ERP vendors have made great strides over the past year, increasing the visibility, transparency and innovation of business processes, whilst SMEs in parallel are becoming more agile, enabling them to be more resilient in uncertain times like these. This resilience is required during and after the COVID-19 pandemic where businesses around the world must look at new ways for long-term survival; survival which is now dependent on having a constant up-to-date view of the state of the business. For this, they need the right cloud-based ERP solution that can be accessed anywhere at any time.
IDC (International Data Corporation) provides an assessment of prominent cloud-enabled ERP systems on an annual basis. In this article, we’re going to analyze their findings on SAP for the year 2020. But first, let’s take a look at who they are.
Founded in 1964, IDC is the premier global provider of market intelligence for the information technology, telecommunications, and consumer technology markets. With 1000+ analysts worldwide, IDC offers expertise on technology opportunities and trends in over 110 countries. Their analysis and insight helps IT professionals and business executives make fact-based decisions to achieve their business objectives.
After a thorough evaluation of SAP Business One, IDC positions the software in the “Major Players” category for medium-sized companies and in the “Leaders” category for small companies. The following is an excerpt of the reports released by IDC:
“SAP offers integrated business management software targeted at the small and midmarket user. SAP Business One features financial management, purchasing, sales, distribution, customer service management (CRM), inventory management, production, project management and field service. SAP Business One can be deployed as an on-premises solution or as a cloud solution.
The latest version 10.0 adds capability by functions, such as new localizations and refined features, as well as by supporting advanced technologies such as SAP HANA 2.0, machine learning, and new analytical features. The proposition of a powerful integration is also significantly enhanced by improvements in the integration framework 2.0 and by additional predefined integration scenarios. The release also adds new extensibility options of the service layer to support both SAP HANA and Microsoft SQL.”
Next, IDC mentions a few of SAP Business One strengths, such as:
“-Manufacturing capabilities: SAP Business One is particularly well suited for the small and midmarket companies with manufacturing-centric business models. SAP Business One provides deep functionality for manufacturing businesses including procurement, bill of materials, inventory management, and materials requirements planning (MRP).
-Implementation: References noted in the implementation of SAP Business One was easier than expected. One reference said the subject matter experts helped them navigate any issue that arose.
-Product roadmap: References noted this is one of the best technology companies communicating their future direction and road map. One reference noted the company really understands where it is with the product and where it needs to go, and that makes the customers understand it too.”
Lastly, the reports give recommendations to business executives when choosing an ERP system, and mentions when you should consider SAP Business One:-
“Consider SAP Business One when you are a quickly growing small and midmarket business with ambitions to grow into a larger company, and you also want to use industry-specific solutions.”
To learn more about SAP Business One’s capabilities or if you’re interested in a personalized demonstration, contact our team at +962 6 592 8450. We’re happy to assist you.
Sources: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Medium-Sized Midmarket Business ERP Applications 2020 Vendor Assessment and IDC MarketScape: Worldwide SaaS and Cloud-Enabled Small Office ERP Applications 2020 Vendor Assessment
Advanced Business Solutions was founded in 2010 with a clear mission to help people transform their business through comprehensive, affordable, world-class software solutions. Being the first SAP Gold Partner in the Jordanian market, ABS has implemented SAP Business One for more than 130 customers in 14 different countries.