What kind of return your company can expect from their investment in SAP Business One?
Return on Investment (ROI) is a technique to help understand the benefits your company will have with the acquisition of certain technology, or how long the company will begin to profit from the investment in technology.
To have a clear idea of the benefits you can expect from implementing SAP Business One business management solution in your company, it should soon know the impact that their current problems have on their profitability and targets for implementing SAP Business One, for example, your company can take to reduce billing errors and accelerate the processing of accounts receivable, or want to optimize sales to increase profitability per customer. The quantification of these benefits will be a good prospect of return.
Some typical areas of benefit may include:
Productivity
Optimized business processes can make their workers to obtain better results in less time.
Labor costs
Automating certain applications can reduce the number of people required to support the company as a whole.
Financial Performance
More accurate financial reporting can speed the process of accounts receivable, or have a better idea of the balance of short and long term.
Inventory Management
Tighter control on inventory can expedite the movement of stock and reduce the high costs of products with slower rotation.
Prices
The real-time financial reports provide a clear picture of overall business costs, achieving better margins to ensure products and services.
Sales per customer
With the use of CRM to identify customers' needs, your company can increase the share of sales by customer or reduce customer turnover rates.
Maintenance and technology support
It may be necessary to reduce the cost of maintaining outdated interconnected systems, which contribute to increased profitability.
Process optimization
Your company needs to eliminate some costs by automation in certain areas. For example, the EFC may reduce the amount of paper bills and their postage costs, or even certain bank charges.
The analysis of the benefits depends on your specific needs of each company.
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