Embark on Your Smart Enterprise Journey
In recent months, Singapore’s journey into a Smart Nation has been brought into the spotlight. Increasingly, local companies have stepped up on digital transformation and are gaining recognition as changemakers in their industry.
Is your business expanding but getting weighed down by repetitive and non-value adding processes? This may be a good time to consider shifting your operations to a Smart ERP software.
Let’s start from the basics – what’s a Smart Enterprise?
Smart Enterprises use innovative technologies to connect departments and processes, automate tasks, and translate data into action. This leads to greater efficiency and agility – enabling the enterprise to develop innovative processes and business models and focus more time and resources on strategic and higher-value activities.
A Smart Enterprise comprises of three overarching components:
1. Internet of Things
IoT refers to the interconnection of humans, devices, machines and systems via the Internet.
In most traditional organizations, there will be teams of employees making rounds to inspect supplies or equipment. They will be given various checklists to complete while doing their rounds.
Now imagine this. What if your inventory shelves are outfitted with sensors to track real-time inventory supply? Or, instead of waiting for periodic inspections, your machines can automatically send data such as average temperature, start-up time, or log Service Calls if any abnormalities are detected.
Not only is this faster and more convenient than performing manual checks, it also enhances your organization’s competitiveness as it can react proactively instead of retroactively after production delays have already happened.
2. Artificial Intelligence and Machine Learning
Artificial Intelligence refers to machines which work in an “intelligent” manner. Machine Learning is a subset of AI where machines, after receiving data from other sources, study the data to come up with innovative best-case solutions.
SAP Business One is built with Machine Learning capabilities to identify overall trends in the business and help users make strategic decisions. A few examples are the Internal Reconciliation Auto-Processing feature, which analytically recommends best-fit AR and AP contra-entries, and the Sales Recommendation feature, which intelligently provides product recommendations based on the buying histories of your customer and other customers of a similar profile.
3. Big Data
Big Data refers to a massive volume of data so large that it exceeds the processing capacity of traditional databases. When data is unable to be processed in a logical manner, it cannot be used effectively.
Enter our SAP Business One, version for HANA. SAP HANA® is a business data platform enabling real-time business by converging transactions and analytics on a single in-memory platform. With HANA, you can manage your IT landscape with greater ease and enjoy data-driven insights.
Various features are made possible by SAP HANA. The Cash Flow Forecast feature will forecast your company’s cash flow on an interactive and visual interface, while in the Quotation screen, your salesperson will be shown the outstanding AR and payment patterns of a customer, before deciding on offering discounts or whether to convert the quote into a Sales Order.
Further proving the usability and speediness of SAP HANA, it also provides a best-in-class Enterprise Search function for users to search any data in the system (even text/ remark fields!) without having to open any transaction screens.
If you are looking to streamline and automate mundane work, enhance employee skillsets and drive profit growth, SAP Business One is the best move for your business.
To find out more, contact our team for a free consultation!