With recent advancements in technology, organizations have gained the ability to collect, store, analyze and share large amounts of data — also referred to as big data. From data about the performance of prototypes in certain testing phases to statistics regarding the effectiveness of marketing campaigns to information about consumers’ acquisition behavior, this data is critical to effectively developing, marketing and selling products and services.
Of course, managing such large swaths of data can be difficult. To utilize information effectively, organizations need to be able to collect and transmit it securely, analyze it accurately and update it in real time whenever changes are made. In this endeavor, they face several significant challenges.
First and foremost, cybercrime is on the rise, with criminals going to great lengths to obtain sensitive and proprietary data. Second, analytics tools need to be robust and provide all the features required to analyze data, make projections and generate insights. Third, if data is being used by more than one user at a time, it needs to be updated across the board to prevent costly errors.
It’s critical for organizations to find the right data collection, management and analytics tools. Various data management tools are available, but since its introduction in 2002, SAP Business One has proven to be one of the strongest ERP systems available for small to medium-sized organizations on the market today.
When SAP Business One was first launched, the Microsoft SQL server provided a robust database for this system. However, in 2011, SAP upgraded Business One with a brand new database to meet users’ expanding needs. This database — which is known as HANA — creates the best outcomes with minimal effort. Many organizations that use SAP B1 with SQL are interested to know what makes B1 HANA a better data management tool than their current setup. There are two distinct reasons:
B1 HANA Enables Users to Find Exactly What They Need Fast
As we’ve seen, organizations are collecting increasingly large amounts of data. Using Business One with SQL, data is stored on a computer’s hard drive and retrieved from it when prompted by the user. In contrast, HANA is an “in-memory” option that taps directly into the system’s RAM. This setup allows users to access the data much faster than with the SQL database.
In addition, when it’s correctly implemented, HANA covers the database of the entire organization. Users no longer have to rely on others while searching for data. They can enjoy faster, unlimited access to the information they need to do their jobs.
The Solution Provides Enhanced Business Analytics
Collecting and storing information has value only when an organization knows how to implement effective data analytics. All the data gathered from various sources at various times can be analyzed to generate insights that inform strategy, effectively driving an organization’s business plans.
With the latest release of SAP HANA, SAP Business One now includes an Analytics Portal that offers improved real-time access to multiple users on multiple devices. It enables users to perform analyses, view reports and publish relevant documents, which eliminates the need for a separate database for analytics. Instead of requiring organizations to invest in a costly add-on or customization, it provides a single, easy-to-use platform that offers instant access to data, analytics and insights.
Access SAP Business One HANA Solutions
With more and more organizations embracing digital transformation and reaping its advantages in terms of agility, responsiveness and cost-savings, it’s crucial to invest in ERP software that can manage big data and seamlessly provide access to all the features needed to leverage this data — as well as generate the all-important business insights required for innovation and sustainable growth.
SAP Business One HANA On-Premise, SAP Business One Hybrid and SAP Business One HANA Cloud are three different deployments of SAP’s highly effective ERP system that can benefit small to medium-sized businesses across all industries. Each version is designed specifically to meet the needs of today’s forward-thinking organizations, regardless of their specific requirements for deployment.
The on-premise version, although it requires a larger investment in terms of hardware, offers a level of security that might be attractive to organizations in certain sectors — such as the financial and health care sectors. The hybrid option enables organizations to deploy the solution onsite — yet with the flexibility of the cloud. And SAP Business One HANA Cloud offers a certain amount of flexibility when it comes to scaling up and down according to need and using add-on products.
For more information about implementing SAP Business One HANA for your small to medium-sized business, as well as to ask about SAP Business One HANA pricing, contact us today.