SAP is one of the very few ERP companies that do not neglect small and mid-level enterprises. It is aware of the difficulties small and medium businesses face in terms of maintaining their business operations. And for this reason, SAP offers a dedicated ERP solution - SAP Business One - targeted explicitly to these businesses. The businesses, too, have wholeheartedly embraced SAP ERP, which is evident from the fact that almost 80% of the customers of SAP are SMEs.
But the question is, why are SMEs moving away from traditional accounting software to SAP Business One? What’s there in SAP Business One that legacy software can’t provide? SAP Business One creates a level playing field for SMEs. They can confidently compete against industry-leading companies.
SAP Business One- An Auto-Updating Accounting System
SAP Business One has a feature-rich accounting module. There’s an interactive chart of accounts with a general ledger and journal. The usefulness of this accounting system is that whenever any financial activities occur - like Accounts/Receivable invoice generation - the journal gets automatically updated.
As your business grows, you tend to feel overwhelmed to keep track of cash inflow and outflow if you use spreadsheets. With SAP Business One, you can-
Monitor all your expenses and receivables in real-time.
Manage cash flow efficiently.
Regain total control in bank reconciliation.
Simplify fixed asset management and get insightful and on-demand financial reports.
Sales, Inventory & Accounts Are All Connected
Unlike a traditional spreadsheet, in SAP Business One, the inventory and accounts get automatically updated with relevant information when you sell your product. This saves significant man-hours.
Let’s give you an example.
You send a sales quotation to a prospect. The prospect, then, goes ahead and desires to buy five items.
You can now mark the lead as a customer in this SAP ERP.
You can now use the same sales quotation document to create a sales order. No need to enter the same data multiple times.
This sales order document is connected to the inventory and accounts module.
Once you create the delivery document for this order, an automated journal entry will reflect the transaction mentioning the debit to the cost of goods sold in the inventory and the credit to the finished goods assets.
Similarly, after the customer gets the delivery, when you create an A/R invoice, the accounting system automatically creates a debit to the customer account and credit to the revenue and tax accounts.
This kind of seamless automation is only possible when all the aspects of your business process are tightly integrated.
Just like the sales process, the purchasing process too automatically triggers updates concerning accounts and inventory value.
Now, as claimed at the very beginning, SAP Business One is more than just an accounting software; it serves as a complete business management system. SAP Business One is -
A complete ERP software
Built to offer a business adaptability, flexibility, and customizability
Capable of providing industry-specific solutions
It unites all the business processes under one roof providing crystal clear visibility. Thus, an enterprise can access secured real-time data anywhere, anytime for accurate, up-to-the-minute reporting. This improves and expedites the decision-making process which is vital for an organization’s long-term growth.
No wonder, despite a prolific client base that comprises 60,000+ customers and one million users, SAP Business One remains the top choice among businesses that envisions making great strides in the years to come.
Opt for A Flawless Implementation to Reap Complete Benefits of SAP Business One
An ERP is intrinsically connected with core business processes. To ensure a smooth and successful implementation, it is advisable to buy the SAP Business One License from a competent partner.
Uneecops is India’s #1 SAP Business One Platinum partner with a proven track record of more than 500 successful implementation projects. We are proud to serve industry-leading companies like Mankind Pharma, Haier, Mother Dairy, Bharat Petroleum, and JCB to name a few.
So, when you choose Uneecops as your vendor, you get not just a flawless ERP implementation but also unmatched support and comprehensive offerings under one roof. Make your business run easier with SAP Business One. Let’s win together.