Need to know what is the Best ERP Solution for your Business?
Have you outgrown your current ERP or Accounting Solution? Let us help you decide. Inquire now for a Free Assessment.
Need to know what is the Best ERP Solution for your Business?
Have you outgrown your current ERP or Accounting Solution? Let us help you decide. Inquire now for a Free Assessment.
SAP S/4 HANA is SAP’s next-generation enterprise resource planning (ERP) software suite built around HANA, its proprietary, in-memory, columnar database.
Where previous generations of databases handled real-time tasks like processing orders in an online transaction processing system (OLTP) and more complex tasks on a different online analytic processing (OLAP) system, HANA merges OLTP and OLAP in an architecture that shrinks the data footprint and enables businesses to access data real-time, since it runs reporting on the same structure that is processing transactions.
Before HANA, SAP didn’t have its own database. Its customers would run SAP ECC (ERP Central Component) — the previous generation of applications — on a third-party database, such as Oracle or SQL Server.
Because of its simplified architecture, SAP HANA can potentially save an organization 37 percent across hardware, software, and labor costs.
Early implementation of S/4HANA showed that users experienced a 15 percent to 20 percent improvement in employee productivity; sourcing savings of 10 percent to 15 percent; a 5 percent to 6 percent reduction in accounts payable errors; a 5 percent to 10 percent improvement in supplier compliance; and a 10 percent to 15 percent improvement in procurement savings. In addition, real-time inventory processing and visibility can cut short order lead times by 20 percent and reduce the number of days in inventory by 9 percent.
The S/4 HANA Business Suite features ECC running on a HANA database, with a dramatic speed boost, improved reporting and a much better workflow through SAP’s Fiori UX interface.
While running the same ECC applications on the new, faster database might require some changes, companies can do so without having to make any major strategic decisions—and still get a better return on investment.
Implementing the S/4HANA modules, on the other hand, entails replacing existing ECC applications with different programs.
SAP S/4HANA modules are the individual components of S/4HANA that provide functionality in various business segments. S/4 HANA modules are not mere copies of ECC programs, but the ECC 6.0 applications built from the ground up to improve performance, standardize deployments and add new functionality.
Some companies may not want to implement S/4HANA modules right away and instead realize some S/4HANA Business Suite functionality quickly, or control costs, minimize disruption or maximize existing investments.
On the other hand, S/4HANA Modules fully harness the increased power of the database to meet various complex industry use cases.
Available on-premise or in a private cloud environment, S/4HANA offers enhanced efficiency and performance through a simplified database structure and a personalized, consumer-grade user experience that can help drive instant value across all lines of business.
With S/4 HANA, businesses can:
Digitize their finance processes. S/4HANA helps businesses understand financial performance in real time to improve the effectiveness of finance processes – from planning and analysis to period end close and treasury management.
Specifically, SAP’s new ERP software will help companies enhance financial planning and analysis, simplify accounting and financial close processes, improve treasury and financial risk processes, support collaborative finance operations, and manage enterprise risk and compliance more effectively.
Take control of their supply chain. S/4HANA provides increased visibility across a company’s digital supply chain and uses machine learning technology for logistics, manufacturing and asset management to improve business agility.
This will enable them to integrate inventory and logistics processes, improve production planning, support complex assembly processes, accelerate manufacturing workflows, enable efficient maintenance management, and enhance quality management.
Stay ahead of their procurement needs. Businesses can use intelligent applications with machine learning to improve supplier management, streamline purchasing, and deploy collaborative sourcing and contract management.
With S/4HANA, companies can gain in-depth purchasing insights, streamline operational purchasing, automate sourcing and contract management processes, gain an in-depth view of their supply chain, simplify procurement processes, and manage commodity procurement effectively.
Manage product lifecycles more effectively. Companies can develop a fully-aligned product portfolio that allows them to manage lifecycles, control production costs, and deploy resources effectively from across their organization and beyond.
In addition, S/4HANA can help improve project control and product development, manage enterprise projects effectively, streamline product lifecycle management, and speed up engineering processes.
Achieve insights across their business. S/4HANA provides companies with a complete picture of their operations and uses customer insights to help marketing, sales, and service teams work more productively, grow revenue and accelerate opportunities.
This enables them to integrate order and contract management, improve sales performance management, and streamline core HR and payroll processes.
Develop industry-specific functionality. Companies can customize their core system to meet the specific needs of their organization without the typical challenges of integration and custom coding.
There are two editions of S/4HANA: On-Premises and Cloud.
SAP S/4HANA On-Premises is similar in terms of coverage, functionality, industry-specific support, and localization to the SAP Business Suite. This edition is available for on premise deployment and as a hosted offering.
SAP also offers SAP S/4HANA Cloud, which consists of functionality for finance, accounting, controlling, procurement, sales, manufacturing, plant maintenance, project system, and product lifecycle management.
Companies can configure SAP S/4HANA to meet their individual business needs with capabilities for every line of business as well as industry-specific functionality. With on-premise and private cloud environments, they can deploy a solution that suits their specific requirements.
Companies that are interested in the benefits of S/4HANA can get in touch with FastTrack to learn more about its core features and go through a demo that shows it in action so they can assess its critical features, pricing and the system’s ease of use.
FastTrack can also help existing SAP customers explore conversion and upgrade options to help them enjoy the benefits of SAP’s next-generation ERP software.
FastTrack provides implementation and consulting services to the Philippine and international market sharing best practices and improving businesses worldwide.
For a better understanding of SAP S/4HANA, we could set a meeting for you to see its core features. A demo will let you see SAP S/4HANA in action so you could assess its critical features, the system’s ease of use and how it could help your business grow.
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Odoo CRM is designed to improve how you manage client interactions and generate income. As part of the Odoo ERP package, it offers a comprehensive set of tools that are both strong and easy to integrate with other corporate functions. Here's what makes Odoo CRM stand out:
Benefits of Odoo CRM
- Enhanced Customer Relationships: Odoo CRM Odoo CRM helps businesses improve their customer relationships by providing enhanced features and functionalities. Odoo improves customer relationships by providing a unified platform for keeping track of interactions, managing communications, and analyzing customer behavior.
- Increased Sales Efficiency: By implementing automated lead management, follow-up reminders, and customizable sales pipelines, you can enhance the efficiency of your sales process. Enhance the productivity of your sales team and accelerate the process of closing deals.
- Data-Driven Insights: Using data-driven insights, you can gain valuable information about your sales success through real-time analytics and reporting. When making decisions, it's important to consider lead conversion rates, sales projections, and customer trends.
- Seamless Integration: Odoo CRM can be seamlessly integrated with other Odoo modules, including Sales, Marketing, and Accounting. This integration creates a cohesive system that improves operational efficiency.
Key Features of Odoo CRM
- Lead and Opportunity Management: Collect and nurture the leads across multiple sources and use the provided stages to manage Opportunities through the Pipelines and convert into the actual sales.
- Automated Workflows: Use some workflows and follow-up alerts to ensure that you interact with the prospects and customers at the right time.
- Customizable Dashboards: It also offers the options of personalizing the CRM dashboard and you can decide which information has to be provided on the home screen for easy access by your team members. This makes it much easier to deal with KPIs or any other factors that need monitoring in the course of running the business.
- Advanced Reporting: They should be able to produce comprehensive reports and analysis of the various activities carried out in relation to sales, issues to do with the customers, and styles of pipeline to be followed in order to come up with the right strategies.
- Email Integration: You can integrate Odoo CRM to your email accounts so as to deal with interactions and communications from inside the CRM interface.
- Mobile Access: Use Odoo CRM on your device and help your sales team when they are traveling.
Odoo CRM Pricing
Odoo CRM has an open-source price structure, which means that organizations will work according to the companies’ subscribed plan. The cost model is designed so that only the required modules and the number of users are taken into account.
- Odoo Community (Free): he tools of the CRM are available in the Community version and this is why the pricing strategy of the Community edition is reasonable for small businesses or companies that are still in the process of making
- Odoo Enterprise (Paid): As for the organisations requiring additional functions and support, there is Odoo Enterprise, available with the paid option. The cost depends on factors such as:
- Number of Users: Pricing is based on the number of person who will be using the CRM.
- Selected Modules: Additional modules and features can be included in your package, and these greatly impact on the pricing plans.
- Hosting Options: There are two options to opt for: Cloud hosting with Odoo Online or on-premise, which influences the whole price.
How Can Odoo Accounting Enhance Your Financial Management?
Streamline Your Accounting Processes
Odoo Accounting is your best and much-needed solution in the management of your finances efficiently. Divided into tabs, and with tabs’ properties easily found and accessed, it becomes quite simple to deal with invoicing, expenses, and accounting.
- Automated Invoicing and Payments: Simplify your company’s work by generating and delivering invoices in a few easy steps. Record payments, make recurring invoices and decrease mistakes to help save time.
- Expense Management: Add, categorize and capture your expenses with ease to ensure you minimize on costs and unnecessary expenses on finance.
- Integrated Financial Reporting: Obtain real-time reports and online analytical tools which would reveal the details of financial situation and results of the business.
Ensure Compliance and Accuracy
Ensure your financial data is accurate and compliant with regulations through Odoo Accounting’s advanced features and support. The system helps you stay on top of financial requirements and make data-driven decisions.
- Regulatory Compliance: Ensure your accounting stays compliant with local tax laws and standards through automated updates and built-in compliance tools.
- Detailed and Customizable Reports: Produce numerous accounting reports that covers its operations and prepares balance sheets and statements of revenues and expenses.
- Expert Support: When using Odoo Enterprise, expect to get support and updates then it will enhance the execution of the accounting flows.
Integrate Seamlessly with Other Business Functions
Odoo Accounting is specially programmed to integrate with other modules existing in the Odoo ERP system thus making the business operations easier. The linking of other important modules like Sales, Inventory, and Purchasing make financial data to be well integrated in every aspect of your business. The logical connected approach mentioned above means no data isolation, cuts on duplications and a complete vision of your financial and operational results. As a result, with the help of Odoo Accounting, which is one of the company management tools interconnecting the financial processes with other business processes, you can easily improve the potential of your business due to the effective management of the company finances and, as a consequence, receive improved data for strategic decision making.
What Are the Distinct Features of Odoo Software?
User-Friendly Customization Features
Some of the flexibility Odoo has is easily customizable user interface makes it possible for users to customize the software. Make changes with ease to the basic configurations, designs, and structures in order to adapt well to the needs of your organization.
- Intuitive Customization: The functionality of Odoo is very user-friendly; it’s possible to make alterations in important elements of the software such as reports, dashboards, and workflows as necessary.
- No Coding Required: Functionality has been created which allows easy modification of different features and interface layouts without worrying about complicated programming languages.
- Adapt to Your Needs: Adapt the various features of the software to the company’s functions and needs, thus improving its functionality.
Advanced Odoo Security and Data Protection Features
Odoo’s advanced security features protect your business data with strong safeguards. These include role-based access controls, encryption, and regular updates to secure information from threats.
- Role-Based Access Controls: Set permissions and access levels to ensure that sensitive information is only available to authorized users, with robust security features tailored to your needs.
- Data Encryption: Protect your data using encryption features that secure it both in transit and at rest, safeguarding your sensitive information.
- Regular Security Updates: Benefit from ongoing security features, including regular updates and patches that address potential vulnerabilities and enhance overall protection.
Support for Diverse Business Models Features
Because of its extended options and industry-specific add-ons, Odoo adapts to numerous business models. These features allow the businesses irrespective of the nature of the industry to plan and carry out their activities effectively.
Industry-Specific Modules: Take advantage of specialized options that are in modules manufactured for specific sectors such as manufacturing, retail and services industries.
Flexible Functionality: Use Odoo in a way that could change its setting depending on the different business types and their requirements.
Comprehensive Solutions: Use Odoo’s capabilities for efficient management of business operations and promote various activities.
As for the convenience, functionality, and flexibility, Odoo ERP system is fantastic to implement for various types of businesses and scale them up. The two-cost structure which is Odoo Community and Odoo Enterprise makes it easy for businesses of all types and sizes to find the most suitable option to fit the business needs as well as the budget.
Some of the specific features about Odoo that make it a very effective tool are that besides being modules unto themselves, CRM, Accounting, and a lot of other business functions are built into the platform and by being connected, they improve productivity, allow for efficiency by having access to real-time data. Customization for easy accessibility, robust security and multi industry functionality makes the system a perfect tool for various companies to use in a bid to enhance their operations for the enhancement of growth.
Whether you are a startup or large enterprise Odoo is uniquely positioned with its flexibility and all encompassing features to revolutionize how your business is run and expanded.
Finding it hard to run your business with a manual set-up?
Having difficulty tracking your monthly expenses and cashflow?
Are your tax payments up to date?
We have the right business software solution package for you!
Odoo ERP, streamline your entire business on one platform—simple, efficient, and affordable.
Our Starter Packages Include everything you need:
- (3) Licenses with 1-year subscription, cloud server hosting, unlimited online support, and maintenance.
- Implementation Services
Get in touch with us to explore tailored solutions that fit your unique needs. Our team of experts is ready to guide you through a seamless Odoo implementation and help you optimize your operations for maximum efficiency.
Don’t wait—schedule your personalized consultation today and take the first step toward transforming your business with Fasttrack!
MANILA
10/F The Valero Tower, 112 Valero St.,
Salcedo Village, Makati City, Philippines 1227
CEBU
2/F AMV Bros. Building, 9 F, Cabahug St.,
Mabolo, Cebu City, Philippines 6000
DAVAO
4/F Topaz Tower, Damosa IT Park,
J.P. Laurel Ave., Lanang, Davao City,
Philippines 8000
SINGAPORE
8 Cross St., #24-03/04 Manulife Tower,
Singapore (048424)
OFFICE HOURS
Monday to Friday
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