What is an ERP system?

Enterprise Resource Planning (ERP) software is used by businesses to manage their daily operations and improve efficiency.

ERP systems, such as SAP Business One, are crucial for streamlining and integrating business operations in many key areas, including:

• Accounting
• Sales
• Stock management and distribution
• CRM
• Project management
• Manufacturing
• Procurement
• Shop Floor Capture/Time management

With ERP, core business processes are integrated into one fully accessible system to facilitate the smooth flow of data between them. A single source of truth is created, resulting in a reduction in data duplication, mistakes, improved visibility, and more robust data integrity.

ERP software unifies these processes to allow transparent and auditable interactions between different areas of the business. This offers significant benefits including improved visibility, a reduction in data duplication, and more robust data integrity. A comprehensive ERP system also features Enterprise Performance Management, specialist software that can support financial planning and budgeting.

What are the benefits of using an ERP system?

ERP systems offer many benefits for businesses, including:

• Time and cost savings that arise as a result the integration of businesses processes.
• Managers can make quicker, more informed decisions with fewer errors.
• Increased visibility of data gives all departments access to the same information.
• Improved efficiency as a result of inventory optimisation.
• Better customer relationships as orders are trackable from acceptance to fulfilment.
• Removes the need to synchronise data changes across separate systems.
• Sensitive data is robustly protected by a single, world-class security system.

What are cloud-based ERP systems?

Many business software applications are now moving to Cloud hosting, which means that they are no longer maintained and delivered on-premises from local servers. All brands who face stiff competition from their rivals face some common challenges, even if their business models differ. To compete they need to be able to harness cutting-edge technology that supports them in their innovation, scaling, and growth.

Cloud ERP systems retain all the features of on-premise software, but are hosted in the Cloud instead. This offers many advantages, including:

• Professional management of ERP software without the need for expensive on-site technicians.
• Faster scalability to respond to your business’s growth.
• Lower infrastructure costs.
• Shorter deployment times.
• Automatic upgrades deliver the latest version of the software.
• Instant access to key business data from any location on any device.
• World-class security to safeguard against the threat of cybercrime.

Contact B1 Solutions Today

At B1 Solutions, we’re a certified provider of SAP Business One for SMEs, and SAP Business ByDesign, a Cloud-based ERP platform for high-growth start-ups and expanding SMEs. To find out more about our products, please get in touch on 0808 164 9388 to see how our ERP solutions could transform your business.

Find out more about the features and benefits of SAP Business One at SAP.com. We are SAP Business One specialists, with a small team dedicated to helping small businesses grow.