Here’s an all-too familiar scene: It’s the end of the month, and your team is meeting to tie up loose ends. The problem is that everyone – from the warehouse manager to the accounting department to the IT team – has a different set of numbers. By the time you can sort out the discrepancies, the meeting is already half over.
In a business climate increasingly defined by remote work, ensuring that everyone’s on the same page isn’t simple. For organizations without a cloud ERP system, this task can be cumbersome and time-consuming. Additionally, from a financial perspective, digital adopters are 19% more likely to monetize their return on data-related assets.
Whether you’re looking to improve your bottom line or keep up with competition, implementing a cloud ERP system can help you reap the financial rewards of digital transformation.
Here are five growth-oriented questions businesses should be thinking about, as well as reasons why SAP Business ByDesign may be the right cloud platform to answer them.
1) How can I improve the customer experience?
Customer retention is easier when you have the right tools in place. SAP Business ByDesign has a CRM integrated, as well as business intelligence and marketing tools, to enable better management of your sales pipeline.
Heightened visibility and automated efficiencies help you track invoices and push out orders on time, while also reducing the risks related to manual data entry. With fewer internal issues to solve and easier tracking of prospects, everyone from your sales team to your warehouse manager can prioritize growth.
2) Where can I optimize my processes?
One of the biggest disadvantages of not having a cloud ERP system is a lack of visibility and insight into your operations. Enterprise organizations need accurate key performance indicators (KPIs) to enable continuous improvement, and this is an area where SAP Business ByDesign thrives.
From rich reporting functions to KPIs like forecast accuracy and workforce utilization, ByDesign offers the transparency you need to drive productivity and make informed decisions. Optimize your processes and increase profitability with 400+ real-time reporting capabilities that accelerate time to value.
3) How can I increase my return on investment (ROI)?
With its rich functionality, 30+ streamlined best practices, end-to-end processes and ability to integrate with 300+ web services, SAP Business ByDesign offers enterprise organizations an opportunity to maximize their return on investment. Typically, businesses that implement SAP Business ByDesign can expect to see ROI in one year.
Embracing digital transformation and intelligent enterprise by adopting ByDesign also increases brand equity. Between benefits in business intelligence, workforce engagement and customer experience, partnering with SAP can immediately increase your business’s value by 10%.
4) CapEx or OpEx?
Without a cloud ERP system, planning and resource management involves extensive capital expenditure. Between purchasing, installing and maintaining on-premises servers, plus the cost of software licenses, a medium-sized organization often ends up incurring upfront expenses of at least $100,000.
SAP Business ByDesign, on the other hand, is built on a Software-as-a-Service (SaaS) model. With no physical hardware necessary, all you pay is a monthly operating expense that scales to your number of users. Rather than factoring in the costs of maintenance, storage and more, you can plan for your growth around a single, predictable bill.
5) What should my IT team’s role be?
With its intuitive user interface, SAP Business ByDesign immediately frees your in-house IT team from needing to serve as a help desk for end-users. Your subscription also includes extensive training and ongoing management to further ensure that users can work independently within the system.
However, this doesn’t mean that your IT team will become redundant. In fact, removing the burden of answering help-desk tickets allows IT to focus on developing growth-oriented strategies. By automating key processes, SAP Business ByDesign empowers your IT team to work on your business, not just in your business.
As enterprise organizations adjust to the new normal of remote work, businesses that resist digital transformation will continue to miss out on financial and logistical benefits. Working with a cloud ERP expert can help you turn growth potential into real results – and make sure you never waste another meeting managing processes that should be handled in the cloud.
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