SAP Business One has tremendous potential in helping the company run themselves at higher efficiency levels with increased visibility in operations, reduction in manual and repetitive work, reduction in cost (better inventory control, more checks, and balances) and enhanced customer relationship.
The main objective of this course is to provide students with knowledge and techniques in developing networks and clusters of SMEs. But before we delve into details of such techniques, it is imperative we understand how these SMEs came about. There are certain things you need know about SMEs. Don’t you think so? This will trigger the student to reflect from a broader perspective how to position the concept of networks and clustering within the confines of SMEs. For example, what are SMEs and what contributions do they bring to society? Are SMEs in America different from those in Cameroon? If so, what makes them different and are there similarities between them? A discussion on SMEs is relevant due to the role they play in employment creation and economic growth worldwide (Fan, 2003; Tambunan, 2008; Wattanapruttipaisan, 2003). We need to know, enterprises of this category are attributed as backbones to economic development.
I am going to give an explanation on what physical and technological resources are and how they are applied to businesses; I will be explaining in detail what these types of resources are and the main types of them and how they are going to be used.
SAP Business One has tremendous potential in helping the company run themselves at higher efficiency levels with increased visibility in operations, reduction in manual and repetitive work, reduction in cost (better inventory control, more checks, and balances) and enhanced customer relationship.
The main objective of this course is to provide students with knowledge and techniques in developing networks and clusters of SMEs. But before we delve into details of such techniques, it is imperative we understand how these SMEs came about. There are certain things you need know about SMEs. Don’t you think so? This will trigger the student to reflect from a broader perspective how to position the concept of networks and clustering within the confines of SMEs. For example, what are SMEs and what contributions do they bring to society? Are SMEs in America different from those in Cameroon? If so, what makes them different and are there similarities between them? A discussion on SMEs is relevant due to the role they play in employment creation and economic growth worldwide (Fan, 2003; Tambunan, 2008; Wattanapruttipaisan, 2003). We need to know, enterprises of this category are attributed as backbones to economic development.
I am going to give an explanation on what physical and technological resources are and how they are applied to businesses; I will be explaining in detail what these types of resources are and the main types of them and how they are going to be used.
Intellectual capital is an important dimension of entrepreneurship orientation that
highly contributes in the performance of the small and medium-sized enterprises
(SMEs). The measurements of intellectual capital more concern about employees’
knowledge, trademarks, patents, compensation and rewards. This study aims to
examine the relationship between knowledge management and organizational
performance among Malaysian food and beverage SMEs. It also identifies whether or
not protecting patents and trademarks positively contributes in organizational
performance. The primary data was collected through quantitative method and 262
questionnaire administered within food and Beverage SMEs in the Malaysian State of
Selangor. The findings indicated a positive relationship between knowledge
management and organizational performances. A good management of employees’
knowledge adds value to the firms and make them competitive in the market economy.
Apart from knowledge, the study found that protecting patents and trademarks can
positively contribute in the performance of SMEs. Also, the study identified moderate
positive correlations between compensation and reward with organizational
performance. To improve the performance of the firms, SMEs has to adopt effective
techniques such as compensation and reward that encourage employees to sincerely
perform their tasks and utilize their knowledge and effort for the purpose of profit
maximization
IB Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
Annamalai MBA 2nd year General 346 Solved Assignment 2021palaniappann
Sir/ Madam
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD. has 15 years of teaching experience in MBA Business schools. For last fifteen years Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD has taught various subjects from Marketing, Finance, Human Resource Management, Information Systems, International Business and General Specializations. He has written many research papers and case studies.
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD organizes online MBA subject coaching / MBA Assignment help and MBA Project help. Many clients national and international has appreciated Prof.Dr.N.Palaniappan.,MBA., MCom.,MPhil.,PhD for his timely help in the assignments and projects and MBA subject coaching.
You can call him on his mobile no. 9025810064 (whatsapp available) or mail him at palaniappanmail@gmail.com. He does help/guide for the below question. If urgent or any query’s, Please feel free to call him on his mobile no. 9025810064 (whatsapp available) or do mail on palaniappanmail@gmail.com.
Contact:
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD
Mail ID: palaniappanmail@gmail.com
Ph: - 9025810064 (whatsapp available)
“Labor markets now are like raging river rapids.
Scrambling to the bank to escape it is not an option
because it will flow on without you. You have to follow
the river and master it, constantly paddling and
navigating. There is no calm blue ocean at the end;
the process never ends.”
— Jeffrey Joerres, ManpowerGroup Chairman and CEO
Breakthrough the traditional way of planing. Read Venture Care’s “Corporate Digest” December, 2017 .
Here are some insights of the magazine :
– What are your company strategies in this new Economy?
– Rewritten Risks and Entrepreneurship
– Valuation: A Modern Art
– Financial Modeling A practical view &
– Starting a Producer Company in India.
Small and Mid-size Enterprises (SMEs) are companies with revenues and employees that fall below a particular threshold and contribute to the lack of productivity.
Assignment help for Economics for Business, visit: https://academiapapers.net/, thousands of Academic assignments, essays and home works has been published there, So don't miss those.
Business organization consists of several branches & each sector has its own authorities
®arding responsibilities. In UK there are multifarious types of businesses along with different
structural operations. These businesses can be differentiated through their respective visions &
goals. Accounting is important for an organization because it shows the organisations success
and failure in numbers. Owners and the managers can get a clear idea about the organisations.
Customer relationship can be very helpful as well.
Breakthrough the standard method of planing. browse Venture Care’s “Corporate Digest” January, 2018.
ROAD MAP TO DRAFT A BUSINESS PLAN – SPECIAL STORY
VALUATION DISCOVERED – FINANCE
FAQS BY VENTURE CAPITALISTS TO ENTREPRENEURS – FINANCE
SIMPLIFIED INFORMATION ON ONE PERSON COMPANY – LEGAL & COMPLIANCES
LIMITED LIABILITY PARTNERSHIP (LLP) CLOSURE – LEGAL & COMPLIANCES
Intellectual capital is an important dimension of entrepreneurship orientation that
highly contributes in the performance of the small and medium-sized enterprises
(SMEs). The measurements of intellectual capital more concern about employees’
knowledge, trademarks, patents, compensation and rewards. This study aims to
examine the relationship between knowledge management and organizational
performance among Malaysian food and beverage SMEs. It also identifies whether or
not protecting patents and trademarks positively contributes in organizational
performance. The primary data was collected through quantitative method and 262
questionnaire administered within food and Beverage SMEs in the Malaysian State of
Selangor. The findings indicated a positive relationship between knowledge
management and organizational performances. A good management of employees’
knowledge adds value to the firms and make them competitive in the market economy.
Apart from knowledge, the study found that protecting patents and trademarks can
positively contribute in the performance of SMEs. Also, the study identified moderate
positive correlations between compensation and reward with organizational
performance. To improve the performance of the firms, SMEs has to adopt effective
techniques such as compensation and reward that encourage employees to sincerely
perform their tasks and utilize their knowledge and effort for the purpose of profit
maximization
IB Business and Management (Standard Level)
All material taken from the IB Business and Management Textbook:
"Business and Management", Paul Hoang, IBID Press, Victoria, 2007
Annamalai MBA 2nd year General 346 Solved Assignment 2021palaniappann
Sir/ Madam
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD. has 15 years of teaching experience in MBA Business schools. For last fifteen years Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD has taught various subjects from Marketing, Finance, Human Resource Management, Information Systems, International Business and General Specializations. He has written many research papers and case studies.
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD organizes online MBA subject coaching / MBA Assignment help and MBA Project help. Many clients national and international has appreciated Prof.Dr.N.Palaniappan.,MBA., MCom.,MPhil.,PhD for his timely help in the assignments and projects and MBA subject coaching.
You can call him on his mobile no. 9025810064 (whatsapp available) or mail him at palaniappanmail@gmail.com. He does help/guide for the below question. If urgent or any query’s, Please feel free to call him on his mobile no. 9025810064 (whatsapp available) or do mail on palaniappanmail@gmail.com.
Contact:
Prof.Dr.N.Palaniappan.,MBA.,MCom.,MPhil.,PhD
Mail ID: palaniappanmail@gmail.com
Ph: - 9025810064 (whatsapp available)
“Labor markets now are like raging river rapids.
Scrambling to the bank to escape it is not an option
because it will flow on without you. You have to follow
the river and master it, constantly paddling and
navigating. There is no calm blue ocean at the end;
the process never ends.”
— Jeffrey Joerres, ManpowerGroup Chairman and CEO
Breakthrough the traditional way of planing. Read Venture Care’s “Corporate Digest” December, 2017 .
Here are some insights of the magazine :
– What are your company strategies in this new Economy?
– Rewritten Risks and Entrepreneurship
– Valuation: A Modern Art
– Financial Modeling A practical view &
– Starting a Producer Company in India.
Small and Mid-size Enterprises (SMEs) are companies with revenues and employees that fall below a particular threshold and contribute to the lack of productivity.
Assignment help for Economics for Business, visit: https://academiapapers.net/, thousands of Academic assignments, essays and home works has been published there, So don't miss those.
Business organization consists of several branches & each sector has its own authorities
®arding responsibilities. In UK there are multifarious types of businesses along with different
structural operations. These businesses can be differentiated through their respective visions &
goals. Accounting is important for an organization because it shows the organisations success
and failure in numbers. Owners and the managers can get a clear idea about the organisations.
Customer relationship can be very helpful as well.
Breakthrough the standard method of planing. browse Venture Care’s “Corporate Digest” January, 2018.
ROAD MAP TO DRAFT A BUSINESS PLAN – SPECIAL STORY
VALUATION DISCOVERED – FINANCE
FAQS BY VENTURE CAPITALISTS TO ENTREPRENEURS – FINANCE
SIMPLIFIED INFORMATION ON ONE PERSON COMPANY – LEGAL & COMPLIANCES
LIMITED LIABILITY PARTNERSHIP (LLP) CLOSURE – LEGAL & COMPLIANCES
Relevant it – it solutions to bridge the gap between business and it it man...IT-Toolkits.org
Much has been said and written about the existence of a so-called “Business-IT divide”. But what is it, what does it mean for my company and even more important, what can I do about it?
Most small and medium business leaders and IT players (be they internal to the company or external service providers) have given up on answering that question. They often feel that it is impossible to gain real business value from IT and that it is just in the domain of large enterprises to attempt tackling that issue. Rome was not built in a day and there are no silver bullets for instantly bridging the business-IT divide and offering truly effective IT solutions. After all, if it was easy, it would already have been done and this entire subject would be moot! The Relevant IT framework helps to map out a journey to assist businesses to tackle the issue one step at a time.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
1. Your partner in SAP Business One Implementation
Your Old System s Can
Drag Your Business Dow n!
Propel to new heights with
SAP Business One
Complete ERP Solution for SMB Companies
2. Table of Contents
1. Executive Summary.........................................................................................................................3
2. What is Small and Medium Enterprise?..........................................................................................4
2.1 Definition of Micro, Small and Medium Enterprises ..............................................................4
2.1.1 Indian Government.........................................................................................................4
2.1.2 European Union ..............................................................................................................4
2.1.3 United States of America ................................................................................................4
2.2 Common Ground ....................................................................................................................5
3. Diving Deeper into an Indian SME..................................................................................................5
3.1 Ownership...............................................................................................................................5
3.2 Geographical Spread...............................................................................................................5
3.3 Process Standardization or lack of it?.....................................................................................5
3.4 Limited Resources...................................................................................................................6
3.5 Poor Enterprise IT adoption....................................................................................................6
3.6 Scalability ................................................................................................................................6
4. Need ForWorld Class ERP solution.................................................................................................7
5. SAP Business One –The Right Solution for SMEs...........................................................................7
5.1 Key Functionalities..................................................................................................................8
5.2 Easy to Adopt..........................................................................................................................8
5.3 Robust and Flexible.................................................................................................................8
5.4 Scalable ...................................................................................................................................9
5.5 Low TCO (Total Cost of Ownership)........................................................................................9
6. Success Stories ..............................................................................................................................10
7. Conclusion.....................................................................................................................................11
Email: sales@praxisinfosolutions.com www.praxisinfosolutions.comPage 2 of 11
3. 1. Executive Summary
e, Praxis Info Solutions Pvt. Ltd.
(Pune, India), are one of the leading
SAP Business One Partners in
Western India and have helped close to 50
companies from the SME (Small and Medium
Enterprise) sector to adopt SAP Business One
solution, which is a world class ERP solution
from SAP specifically designed and developed
for SME sector.
In our short journey of 5 years till date, we have
interacted with hundreds of prospects and
customers and have developed a reasonably
good understanding of the market and its
needs. Whereas the SME sector is key to the
economy and is engaged in many value adding
activities in the supply chain, there is a
significant scope of improvement when it
comes to management of company operations,
especially in the Small and lower end of
Medium sized companies.
The purpose of this paper is share our
experiences and help educate the SME owners
with respect to the immense possibilities of
improvements in business parameters (be it
cost reduction, improved customer satisfaction,
visibility into operations) with the help of world
class solution like SAP Business One.
Just so as to set a context to the discussion, the
paper starts with the very definition of what an
SME is, followed by what are the common
characteristics of these companies, need for a
world class ERP solution like SAP Business One,
key benefits of SAP Business One, success
stories & critical success factors followed by
conclusion.
I hope that this information is found to be
useful by readers and helps them take the first
step towards drastically improve the way the
company can be managed.
If you are interested to know more about SAP
Business One and how it can help your
company, you may please write to
d.kulkarni@praxisinfosolutions.com
W
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4. 2. What is Small and Medium Enterprise?
mall and medium sized enterprises (SME) companies often drive a large percentage of
countries’ economies by delivering goods and services either to the large enterprises directly
or to their Tier 1 /Tier 2 suppliers or to end customers, depending on the product or services.
The question that arises too often is how do define an SME.
2.1 Definition of Micro, Small and Medium Enterprises
Let us consider some definitions for Micro, Small and Medium Enterprises as laid down by certain
countries/unions.
2.1.1 Indian Government
As per Government of India, the SME sector is categorised into two, namely manufacturing
enterprises and service enterprises. Following table describes the definitions of each category and
sub category.
Manufacturing Sector
Enterprises Investment in Plant and Machinery
Micro Enterprises Does not exceed twenty five lakh rupees
Small Enterprises More than twenty five lakh rupees but does not exceed five
crore
crore rupees
Medium Enterprises More than five crore rupees but does not exceed ten crore
rupeesService Sector
Enterprises Investment in Plant and Machinery
Micro Enterprises Does not exceed ten lakh rupees
Small Enterprises More than ten lakh rupees but does not exceed two crore
rupeesMedium Enterprises More than two crore rupees but does not exceed five core
rupeesSource: Development Commissioner (MSME), Government of India http://www.dcmsme.gov.in/ssiindia/defination_msme.htm
2.1.2 European Union
In Europe, there are three broad parameters which define SMEs
Enterprises Number of Employees
Micro Enterprises Up to 10 Employees
Small Enterprises Up to 50 Employees
Medium Enterprises Up to 250 Employees
Source: Wikipedia
The European definition of SME follows: "The category of micro, small and medium-sized enterprises
(SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual
turnover not exceeding 50 million euro, and/or an annual balance sheet total not exceeding 43
million euro.
2.1.3 United States of America
In the United States, the Small Business Administration sets small business criteria based on
industry, ownership structure, revenue and number of employees (which in some circumstances
S
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5. Email: sales@praxisinfosolutions.com
may be as high as 1500, although the cap is typically 500). Both the US and the EU generally use the
same threshold of fewer than 10 employees for small offices (SOHO).
Source: Wikipedia
2.2 Common Ground
As evident from the definitions the parameters used for classification vary be it investment in Plant
& Machinery (as per Indian Government) or based on combination of sales turnover and number of
employees (EU) or based on other factors as in the case of USA. However, what appears to be
common across the board is the fact that SMEs are considered as businesses that are below a certain
threshold value of parameters that are indicative of ‘size and spread’ of the operations.
3. Diving Deeper into an Indian SME
e will now look into the Indian SME sector. There are certain common features that
characterize an SME in India. You may note that these are high level and broad
observations.
3.1 Ownership
Usually SMEs are run by their promoters themselves, as against being run by externally hired
professionals. There could be many reasons behind this. One of them could be that first generation
entrepreneurs may typically like to set-up and run the company by themselves, since that would
have been the primary idea to start a new venture. With a steady growth, many SMEs increase their
staff size and expand operations gradually but the management team continues to remain the same
(promoters). If business runs in family, then the next generation may get involved at the appropriate
time to take the company further. Whereas there would be several examples where the promoters
bring in professionals to run the company, good number of SMEs continue to be governed by the
promoters.
Point to Note: Irrespective of whether the promoter runs it or an external professional, SMEs have a
small management team and hence decisions are usually taken quickly.
3.2 Geographical Spread
Micro enterprises are almost always run out of one location. Small and mid-sized enterprises are
seen to be run out of more than one location in many instances. As the business grows, companies
need to expand and are typically seen to be spreading their wings gradually at locations that they
can afford to invest. Sometime they are driven to an industrial park by their OEM customer that is
keen on working on JIT principle.
Point to Note: Accessing information or knowing the status across multiple locations in a real time
basis is a typical challenge faced by SMEs, who have not IT enabled their operations.
3.3 Process Standardiza tion or lack of it?
Business processes carried out in an SME, like any other company, depend on the nature of business.
For example, a trading company may not have certain operational complexities to manage as
compared to a manufacturing company. An SME engaged in any manufacturing activity has no
W
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6. Email: sales@praxisinfosolutions.com
choice but to follow the production process that enables it to convert raw materials into finished
goods. However, this does not necessarily mean that they are able to follow good processes or
practices when it comes to managing inventory. In some cases, the processes are laid down but
implementing them becomes a challenge especially if the activities are done manually and at
multiple locations. Well, some companies may have developed a strong manual process with certain
checks and balances too but there are good chances that the transaction processing time increases
leading to delays.
Point to Note: IT enabled processes are a need of the hour in SMEs as they continue to fight
competition in order to maintain their edge with respect to speed, consistency, quality and cost of
the items or services that they provide to customers.
3.4 Limited Resources
Being small companies, SMEs are usually constrained by limited resources, be it in the form of
capital employed, or plant & machinery or employee strength. People are usually tasked with
multiple responsibilities while at the same time may not be really equipped with enabling tools.
Most of the office related work is managed manually except in the form of basic office automation
software tools like MS Office in some companies.
Point to Note: Small companies need strong enablers that will help improve their productivity,
reduce manual mistakes, increase speed of work and make the operations system driven rather than
people driven.
3.5 Poor Enterprise IT adoption
Information Technology, which has a tremendous potential to create positive impact on company
operations, has been adopted only in small patches in SME. Most Indian SMEs do not use world class
standardized ERP software applications. Instead, they seem to use accounting software and some
other disparate software solutions to cater to a specific business process. However, basic office
automation tools seem to be used commonly.
Reasons for not being able to adopt IT could be many, ranging from lack of awareness, lack of
willingness to ‘invest’ in IT solutions (they would rather invest in additional plant and machinery to
increase production output), or simply not having the time to consider it.
Point to Note: There are immense opportunities for SMEs to leverage IT solutions and improve their
operational visibility, control costs and manage growth.
3.6 Scalability
Many SMEs face a challenge of scaling up the operations. Usually started with small capital and very
limited resources, many owners find it challenging to scale the operations rapidly even if they have
an expanding market. Reasons for this challenge could range from finances, too much dependency
on people rather than processes, lack of skilled manpower etc.
Not being process driven leads to creation of bottleneck created by limited bandwidth of skilled or
knowledgeable staff. It is observed that some companies, especially where the second generation
has come into action (who are highly qualified and trained internationally in many cases), have
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7. Email: sales@praxisinfosolutions.com
realized this and are willing to invest in IT enablement to move away from ‘people driven’ to
‘process driven’ company. This is where world class ERP solutions come into play.
Point to Note: It is mandatory for companies to have a standard common ERP platform if they wish
to grow rapidly without being limited by scarcity of ‘good people or human resources’. If the
processes are driven by a system, then companies can work with people of lesser skill levels as well.
4. Need For World Class ERP solution
n ERP solution is supposed to provide an integrated software environment where users from
across the departments can log in and keep record of their business transactions in a tightly
integrated manner. There are many software companies who develop such ERP programs
locally, as per customer’s need and it is observed that many companies have acquired such locally
developed ERP as well. Such solutions appear to be less expensive to begin with and are usually
tailored to the company’s requirement at the time when the solution was developed. However, over
a period of time these very solutions are likely to pose challenges such as inability to adopt new
changes, lack of support from the solution developer, lack of new technology infusion in the
product, lack of handling higher scale of operations etc. In some cases, it was also observed that
companies were not able to take up a new type of business since their ERP system was unable to
handle the scenario.
For reasons mentioned above and may be a few more, it is recommended that companies go for
standard world class ERP solutions.
SAP, which is world’s number of ERP Solutions Company, offers a specialized ERP solution for SME
sector called SAP Business One. This solution is not only within the reach of an SME with respect to
financial investment, but is also a gateway for companies to start running their companies as ‘best in
class’ by adopting world class practices.
5. SAP Business One – The Right Solution for SMEs
AP Business One application offers an affordable way to manage business – from sales and
customer relationships to financials and operations. Designed specifically for small businesses
it helps streamline processes, act on timely information, and drive profitable growth.
Maintaining a competitive edge means having clear view of all aspects of your business. It means
streamlining processes and always being able to get the information you need when you need it.
If you can effectively track and access all customer-related information, for example, you can better
service your customers at every point of contact, helping ensure repeat business. And if you can
accurately monitor and manage revenue and expenses, you will be positioned to optimize cash flow,
increasing your financial strength and the flexibility to respond quickly when business opportunities
arise.
A
S
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8. Email: sales@praxisinfosolutions.com
The SAP Business One application is an affordable, comprehensive solution that provides
functionality for every core process you need to run your entire business. Unlike niche solutions, SAP
Business One supports integrated management functions, including financials, sales, customers,
inventory, and operations, without the need for separate installations and complex integration of
multiple modules. Designed specifically for small businesses, it’s quick to install, and more
important, straightforward to maintain and use.
Business information captured in a single system is instantly accessible across the organization,
eliminating duplicate data entry along with related errors and subsequent costs. Workflow-based
alerts trigger auto-response when important business events occur, so you can monitor and focus on
those that are most critical.
5.1 Key Functionalities
SAP Business One offers following key functionalities (as of current release which is 9.1).
Source: SAP
5.2 Easy to Adopt
One of the critical success factors for an ERP project is speed and ease of user adoption. SAP
Business One has very user friendly and intuitive screens that are standardized across modules so
that users can get trained rapidly and get comfortable with the system within no time.
5.3 Robust and Flexible
SAP Business One is a world class product that comes with trademark SAP robustness. However,
what really differentiates it from others is the flexibility that it offers, even while being robust. There
are several features that make the solution very adaptable to certain unique requirements that an
SME may come up with. Whether it is adding new field with few clicks of mouse, or ease of setting
18Solutions www.domain.com
Key Functionalities
Multilingualism /
Localizations
Analytics /
Dashboards
Mobile
SAP Business
One Client
Financials Sales Service Purchasing Inventory Production
• Service mgmt
• Service planning
• Tracking across multiple
customer interactions
• Equipment card handling
• Service Dashboards
• Service contracts
• Mobile Interaction
• Recurring transactions
• Human resource integration
• Knowledge database
• Service calendar
• Service call processing
• Purchase request
• Purchase quotations
• Web-enabled RFQ
• Purchase orders
• Goods receipt POs
• Goods returns
• A/P Invoice
• A/P Reserve Invoice
• Down-payment Invoice/Request
• Cancel Marketing Documents
• A/P credit memos
• Landed costs
• Intrastate
• Import Process
• Workflow
• Item mgmt
• Item lists
• Price lists
• Goods receipts
• Goods issues
• Inventory transactions
• Transfers
• Serial number mgmt
• Batch number mgmt
• Pick and pack
• Recurring transactions
• Inventory Tracking
• Bin Location
• Multiple Measurements
• Inventory Counting
• Bills of material
• Item Sets
• Production orders
• Goods issues
• Goods receipts
• Production Dashboards
• GL Account Determination
• Life Cycle mgmt
• Item cost calculation
• Forecasts
• MRP
• Drop Ship
• Make to order
• Order recommendations
• Chart of accounts
• Journal entries
• Posting templates
• Recurring postings
• Exchange rates in multiple
currencies
• Financial reports
• Budget mgmt
• Cost accounting
• Multiple posting
periods
• Incoming payments
• Outgoing payments
• Payment run
• Bank statement processing
• Checks
• Credits
• Deferred payments
• Account reconciliation
• DATEV / ELSTER
• Fixed Assets
• Opportunity and
pipeline mgmt
• Contact mgmt
• Activities mgmt
• Calendar
• Campaign mgmt
• Blanket agreements
• Quotations
• Purchase orders
• Deliveries
• Returns
• Invoices
• Dunning
• Price lists in
multiple currencies
• Special prices
• Period and volume discounts
• Customer mgmt
• Gross profit calculation
• Microsoft Office integration
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9. Email: sales@praxisinfosolutions.com
up process locks, checks, alerts or even creating additional solution modules. SAP has architected
the software in a manner that such changes can be handled with extreme ease.
5.4 Scalable
SAP Business One can handle increased business transactional volume as the company grows. It can
easily support multi-location set-up as well by enabling users to access to single centralized SAP
server as is the case with many of our customers.
5.5 Low TCO (Total Cost of Ownership)
One of the myths amongst the owners of SMEs is SAP is very expensive and is not meant for small
companies. This is mostly due to awareness. Once educated on SAP Business One offering, they
realize that the solution is very much within their reach.
SAP Business One has a low total cost of ownership across following
Affordable license cost and AMC structure
Quick to implement
Affordable implementation fees of partners
Does not need high end servers (Cloud option is also available)
Low cost of ongoing maintenance
24 X 7 support from SAP, in case there are any product support requirements
Free access to patches, upgrades, releases etc.
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10. Email: sales@praxisinfosolutions.com www.praxisinfosolutions.comPage 10 of 11
6. Success Stories
e have worked with close to 50 customers and helped them adopt SAP Business One
solution successfully. These companies belong to various industry sectors like
Automotive Components
General Manufacturing
Food and Beverage Manufacturing
Specialty Chemicals Manufacturing
Media
Services
With each of the implementation success story, there was something new to learn which adds value
to us as SAP Partners which comes in handy during the next implementation. Whereas each project
has its uniqueness, there are certain common characteristics across these projects as follows:
Projects were implemented within agreed budget
Customers are successfully using the system since they went live
They have seem clear benefits of adopting SAP Business One
Implementation projects have got completed in anywhere between 1 month to 3-4 months
depending on size, spread and complexity
Critical Success Factors (CSF)
After having worked with several customers over last several years we believe that there are certain
factors that need to be recognized and acted upon to ensure that projects get implemented in time
and within budget. These CSF are:
Prioritize business needs
o Focus on essentials or must haves; Leave nice to haves for later
Well defined project scope
o Phase wise approach if needed
Keeping the solution simple
o Improves User Adoption
Having the right project team
o Aligned with project goals and timelines
Master Data Accuracy
Communication – Internal and External
TEAMWORK
o Representatives from the customer and the partner need to work very closely and in
a synchronized manner
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11. Reliable partner in journey to efficient growth
101, Sujam, Behind Maharaja Complex,
Paud Road, Kothrud, Pune – 411038,
Maharashtra, India.
Email: marketing@praxisinfosolutions.com
Phone: +91-88050 25518 / 19 / 20
Website: www.praxisinfosolutions.com
7. Conclusion
e firmly believe that every company can do better than what it is doing currently
irrespective of its size. SMEs are in particular subject to greater improvement
opportunities since most of them are operating in a traditional manner and have
probably not taken any significant step towards improvement in ‘management’ of business
leveraging Information Technology.
Business Solution like SAP Business One has tremendous potential in helping the company run
themselves at higher efficiency levels with increased visibility in operations, reduction in manual and
repetitive work, reduction in cost (better inventory control, more checks and balances) and
enhanced customer relationship.
Author: Dattatreya R Kulkarni (Director, Praxis Info Solutions Pvt. Ltd.).
Email: d.kulkarni@praxisinfosolutions.com
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