Globus Labs - SAP Business One

When having an ERP software, you will have to make sure that it is GST ready. Being GST ready helps your business in several ways which is associated with GST compliance, tax filing, reconciling financial transaction and multi-level calculations. Let’s us quickly examine now as the possible areas that your business is in a dire need of GST-ready ERP. Your business has a complex tax structure. A complex tax structure kills your time and you need to avoid it as your business requires your undivided attention than all these calculations that can be easily automated. Multiple tax rates is one of the biggest hurdles that your business might be facing. You might be unaware of certain tax and legal formalities. Your business demands multiple compliance and rules. You need to have worldwide standard compliance which makes your business process quite complicated. The much talked about GST implementation has now become a reality. GST software will bring simplicity in the way bus

This is probably one of the most tricky questions most small and mid-size businesses face at some point in time to use QuickBooks or invest in an ERP. This question may arise from the need if your organization is either stepping into new markets or experiencing exponential growth or facing some kind of complexity with the legacy software like Quickbooks. Initially, we need to understand that accounting and finance are the two important functions of any business. This is why; many organizations pick Quickbooks that looks after the accounting and finance needs of a business. But, are businesses only limited to accounting or managing financial transactions? Certainly, No. There is manufacturing, inventory, sales, planning, procurement, Production, formulation, quality control (QC), regulatory compliance etc., to consider. And to manage all these functions, you need to have a robust and international-standard ERP in place. Quickbooks are incredibly good but ERP solution

SAP Business One as we know is smart and international-standard software that simplify the business processes and ease the life of business users and decision makers alike. Whether you are in pharma, retail, healthcare, life science, education, mall management or any other business, you have all reasons to invest in an ERP that empowers you to do a lot more! Should you be needing software that can provide a crystal clear view of sales figures, profit margins, inventory availability and automate every business functions, then SAP Business One is the one you can completely rely on. SAP Business One – Setting a foundation for business growth  SAP Business One empowers you to drill down further and gain a key insight as what is impacting your sales figures and what else can be done about it. Further, if you want to automate accounting tasks and manage your business, from every possible angle then SAP Business One is the best software that is not only enterprise-ready but is also af

Inventory management is a big deal. You need to store it in appropriate physical conditions, monitor expiration dates, protect it from any kind of damage, and if you made it successfully so far – you must count it accurately to make sure it is reflected in the books correctly. When you count your inventory once or twice a year, each count takes lots of time, usually done in a hurry, sometimes with outsourced help and may reveal significant gaps comparing to the books. To avoid unwanted surprises and continuously increase the accuracy of inventory status, SAP Business One enables you to set cycle counts on a regular basis: When conducting a frequent count, the counting process is more efficient, takes less time and if inconsistencies are discovered, they are probably minor. Investigating the cause of small inconsistencies revealed during a frequent count may prevent larger gaps in the future. Now, assign the relevant inventory cycle to the respective warehouse, either per item

1. Does the ERP offer global best practices that may help you not only overcoming business challenges but also improves your overall business operation transparency, streamlining of processes, increase productivity and reduce cost? 2. Does the ERP vendor have a global proven track record and are they committed to continuous investment,improvements & upgrade in their ERP product? Does it publish a product road map for next few years? 3. Does it works and compatible with latest technology and whether it supports IOT integration? 4. Can it be used both in cloud or on premise? 5. Does your ERP scalable, robust & flexible enough to grow & along with your business complexities? 6. Is your ERP have the flexibility to get transform and modify as per your business Requirements? 7. Is the ERP user friendly and can be easily used even by some layman with no or less training? 8. Is it quick to implement with low TCO? 9. Can Your ERP is viable enough to handsh

Please follow this link to further Understand the Flow Of MRP in SAP Business One The  MRP  module in   SAP Business One  provides the ability to plan material requirements in the complex manufacturing process. This module help us generate Production and Purchase Orders needed to produce a final product in the quantities and time specified by the product’s schedule, taking into consideration all the requirements for the product’s child items. SAP Business One   helps us ease and align the whole  MRP   Process into single scalable system giving us the total view of inventory,Purchase Orders, Production Orders, sales Forecast,and how efficiently one can serve their customer with on time delivery and with quality products. SAP Business One  helps you plan your production in the following ways. Project & Production Management Stay on top of all projects with real-time, cross functional reporting including manufacturing and logistics management, cost accounting, control

Whether you’re a small business owner, head up a division or subsidiary of a larger corporation, or an IT decision maker of either, you’ll share common requirements to improve business processes, access business information in real-time, and gain insights through flexible reporting and analytics. Designed for smaller, growing businesses SAP Business One is a complete package for anyone focused on improving cash flow management, growing revenue, improving customer satisfaction and retention, and increasing productivity and efficiency. SAP Business One is delivered with 42 country localizations and supports 27 languages, so it’s no wonder over 50000 customers worldwide are already using it to support their essential business functions. For Business Users SAP Business One provides a single system for processing analytics and transactions, smarter business process handling, accounting and financial management, sales and customer management, purchasing and operations ma

The word  SAP  often strikes fear in many small business owners. The misconception around the cost of SAP software for small businesses and how long projects take to implement can put some people off. However, a recent report showed that SAP continues to dominate the  ERP  market for  SMEs , compared to the likes of Oracle, Microsoft and Sage. When you analyze the cost of SAP Business One and how it has been specifically developed for small businesses, suddenly it’s an obvious choice for small businesses looking to upgrade their software. SAP Business One designed specifically for small companies and mid-size businesses, the SAP® Business One application is a single, affordable solution for managing your entire company – including financials, sales, customer relationships, and operations. Sold exclusively through SAP partners like Globus Labs , it helps streamline your operations from start to finish, gain instant access to complete information, and accelerate profitable

SAP Business One Cost can be evaluated unless and until you help us understand your business and assist us to give you all valuable inputs so that you evaluate the great values your business have against the Price or TCO of SAP Business One. Being able to get the same frequently asked question about the price and cost of SAP Business One, we at Globus Labs feel it necessary to make things available to our prospects so that they can get a better view in order to evaluate SAP Business One Price against its values. SAP Business One Cost  - Purchase as a 1 Time Cost SAP Business One user licenses are either Professional or Limited types, and each license must belong to a dedicated user. You don’t have to renew the licenses , its all about a secure one time investment on licenses. Annual maintenance for bug fixes, upgrades, and patch releases to the software is covered through annual maintenance, a percentage of the total spent on license. You need to have a dedicated server if

As a SAP Business One partner, one of the most common questions we’re asked is: “How long will an ERP solution take to implement?” And, of course, there’s no simple answer. Any number of different factors can affect how long it takes for a company to implement ERP, from the size of their business, to the complexity of their problem, whether add-ons are required, and how much time and effort stakeholders are willing to put into the project. According to a research, more than half (57%) of ERP projects undertaken in 2015 took longer to complete than expected. But what should be the expectation set as a realistic time frame for their roll-outs? And what’s their best bet for avoiding overruns ? Setting expectations In the past, SAP itself has said that SAP Business One can be set up in as little as four weeks. However, we wouldn't recommend that any company attempt to deliver an implementation in this time frame – you may be able to get the bare bones in pla

Your sales team is the face of your company. They are the first people your prospects speak to. They are the ones who make deals and build relationships on behalf of your company. They are usually the ones that your customers reach out to when they need more products or services from your company. As such, a sales team that is armed with the right tools to immediately meet the customer’s needs is more successful than one that needs to check back with head office about inventory availability. Arming your sales team with real-time, mobile access to inventory data gives them an advantage over your competition. With accurate inventory data at their fingertips, they can: Set Proper Expectations One of the worst things your sales team can do to a prospect or customer is make promises that the company cannot deliver on. By having real-time information at their fingertips about what’s on-on hand, on-order, or currently allocated, your sales team can immediately set customer exp

If you ask any company what the most challenging part of managing their business is – 9 times out of 10, they will say inventory management. This is because inventory management affects many different parts within a business organization – from warehouse management and on-shelf availability to loss prevention, financial audits and customer satisfaction. It only gets more complicated as more product SKUs and locations are added. As your business grows, how do you ensure you are maintaining the right amount of stock? Hold too much, and you may tie up working capital and inhibit growth. Not enough, and you may disappoint customers. A rock-solid inventory management system becomes even more critical when scaling your business. Businesses are faced with: ·          Duplicate entry into disparate systems Often, companies use multiple systems to help manage their operations, including QuickBooks and Microsoft Excel. Initially, they find that the systems become insuffi