Money is tight in small startups bootstrapping their way to success, but there are some things you should not cut corners on, including the enterprise resource planning that will help you build the business and track its success.
For small startups bootstrapping their way to success, every cent has to be invested wisely. Every dollar spent has to be done so with purpose.
For some things, the cheapest solution can be fine.
For other aspects of your business, however, you know you simply cannot cut corners. A good accountant can quickly pay for themselves; investing in knowing your market intimately will likely reap its own rewards.
The technological foundations your business is built on are critically important too.
After all, the more you know about your business, the more you can automate and the more you can refine, the more efficient your business will be – and it’ll be primed for growth.
And that’s where your focus needs to be, rather than spending time knee-deep in spreadsheets or juggling multiple systems that just don’t speak to each other.
A good enterprise resource planning (ERP) system that can help you manage your whole business more effectively today, and scale-up quickly tomorrow, can quickly become invaluable – but there’s often a perception that this is something that’s the sole preserve of the top end of town.
That’s simply not the case.
About two-thirds of SAP’s 378,000 customers across the world are small- and medium-size enterprises, and its new Business One starter pack – an out-of-the-box solution specially designed for startups and small businesses – provides a single easy-to-use solution to manage and grow your business, all for a very affordable monthly subscription fee.
The Business One starter pack includes access for one to five people, and covers these four key business areas:
Accounting and banking
Manage your day-to-day accounts payable and receivable, set budgets, process payments and monitor your financial health in real time.
Sales and customer
From automating marketing to creating quotes, fulfilling orders and tracking sales, the Business One CRM will enable you to get and stay closer to your customers and prospects than ever before.
The management of inventory is paramount for many small businesses. By centralising every aspect, you can forecast more accurately, identify trends and patterns, and keep a tighter control of your stock.
Analytics and reporting
The Business One starter pack also comes complete with pre-built dashboards that pull in and analyse all aspects of your business to provide you with at-a-glance, up-to-the-minute reports to inform the decisions you make.
Getting started with SAP’s Business One starter pack
The Business One starter pack, which also offers full Microsoft Office integration and built-in mobile apps, is available to host in cloud or on premise, and can be up and running for your business in just one week.
It enables startups to quickly become more efficient, and have greater visibility on every aspect of the business – focusing on the things that truly matter.
And, for a monthly fee of $99, it offers super-fast time to value.
It’s built to grow with you – so whatever your ambitions, they can be technologically supported in an instant.