2. Financial Visibility and Compliance
Financial organization is crucial to understanding where your company is succeeding and where improvements can be made. When this information is located in multiple spreadsheets and other locations, it can be nearly impossible to get an accurate perspective of your financial situation. Finances touch every aspect of business, so an ERP system that can integrate your finances with your other business processes such as inventory, purchasing, and sales will be invaluable. Keeping up with vendors and staying within compliance is much easier when you have more control over SAP.
3. Streamlined Customer Experience
When you think of SAP and ERPs, you may not consider the customer experience since it primarily deals with behind-the-scenes business operations. However, integrating customer relationship management (CRM) software with insights that you’ve collected across departments can help you drastically improve customer engagement. You can track sales from beginning to end and then use SAPs insights to help you create personalized campaigns and keep track of the things that really matter to your customers.
4. Automation of Daily Processes
No matter how large or small a business is, achieving best practices and customizing automated workflows specific to your online business is one of many perks of growing with SAP. If you aren’t sure exactly what you need, SAP has standardized business processes that are optimized and ready to implement on many different platforms and with several integrations. Automate tasks in areas such as finance, accounting, receiving, customer service, supply chain management, compliance, order processing, and human resources. This helps create time for other operations that could lead to more growth opportunities.
5. Data-Driven Decision-Making
Making decisions as a small business owner can be difficult without the correct information. Avoid making expensive mistakes by doing a little research beforehand. Customizable reports that are available with SAP solutions can help gain insights in all business areas, including real-time changes and long-term trends. Not only will you have accurate, up-to-the-minute information to learn from, but SAP can also perform functions like forecasting, generating recommendations, determining influencers, and data profiling.
