When business is good, there are a lot of plates to keep spinning and a lot of balls to keep up in the air. There’s manpower, paperwork and a number of processes needed to keep the business on track and running smoothly. For a growing business, this can seem an almost herculean task. This is why enterprise resource planning, or ERP, is needed. ERP is a type of software that keeps accounts of most, if not all, facets of a company. Most companies can benefit from ERP software to help keep track of all the moving parts.

While there are dozens of companies that make and sell ERP software, one of the leaders of the industry is SAP.

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SAP ERP offers a huge amount of features that makes it one of the best ERP options for businesses both large and small.

Tracking all stages of production

When business gets going, there’s a definite need to keep track of everything. But what should be a simple process quickly becomes complicated when factoring in such variables as suppliers, stock, manufacturing and deployment. SAP ERP helps with this workload by tracking and analyzing every step of the process, from contracts to payments.

SAP ERP boats that its Procure-to-Pay identifies savings that can be made in contracts with suppliers, manages and simplifies inventory, and links all account payable data for easier invoicing. Next, the Plan-to-Product feature helps business owners manage their projects during the planning stages and then put that plan into production.

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Then, Order-to-Cash manages products, customers and orders made. This level of tracking is indispensable for company owners who have better ways to spend their time than chasing down every piece of the puzzle to their business.

Customer-focused features

Keeping the customer happy is a part of doing business, which is something that SAP realizes and has incorporated into its ERP. Along with customer tracking, there are a multitude of features that benefit the end customer. SAP ERP is compatible with businesses that offer repairs and other customer services, and it’s also capable of creating offers and bundles for customers.

Financial planning

Logistics is only half of a business’s day-to-day activities; companies need to simultaneously record accounting information. Along with process tracking, SAP ERP records all financial transactions within a ledger and provides real-time analysis to provide ways of cutting costs. Finances can be evaluated on the customer, product, and project basis, allowing for better planning and more accurate forecasting.

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Scalability

As a business grows, so does every facet of its business, exponentially, from the company’s inventory to its customer base. What some business owners don’t realize is that as their companies grow, so must the systems that track resource planning. A quickly expanding business can soon outgrow its ERP, whether it's in terms of server space or the software’s capabilities. SAP ERP accounts for this growth by allowing users to add new functionalities depending on their needs.

So, what gives SAP the edge over the other ERP options out there? For one, it’s perhaps the most established player in the game, having been one of the first movers in ERP. Also, its range of solutions for all aspects of business is nearly unrivaled. And SAP ERP has the big customer names to back it up as well, boasting clients, such as Dell, Kraft Food Groups, McLaren Group, and the National Football League. While all business owners should do their own research to find what ERP solution is best for their companies, SAP ERP should be near the top of their lists. #Buzz