If you're considering upgrading to the latest version of SAP Business One, now is the best time with all the new features and functionality added to 9.1. In this blog series, we'll highlight all of the exciting new changes. This first post explores the changes in Accounting.
If you're considering upgrading to the latest version of SAP Business One, now is the best time with all the new features and functionality added to 9.1. In this blog series, we'll highlight all of the exciting new changes.
By analyzing your interactions with specific customers, you can isolate issues that drive up service costs. With greater insight, you may be able to make process or service adjustments that reduce or eliminate the need for additional services, instantly improving customer profitability and your bottom line.
Another satisfaction-enhancing strategy is to ensure that you make and meet your promises for goods and services in a timely fashion. Only when you have visibility throughout your supply chain can you determine whether you have the inventory levels, manufacturing capacity, and shipping availability needed to meet demand.
Who are your most valuable customers? It may not be the client who buys the most goods. If you can analyze when purchases were made, the frequency of orders, and the revenue generated by these orders, you can segment customers according to value.
It’s important to recognize opportunities to sell higher-quality products or complementary products that might benefit your customer. Imagine that you regularly sell components of a certain grade to a manufacturer.
For most small businesses and midsize companies, there is no substitute for building satisfying customer relationships. When you are in sync with your customers, you can develop insights into their requirements, tailor products and services to meet those needs, and create customer loyalty that drives profits. What are the top strategies that can help companies like yours satisfy customers and entice them to buy your goods and services?
Historically, one of the primary roles of IT has been to drive process efficiency, productivity, and cost reductions through IT automation and standardization. If your business still relies on manual processes to complete routine transactions, an effective enterprise resource planning (ERP) solution can help you streamline and automate manual processes, freeing up time for higher-value projects.
As you expand into new sectors, you must be able to support new business processes and areas of growth. But a patchwork of systems and spreadsheets can leave entire business processes unsupported. You need comprehensive, fully integrated business functionality that helps you streamline core processes and gain visibility across the entire business – from marketing, sales, and service to procurement, production, financial management, and business analytics.
Your company is poised to push into new markets, introduce new products and services, and bring on new employees. But expanding into a new region or product line means dealing with a rigid system – and considerable IT effort. Line-of business managers don’t want to wait for system support. New employees can’t access data they need to do their job. IT is caught trying to figure out another workaround. Without the proper support, initial results aren’t what they should be.