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When you focus on growing your business, knowing that you have all the right data available to you is critical. You need to be able to see where you’ve been – where sales figures were six months or a year ago, and how they have changed since. You need to be able to identify your best customer and supplier relationships, and identify the impact of changes that you make to those relationships. You need to know whether your production is on time or whether you’re limiting your resources because you’re storing supplies or finished product.
Some software tools allow you to look at one part of your business or another. Integrated solutions like SAP Business ByDesign, however, allow you to take a more holistic approach. SAP Business ByDesign allows you to monitor all of the areas of your business – from financial statements to HR matters, from customer relationships to projects.
As you being to grow your business, evaluating all of these elements becomes even more critical. Reaching new markets may mean altering your company’s marketing strategy. Beginning production in a new location may mean identifying new suppliers in order to minimize costs. Employee benefits packages may need to be evaluated if you offer health insurance, particularly if you have begun to do business in another state where premiums are higher or greater minimum coverage limits must be met.
SAP Business ByDesign lets you do more than simply look at a snapshot of where your business is now. It allows you to look at your business in real-time, to connect managers, directors, and other stakeholders – and to share the information that each needs to continue contributing to the organization.
By putting all of your critical business data at your fingertips – by allowing you to get started quickly and to expand the reports and tools available to you as your company continues to grow – SAP Business ByDesign puts you in the driver’s seat. With an integrated solution, you won’t just be monitoring your business, you’ll be able to steer it towards ongoing success.
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Looking to generate more cash flow for your business? You'll want to be sure that you're looking beyond the obvious places.
While increasing your sales will increase profits, you need to be sure that you're reaching out to the right demographic groups, expanding into areas where there's still a strong economy, sending out the right marketing messages, and following up with your customers so that they want to continue doing business with you.
Similarly, while ensuring that you are gaining access to supplies when you need them rather than using warehouse space or making minimum purchases can increase the amount of cash you have on hands, it's critical to know that you're looking at other factors as well. Are your suppliers offering you the best price? Are there discounts that you're not taking advantage of? Could you renegotiate terms and save even more?
Customer relationship management and supplier relationship management platforms can help you gain insight into relationships, but not all of these tools interact well. If you want to be sure that you have access to all of your company's data so that you can monitor all of the varied elements of your business and gain real insights into what's working and where there is room for improvement, you need a tool like SAP Business ByDesign.
With SAP Business ByDesign, you can access all areas of your business. Create reports based on CRM and SRM, and explore how changing your options will impact your bottom line. Focus on your financials, gain insight into where there is room for improvement, then make decisions based on all available data. Track the progress that you're making towards goals, and identify any diversions from the path.
Our solution allows you to access all of your company's data - and to see how each set of numbers impacts the others. By monitoring your business in this way, you can easily achieve your goals - and correct any possible missteps before they have significant consequences. Better insight helps you make better decisions - decisions that let you see your profits soar and give you ready access to the cash you need to grow your company.
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