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  • Suggest You - SAP Business One

    Websites: Online Real Estate
    You can make good money off the internet running a website but the competition is very fierce which is why many choose to stay away from it as much as possible. Some people launch websites and build up traffic through some advertising campaigns and some Myspace promotion and they once they start making a little money they quickly sell the website. Since websites usually sell for 10 to 12 times profit, you can start a website spend $500 advertising to get it enough traffic to make $250 in it first month. At the end of that month you can sell the site for $2500 to $3000.Some people skip running websites period and set up what most call turnkey sites. Turnkey sites are websites that are brand new that have no traffic or revenue and just need to be promoted. Since you can
    he Items list with proper classifications. Possibilities are many.

      Customized Vs. Ready product
    • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
    • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
    • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

      Education to customer
    • ERP implementation is beyond a customer & vendor relationship. Cus
      Short Sale Real Estate Investing - Pit Bull Theory
      You’ve decided to get involved in short sale real estate investing, and you have a deal working. A distressed seller has asked for your help, and you’ve even gotten to first base with the lender. Negotiations have begun, but have stalled out because there seems to be some apathy on the lender’s part for getting this deal done… what now?Here’s the scenario- Mrs. Motivated called you six days ago with a house she needs to sell right away. Her husband walked out, leaving her saddled with payments of $900 per month, way over her head. She’s two month’s behind, with a mortgage balance of about $110,000, and a house value of about $125,000. Perfect conditions for short sale real estate investing.Your initial calls to her lender went well. You reached Mrs. Motivated’s
      My experience with SAP Business One

      Before I share my experience; with SAP Business One as a software product; let me share why I chose SAP Business One. With over 19 years of experience in IT and over 9 years in International Business Development, I thought my career was becoming monotonous. I felt a need to specialize in either a product or a vertical. However, it wasn’t easy to make a choice. It was then; a close friend & an ex-colleague introduced me to SAP Business One. I already had fairly sound exposure to SAP R/3 & the company (SAP, AG); & hence my choice was obvious.

      Why does anyone select SAP?

      The company is an unchallenged leader in ERP segment.
      SAP has one of the best-packaged software product ranges.
      SAP’s line of business is just ERP.

      SAP’s Commitment to Customer:
      Their products are continuously upgraded.
      They have a fantastic support mechanism.

      I haven’t had any exposure, per say, to any other products in the same segment, but I knew I was making the right choice.

      As I started exploring & using SAP Business One more & more, I realized that there are certain outstanding features, which enable you to achieve great results without using the coding route. The feature I like the most is User Defined Fields (UDF) & especially the combination of UDF and Formatted Search. You can literally map almost any complex process in your logistics and achieve a result through a work around by using these features. I always advice my customers and also my team, to stretch the application to its optimum level before you go the coding way. The beauty is that even the users or functional consultants (without any coding knowledge) can create user defined fields or tables.

      Now let me share some real life experiences,

        Methodology:
      • The implementation team should make sure that kick-off meeting should highlight and define the involvement and commitment from the customer rather than technical intricacies of the business processes or the product.
      • Get as much details of customer’s business processes as possible. Get down to the document level and field level. If the customer is a little worried about confidentiality, go ahead and sign an NDA or mention the option of blank forms.
      • Once the solution is ready, demonstrate the solution to the customer and spend time with all the key users till they understand and ask them to enter a few real life transactions while you are onsite.
      • If there are any suggestions, make revisions and install the solution as a Training company. Request the customer’s project coordinator to follow the mantra of Practice! Practice!! AND More Practice!!!
      • These typically are conference room pilots, which ensure that there are no last moment surprises.

        ERP & Business Process Reengineering
      • Any ERP implementation gives you a good chance to refine / re-define your existing processes; provided you look at it with an open mind. I have seen lot of companies deriving huge benefits just by following “Best Practices” recommended by SAP.
      • The obvious advantage the customer gets is the productivity of the staff and their time is utilized in actual work like follow-up with customers or vendors rather than manipulating figures in half automated programs.
      • You can also get rid of lot of data redundancies. You might not have dealt with some vendors for years or some items may not be in use any more. You can re-look at Item or Customer codifications to make it more logical or trim-down the Items list with proper classifications. Possibilities are many.

        Customized Vs. Ready product
      • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
      • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
      • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

        Education to customer
      • ERP implementation is beyond a customer & vendor relationship. Cust
        Is Corruption Fuelling Inflation In A Big Way
        New Delhi, 16th March, 2007: It is a volatile time in India. Long before the Ides of March, the weather has been playing a lot of games: it was quiet in parts of January and even early February, then came welcome, unexpected rains and hills had snow as had much of the west. Then the Indian stock markets had a bloodbath. It was down 900 points, the Sensex, in four days flat; it was 1,000 points down in December last year. Both times, bulls came aggressively back and have started recovering ground yet once more.Then the devilish inflation came like a rocket and the rulers are in panic, the inflation refuses to stop even though the financial wizards of the government and the Reserve Bank have taken a good number of steps. Money has been reduced in the hands of the banks,
        antastic support mechanism.

        I haven’t had any exposure, per say, to any other products in the same segment, but I knew I was making the right choice.

        As I started exploring & using SAP Business One more & more, I realized that there are certain outstanding features, which enable you to achieve great results without using the coding route. The feature I like the most is User Defined Fields (UDF) & especially the combination of UDF and Formatted Search. You can literally map almost any complex process in your logistics and achieve a result through a work around by using these features. I always advice my customers and also my team, to stretch the application to its optimum level before you go the coding way. The beauty is that even the users or functional consultants (without any coding knowledge) can create user defined fields or tables.

        Now let me share some real life experiences,

          Methodology:
        • The implementation team should make sure that kick-off meeting should highlight and define the involvement and commitment from the customer rather than technical intricacies of the business processes or the product.
        • Get as much details of customer’s business processes as possible. Get down to the document level and field level. If the customer is a little worried about confidentiality, go ahead and sign an NDA or mention the option of blank forms.
        • Once the solution is ready, demonstrate the solution to the customer and spend time with all the key users till they understand and ask them to enter a few real life transactions while you are onsite.
        • If there are any suggestions, make revisions and install the solution as a Training company. Request the customer’s project coordinator to follow the mantra of Practice! Practice!! AND More Practice!!!
        • These typically are conference room pilots, which ensure that there are no last moment surprises.

          ERP & Business Process Reengineering
        • Any ERP implementation gives you a good chance to refine / re-define your existing processes; provided you look at it with an open mind. I have seen lot of companies deriving huge benefits just by following “Best Practices” recommended by SAP.
        • The obvious advantage the customer gets is the productivity of the staff and their time is utilized in actual work like follow-up with customers or vendors rather than manipulating figures in half automated programs.
        • You can also get rid of lot of data redundancies. You might not have dealt with some vendors for years or some items may not be in use any more. You can re-look at Item or Customer codifications to make it more logical or trim-down the Items list with proper classifications. Possibilities are many.

          Customized Vs. Ready product
        • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
        • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
        • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

          Education to customer
        • ERP implementation is beyond a customer & vendor relationship. Cus
          Advertising in Newsletters
          In this article we will discuss advertising in other companies’ newsletters and how it can be as equally beneficial.By advertising in other newsletters, you can reach an audience which is highly targeted and cost effective. Moreover, you can never be accused of spamming as all the recipients have subscribed to the newsletter.There are so many newsletters out there covering so many different topics that it's easy to find highly targeted ones to advertise in. So if you've matched the newsletter to the product you're selling, you've reached your target audience.Almost all newsletters are archived, thousands of people read these archives, and your ad will be seen by these people at no extra cost. This can bring in exposure and extra sales on a long term
          real life experiences,

            Methodology:
          • The implementation team should make sure that kick-off meeting should highlight and define the involvement and commitment from the customer rather than technical intricacies of the business processes or the product.
          • Get as much details of customer’s business processes as possible. Get down to the document level and field level. If the customer is a little worried about confidentiality, go ahead and sign an NDA or mention the option of blank forms.
          • Once the solution is ready, demonstrate the solution to the customer and spend time with all the key users till they understand and ask them to enter a few real life transactions while you are onsite.
          • If there are any suggestions, make revisions and install the solution as a Training company. Request the customer’s project coordinator to follow the mantra of Practice! Practice!! AND More Practice!!!
          • These typically are conference room pilots, which ensure that there are no last moment surprises.

            ERP & Business Process Reengineering
          • Any ERP implementation gives you a good chance to refine / re-define your existing processes; provided you look at it with an open mind. I have seen lot of companies deriving huge benefits just by following “Best Practices” recommended by SAP.
          • The obvious advantage the customer gets is the productivity of the staff and their time is utilized in actual work like follow-up with customers or vendors rather than manipulating figures in half automated programs.
          • You can also get rid of lot of data redundancies. You might not have dealt with some vendors for years or some items may not be in use any more. You can re-look at Item or Customer codifications to make it more logical or trim-down the Items list with proper classifications. Possibilities are many.

            Customized Vs. Ready product
          • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
          • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
          • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

            Education to customer
          • ERP implementation is beyond a customer & vendor relationship. Cus
            Regulated Forex Brokers - Your First Major Currency Decision
            Choosing the right Forex broker is a hard decision to make. Most of them have different features, capabilities, weaknesses and advantages. But the first question that should come in your mind should be - “Is it a regulated Forex broker?”The regulated Forex brokers are forced to keep the transactions transparent with documented financial reports as they must submit those reports to regulatory authorities. And when they fail to do it, authorities have the right to fine them or terminate their membership. A regulated Forex broker allows the resolution of any dispute increasing the investor protection.Your broker will ensure the safety of your money. You also get a chance to file appeals in the case of bankruptcy. Moreover, a regulated Forex broker firm will also en
            ctice!! AND More Practice!!!
          • These typically are conference room pilots, which ensure that there are no last moment surprises.

            ERP & Business Process Reengineering
          • Any ERP implementation gives you a good chance to refine / re-define your existing processes; provided you look at it with an open mind. I have seen lot of companies deriving huge benefits just by following “Best Practices” recommended by SAP.
          • The obvious advantage the customer gets is the productivity of the staff and their time is utilized in actual work like follow-up with customers or vendors rather than manipulating figures in half automated programs.
          • You can also get rid of lot of data redundancies. You might not have dealt with some vendors for years or some items may not be in use any more. You can re-look at Item or Customer codifications to make it more logical or trim-down the Items list with proper classifications. Possibilities are many.

            Customized Vs. Ready product
          • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
          • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
          • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

            Education to customer
          • ERP implementation is beyond a customer & vendor relationship. Cus
            Hosting Your Online Business - Some Practical Selection Criteria
            A crucial part of building your successful online business is web hosting. Hosting has to be fast and supported by as high an uptime as possible. At the same time hosting should be affordable when you start up your online businesses. I have tried many hosts over the years and have made the experience that “cheap” usually turns out to be fairly expensive.Here are some general criteria you should consider when selecting the right hosting solution for your websites:Technology - if you have a dynamic website based on open source technology (PHP, MySQL) you will need to select a host that supports this technology. Further you will need to check which scripts and so forth are supported.Speed / Backbone Connectivity - this usually is a piece information that for
            he Items list with proper classifications. Possibilities are many.

            Customized Vs. Ready product
          • As mentioned earlier, it is very important to set the expectations of the customer right, explain to them the realities and how their existing business processes will get mapped “one-on-one” with the product.
          • It’s better that the users start using the product much before going live. This gives them time to familiarize themselves with the new environment and know the features of the software that are related to their work responsibilities.
          • Emphasize that the customer will derive the benefits over a period and that the solution will evolve as they get ideas about various report opportunities and new features through new releases, updates & add-ons.

            Education to customer
          • ERP implementation is beyond a customer & vendor relationship. Customer’s role doesn’t end after placing an order with the implementation partner. In fact the customer has to be an active facilitator.
          • Customer should make sure that relevant resources are available as and when required and the CEOs or the Department Heads should ensure active involvement of relevant staff members / users.
          • Delays can be avoided when the Implementation partner commits the resources (team) and the customer provides data / information or feedback (or sign offs) on time.

            Some of the challenges we faced:
          • I had never imagined a “Remote ERP Implementation” that too for overseas customers. Initial projects were nightmares due to obvious facts such as difference in time zones, limited “Onsite” component (& hence communication with the customer), etc. However, precisely defined Implementation Methodologies and SAP’s recommendations helped a lot.
          • The biggest challenge and uninteresting (for me at least) part is data uploads. SAP Business One has a robust tool called Data Transfer Workbench (DTW). However, if it has to be robust, naturally it has to be strictly rule based. End users may not understand the “Technical Templates” and we spent lot of time cleaning up the data literally wasting time and ending up with delays in delivery and go-live. The easiest solution we found was creating our own templates to be submitted to the customer and then copy and paste the data into DTW’s templates.

          Hope this helps ERP aspirants including companies wanting to implement an ERP and professionals wanting to get into ERP world.

          The author is Practice Head for SAP Business One with Tandon Information Solutions and can be reached at vkulkarni@tandoninfo.com.

          Visit: http://www.tandoninfo.com

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