SAP is prominently used among Fortune 500 companies, which leads to a common misconception that you need thousands of employees or billions in revenue to enjoy their services–but that’s far from the truth. SAP for small business is possible through SAP Business One, an affordable business management software designed for small and medium enterprises (SMEs).
This solution offers alternatives for small businesses to manage their entire organization, helping them track cash flow, build customer relationships, and drive growth.
What Is SAP?
Before we talk about why SAP is good for small businesses, let’s get to know what exactly it is and what it does.
SAP (originally System Analysis Program Development or Systemanalyse Programmentwicklung) is a German multinational enterprise that makes the largest enterprise resource planning (ERP) software on the planet. Their end-to-end software powers almost half a million businesses worldwide, enabling streamlining, standardization, transparency, growth, and profitability in companies in different industries.
Can a Small Business Use SAP?
SAP allows businesses to integrate and centralize processes, data, and reports from different teams and departments into one platform. This is useful for large businesses dealing with thousands of moving parts, but it’s equally beneficial for SMEs that aim to scale faster through more efficient systems and responses.
How Is SAP Useful for a Small Business?
SAP Business One is an ERP software that SAP designed with SMEs in mind, disproving myths that SAP is too expensive or too complex for small businesses. It can help owners and managers get a better handle on their company with ease and at a cost-effective rate.
A Complete and Customizable Solution
SAP Business One integrates every aspect of your business into a single solution. No more separate apps, multiple spreadsheets, or clunky paperwork. You can oversee all areas of your operations in one place while giving relevant personnel and teams access to the data and tools they need to fulfill their tasks.
Because each business is different, SAP Business One was designed to be customizable and expandable based on your company’s needs and goals, including offering support in 28 languages and versions tailored to different countries.
Control Over Your Finances
SAP Business One provides you with all the tools you need to manage your entire financial system, speed up transactions, and increase transparency. These tools include:
- accounting
- cash flow management
- asset management
- banking
- financial reporting and analysis
Everything happens in real-time, which means you can gauge your company’s financial status at a glance and make adjustments to better achieve profitability.
Build Customer Relationships
SAP Business One is equipped with sales, marketing, and customer management capabilities that can help you maximize your relationship with consumers. The software lets you manage the sales process and customer lifecycle, giving you an overview of your market and putting you in a better position to address their concerns.
Optimize Your Inventory System
Production planning is made easier with SAP Business One. You can manage shipments, inventory, receipts, orders, and sources all within the platform. It also makes measuring efficiency easy by providing inventory updates.
Make Better Business Decisions
SAP Business One delivers timely and accurate reports about your business in real-time, which can help you make calculated decisions to scale your company. This doesn’t just apply to management, either—even low-level staff can make better professional choices for the company using the data.
Get SAP Business One for Your SME Today
Whether you’re a large company or a humble SME, SAP provides many benefits that can help you run a tight ship while guiding your company towards success. Contact us to learn how you can get SAP Business One for your small business today.
