Improving Accounting and Finance Management with SAP Business One

As they say, an investment in great technology always pays the best interest. Installing an ultra-efficient ERP system for your business is indeed a sizeable investment. But one that will make you smile in the long term. In fact, it will make you wonder how your business functioned before the SAP Business One ERP implementation at all. The SAP Business One ERP, when well implemented, can provide your organization with many benefits which will ultimately result in a fat bottom line for you. And how is that, you may ask.

As your small business or midsize company grows, so does the complexity of managing its financials. While accounting-only software may have helped you get started, you need software that can take your business to the next level, automating everyday financial tasks and integrating them with other business processes. That software is available – in the SAP Business One application.

It is this way. The success of any business depends upon the optimal permutation-combination of income, expenses, and profit. The suitable SAP Business One ERP solution will help give you an overview of your entire business in such a timely way that you will be able to gauge the perfect requisites to attain optimum profit. Accounts and business analytics are the most tedious to decipher and integrating them into your ERP can offer a clear interpretation of your accounts. The result is, of course, an improved, more efficient, process of financial and risk control.

Improved cash flow with reduced costs:

Cash flow is the backbone of any organization and the SAP Business One ERP will give you an improved cash flow with reduced costs. Increasing your revenue, attaining targets on time, managing your assets and inventory in a better way and achieving higher liquidity are just some of the other by-products of accounts and business analytics merger with this ERP.

Productivity & profitability with SAP Business One

There is a considerate increase in productivity and profitability of your business as the SAP Business One system also allows you to decrease the risk of losing assets, resulting in low insurance costs. Accounting and financial data is easily accessible within this system and gives you a better shot at informed decision making with real-time information to turn around your business and have better financial offers. The in-depth financial planning and analysis improves your business performance, facilitates new financial processes, reduces possible errors and helps you gain a strong control over the existing financial procedures of your business.

The solutions are:

Capture all your financial information in a single, salable solution. Manage cash flow, track assets,and control budgets. Accelerate month-end close and enhance compliance. Streamline reconciliations, bank statements, and payments. Transform business planning and audits with sharper insight. Simplify management of multiple branches or business units. Maintain end-to-end control of your company’s fixed assets.

Realize bottom-line benefits with an integrated solution:

SAP Business One is a comprehensive, integrated solution that helps streamline your financial operations. You can:

• Accelerate transactions and improve cash flow by automating your everyday financial tasks and integrating them in real time with other business processes, such as purchasing and sales
• Get an accurate picture of your business with better cash flow management, and stay on top of actual versus planned figures with budget tracking
• Maintain control of your fixed assets throughout their life cycle.
• Enhance the efficiency and accuracy of credit card collections and bank reconciliations through direct, online connections with financial institutions.
• Compile up-to-date financial statements to support business decision making by reducing the time it takes to close your books at the end of every period.
• Comply swiftly and fully with the legal requirements of each country where you do business.
• Meet your company’s fiscal responsibilities by streamlining the computation, payment, and reporting of taxes.
• Satisfy the financial analysis and reporting requirements of your business and make better top-level strategic decisions with powerful analytics.

For more understanding contact our experts