A manufacturer needs to know his business inside and out. To accomplish so, you must successfully plan and strategize resource management. Moreover, you require swift order processing, transparency, and punctuality. An ERP system can dramatically improve decision-making and help streamline the management and supply chain of your manufacturing company.
SAP Business One is an excellent example of an ERP solution across the board that gives producers more power and flexibility. Because SAP Business One can integrate with other apps and modules, you can get information from multiple sources in one spot.
Let’s look at the many advantages SAP Business One offers manufacturers.
Frequent Manufacturing Issues that SAP Business One and PCF Can Help With
Manufacturing organizations use an ERP like SAP Business One to address typical difficulties. No matter the size of the organization, manufacturers often face the following challenges:
- Manually recording data in spreadsheets
- Using poor and slow operational and financial systems
- Manually entering orders into a system, generating problems and downtime
- Accountant’s Assistant
- Manual lot tracking
- Ineffective software leads to poor departmental communication
Manufacturers of all sizes can use SAP Business One and other ERP systems. The method resolves many of the concerns that cause more significant management issues.
SAP Business One Benefits for Manufacturers
After seeing some of SAP Business One’s capabilities, you’ll want to know how it can improve your organization’s efficiency. The ERP was created with manufacturers in mind, and it simplifies manufacturing, sales, assembly, and more. For example, you can easily construct BOMs and store them by number, warehouse, description, and item composition. Each product can have its production processes, pricing, remarks, and quantities.
Improved Customer Relations
It’s vital to keep clients pleased. Customers will be happier if SAP Business One can handle queries, orders, and bills. The system can also save customer data. These features encourage longer connections and better commercial transactions by increasing customer trust and reputation.
Planned Material Requirements (MRP)
Create more sophisticated plans for procurement and production and create scenarios in SAP Business One by selecting items, data sources, and planning for the future while saving and reusing various outcomes.
The MRP module can also help manufacturing teams automate production and purchase orders, ensuring you always have enough supplies and time to meet deadlines.
The MRP function is linked with other ERP elements. This gives you real-time reports and visibility into the entire production process.
Keen to master stock and warehouse management?
SAP Business One provides many features that simplify warehouse management. A bin position tracking function allows for faster stock adjustments. A warehouse transfer system can document and track stock levels, price lists, and pricing agreements.
Every Data You Need In One Place
One of the best features of SAP Business One is creating custom dashboards. You get access to dozens of analysis tools to understand your business better. SAP Business One is fully integrated into your company, allowing anybody in any department to access and use data. Accounting, HR, and administration can see cost reporting done in SAP Business. This improves customer service and personnel safety.
Why use SAP Business One & PCF for manufacturing?
Try increased efficiency, better administration, and lower inventory carrying costs. But SAP Business One is so much more. It’s a robust program that can improve your manufacturing business from day one.
That said, SAP Business One still needs help regarding specific financial processes. For example, the creation of operational reports is not entirely complete within SAP Business One. The ability to drill into sales figures and tie that up to your budgeting flow is also better with an add-on solution; Streamlining and automating critical processes is superior with Performance Canvas Financials. This is for processes like customized cash flow, CAPEX, automation of IFRS, EBITDA adjustments, account reclassification, advanced consolidation, and many more. This identified gap within SAP Business One (or any other ERP system for that matter) is filled by the capable solution – Performance Canvas Financials.
Performance Canvas Financials is an add-on solution that can help your organization run much more smoothly. It takes care of your advanced needs for financial reporting, budgeting, planning, dashboarding, and consolidating. It has frictionless integration with SAP Business One allowing a smooth flow of information across both systems to generate more insights out of your data.
Performance Canvas Financials is used today by many SAP Business One users to generate financial statements quickly and accurately, develop and update budgets and plans throughout the year, and automatically aggregate their figures across companies easily.
SAP Business One and Performance Canvas Financials are an excellent pair to ensure you can maximize your technological investments towards an improved decision-making experience.
Call us today to learn why Performance Canvas is the budgeting, forecasting, reporting, and consolidation solution for you.