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As our current economic downturn gathers momentum and the rapidly deteriorating economic conditions continue to persist, many organisations are implementing operational cost saving measures in order to ride out the storm. Those organisations that will survive this period of slow or even negative growth are the ones taking the time to understand and control their current position whilst planning and investing for the future.
It is critical for CEOs and top executives to understand and effectively manage and control their cash flow. What are the current costs being incurred? How much revenue is being earned? Are investors willing to invest more in the organisation? Establishing lean processes and ensuring operational efficiencies has never been more crucial in surviving and even striving in a slow economy.
Cost savings, however should never be the sole focus of any organisation. Taking a step back and refocusing on the vision and strategy will place the organisation in the position to aggressively foster rapid growth once the economy begins to improve.
A key aspect of achieving this is to ensure that an effective system that keeps track of operations, inventory, and cash flow is put in place. Accuracy and on-time reporting is critical for decision makers as they report their position to key stakeholders, investors and banks.
SAP prides itself in providing SME organisations with the solutions that help attain transparency and operational efficiencies. Our new Software-as-a-Service (SaaS) solution, SAP Business ByDesign, is a particularly good fit for companies where cash flow and transparency are important. With a SaaS solution there is no upfront investment, only a monthly subscription fee which makes this an affordable investment in sustainability and future growth. Alternatively, click on the links below to read about our offering in more detail.
Pentagon Chemicals
Award- winning Pentagon is a leading UK based independent manufacturer of fine and speciality chemicals, delivering a side range of process technology and services to 250 customers. With two production operations and a global network of 800 suppliers, Pentagon turned to the SAP Business ByDesign solution to help manage its business processes efficiently and transparently.
Click here to read the full article
TMG Telecom
TMG Telecom is a rapidly growing UK company specializing in managed services for telephony and convergent Voice Over IP (VoIP) technology. The SAP Business ByDesign solution brings the company an affordable and reliable leading-class business application platform to support future business growth.
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For more information on SAP please contact David Spry on: david.spry@sap.com. Alternatively contact Stuart Packham Director of Michael Page Technology on stuartpackham@michaelpage.com
