Business innovation is no longer simply a “buzzword” in the SMB industry segment, but a real-world possibility. As more SMBs compete with larger players, they need the right tools to optimize their operational efficiency and adapt quickly to changing market demands.
With its range of advanced cloud capabilities, GROW with SAP is helping SMBs realize this possibility. As a cloud-based SAP ERP for SMBs, this solution is built for fast deployment and for adopting the industry’s best practices for maximum benefits.
Let’s explore how GROW with SAP can play a crucial role in driving innovation for modern SMBs.
How GROW with SAP enables rapid ERP deployment for SMBs
As compared to SMBs, larger corporations operate with complex IT environments, thus having more specialized use cases or applications. As a result, they usually have a longer innovation cycle that can extend to many years.
This is not the case for SMBs, which are better positioned to drive business innovation with SAP business solutions and best practices. Comparatively, the innovation cycle in SMBs is shorter, with business transformation achievable in a matter of a few months.
Besides ensuring fast ERP implementation, here’s how GROW with SAP can deliver faster innovation for SMBs across industry verticals:
1. Innovation at a lower cost
With its subscription-based flexible pricing model, SMBs can leverage GROW with SAP to drive innovation with lower upfront expenses. This solution is primarily delivered on the SAP S/4 HANA Cloud platform, which reduces the need to build in-house IT infrastructure in any facility.
In the long run, this cloud-enabled ERP platform also eliminates the business need to make in-house ERP upgrades and security patches, thus delivering both speed and performance.
2. Industry best practices
The “GROW with SAP” solution delivers the best of industry practices preconfigured to match global standards. Along with preconfigured processes, this cloud-enabled tool delivers easy-to-use tools and frameworks to accelerate ERP deployment and innovation.
With these industry practices, SMBs can now “go-live” in weeks (instead of months) and their employees can start working on business tasks and workflows – already tested and available from the first day.
3. Scalability
Small enterprises with scalable systems are in a better position to grow their business operations and expand to international markets. With its ERP scalability for SMBs, GROW with SAP makes it easier for companies to add more users, integrate new sales channels, and work on international projects.
Additionally, this cloud-enabled ERP system supports multiple types of currencies, languages, and entities, and is also easy to integrate with third-party applications and solutions using its open APIs. These in-built ERP capabilities are crucial for delivering scalability and faster innovation.
4. Real-time analytics and actionable insights
In the digital age, enterprise innovation is being driven largely by real-time analytics and insights. Data accessibility is now essential for faster decision-making.
As an integrated cloud ERP solution, GROW with SAP provides real-time insights across all business processes, including financial forecasting and inventory management. SMBs now have real-time visibility into their business operations, which reduces the probability of using outdated data or reports from siloed operations.
For example, a product retailer can detect “below-par” sales of selected products, thus allowing them to adjust their inventory levels and projected sales accordingly.
5. SAP Business Technology Platform (BTP)
As an integral part of the GROW with SAP solution, SAP BTP is designed to accelerate business innovation through rapid process automation and adaptability to changing business scenarios. Designed using low-code tools, this technology delivers SMBs with the power of prebuilt integrations and best practices for sustained growth.
Here are some of its extended functionalities:
- Real-time business analytics and system integration
- Rapid development and deployment of customized applications
- Access to SAP’s online learning hub for both IT and business users
- Online support from the SAP community and business partners
Industry-wise use cases of GROW with SAP for Indian SMBs
Here’s how the following industries are benefiting from the GROW with SAP solution:
- Manufacturing and supply chain companies
- Tracking of inventory and raw materials
- Demand forecasting
- Streamlined procurement
- Professional services
- Project tracking
- Time tracking
- Automated billing
- Retail
- Integration with PoS and e-Commerce systems
- Real-time customer insights, including buying patterns
- Smarter product returns
Conclusion
As an integral part of SAP growth strategy for SMBs, GROW with SAP essentially provides a single, unified ERP platform that encompasses every business operation and process. Through this solid cloud ERP foundation, SMBs can effectively focus on business growth and innovation.
Among the leading SAP partners in India, Praxis Infosolutions has the technical acumen and experience of working with a variety of SMBs in the Indian market. Get in touch with us if you’re looking to maximize your SAP cloud ERP benefits in the years ahead.