How often does someone at your company focus on data entry?
Do you have trouble with duplicate entries or finding the numbers you need?
Are you getting the reports you need with the click of a button?
With SAP Business One, there’s a better way to monitor financials & reclaim control to strengthen your bottom line and improve cash flow. Let’s talk about it.
Integrated data tools like SAP Business One let you monitor your business in real time. This is critical when you’re looking for ways to increase cash flow. After all, increasing sales isn’t the only way to increase the assets that you have available.
In addition to monitoring your accounts payable and receivable, managers and executives who are using SAP Business One within their organizations are able to:
-Evaluate supplier relationships. The more that you know about the costs of working with various suppliers, the terms of your purchasing agreements, surcharges, and minimums, the better the position that you’ll be in to negotiate. Whether you opt to work with a supplier who offers better terms or request a better arrangement with current suppliers, having all of the right data available allows you to identify ways to cut costs.
-Identify wasteful spending associated with production. By using SAP Business One to monitor production costs, you will identify other ways of saving and increase the amount of cash you have on hand for other necessary spending.
-Identify excess warehousing costs. When you store product prior to shipping, you have overhead. Some of this may be able to be avoided by changing the date you receive product from suppliers, minor adjustments to the production schedule, or be based on where you store your manufactured products. By monitoring these costs over time, you can identify and eliminate waste.
By taking advantage of SAP Business One, you will not only be able to monitor your company’s spending habits in one area, but across the board. As a result, you will have an increased likelihood of identifying waste and finding alternative ways of meeting your needs.
Pursuing opportunities to save – especially when you are able to predict the impact of your options and avoid making decisions that will harm your business – allows managers and executives to take control. If you’re looking to increase cash flow within your company, this awareness is essential.
Whether you own or simply manage a small business, making sure that you have access to the right data is always important. If the company you’re involved with is in an expansion period, however, having this data is critical.
Tools like SAP Business One allow you to monitor your business on a variety of levels. It allows you to access:
-Financial management tools. As a result, you will be able to automate financial reporting, integrate data from all departments, and know that you’re staying on top of payables and receivables so that you’re always on top of company cash flow.
-Improved customer relationships. With CRM components included in SAP Business One, you’ll be able to evaluate relationships, identify marketing strategies that are effective, manage leads, improve customer service, and ensure repeat business.
-Storage and production environments to ensure that you have the increased product that you need – but not so much that you increase warehousing costs.
-In-depth reports based on real-time information. This, of course, allows you to defend your decisions, bring others on board, and continually position the company for continuing growth.
By enabling you to manage finances, customer relationships, supplier information, and production environments, you will be able to keep your finger on the pulse of your growing company. By creating effective reports, you will find yourself in a position to track your progress and communicate goals and strategies to other members of your team.
The more that you are able to streamline processes and increase efficiency, the faster that you’ll see progress toward your business goals. SAP Business One can help you access the information you need to make your vision for company expansion a reality.
The SAP Business One Starter Package is a limited scope version of the SAP Business One solution currently used by more than 30,000 small and midsize businesses around the world. The solution incorporates all the functionality a small business needs to be a best run business.
To learn more, check out our Starter Package Solution Overview at http://www.litzmanbusinesssolutions.com/starter-package/
Rather than adopt a small business accounting package and, with increasing functional requirements, then go through the disruption of switching software later, you can now choose the starter package for the SAP® Business One application.
You’ll gain instant visibility and control while building a stable software foundation to support your evolving business needs.
Maybe you’ve heard about the great things SAP® software can do to help companies run better, leaner, and smarter.
Not just big companies, but companies of all sizes. In fact, over 77% of SAP’s customers are small to midsize businesses like yours.
Now, with the introduction of the starter package for the SAP Business One application, SAP has brought comprehensive enterprise resource planning (ERP) software within reach to a broader range of companies.
The starter package provides a limited-scope version of the industry-proven SAP Business One application, offered at a reduced price.
The software is for companies that need more than standard accounting software but for whom the full SAP Business One is just too powerful.
The SAP Business One starter package is ideal for companies with up to five named users that want to achieve greater efficiency, visibility, and control without the worry of having to switch software later as business needs evolve.
You want to grow over time? No problem.
You can upgrade to the full version of SAP Business One whenever you are ready.
For more information: http://www.litzmanbusinesssolutions.com/starter-package/
How efficient is your business? Would it be possible to reduce storage costs if you were to adjust your production schedule? Are you timing shipments from your suppliers so that you receive parts or tools right when you need them? Are you marketing to your customers or clients at the times when they are most likely to make a purchase?
Production, purchasing, and sales: improving the timing of all of these things can serve to ensure that you are able to grow your business. Each element, when functioning with maximum efficiency, has the potential to cut your company’s costs – and, as a result, improve your organization’s bottom line.
However, in order to determine where your company is already performing efficiently and to identify areas where there is room for improvement, having access to the right data is essential. Monitoring your production line and considering storage and shipping costs can help you to manufacture products just in time – reducing the costs associated with warehousing or, on the opposite end of the spectrum if products are not ready on time, the costs of expedited shipping. Evaluating your supplier relationships can help you to identify whether you are purchasing with the right frequency and help you to identify opportunities to lower costs. Knowing when your customers are most likely to buy and timing marketing messages effectively can help to increase sales.
Ultimately though, in order to make improvements in any of these areas, you need to know how you are doing now. Especially when your business is in a growth period, having access to data and information that is accurate and current prepares you to make the right adjustments – and avoid the risk of making a costly mistake.
Tools like SAP Business One allow you to access financials, supplier information, details about your production line, and data related to marketing and customer buying trends. With this information, you will have the power to fully understand your business and to chart the course from where you are to where you want to be. SAP Business One provides you with the data you need to analyze your situation in real-time, weigh the benefits and risks of decisions, and track your successes as you strengthen your organization.
