resources that you aren’t using which makes the cost more predictable and manageable.

The providers of cloud-based solutions can scale their resources up or down depending on demand. This means if you need more space than you originally signed up for, you don’t have to invest in expensive hardware upgrades – simply ask the cloud provider to scale up its resources.

Cloud based sap business one security

Increased Productivity: Access your data anywhere, anytime

The biggest benefit for many businesses is that you can access your data anywhere, anytime. All of your data is stored securely in the cloud so that you can access from any device with an internet connection.

This is particularly useful for businesses with multiple offices across the country or those with employees who work remotely. By moving to the cloud, you can be more responsive to the needs of your customers and clients as well as provide a better service.

Increased productivity with cloud based sap business one

Improve Efficiency & Save on Costs

On premise IT infrastructure requires significant maintenance and monitoring to ensure that everything is running smoothly. A cloud-based solution takes this burden away so that you can spend more time focusing on your customers and growing your business rather than worrying about servers and software updates.

By moving to cloud-based SAP Business One, you can save on costs associated with maintaining an on-premise ERP system. As it is provided by a third-party provider, you don’t have to worry about purchasing the hardware or hiring highly trained IT professionals to run it for you.

With minimal to no upfront costs, a subscription model provides greater financial visibility with predictable monthly payments, rather than one large initial outlay which is typical with an on-premise solution. This also means that your IT department can focus on other projects or tasks rather than being distracted by system administration and uptime issues.

Increased efficiency with cloud based sap business one

Security: Peace of mind

As it is hosted by a third-party provider, cloud-based SAP Business One systems are more secure and there is less chance of them being affected by viruses. In addition to this, there are several back-up systems in place if anything should happen to the primary system. This means that you don’t have to worry about potential security issues or having back-up plans in place if something goes wrong with the system.

Your data is stored in a secure data centre that is regularly monitored and maintained by experts, so you would also no longer have to worry about securing your own servers.

Cloud based ERP security - padlock

New Technology: Automation & Integration

Technologies such as IoT, machine learning and artificial intelligence allow you to automate tasks that were previously manual and time consuming, streamline processes and predict customer behaviour based on data analysis.

You can use this information to personalize content, anticipate customer needs and deliver more efficient service — all of which improve customer satisfaction and help you stay ahead of the game

These technologies are rapidly becoming a cornerstone of enterprise applications, and they could play a major role in the future of your business.

You’ll have access to a new world of opportunities, and you’ll be able to move faster than your competitors. That’s why there’s never been a better time to consider cloud-based SAP Business One.

New Technology: IoT - Automation & Integration

A successful business is one that uses technology to its advantage. You can learn more about how our customers are using cloud-based solutions by reading our customer stories here.

We know that the value of your company isn’t in the software you run, it’s in what you do with it. A cloud solution allows you to focus on growing your business rather than spending time and money on maintaining it.

If you are unsure whether it’s time for a change, it’s worth speaking with on of our advisors who can assess your needs and advise you on whether SAP Business One in the cloud is the right choice for your business.

Why SAP Business One is the Best Chemical Manufacturing ERP

People do everything they can to make their life easier. In business, it’s no different. Technology offers different kinds of software and applications that can help your business grow. Chemical manufacturing is no longer just still water and chemicals – it’s also moving forward into some hi-tech areas. Chemical manufacturing ERP is at the forefront of technological advancements and to be successful, you must go with the flow.

In today’s fast-evolving business environment, the concept of staying competitive is almost synonymous with the need to adapt to change. In order to stay at the forefront of competition, businesses are constantly faced with the challenge of adapting to new challenges, challenges that demand constant innovation and an ability to adopt newer technologies.

Trying to balance this constant call of innovation and adaptation along with the need for maintaining a smooth day-to-day operation of a business can be a tricky task. This is especially true for those companies that operate from a multi-location or are involved in complex manufacturing processes.

In such cases, it becomes imperative for businesses to ensure that all their operations including production, sales and distribution, as well as supply chain management are carefully streamlined in accordance with business needs and goals, while accounting for all possible contingencies including changes in market conditions, external factors and so on.

One area where businesses have often struggled when trying to keep up with the pace of change and evolving market needs is in their IT infrastructure. Often companies end up having multiple point solutions that work independently and do not help them achieve their strategic business goals. In fact, this can often result in significant wastage of resources, creating a situation where it becomes difficult for companies to achieve maximum ROI.

The chemical industry is one of the most prominent industrial sectors in the world. From petrochemicals and pharmaceuticals to fine chemicals, the industry deals with multiple products and uses. Along with it, comes multiple tasks that need to be done on a regular basis.

As the sector continues to grow, businesses are looking for ways to efficiently manage their activities and operations. With automation and digitization making significant inroads, business owners are looking for solutions that can unify their business functions.

With an enterprise resource planning (ERP) system, chemicals companies can automate and optimize processes that affect nearly every aspect of the business.

Here are a few examples of how an ERP system can help chemicals companies:

Chemicals companies manufacture products that are used by industries such as energy and engineering. An ERP system helps these companies to plan their manufacturing schedules and then tell them when they will deliver the products to their customers. The system also provides information about the status of orders as well as delivery date and time.

Inventory management is another key feature of an ERP for chemicals companies. In this case, the system tracks movement of raw materials and finished goods in real time, which means that you know when your inventory levels become low and need replenishing. This streamlined process eliminates the guesswork involved in managing inventory, thereby helping the company to make better decisions regarding inventory supplies.

A vital aspect of any business is customer satisfaction. If a company fails to provide its customers with high-quality goods and services at competitive prices, it risks losing those customers. An ERP system is essential for tracking customer data, capturing customer feedback and maintaining customer relationships throughout the entire sales cycle.

SAP Business One is one such solution that can provide the much-needed centralization and integration for your business processes.

Let’s look at why SAP Business One is the best fit for the chemical manufacturing industry:

SAP Business One ERP offers a wide range of features that helps in solving the most common and challenging problems faced by Chemical companies, some of them are listed below:

Compliances to Government Regulations

SAP Business One has a wide range of features that helps in complying with different government regulations and standards regarding manufacturing, inventory tracking and quality control.

Batch/lot Wise Inventory Management

With SAP Business One, you can track your entire inventory in batch wise and lot wise. You can also manage the quantity of materials used in production process at each stage and control the inventory level of your finished goods.

Formula Management

SAP Business One allows you to store all formulas used during manufacturing process along with their formulas allowed value (FAV) or maximum allowable quantity (MAQ). This makes it easy to track any changes made to a formula while also ensuring its compliance with quality standards.

Cost Accounting for Products and By-products

SAP Business One has features that help you determine the cost associated with producing each product enabling you to increase your bottom line.

Supply Chain Management

The software handles stock management, manufacturing planning, order processing, transportation management, shipping and receiving requirements, warehouse management etc., which are crucial aspects when it comes to managing supply chain effectively.

Business Intelligence

You can easily access the information related to inventory levels, sales performance etc., based on your business needs by using reports and dashboards. It helps you get the right information at the right time.

The SAP Business One solution is ideally suited to the Chemical Industry as, in a nutshell, it allows companies to:

  • Efficiently manage their production schedules.
  • Control their manufacturing process.
  • Get real-time information on the chemicals that are being produced.
  • Improve quality control.
  • Understand how much raw material is required in various steps of production.
  • Quickly identify bottlenecks in the production process.

  • Produce reports on product formulas by batch.
  • Comply with regulatory standards
  • Reduce costs
  • Improve customer service
  • Enhance business performance

As far as ERP systems go, SAP Business One seems like an optimal choice for chemical manufacturing companies looking to run their entire business on a single platform. It’s affordable and customizable, flexible down to the core, and suited for the needs of chemical manufacturing enterprises, which will benefit from a host of useful features

In conclusion, if you’re currently using a chemical manufacturing ERP, it’s time to take a deeper look at SAP Business One. As your business grows and expands into global markets, you’ll have everything you need to create innovative solutions for your customers based on digital manufacturing and Industry 4.0 technologies.

Are you ready to take your digital transformation a step further? Then contact Signum Solutions to learn more about how our software can impact your business growth.

Food ERP – Fuelling Your Business

Food ERP software has been growing in popularity over the last decade as the need to reduce the time spent on petty tasks, maintain regulatory compliance and ensure food safety have become more attractive.

Today’s leading food and beverage professionals need a platform that provides them with valuable insights into their business. And they need it all in an easy-to-use form at the push of a button so they can quickly respond to the largely unfixed challenges of this demanding industry.

Food and beverage can be one of the most complex industries. The food and beverage industry is intricately wrapped up in product design, production, marketing, business management, finance and much more.

In order to fuel the progressive engines of your business, you will need a specialized ERP platform that can manage all these processes seamlessly together so they work in perfect harmony to fuel your business from the inside out.

You’ll find a comprehensive guide in this article that will teach you everything you need to know in order to begin leveraging a food and beverage ERP for your organization today!

What is Food ERP?

Food ERP stands for Food Enterprise Resource Planning, which can be roughly translated into English as “food ERP allows food manufacturers to better satisfy customers and increase profitability amid an unpredictable market.”

A food ERP system is a suite of integrated software that manages and analyses all aspects of your business, from manufacturing and storing products to production and sales. It allows you to streamline processes, implement new technologies and optimise managers’ effectiveness so everyone has accurate, up-to-date information at their fingertips. Food ERP solutions collect data from anywhere in the supply chain – from your factory floor to your checkout point.

Food ERP solutions provide businesses with everything from your shipping and receiving, offset label design and printing all the way through to tracking inventory and managing point of sale transactions. This type of system enables you to digitize and automate every process in the supply chain so you can scale your business 24/7. Through its data-analysis capabilities, food ERP also allows you to gain valuable insight at every step in the process so you can align your operations to increase efficiency and product quality—fostering a culture of quality that boosts attention to detail and customer satisfaction.

Who can benefit from a Food ERP solution?

Food ERP solutions are great for businesses of all sizes, including but not limited to fresh produce, meat and seafood, dairy, bakery, confectionery, sauces and dressings, spices and ingredients, frozen and prepared packaged foods and all beverages.

There’s no doubt that ERP systems help businesses achieve their strategic objectives. However, if you need to get on board with an ERP solution, whether you’re a growing SME or a midmarket company with hundreds of employees, you’ll quickly realise that there is no substitute for experience in this field.

Food ERP software has been developed by industry experts with years of experience implementing and running successful solutions…which means that your food ERP system will have all the bells and whistles you need to maximise productivity and profitability.

Signs you need a ERP solution

One of the biggest reasons small food and beverage businesses often fall short in efficiency is because they don’t have an efficient way to track their business data. Having an electronic system to manage your records keeps things straight, helps you make faster decisions, and allows you to focus on focusing on what it is you do best – running your business.

If your business is encountering any of the following issues, then you should put a food ERP solution in place:

Poor customer satisfaction

If your product quality is slipping or shipments are delayed or missed, you’ll lose customers. If you don’t have the right data, you can’t find out exactly why things are broken, and what needs to be fixed

poor customer satisfaction

Decreased sales

Low sales productivity and lack of motivation can hinder your ability to achieve your company’s objectives and implement the necessary processes. Salespersons need an efficient and effective resource that provides all the data and resources they need—data that is readily available, delivered in an ERP solution.

Food ERP dashboard Sales chart

Data discrepancies

When the answers to critical questions are different depending on where you look and who you ask, there is a problem.

Data chart

Low yield, high waste

If your company’s core process is producing less value than it should, there are likely inefficiencies. You need to zero in on the root causes and make sustainable improvements.

Food ERP blog Recycling logo

Lack of demand forecasting

Without forecasts, you can be forced to deal with unsold products that will go bad. Without forecasting done ahead of time, you’ll face the same problem repeatedly.

Food ERP Demand Forecasting

The longer your company relies on outdated processes, the further behind you will fall. If you use outdated methods, you’ll have trouble keeping up with other companies and will lose the attention of your customers

Benefits of Food ERP

If you put a food ERP system in place at your food and beverage organization, it will allow your employees to carry out their responsibilities with precision, in alignment with your key initiatives.

Here are some of the benefits of implementing a food ERP in your business:

Higher yields

Food ERP helps you maximize the efficiency of your production lines. In practical terms, this means running more of what you’re making and working on less of what you aren’t. Food ERP lets you take control over recipe creation and item utilization to gain a greater focus on maximizing product yield rather than amassing hours spent managing manufacturing schedules.

Better consumer experience 

It will give you more visibility into key metrics, which should make it easier to produce consistent, high-quality products.

Assured regulatory compliance 

your business must meet the latest of food safety regulations. Successful ERP solutions can track all of your processes, ensure your food always meets your customers’ expectations, and give you the extra capacity you need to do all that.

Excellent food safety and recall readiness 

ERP makes it easier to track and manage your inventory, and that means you can quickly and effectively create and manage a recall so you can avoid losses from accidental spoiling.

Streamlined processes 

More than 90% of food companies use automated processes. Use automation to simplify workflows and accomplish more in less time. Automating your processes can reduce human error, increase productivity, and result in cost savings.

Greater efficiency 

Identify the shortcomings of your processes and correct them with robust data.

Why choose SAP Business One as your dedicated industry ERP

SAP Business One Food and Beverage Industry Edition is a powerful, full-featured solution that’s especially designed for food and beverage companies. It also simplifies the design and operations of these companies by streamlining tasks, centralizing data, and eliminating unnecessary time-consuming processes.

SAP Business One is the ideal platform for food, beverage, and produce companies that need to carry out food safety programs. With powerful inventory controls, warehouse management, and recall features, SAP Business One helps operations run simple and boost profits.

SAP Business One also helps ensure food safety by processing critical data, organizing parts of the supply chain into standardized processes, identifying threats to food safety, and making senior executives aware of all of this information

Get your business growing with SAP Business One

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.

Ready to learn more?

Download the info pack below or get in touch for a personalised demonstration.

CTA banner, Signum Solutions wholesale Infopack

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…

What are the benefits of cloud ERP?

In recent years, cloud computing has been heralded as the next big thing in technology. With cloud ERP, it’s not only the small and midsize enterprise (SME) that can benefit from on-demand software solutions. Even large companies are jumping on the bandwagon to take advantage of the benefits of cloud ERP.

There are a number of factors that businesses need to consider when creating a strategy for transitioning from legacy ERP systems to next-gen solutions. While the solution’s capabilities and features/modules may be critical, it’s also important to take time to evaluate the deployment option itself.

Cloud ERP is a model of enterprise resource planning (ERP) software deployed as a hosted service over the Internet. This generally includes the use of cloud computing resources and is often delivered as a Software as a Service (SaaS) model.

Cloud ERP is a cloud computing solution for ERP, used or accessed by users through a web browser. It is similar to SaaS ERP, except that SaaS is a subset of cloud ERP.

Cloud ERP can be thought of as a middle ground between on premise software and SaaS ERP.

By itself, the cloud doesn’t solve all of your company’s problems. But cloud ERP can reduce your up-front and ongoing costs and allow you to focus your technology resources on improving your business.

If you’re looking for a way out of outdated or underperforming legacy ERP systems, here are five benefits of cloud ERP for you to consider.

Lower capital requirements to access innovation

With traditional on-premises systems, when you invest in new technology, you pay for it up front. Then, as your company grows and requires more computing power, you often have to pay again to upgrade to more hardware.

The initial cost of cloud technology is lower than on-premise technology. Cloud-based applications can reduce upfront costs for companies that would otherwise have to invest in physical hardware and software.

Built in Disaster Recovery

Nobody wants to think about disasters happening to their businesses. But they can happen, and it’s smart to be prepared.

The latest cloud ERP software enables you to recover your business operations quickly after an interruption if your physical site is destroyed or suffers serious damage. That’s because the entire system operates on multi-geo locations, which means if one data centre goes offline due to an unexpected phenomenon, you’ll still have full access to your ERP system.

Scalability

 Scalability is a huge feature of cloud software: it allows you to grow without taking the risk of over-investing at the beginning. A lot of the time, small businesses don’t know what their future holds. They can be constrained by loyalty to an on-premises solution, which locks them into a certain number of users and upgrades that they might not need.

Automatic upgrades

Upgrading your software can be a complicated process. With traditional on-premises systems, you typically need to hire a team of IT professionals to perform the upgrades — a process that can take weeks or months.

With cloud ERP, your software upgrades automatically when new features are added. As a result, you can spend less time managing upgrades and more time growing your business.

 Fewer infrastructure costs (technical requirements)

Another benefit that keeps popping up is the non-reliance on infrastructure. As a cloud ERP solution is a web-based service, you don’t need to worry about installing and maintaining servers or software. You also don’t need to worry about setting up database connections and other technical requirements. That means you can focus more on improving your business performance.

In summary:

There are several benefits of cloud ERP with the primary benefits being scalability and cost.

  • The cloud provides significant savings in hardware, software and other infrastructure compared to on-premise software
  • Additionally, with hosted ERP, an organization can implement the vendor’s entire suite of applications. This minimizes the need to implement and integrate another application at the back end.
  • Cloud-based ERP enables greater collaboration, better communication and faster response times. Organizations can collect data in real time, which allows them to react quickly.
  • Hosted ERP moves the responsibility for maintenance and upgrades to the cloud vendor. This simplifies and streamlines IT operations.
  • With a cloud-based ERP strategy, an organization’s ERP environment has built-in disaster recovery, which means the organization can proceed through regular business operations, even during a disruptive event.

Looking for more information? Visit our dedicated SAP Business One Cloud page here

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 

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