Think enterprise resource planning (ERP) solutions are just for big companies? Think again.
According to Aberdeen, 96% of best-in-class growing businesses – the top 20% of performers – have implemented ERP solution. That’s a huge percentage – enough to consider ERP systems mission critical to the success of high-growth small and midsize companies.
And when you think about it, ERPs geared for SMEs make perfect sense. You have the same kinds of processes to support as large firms: procurement and logistics, manufacturing, customer-facing processes like sales and support, finance, HR, and more. You can either manage all of this with systems that can’t interact with one another, can’t track business processes, that can’t generate the accurate data you need to understand business performance – or you can simplify with an ERP.
ERPs act as single business systems that centralize core business data and support core operations, processes, reporting, and more. They help organizations of all sizes to face their challenges and as a single business system, they support visibility, efficiency, and decision-making. At the same time, they make work faster and easier with automation, seamlessly integrated processes, and easy access to accurate, trusted data.
Growing your Business
When your business grows, so do the number of questions. Will the technology that got you this far take you to the next level? Will your processes go to pieces when your operation expands?
SAP solutions from Approyo like SAP S/4HANA, help small businesses turn every data source into real business value — to help you make more confident decisions. These affordable, cloud-based solutions are designed to work with your existing infrastructure and grow with you. And they can do it all in the cloud. Use them to:
Deliver real-time insights to anyone in your business — anytime, anywhere
Manage and control your business in a streamlined and scalable fashion without exorbitant IT expenses
See results fast with renowned best practices, easy-to-configure solutions, and pre-integrated applications
Also, because there’s no upfront investment in IT staff, hardware and data center build-outs, companies who bring their ERP solution to the cloud get up and running faster.
And the benefits, based on surveys of executives at growing businesses with ERPs, are significant and directly related to business growth. For example, they’re seeing:
11% reductions in operational costs
10% increases in profitability in just two years
A 48% likelihood that they have real-time visibility into the status of all processes (compared to 6% without an ERP)
A four-fold increase in their ability to forecast and plan for demand
633% greater likelihood that they can share data with suppliers, customers, resellers, and regulatory bodies
77% likelihood that they can standardize back-office processes (compared to 22% without an ERP)
In addition, best-in-class growing businesses reportedly can easily find and use the data they need, no matter where they are, to make fast, agile decisions; Aberdeen research shows that ERPs reduce the time it takes to make decisions by 36%! Why? Because the processes ERPs support work from and contribute to a single source of truth to support visibility, efficiency, and decision-making.
Take your Business to the next level
The opportunity exists to transform business processes and achieve the digital transformation of your business with more automation and real-time visibility. Our SAP HANA and Big Data solutions address these important these needs and more. Let us show you today! Set up a free consultation.