Gong Xi Fa Cai and may the new year bring you new achievements and greater success.
We hope that your SAP Business One system is creating value and productivity improvements for your business. We also hope that you want to get greater value from this investment! Read on to find out how your SAP system can be quickly implemented to other divisions or companies within the group.
1. Shorter implementation time
The initial implementation consists of requirements gathering, business process redesign, defining internal controls and standardizing financial and management reporting.
When you implement Business One to other divisions or entities, you do not have to start from scratch. Inecom has created a ‘prototype’ database during the initial project and this can be ‘rolled-out’ quickly to the new entities. If the process flows are similar, it can take as little as 5 to 10 days to implement the system into a new entity.
2. Range of localizations and languages
Business One is an international ERP solution used in over 155 countries with 50 localizations and 28 languages. SAP regularly updates the solution to adhere to international and country-specific regulations and standards. Some examples are IFRS changes, new tax rules, GDPR (General Data Protection Regulation) and PEPPOL (Pan-European Public Procurement OnLine).
Your investment in SAP is protected and you can use the same system in Singapore as well as your overseas subsidiaries. Having the same solution ensures that all the companies adhere to the compliance and regulatory requirements, and at the same time comply with your internal controls and reporting formats.
3. Efficient use of infrastructure
With modern connectivity, there is less reason to have silos of infrastructure supporting each individual entity. Instead, companies can achieve much greater efficiency and economies of scale by pooling infrastructure, either in the cloud or in their own datacentre.
Inecom specializes in the hosting of SAP HANA applications and we can recommend/ design your SAP application infrastructure across various geographic regions.
When all your entities are on a single platform, it is very easy to automate processes like intercompany transactions, consolidated reporting and analytics and centralized procurement. Contact our team now or read more about Frequently Asked Questions when implementing additional entities.