Lakhs of companies all around the world have benefitted from the excellent features of SAP. But differing from what people commonly believe, SAP is not only for the big enterprises. SAP Business One has been created to deliver value to even the small and medium-sized businesses globally. Some of the common challenges of small businesses include – proper management of cash flows, effective hiring as well as managing the staff, dealing with the regulations of the government and ensuring the growth of the business. SAP Business One is the most efficient ERP software to overcome these challenges and enable the successful management and growth of the business. 

Let Us See Why SAP Business One is a High-quality ERP Software for All Kinds of Businesses

Given below are a few of the reasons why SAP Business One is the best ERP software in the world.

• The operational necessities of small and medium businesses can be as complicated as those of the bigger companies. SAP Business One offers small businesses the access to the same kind of ERP system that the big companies use at a much lesser cost. It will provide the same tools in a single integrated solution.

• SAP Business One will help to effectively connect all the financial operations in real-time and also the other important processes in the business. This will help in hastening the speed of transactions and enhance cash flows to a great extent. With the help of SAP Business One, companies can select which employees will get access to the sensitive data.

• For any kind of small business, it can be quite a task to successfully manage the vendor quotes, supplies, and payments without any disruptions. SAP Business One allows visibility as well as controls the order-to-pay cycle in a better way. It offers efficient management of the POs, receipts, invoices, as well as even returns and payments. It will also improve the buying with simple dashboard reporting and also match in real-time the goods receipts with the inventory warehouse levels.

• SAP Business One enables the effective management of customer relationships as well as marketing activities via one single platform. Having all the data in a single place results in the creation of much more efficient communication programs.

• SAP Business One provides the best practice systems for companies without considering the industry. The software can be personalised for any kind of business such as manufacturing, construction, and even distribution, etc. It is also quick to implement as compared to the other software solutions in the market.

• It helps to create and personalise all the important reports which will lead to effective decision-making. Businesses can configure the settings and report on critical data. SAP Business One enables businesses to have a quick-thinking approach to decision-making.

• It is easy to get training with the help of SAP Business One as it has put in huge investment in online training.

Let Us Look At The Cost of SAP Business One and The Factors Affecting Them in Detail –

• Correct licence has to be selected according to the users, features, and functionality set required. The SAP Business One licences are Professional, Limited, Mobile, Employee, and Indirect. 
• The implementation cost of SAP Business One is the fee that is charged by the SAP Partners for effectively implementing SAP Business One in the company and automating the processes as per the client requirements. This may also include all the training provided to employees for the functioning of the business.
• Infrastructure costs are decided on the basis of an On-Premise or Cloud installation of SAP Business One.
• There might be some Add-on costs or customization cost of SAP Business One 
• Annual Maintenance can be 15 to 20 percent of the total licence cost for SAP Business One and the Add-ons paid yearly.
• Support Costs are based on the support required by the organisation for running the SAP software effectively for the successful management of the business operations.

Takeaway

SAP Business One is without a doubt one of the best ERP software in the world. It is an amazing addition to any kind of company. It gives them the access to increased visibility as well as informed decision-making at a less cost. Companies can gain greater control over the business processes with the help of an efficient system like SAP Business One.  The software has been created keeping in consideration the ease of use and also the increasing user adoption in the small and medium companies.