How chemical manufacturing ERP solves industry challenges

Chemical Manufacturing ERP – the solution that combines proven technology with a flexible structure.

As an industry, chemical manufacturing faces unique challenges. You need to make important decisions fast with so much on the line. Though each chemical manufacturing business has different needs, most have similar software challenges.

Here’s how a chemical manufacturing ERP solution can meet your business challenges.

Managing the supply chain

Having a clear framework for gathering and sharing information about the entire supply chain can help you prepare for disruptions and quickly respond to changing customer needs. Using a chemical manufacturing ERP helps you prepare for any disruptions and gives full visibility across your entire supply chain.

Adhere to compliance and demand

Chemical manufacturing companies can expect to face a variety of changing regulations and customer demand. Failing to comply with global laws and regulations is a serious matter that could jeopardize the success of your supply chain, reputation, and bottom line.

By implementing a holistic view of your operation, you can be sure your supply chain is meeting all regulatory requirements in a safe, secure, and optimal manner.

Data management

As a chemical producer, you need to generate accurate reports quickly, ensuring that your business can respond to the requirements of its customers in just the right time. That is where an ERP system can help you.

Chemical Manufacturing ERP software enables companies to maintain a comprehensive, real-time view on relevant business processes and make their data more flexible and informative.

Recall and quality audits

It is really not a simple job to manufacture chemicals. Every step of that process is crucial in producing the desired product in the required quality. It deals with chemicals, which are inherently unpredictable.

Chemical companies must rely on data from operational processes accurately and capture it correctly. If they must recall products, they must be ready for it.

To be prepared for a quality audit, chemical companies must integrate traceability data across the business that should be made accessible to various stakeholders such as suppliers and customers during the

Using a chemical manufacturing ERP software solution with good controls can help lessen the burden of auditing for many organizations.

In today’s competitive business world, every business leader is aggressively searching for a way to gain an edge on the competition. One underutilized strategy is to streamline and automate your company’s information technology capabilities.

By investing in a chemical manufacturing ERP solution for your company, you can improve efficiency, reduce costs, get better data analytics, and increase overall profitability.

With access to advanced manufacturing analytics and the power of real-time data, you can stay ahead of the competition by getting closer to customer buying trends, vendor relationships, and industry regulations.

The SAP Business One solution for chemical manufacturers and distributors is an integrated industry platform. With it, you can track the entire shipment cycle—and beyond. You can also streamline many processes involved in running a business and integrating your enterprise systems. Find out more here

Reasons Why Small Businesses Should Invest In An ERP Solution

For years, many small organizations have had no need for an enterprise resource planning solution. Their needs are typically limited to the tracking of sales and financial data, as well as the provision of customer records and simple inventory management. However, the needs of a small business often change over time. As such, it is important for companies to be flexible and evolve in their approach to systems management. here we take a look at a few reasons why small businesses should invest in an ERP solution.

Small businesses often overlook ERP systems and think that the technology is only for large sized companies. However, these organizations can reap a number of benefits and advantages from using an ERP system. The following article outlines five distinct advantages that stand out above all others.

Increased Productivity & Efficiency

Maximizing productivity and enhancing efficiency is crucial for small and large businesses alike. With an Enterprise Resource Planning solution, you get the information you need to make smart, data-driven decisions.

The importance of having a right ERP solution for your business cannot be overstated. An effective ERP solution not just helps you streamline the flow of business operations but also makes important information available on demand thus avoiding unproductive effort by employees.

The hassle and manual intervention involved in accessing and utilizing the right information at the right time is saved when you have an effective ERP system deployed in your firm.

Reduce costs

Reducing the costs of your business is one of the most important goals you can have. It gives you more room for mistakes, more money to spend on marketing, branding, and recruiting, and more funds put away for rainy days! There are a lot of great ways to cut costs in your business, but one of the easiest and most effective is implementing an ERP solution.

Eliminating a large part of the administrative process is one of the common ways to reduce costs overall. With an ERP solution in place, employees are free to perform other, more profitable tasks.

Insight & Control

If you are not currently using an ERP system, chances are that your current business reporting tools do not help you to gain real insights into how your company operates and are only offering a very limited picture of the bigger picture. You may find yourself copying data from Word documents into spreadsheets and piecing them together with other sources of information in order to try and gain better visibility into important aspects of your business, such as sales, stock levels, costs and profitability.

Getting these insights into your business doesn’t just help you understand what is happening now, it also allows you to improve on future operations. With an ERP solution, you can make faster decisions, resolve problems in real-time, and improve overall operations. Knowing what is happening in every area of your business is the key to constant improvement.

Scalability and flexibility

Your small business is unique. You have different needs, resources, and goals than your competitors. That’s why it’s important to find an ERP system that supports the way you do business. A flexible ERP system gives you the flexibility to make changes as your company grows.

When your business grows, you can easily change the configuration with the help of the ERP package. And you can also add functionality to meet new requirements hence aiding businesses in their growth and expansion plans.

Better Customer Service

A major part of every small business’s goal is to acquire new customers and keep their existing customer base happy. However, most small businesses lack proper infrastructure in place to handle customer relationships efficiently and are thus losing potential revenue. Tracking customer communications when dealing with multiple orders, requests, invoices, problems, or anything else can be a tiresome process that leads to lost customers and eventually affects your business’s future earnings.

ERP solutions can help you see customer behaviour and understand when and why you lose clients. This insight helps you retain clients, get new customers, and create a culture of excellence and quality care.

Conclusion

An enterprise resource planning (ERP) solution is a business management software package that can offer numerous benefits to small businesses when implemented adequately.

While small businesses might find the initial investment costs of an ERP system daunting, the benefits to a small business on implementing an ERP solution easily outweigh the investment costs.

Rather than thinking about the cost limitations of an ERP solution, small businesses must carefully evaluate the potential returns on investment an ERP system can bring in the form of new clients, increased efficiency, scalability, and reduced costs.

Factoring in the costs of not investing in an ERP is also important. Without an ERP solution, small businesses will likely spend more on time spent maintaining their current systems, and that does not even consider lost revenue opportunities.

Download the Signum guide Tell-tale signs you have outgrown your accounting system to help you decide if it’s time for your business to invest in ERP 

Key benefits of ERP for Food and Beverage

There are a number of benefits as to why the food and beverage industry should be using an ERP system for their business.  These are a few reasons as to why every Food and Beverage company should have an effective ERP:

Regulatory Compliance and Reporting

There are numerous food safety risks that regulatory regulations are trying to control. Capturing and maintaining data involves different sets of people in your organization, especially from the production side. It’s important that you have a system that tells you how, when and where of safety-related information.

With the right software, managing food safety compliance is a breeze. ERP systems for Food and Beverage must have the capability to record real-time data in various aspects of supply and manufacturing during production and be able to store data for future retrieval.

Remaining compliant is vital to protecting your reputation, your customers, and your team members. Using an ERP solutions that’s integrated throughout your business helps to ensure communication and compliance.

Quality Management

Quality management is a crucial element of compliance. ERP systems for Food and Beverage must be able to record real-time data in various aspects of supply and manufacturing during production and be able to store data for future retrieval.

Food and beverage manufacturers must follow strict safety protocols when preparing their products for consumption. Only an ERP solution that provides real-time quality, regulatory compliance, traceability, and collaboration can ensure that these issues are properly handled.

Process Manufacturing

A food and beverage process manufacturing ERP system will help you track every step from the preparation of raw ingredients to the finished stage of production. The menu management, product tracking, portion control and factory line automation capabilities of a quality ERP system for food and beverage will increase efficiency and maximise profit. In addition, you can increase responsiveness to customer orders by improving flexibility with accurate inventory controls.

With ERP integration to the back-end operation, food and beverage manufacturers can streamline workflows, increase data transparency, and make more-informed decision at every step of the value chain.

Sales And Inventory Management

Food and beverage businesses typically also need to manage inventory in a highly complex way. Whether processing a single transaction or millions, the ERP must support the nuances of regulations concerning food safety, drink quality and control. The software must also provide advanced capabilities for managing both raw materials and finished goods across a network of suppliers and distributors.

Supply chain visibility and the proper goods-to-person distribution system are two must-have features for a food and beverage ERP solution. These functions meet both food safety standards and efficiency goals, not only in terms of time but by eliminating waste

Integrated Financials

Integrated financials are the key to successful business management. Besides providing for better informed decision-making across your business, they safeguard against unscheduled exposures and contribute to an increase in profitability.

An ERP system for food manufacturers can also include capabilities for collaborate planning, inventory management, supply chain management, and business intelligence. The food manufacturer solution in an ERP platform will typically reveal high-level data about the company’s sales figures, materials management, production levels and inventory levels to enable better decision making — for the benefit of the entire business.

Food manufacturing companies don’t have to guess when it comes to big-picture management. Proper food manufacturing ERP can provide all of the information you need to make the right decisions — now and in the future.

The ability to integrate your financial information across different divisions of your business is key to success.

In Summary

Acquiring and keeping a lead in the highly competitive food industry is beyond difficult. ERP is a tool to view and manage multiple aspects of your operations from multiple perspectives, time periods, and locations.

The right food manufacturing software can make all the difference between a successful and failed enterprise. Without the right tools, you won’t be able to compete, grow, or respond effectively to changing conditions. Without the right ERP for food and beverage production, you’re taking on a nearly impossible challenge.

To learn more about how a Food & Beverage ERP solution can help you stay ahead of the competition, click here.

Get Your Company More Efficient with ERP

In today’s business world, companies need to have the right tools to be as efficient as possible. ERP (enterprise resource planning) is the kind of software that helps businesses get and stay organized. In this short article we discuss how you can get your company more efficient with ERP.

The technology advancements that can help a company achieve optimized efficiency and effectiveness are actually very simple. If used correctly, many of them will not only help your business operate more efficiently, but also enable you to save money.

To stay competitive, it is imperative that a company take advantage of technology to save time and increase efficiency. A streamlined process allows for more employees to be productive at the same time, therefore increasing efficiency and profit.

Businesses need efficiency to survive, and one great way to bring the power of efficiency to your company is by using ERP (enterprise resource planning) software.

With a good ERP system, businesses can manage their operations and risks more efficiently, keeping a handle on costs and processes in the right way to grow their revenue, optimize resources and improve time management.

The more processes you can automate, the less work that needs to be done manually, and the more time employees have to focus on more important tasks.

Modern ERP solutions help leadership to improve workflow by tracking step-by-step progress of staff, track projects to ensure benchmarks are being met, and quickly monitor and identify critical issues so that they can be rectified before impact to projects can occur.

Enterprise resource planning (ERP) software is increasingly enabling businesses to leverage powerful reporting and analytical capabilities to gain a better understanding of their operations.

With advanced reporting options and business analysis capabilities, today’s ERP software solutions help business owners better understand how the business is performing, key market trends to be aware of, and customer preferences.

Business leaders need a reliable, flexible solution that goes beyond basic operations. An ERP solution can help them eliminate data silos and get a clear view of their financials, orders, inventory, customer information, and more.

The importance of ERP cannot be understated. It can dramatically improve efficiency, boost profits, and help you get the most out of your assets.

When you invest in ERP technology, you can increase efficiency, improve control over your business, and optimize your resources. And that means better decision-making.

Technology provides everything you need to  get your company efficient with ERP.

ERP can boost your business performance, simplify your processes, and reduce your costs. And that’s something you can’t afford to ignore.

When Quickbooks is not enough

QuickBooks is a widely used accounting software that helps with the most basic of accounting tasks. While QuickBooks may fulfil your accounting needs today, this doesn’t necessarily mean that your business can rely on it forever to provide the right accounting tools and functions.

Your business has evolved over time. It started with a few employees, a little bit of sales revenue, and some customer accounts. You’ve added some products here and there, reinvested some money into the company, and now you have close to 100 employees. In addition, you have thousands of products offered to thousands of customers. As you can see then, the environment is very different from when your company was smaller. However, your core software is still QuickBooks.

QuickBooks may do the job in an accounting or finance department, but it is not enterprise resource planning (ERP) software. ERP is a business management solution that encompasses multiple functional areas of a company and its data, such as accounting and finance. Business processes are related between these related systems, which means they can be streamlined and easily analysed–if a company’s processes have outgrown QuickBooks.

The four main ways in which QuickBooks is lacking is inventory management, integrations, reporting and business growth.

Inventory

QuickBooks is not well suited for inventory management. The more complex your business becomes, the more important this issue becomes. While handling the day-to-day tasks of running a small business, it’s easy to lose track of what’s happening in the background and that’s where QuickBooks falls down. As a growing business, you’ll need to record different kinds of information on multiple systems and then reconcile the results between them after your financials have been closed. You’ll need to adjust your inventory numbers as orders come in, or when products are returned.

Integrations

Issues associated with QuickBooks integration are not new. In fact, nearly every corner of the market has been impacted by this challenge. Several companies and industry associations have spent considerable time and effort trying to improve QuickBooks’ limitations. Yet, when you talk about data interchange between applications, the conversation often comes back to an assessment of how well QuickBooks integrates with other systems.

Because QuickBooks lacks functionality in integration, employees must navigate across several applications to verify data, which reduces their productivity. Also, data is scattered across applications, which leads to retrieval issues.

Without integration, your QuickBooks data is spread across multiple applications. There’s no place to get the whole story, and everyone in your company must piece together small parts instead.

Everyone works best with the right tools, but when one set of tools is scattered across several applications and no central location for data analysis, your business suffers.

Reporting

If you’re using QuickBooks to report on your business performance, you’re probably missing key information. Reporting in QuickBooks is limited, and the format doesn’t allow for reporting capabilities like dashboards or complex data segmentation.

While QuickBooks provides basic reporting that works well enough for many businesses, it’s not adequate for advanced accounts. As data grows more complex and customers require more granular reporting for regulatory compliance, you may be forced to hire a costly consultant to provide third-party reports or export large amounts of data to an outside vendor.

Because QuickBooks lacks full functionality, you must sacrifice time and resources re-entering invoices, collecting data for reports manually, and updating stock turnover and other data. This makes it difficult to access and manipulate crucial business data.

QuickBooks can often lack reporting capabilities that meet your unique needs and help you communicate better with customers.

Business growth

If you find your company growing, QuickBooks becomes extremely limited. And this is definitely not a good thing. The system performance slows to a crawl. You can’t enter critical data on time, so reporting quickly becomes an afterthought.

If you use QuickBooks, a message box might pop up saying that “QuickBooks is busy processing transactions.” This means it has froze while your business was trying to run a report or enter transactions in the middle of a day-to-day operation. Bad performance is not merely annoying — it can stunt your company’s growth. A study by Aberdeen Group showed that 40% of businesses migrate to new software because of slowness, crashes, and other system-related problems.

QuickBooks is only as powerful as the industries it applies to. In some cases, a system is needed that not only handles the traditional business functions of accounting, but also offers specialized features to satisfy needs unique to an industry.

There are certain industries that require a customized system for managing clients, sales, and financials, such as manufacturing, distribution, life sciences, and food and beverage. Because QuickBooks cannot accommodate these industries, the software is not scalable for a growing business.

Summary

At one point or another, most businesses will reach the limit with the software. While its capabilities allow for an enormous amount of flexibility to start up a business, there comes a time when the one-size-fits-all approach isn’t a good fit anymore.

QuickBooks may do the job in an accounting or finance department, but it is not enterprise resource planning (ERP) software. ERP is a business management solution that encompasses multiple functional areas of a company and its data, such as accounting and finance. Business processes are related between these related systems, which means they can be streamlined and easily analysed–if a company’s processes have outgrown QuickBooks.

Download the Signum guide ‘Tell-tale signs you have outgrown your accounting system’ to help you decide if it’s time to move on from QuickBooks

Increase supply chain transparency with ERP

Supply chain transparency is a business process that involves increasing the flow of information across an organisation from any stage of the supply chain. The aim is to increase your transactional integrity with customers, suppliers, and external partners.

This can be achieved by implementing an Enterprise Resource Planning (ERP) system which can help you achieve organisational growth and profitability.

ERPs can have many positive effects on the transparency of a supply chain such as:

  • Inventory management
  • Complete lifecycle, field to fork traceability
  • Real-time reporting
  • Materials Requirements Planning (MRP)
  • Ensuring compliance and quality

Supply chain transparency requires visibility, which comes from managing all aspects of it in one area. With an integrated enterprise resource planning (ERP) solution in place, your business can have a single source system to manage order details, shipping and tracking information, finances, and invoicing.

This not only gives you better visibility into your orders, but it also gives you the ease of talking to your customers with greater confidence about their orders. Plus, managers and upper management executives have a greater oversight into every part of the supply chain with an integrated ERP solution so they can identify issues and find solutions much faster.

When it comes to supply chain management, your company has a lot of different variables to track. If any one piece falls out of the equation, you can easily end up losing profit. The best way to make sure that doesn’t happen is with ERP, or enterprise resource planning. By automating your supply chain and freeing up employees’ time for other tasks, you’ll be able to cut costs — and enhance profitability.

Supply chains are extremely complex, and businesses traditionally have had little access to data surrounding them. This makes it extremely possible for companies to track and trace materials, finished products and services from source all the way through to destination, wherever they are in the world.

Gaining transparency in your supply chain represents a real step forward towards enabling your business to achieve greater levels of operational efficiency.

ERP software has been the best solution for businesses looking to increase their supply chain transparency in order to make more informed decisions in real time.

Summary

Transparency is one of the most important benefits companies receive when they implement a solid ERP system. It’s easy to understand why supply chain transparency can be beneficial, but there are many unique ways in which it offers value. By automating the way an organization processes orders and manages inventory, supply chain transparency is achieved. Regardless of if a company sells through retail stores, online, or both channels, supply chain transparency allows them to comply with customer demands and industry regulations in the most efficient method possible.

Signum’s SAP Business One solution is an Enterprise Resource Planning (ERP) system that allows you to stop being in the dark about your supply chain. We help you connect your enterprise to suppliers and customers seamlessly, contact us for more details

Food Waste and ERP

Food waste and ERP are two aspects of a business that seem worlds apart. However, the two processes are linked in ways many don’t know. Here we look at food waste and how it can be minimised by implementing an ERP solution.

Food manufacturers in the United Kingdom (UK) are facing complex operations that can lead to product waste and errors. In recent years, the country has seen a relentless rise in food wastage. This can be attributed to several factors including ingredient seasonality, operational mistakes, and personal behaviour. Regulators have included food manufacturing in their plans to tackle food waste, but this does not guarantee its minimisation.

Food processing companies have a special responsibility to reduce food waste. Every year, one third of all food produced for human consumption around the world is lost or wasted. And it’s not just about throwing away spoiled products – it is about the losses and waste that occur at every stage throughout the food production cycle. It’s not good enough to promote to consumers how good your products are while your distribution centres and supermarkets throw away half of the food they receive.

Throughout the food production cycle, losses and waste that occur are preventable. Food processing companies must strive toward reducing food waste right from the processing plants to distribution centres and supermarkets.

To aid in this, food manufacturing businesses are increasingly adopting Enterprise Resource Planning (ERP) software in an effort to cope with the growing waste management problem. It has become increasingly difficult for businesses to keep up with the demands of consumers in this country, which leads to a high percentage of food going straight to landfill.

There are tremendous benefits to implementing an ERP solution in your food industry business. ERP systems enable companies to increase their productivity and efficiency as well as reducing wastage and losses. They optimize manpower resource, reduce manual work, minimize time delays, improve accuracy of data, and keep information secured from threats of corruptions.

ERP software is playing a large role in helping these food manufacturing businesses accurately track where their products are in the supply chain.

With an ERP system in place, food processing businesses can now manage all operations including production, inventory, sales, and marketing, planning, and controlling with real-time data keeping the business on a single platform for better management control.

SAP Business One is one example of an ERP that helps reduce food waste in the food production process, through its forecasting and planning qualities. It’s important to have a clear insight into the amount of food you have in stock and the expected demand or orders you can expect to receive.

Adopting SAP Business One software in your food production business eliminates issues to do with the overproduction of food products beyond your storage capacity. SAP Business One provides you with tools that provide accurate forecasting and planning and reporting. This helps you to avoid stock losses because of wastage – too much wastage incurs costs which result in loss of revenue. The list of advantages here is long but SAP Business One can be seen as a single solution that can help your food business to grow and achieve success by increasing its profit margins.

Food manufacturers depend on SAP Business One for insight into the entire supply chain. As a result they provide better products, increase consumer confidence, and reduce food waste.

To discover the benefits of SAP Business One for your food business, download the solutions brief here 

Beginners Guide to SAP Business One

Welcome to the Beginners Guide to SAP Business One!

Released globally in 2004, SAP Business One has now grown exponentially to have over 65,000 customers around the world who rely on SAP Business One to support and manage every aspect of their businesses.

SAP Business One is an integrated small business management solution, with the capabilities to manage every department from: Sales, Financials, Production, Supply Chain, CRM and more.

This blog will cover the very basics of SAP Business One and what it is capable of. Helping you start on your journey to digitally transforming your business with a tried and tested ERP solution.

 

A single, affordable solution to manage your entire business

Yes that’s right, no more hopping between multiple documents, spreadsheets, and systems to run your business. SAP Business One gives you a 360 ° overview of your business, in one system so you can maximise your efficiency.

Completely customisable to your business

Simple to configure and easy to maintain. It can be tailored to the needs of the business ensuring productivity and best value for money.

Several ways to finance your B1 project

SAP Business One provides flexible licensing options so you can choose the package that’s right for your business. We can arrange financing for you at a rate that best fits your business. As well as a tailored budget that scales as your business grows.

Scalable software that grows as you grow

From day one, SAP Business One has been built to scale as your business grows. So you can choose to deploy it on-premises or you can run your entire business in the cloud. Plus, with a single solution for managing your finances, assets, logistics, customers, and vendors, SAP Business One is ideal for small businesses.

Access to essential business information at any time, wherever you are

Get real-time dashboards, KPIs, scorecards and business insights to maximize productivity. SAP Business One provides all the information you need to increase opportunities, minimize risks and get the most out of your investments. Accelerate business collaboration with flexible workflows that adapt to your way of working. You can even connect your data to the SAP B1 mobile app for maximum freedom.

Meet privacy laws and keep you and your customers data secure

Achieving compliance is simplified with the combination of leading technology and expert services that help you meet the most stringent industry standards for privacy. With pre-configured business processes ready for deployment, you are sure to increase efficiency without increased risk.

Run B1 on premise or in the cloud

SAP Business One is designed to be easy to implement and set up. With an intuitive, user-friendly interface for your employees and partners. SAP Business One is at home in on-premise deployments or in a hosted cloud environment.

Modern look and feel with SAP Business One V10.0

SAP has recently released Version 10.0 for Business One. This update brings a variety of welcomed upgrades and entirely new features to the ERP of choice for SMEs. Some of the key features in Version 10.0 include an all-new modern interface, web client, localisation, Office 365 integration and even more.

 

This beginners guide to SAP Business One only scratches the surface. If you think that you are ready to move forward with the #1 choice ERP for SMEs across the world, complete our free personalised business assessment form. One of our industry leading experts will then get in touch to discuss your problems and how you can move forward with SAP Business One.

ERP: 11 stats, facts, and data you need to know

In this blog, we will explore some of the key facts, stats and data you need to know about ERP.

The truth is that business in the 21st century is heavily supported by technology. It must be, to keep up with the competition and to better serve the customer. One of the pillars of any successful business is ERP software. The use of this delivers three main things: efficiency, oversight and control – all of which make it easier for management and employees to perform their tasks without hindering overall production or spending time on monotonous yet important tasks like double-entry bookkeeping. What is more, ERP solutions can provide a much-needed boost to your bottom line.

Here the top 11 ERP Facts, stats and data you should know;

  1. Reduce product loss by increasing the visibility of your inventory with ERP. You know how fast your products are moving through your entire operations. As such, you can make the necessary adjustments to improve efficiency.

 

  1. The global enterprise resource planning (ERP) software market is expected to reach $95.37 billion in 2021 up by an estimated 1%. Analysts suggest the growing adoption of ERP software by SMEs could be a major growth driver of this market.

 

  1. Over 40% of ERP software is used in the manufacturing sector, making it the largest consumer of ERP and that number is growing.

 

  1. 40% of market leaders are looking for new technologies in an ERP system.

 

  1. 95% of SMEs that implement ERP will improve some or all of their business processes over time.

 

  1. Most solutions are designed to allow users to generate insights without having specific data analytics or IT skills.

 

  1. ERP software reduces operational costs on average by 23% and administration costs by 22%.

 

  1. SAP reports that 92% of Ford Global 2,000 companies, along with 98% of the 100 most valued brands, use SAP solutions.

 

  1. Companies can see what orders are being created at any moment. They can use that to anticipate what their customers want.

 

  1. 88% of organizations that implemented ERP systems consider them important to their success.

 

  1. 14% of enterprises are planning to shift from an older ERP system to a new advanced system.

 

Signum Solutions specialises in SAP Business One, an all-in-one ERP package for the SME market. With over 10 years’ experience and specialist packages for Food & Beverage, Manufacturing, Wholesale and Chemicals, we have got your business covered.

Want to learn more about how SAP Business One can revolutionise your business? Download our free SAP Business One Infopack today.

 

ERP facts: Sources

https://www.appsruntheworld.com/?s=erp

https://cdn2.hubspot.net/hubfs/4439340/Panorama-Consulting-Group-The-2020-ERP-Report.pdf

https://www.aberdeen.com/solution/research/enterprise-resource-planning/

https://www.sap.com/

https://www.selecthub.com/enterprise-resource-planning/erp-case-study/

How can SAP B1 improve your business?

As one of the UK’s leading SAP Business One partners, we are often asked; how can SAP Business One (SAP B1) improve my business?

This question generally comes from companies who are looking to review or replace their current ERP or accounting software and is often followed with the question “isn’t SAP too big for my business?”

There is a common misconception that SAP is only suitable for the larger enterprise businesses however what most people don’t know is that SAP business one was specifically designed for the SME market and over 70% of SAP’s customers are small businesses.

So now we have put that myth to bed, let’s have a look at the benefits of SAP Business One for your SME business.

Let’s start with the basics… what is SAP Business One?

Often known as business management software. SAP Business One or SAP B1 as some people know it, is an ERP (Enterprise Resource Planning) solution specifically designed for the small and medium enterprises. A powerful and scalable solution, SAP Business One (SAP B1) offers you an affordable way to manage your entire business processes from accounting and financials to purchasing and inventory.

SAP Business One allows you to handle all our department needs with one solution giving you greater insight into your business and therefore enabling you to make more informed decisions and drive profitable growth.

SAP Business One (SAP B1) can help you to boost your business in several key areas. These include:

  • Financial management
  • Sales and Customer management
  • Purchasing and Inventory Control
  • Business intelligence
  • Manufacturing planning
  • Analytics and reporting

You can also take advantage of extensive industry specific features built around the SAP Business One solution. With more than 500 pre-packaged, fully integrated industry specific solutions available worldwide, there isn’t much SAP Business One can’t do for your business.

Let’s now touch on some of the functionality available for Financial management in SAP Business One.

SAP Business One provides a complete set of tools for Financial Management, these cover key areas such as:

  • Accounting – SAP Business One gives you the ability to automate the handling of all key accounting processes including accounts payable and receivable and journal entries.
  • Banking –This module handles a full range of monetary transactions including processing reconciliations, bank statements and the ability to quickly process payments from various methods including cash, credit card and bank transfers.
  • Controlling – You can manage project costs, budget and cash flow with greater accuracy and efficiency
  • Reporting and Analysis – You can create standard or customised reports using real time data to aid you in your decision-making process and any audit review processes.
  • Fixed AssetsThis feature allows you to simplify the management of your fixed assets with a virtual function, eliminating the need for repetitive manual data entry

Acquiring new customers is important for business success, but maximising customer relationships is crucial to survival. The SAP Business One Sales and Customer Management functions provides you with the tools to turn prospects into customers, grow customer sales and profitability and increase customer satisfaction. These tools include:

  • Sales and Opportunity ManagementFrom first lead to closing the deal, SAP Business One (SAP Business 1) can track all your activities throughout the sales
  • Service ManagementThis module gives you the ability to respond to service calls quickly as well as manage warranty, contracts and service agreements more effectively.
  • Marketing Campaign ManagementTurn prospects into customers and grow your sales and profitability with the campaign management feature. You can create, manage and analyse marketing activity effectively with this module.
  • Reporting and AnalysisUse templates to design detailed reports, from forecasting to pipeline tracking. With this function from SAP Business One you can monitor all aspects of the sales process.
  • Customer ManagementSynchronise contacts stored in Microsoft Outlook and manage all your customer data in the one place with this module within SAP Business One (SAP B1)
  • Mobile SalesThis feature gives you the ability to empower your sales function so they can manage information anywhere at any time on a mobile device.

The SAP Business One Purchasing and Inventory module benefits you by streamlining the complete procurement process from purchase order creation to vendor invoice payment.

As well as achieving cost savings by automating this process, with SAP Business One you gain full transparency into purchasing activities, suppliers and their performance. This module offers:

  • Procurement – SAP Business One  allows you to optimise your procurement processes such as requisition requests, purchase order and good receipt creation. You can also manage returns and handle multiple currencies.
  • Master Data Management – Centralise purchasing processes by managing detailed data in a user-friendly interface. View account balance and purchase analyses while maintaining detailed item purchasing information with price lists and tax information.
  • Warehouse and Accounting Integration – Benefit from real-time synchronisation of goods receipts and inventory levels in the warehouse to perform purchase planning with ease and create an accounts payable invoice automatically from a purchase order or goods receipt.
  • Accounts Payable – This powerful module from SAP Business 1 gives you the power to plan materials needed and schedule your purchasing. You can also process accounts payable invoices, cancellation and credit memos. All this gives you the ability to lower costs and strengthen your supply chain relationships.
  • Reporting – SAP Business One allows you to gain an overview of what matters most. You can generate integrated reports from real-time data to that display in various formats or dashboards.

To aid you in making decisions faster and better, SAP Business One includes a powerful Business Intelligence module that can create reports based on company wide data.

  • Report creation and Customisation – With SAP B1 you can access data from multiple sources, create new reports, and customise existing ones in a variety of layouts with minimal IT overhead.
  • Interactive Analysis – SAP B1 allows you to see your business from a variety of perspectives by integrating with standard Microsoft Excel functionalities.
  • Intuitive tools – Get insights faster with the ability to drag and relate and drill down data and use search assistance and workflow-based alerts.
  • Powerful data visualisations – Make better decisions by enhancing your reports with powerful visualisations.
  • Analytics with predefined metrics – Improve your cash balance visibility and sales performance dramatically with analytics and predefined key performance indicators.

SAP Business One (SAP B1) can also support the business requirements of a modern manufacturer. It offers the ability to accurately and effectively manage your bills of materials (BOM’s) along with production orders and material requirements, all in one centralised ERP system.

  • Bills of Materials (BOM’s) – SAP Business 1 makes it easier for you to store the details relating to how your products are built and sold, and they can be created to cover standard, sales and template types of products.
  • Production orders – With SAP Business 1 it is easier to capture the usage of materials required to build your finished products. Production orders can be raised to cover standard and reword production activities.
  • Forecasting and Planning – Forecasts allow users to predict demand based on potential future requirements and scenarios, instead of relying solely on received orders. Forecast calculations can often help users foresee future demand for the product and adjust material planning accordingly. These demand forecasts can be used in the MRP software wizard.
  • Order Recommendations SAP Business One offers a recommendation report that the planner can use to automatically select and recommended purchase orders or production orders for automatic creation. For this process, SAP Business One considers several supply and demand sources including stock levels, production orders, sales orders amongst others and if the item is outsourced, SAP Business One easily allows you to convert a production order into a purchase order. You can even consolidate purchase orders to the same supplier into one order, this streamlines your process and saves you time.

SAP Business One can be used whether you are a small, or midsized company. As you expand your business, this cleverly crafted ERP solution, can grow with your business.

Leading technology companies across the world have created “add-ons” for SAP Business One, to help tailor it specifically to your needs. Some vendor’s, like Signum Solutions, can provide you with specific versions already tailored to your exact kind of company. We offer the following industry specific SAP Business One versions:

Food & Beverage

Signum’s SAP Business One (SAP Business 1) Industry Edition for Food and Beverage manufacturing is a complete food MRP/ERP system that encompasses management of manufacturing business alongside specific food manufacturing business processes.

Rising raw material costs, extended supply chains and increasing regulatory controls, put ever increasing demands on food and beverage manufacturers. With SAP Business One Industry Edition – Food and Beverage, Signum can work with you to deliver an integrated business platform.

Wholesalers

Using the SAP Business One from Signum gives you complete visibility across all systems in real time and gives accurate and consistent data on sales, inventory, financials, and more to help you make smart decisions and power your business forward.

SAP Business One software enables you to build long term relationships with customers by tracking their buying patterns and prompting you when up-sell and cross-sell opportunities arise. More importantly, it enables your sales and customer service teams to have meaningful conversations with customers during and after the sales process.

Chemicals and Coatings

With SAP Business One from Signum, you can manage critical business processes, including supply chain planning and execution, manufacturing planning and execution, as well as sales and marketing. Plus, you can manage assets, analyse customer and supplier data, and manage regulatory compliance and other value-added processes.

Conclusion: SAP Business One is that single-point solution which combines all your business functions and streamlines all your business processes. The result is improved business efficiency, increased profit margins, better decision making, reduction in costs, happy customers and greater command over your business.

 

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Optimise Profitability For Your Wholesale Distribution Business

A blog sharing five points to consider when looking at how to optimise profitability in your wholesale distribution business.

Increasing profitability is one of the key objectives for any business. This is especially true for wholesalers where margins can be thin, and it is even more important to make sure you are doing all you can to squeeze as much profit out of every transaction. Achieving greater profitability, however, isn’t always straightforward – there are a lot of moving parts in wholesale distribution.

Additionally, the changes implemented by competitors can also affect a business’s profitability. It is therefore important to look at your value proposition, customer acquisition strategy, and operations model – to help you decide what could be potential areas for improvement.

Wholesale distribution is one of the most competitive B2B industries, and with more than 7,000 distributors competing for business, it’s no wonder that margins are being squeezed.

The following five points will help you identify areas for improvement and how to go about ensuring you optimise profitability:

Automate your chargeback process  

When you factor in how much time and money you spend on managing orders and chasing up payments, it’s clear there has to be a better way. Automating your system for chargebacks and rebates can save you the time you’d otherwise spend logging sales, transfers, payments, and transactions, so you can focus more attention on what really matters – letting your customers know just how great your products are.

Perform analysis of your cost-to-serve

Analysing your customers based on the cost-to-serve them, is an excellent way to determine how your organization can be more profitable. This allows you to figure out which of those customers should receive the most attention as you attempt to maximize profits for your corporation. When this type of analysis is performed after a sales lead is obtained, there is potential for greater profitability.

Improve your supplier relationships

The importance of suppliers with regards to modern business has increased considerably over the years. It’s important to find the right suppliers for your business and build a good relationship with them. This will improve your discounts and terms for purchases, but more importantly it will improve the quality of service you receive. However, vendors change so you must ensure that you uphold this relationship by continuing to buy from them while being productive and servicing your customer in society. By establishing and maintaining a partnership with suppliers, service providers can streamline their business, gain a competitive advantage, and increase profitability.

Integrate your planning & execution

Working at a business means making decisions and executing on those decisions. Your strategic plan needs to be implemented and sometimes requires course corrections as the business evolves. This makes it imperative that you make data-driven decisions, which you can do by integrating planning and execution. By integrating these two aspects of business, you can streamline your operations, make smarter time-sensitive decisions, and get a real-time total view of your whole business.

Enhance your inventory management

Inventory management is crucial to ensure the stock you buy has the highest profit margin possible. By monitoring prices and trends, you are able to determine when goods are cheap so you can buy a lot of them and sell them for a higher price in the future. This real-time view of your inventory gives you the advantage over companies that do not have the same information.

SAP Business One industry edition for Wholesalers offers you the perfect for all your business functions: Sales, Purchasing, Inventory Management, Channel Management and Customer Service and provides you with an integrated view of your company’s data. You can easily analyse all your spending and see which customers offer you the best terms and profits. By automating chargebacks, you can save time and effort chasing payments. All of which can help optimise the profitability of your wholesale business with less effort.

 

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5 Signs to show you have outgrown Sage 50

Have you outgrown Sage 50? The answer is more complex than you think. You didn’t suddenly “outgrow” your accounting software. It’s more likely a shift in operations or your approach to business has outpaced the power and capabilities of Sage 50, creating a need for more effective processes and better information management.

So, how do you know if your business has outgrown Sage 50?

There’s no way of knowing for sure. It may be that you’re looking to grow into a more powerful solution, or you’re looking for additional functionality than Sage 50 can offer and now require an advanced, comprehensive solution.

We know that it’s not easy to say goodbye to a long-time partner. Regardless of whether they were a good friend, or they never did anything the same way twice, it’s always hard to walk away from something that you have grown up with.

With Sage 50, we know you’ve gotten lots of value from the software. But just as life changes, so does your business software needs.

There are a few tell-tale signs that you have outgrown Sage 50 and need to look at upgrading your software, let’s take a closer look at the top 5.

1: You work with manual processes and your data is often out of date or inaccurate

Manual data entry and slow, inefficient processes cause outdated or inaccurate business data that is bad for your bottom line. One of the most prevalent signs you have outgrown Sage 50 is that your business has manual workflows, either within your accounting software or through your own processes.

2: You have limited business visibility and difficulty getting the report you need

Ideally, you want to be able to get an immediate snapshot of your business and know how the business is performing. Sage 50 gives you the bare minimum. For example, it may take you a few weeks to get organized because having to cycle through your chart of accounts to find a particular transaction and then copying/pasting transactions from other areas of your system to build a report

3: You operate disconnected systems and feel it is holding you back

A healthy business relationship requires coordination between different departments. Financial data like payments and purchases should be immediately available to all personnel involved in approving and making it happen. Customer and product related information should be communicated to the right people as soon as anything happens. Better integration between systems leads to better communication, which leads to better business relationships and more effective decision-making.

4.You need more of your employees to have access and don’t feel it is scalable

Once you have more than a dozen users, performance becomes an issue. It is necessary to spend a lot of time tweaking the system to avoid bottlenecks, including implementing small changes. You might be running a business and notice that there are several people working in the same area and it slows down your work when you need to produce reports or create invoices. When you enter data into Sage 50 you may notice that it does not take long before typing starts becoming an issue and mistakes occur. This can result in frustration and loss of productivity among your employees.

5: You are experiencing system crashes and data corruption

With business expansion comes expansion of data and when you have ten times more data than what your system was designed for, Sage 50 will eventually start to crash unexpectedly and show incorrect data in reports. There is a chance that as your database system becomes overloaded, some of the underlying data may be corrupted. This is caused by an error in the database where your information is stored. There are a number of reasons this could happen, one of which is an overloaded database.

Does any of this sound familiar? If so, your business has most definitely outgrown your Sage 50 software and it’s time to consider alternatives.

For many companies who have outgrown their Sage 50 software, SAP Business One (SAP B1) offers the next level of business management. After transitioning to SAP Business One, you’ll be able to take advantage of its additional features and capabilities which make it easy to manage your growing company.

SAP Business One offers you the freedom to choose the right ERP system for your business. Scale it from small to large, and from lean to mean, as your business evolves. Reduce IT costs and risk with a single point of entry for integration with other enterprise systems.

 

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