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Benefits of Using SAP for Your Business

Many companies are realizing that SAP solutions have become extremely important to their businesses. This realization is arising from the fact that many Fortune 500 companies use SAP systems extensively internally for their daily operations and reporting.

So what exactly does SAP stand for? It is an acronym for Systems, Applications and Products in data processing.

Over time, many companies start to discover deficiencies in their information systems architecture. Most legacy business systems were made up of islands of automation – separate systems that handled some core business needs. There may have been systems to handle the General Ledger, another to handle the sales processes, a separate system to manage the manufacturing or production processes, etc. Data had to be exchanged between these sub-systems in order to generate the reports that various levels of management needed to run their operations. When there were errors or inconsistencies between these sub-systems, these flowed on into the consolidation process and skewed the management reports.

SAP ERP systems – Business Suite  / R/3 and Business One – are fully integrated business real-time systems. They enable transactions to be processed end-to-end and eliminate data inconsistencies between sub-systems. Many companies replace their old business systems with the best-of-breed ERP package developed by SAP.

The benefits of using SAP for your business are numerous. SAP delivers systems that are modern and highly efficient. Their support infrastructure is unparalleled in the software industry.

In addition, SAP has developed industry-specific ERP solutions that address the needs of over 28 industrial sectors. SAP is present in more than 120 countries worldwide. SAP has managed to build up a client base of more than 12 million users worldwide. Those numbers are estimated to grow as more and more enterprises jump on the SAP ERP bandwagon.

The main business benefit of using SAP is that you get a comprehensive set of integrated, cross-functional business processes. Here are some other benefits of using SAP:

Align Strategies and Operations
Prior to the implementation of an SAP system, a thorough analysis of the current environment is done. This is usually referred to as the ‘As-Is’ analysis. All issues are identified for rectification during the project. The short, medium and long-term strategies of the business are identified, clarified and prioritized. All internal workflows are aligned to enable the eventual effective use of the SAP system. In the next major step, the future state of the business’ information system is specified. This is referred to as the ‘To-Be’ state. It is the responsibility of the project team and possibly consultants to bridge the gaps between the ‘As-Is’ and ‘To-Be’ states to build a workable project plan.

Enhance Productivity and Insight
The productivity enhancements arising from an SAP implementation can be tremendous. Data is only entered once. There are no sub-systems to consolidate and verify. Data can be forwarded to others within the organization by efficient workflows – using internal messages, emails, SMS alerts or other means. Operations can be authorized and passed along for the next person to process. Employees can process many transactions on their from various access terminals. This can include leave applications and submission of expense claims. The overall reporting and analytics environment is enhanced to a level that facilitates operation management.

Minimize Costs by Increasing Flexibility
In order to improve process standardization, efficiency and adaptability, SAP relies on enterprise services architecture. SAP extends its business eco-system by extrapolating transactions, information, and collaborative functions.

Reduce Risk
Solve complex business challenges today with SAP, your trusted partner for long-term growth, with over 30 years of experience working with organizations of all sizes in more countries than any other vendor.

Improve Financial Management and Corporate Governance
Financial and management accounting functionalities combined with business analytics offers the SAP user deep visibility into their organizations. Furthermore SAP increases profitability, improves financial control, and manages risk.

Optimize IT Spending
SAP integrates and optimizes business processes as well as eliminates high integration costs and the need to purchase third-party software. Use of SAP incrementally improves cash flow and reduces costly borrowing.

Gain Higher ROI Faster
A business can deploy SAP by using rapid-implementation techniques which cost less than half what traditional approaches cost. It is also possible in certain cases for companies to reduce implementation time and costs by leveraging on preset defaults and prepackaged versions available for specific industries.

Why Is There a Need for SAP in Nepal?
In the Nepalese context, Spice Nepal Pvt. Ltd recently adopted SAP; paving the way for other local companies. The British Council, World Bank, Dabur Nepal are among other foreign companies who use SAP in Nepal. Nepal is a growing region for SAP. Furthermore, soon Nepal’s business environment will be liberalized which will then open the market for foreign investments. Multinational companies (MNCs) will set up operations here. These MNC’s will bring their best business practices with them and SAP is used by almost 7 out of 10 companies. Now the question arises are we ready for these opportunities? So, if you would like to position yourself for a rewarding SAP career, be sure to check out our free counseling at Blue Ocean Systems (BOS) BOS is the first and only authorized SAP training center in Nepal.

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