They are at the forefront of national income contributors in emerging nations. Despite this fact, this sector of businesses has a fair share of challenges to overcome every single day. However, the twists and turns MSMEs face may be different, but the fundamental challenges remain the same.
It might be intriguing for MSMEs to envisage what’s coming as they have never been through that path before. So, they end up with unanticipated roadblocks and intimidating demands difficult to handle.
Let There Be Change
SAP Business One Starter Package powers businesses to stay resilient, agile, and scale at an unprecedented pace. And the best thing is that it is super affordable and enterprise-ready. Available at just INR 3,999 per user per month with a one-time implementation price of 49,000 while up to 5 users (max) is payable in advance, in a year.
This blog will unlock the door to exponential business growth as it discusses how MSMEs cannot afford to delay an ERP any further. It will also reflect how SAP Business One Starter Package can act as an illuminator and make life simpler for MSMEs to shine and enable them to be ready for every opportunity.
Challenges MSMEs Face in the Competitive Scenario
MSMEs function on a smaller budget scale with a limited number of team members.
Decoding the right balance between improving profit margins with these resources and managing back-end tasks effectively is undoubtedly a challenge for Micro Small and Medium Enterprises (SMEs).
A 2021 research that surveyed decision-makers at UK SMEs found that, on average, admin work consumes an hour per week. It may seem insignificant but it equates to lost productivity costs of £19 billion per year!
This is how overwhelmed SMEs and MSMEs around the globe are with administrative tasks. Numerous spreadsheets, customer reports, and valuable information across multiple systems and software make managing day-to-day tasks harder than they should be. As a result, businesses are confounded with erratic information records and unexplained chaos.
By adopting and optimizing cloud modelling software like SAP Business One Starter Package to calibrate their work, MSMEs can upscale their productivity, achieve projected goals, and watch their business doing rendezvous with heights.
Although small and medium enterprises are one of the most avid users of cloud services in 2021, some SMEs are still making ends meet on their servers.
In essence, Cloud ERP drastically cuts down on expensive hardware and maintenance and can be accessed anytime, anywhere. Hence, Cloud ERP is promising and 40x cost-effective as compared to on-premise ERP.
Moreover, cloud services offer swift accessibility, data safety, and enhance real-time collaboration for businesses.
Automation in Business and Why It Is Important
Automation in business:
MSMEs can maximize the benefits of automation by having quick, detailed, insight-driven dashboards, and reports. Using these exhaustive reports decision-makers can confidently deduce important conclusions at any point in time. This accelerates business intelligence and increases work efficiency by managing the overall time spent on planning and executing a project.
The breeze of ease that automation brings into businesses is highlighted in the 2021 Zapier Report of business automation which was mainly focused on SMEs. 66% of businesses say automation has now become an integral part of their business.
Imagine unloading the pressure off the shoulders of MSMEs by extending this automation to all the traditional business processes. Here Enterprise and Resource Planning (ERP) Systems save the day, the month, and the years to come.
Why Is ERP a Great Business Integrator for MSMEs?
ERP is designed to offer a one-stop integrated solution for all major business operations - finance, sales, inventory, production planning, etc. In other words, ERP centralizes every department of an organization thus making all the information readily accessible in real-time. ERP is no longer a privileged asset that only large businesses can afford.
Benefits of ERP for Startups and MSMEs
The most remarkable benefits of ERP are:
SAP Business One Starter Package is one of the Top ERP software specially designed keeping in mind the dynamics of startups and micro small and mid-size companies. The SAP Business One Starter Package caters to your day-to-day business requirements.
It is a comprehensive software with a pocket-friendly ownership price.
The Starter Package eliminates IT complexities as it is easy to implement and deploy in weeks.
Being an industry-proven software solution, it empowers businesses with instant visibility and control over daily operations.
How Do You Know If Your Business Needs This
In case you are doubtful if your business needs this solution, here is a checklist to give you a clear illustration:
Customer Success Stories with SAP Business One
This is how SAP transcends and transforms every limitation in a business!
In this competitive era, resilience, adaptability, and alacrity are a magical combination for MSMEs. Relying on outdated software and legacy applications is not the right way to go. If your business is ready to welcome countless growth opportunities, you must implement the SAP Business One Starter Package.
SAP Business One Starter Package will free the time and energy to focus on strategic planning more efficiently - both for you and your team. With SAP, MSMEs will approach critical challenges proactively and resourcefully.
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