Unfortunately, a lot of past technology and advances in automating business processes through technology have been directed to large enterprises and corporations. This left small businesses trying to use similar types of systems and software solutions but not seeing the same benefits.
Today, SAP for small business makes a departure from those old ways of providing support. Through a variety of new offerings, including SAP Business ByDesign, SAP Business One, and the release of the SAP S/4HANA cloud and SaaS (Software as a Service), a small business can take full advantage of an ERP (Enterprise Resource Planning) platform without breaking their budget.
One Platform for All Business Software
A very significant benefit to SAP for small business is the ability to integrate all aspects of the management of the business into one platform. This means that data entered into the financial module of the system can be accessed by the project management, supply chain, or even human resources modules, allowing for a more comprehensive data analysis system.
In addition, with everything available in integrated types of reports, it is much clearer as to how to move forward, when to expand the business and how the specific decision impacts all areas of the company. With the data available in real-time, even across multiple locations, these cloud-based solutions are changing the way small businesses operate.
More Effective Planning and Forecasting
Big businesses have been using Big Data for years to formulate forecasts and future production and sales decisions. Thanks to the use of SAP for small business, small companies can also tap into this valuable resource to make real-time, highly informed decisions.
Combining this data with complete customer relationship management software, supply chain management, procurement, and operational management allows a small business to keep on an even playing field with the larger companies using fully customized software solutions.