Everything to do with SAP Business One, ERP projects and business software
Artificial intelligence in the ERP context raises high expectations, as significant productivity gains, far-reaching automation and more informed decisions are on the horizon. Nevertheless, many companies are currently hesitant when it comes to practical implementation. This is mainly due to the fact that implementation risks, unclear potential benefits, high integration costs and cultural hurdles often act as a massive brake.
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However, the solution approach is not to replace the monolith, but to modularise it step by step: Using an API-first strategy, external microservices, a clear three-tier architecture and hybrid integrations in cloud platforms, the ERP core is decoupled, supplemented in a targeted manner and progressively relieved - without jeopardising ongoing operations.
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Today, companies are investing massively in AI technologies, intelligent automation and modern
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The GoBD includes a large number of requirements designed to ensure that bookkeeping is proper and unalterable. This applies to both the actual bookkeeping and the storage of the corresponding data. A key component is the procedural documentation, which describes in detail how the accounting processes run and how the data is managed.
Every taxable company in Germany, regardless of its size, must fulfil these requirements. This applies to both sole proprietorships and large groups such as DAX-listed companies.
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Disrupted supply chains and rising costs, which are currently affecting manufacturing and trading companies, were first triggered by the pandemic and have now been exacerbated by the war in Ukraine. The latest reports on the business climate are causing many companies to switch to crisis mode or at least to focus intensively on a worsening of the crisis. Fortunately, companies with a solid ERP system have an important tool at their disposal. Automated inventory management can be essential for companies that are affected by disrupted supply chains and want to survive these uncertain times.
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The introduction of ERP software at a medium-sized company has been methodically researched, practised and almost standardised. Whether it's a short blog article or a multifaceted specialist book, they all describe a more or less similar procedure for implementing business software.
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This is no different in the case of ERP systems. However, there are good reasons why it is important to bring the software up to date. Here are six of them.
Read MoreERP software has countless functions that are supposed to support every employee of a company. In the meantime, it is almost a matter of course that these services can also be accessed on the move. Basically, people expect mobile ERP software.
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It's not quick and easy to decide in favour of a new ERP system. The first question to answer is whether you need software at all? And if the company already has one, does it really always have to be faster, better and newer? And these questions are justified. But even as an ERP consultant, they are not easy to answer.
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The uncertainty is great. The new General Data Protection Regulation (GDPR) poses additional challenges for every company. You can find an overview of the content here. As an SAP Business One partner, we naturally ask ourselves what needs to be considered in relation to GDPR and ERP operations. To avoid fishing in the dark, we asked lawyer Wolfgang A. Schmidt, a recognised expert on the subject.
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