Why Indian Manufacturing Businesses Pick SAP Business One HANA ERP Software
“India, from a market perspective, was one of the fastest-growing markets and would be one of the largest markets for SAP in the future” – Christian Klein (CEO – SAP SE)
With a presence in over 130+ countries worldwide, the SAP CEO announced India as a fast-growing market for SAP. He further adds that the majority of Indian SMBs utilize SAP products to rapidly progress their businesses.
How SAP Business One HANA suits the Indian Business Landscape:
The Indian commercial landscape is as varied as the country itself. Geographically, languages change and so do the way businesses function. Such a diverse country demands a product that can cater to multiple industries with their own unique characteristics. Here, SAP Business One HANA rises as the ultimate ERP solution renowned for its flexibility and customization. Let’s explore this in detail.
1. Taxation: A growing economy like India calls for businesses to be tax-compliant and undertake their operations under strict financial regulations. With reports forecasting a 13% corporate tax growth by 2025, Indian SMBs demand a robust solution for Taxation. Adhering to tax compliance is mandatory for Indian businesses. Given the complexities, it often takes longer as each financial transaction is scrutinized personally or with the use of archaic systems that bog down the efficiency.
SAP Business One ERP software comes with robust tools to handle Indian taxation comprising of GST, VAT, and others dictated by the region. It facilitates seamless handling of taxation and related business operations to ensure watertight compliance during audit purposes. SAP B1 HANA also allows for a detailed financial transaction trail that can be useful for audit. After all, the matter of finances & taxation needs to be dealt with utmost care for long-term business prospects.
2. Competition: There are numerous businesses sprouting up every day with each looking for a foothold in the market. This means old or new, no businesses can turn complacent and are always required to be on their toes. The competition can only be surpassed by having a unique selling proposition (USP) for your business and maximizing its reach with sophisticated technology solutions.
SAP Business One HANA ERP software provides the ideal solution here. It allows businesses to streamline their processes and make do with the complexities. This enables a lean and agile organization capable of pivoting and sailing through the competitive markets.
3. Operational Issues: Indian businesses have been dealing with age-old problems of supply chain disruptions, labor issues, and others that are peculiar to the region. These adversely impact businesses stunting their growth potential. Some float on minimal profit levels while others burn up capital yet are forced to down their shutters.
SAP Business One HANA puts order into the business operations and smooths them out for efficient business management. With real-time dashboards and the speed of the in-memory Hana database, it brings speed and agility to the business processes. Managing complex supply chains or dealing with labor issues are a thing of the past with this reliable ERP, tailored for businesses in every industry
4. Price Sensitive Market: The Indian market continues to be influenced by price. Businesses are expanding and being modernized yet they seek a reasonable solution that doesn’t burn a hole in their pockets.
Here, SAP Business One HANA trumps the game with its affordability enabling businesses to have one less financial worry. The standard implementation suffices most businesses and business owners only pay for added customizations and users. Consulting an experienced SAP Business One Partner in Mumbai can help businesses determine the ideal SAP B1 implementation for their organization.
5. Growing: Serving a diverse audience often requires businesses to implement multiple product/service lines & their processes. Indian manufacturing businesses need a business transformation solution that grows with them. They need a solution that is not only scalable but also remains agile with the added load.
SAP Business One HANA ERP solution was designed keeping in mind this growth factor of SMBs. It scales effortlessly to undertake the added business complexity without causing disruptions to the operations. It’s the best ERP for growing Indian businesses. SAP Business One HANA drives strategic business growth.
Closing Thoughts:
The Indian business landscape holds the promise of transforming into a powerhouse in the upcoming years. Its challenges are varied but can be tackled by the business solutions of today. SAP Business One HANA is the industry-leading ERP solution that delivers traits of being comprehensive, flexible, and scalable for fledging Indian manufacturing businesses.
SAP Business One HANA implementation in India requires businesses to team up with a renowned SAP partner. SoftCore Solutions – SAP Business One Gold Partner offers unmatched expertise when it comes to SAP B1 HANA implementation pan India. They offer SAP B1 HANA ERP solutions tailored for simplifying business growth and gearing them for growth. With over 20+ years of SAP experience, SoftCore Solutions has established itself as the go-to SAP partner in India for SAP Business One HANA. Book a call to experience how SoftCore Solutions can be the perfect ally for your business in the flourishing Indian economy.