Staying on top of expenditure is critical for all businesses, but even more so for smaller companies. If you are unable to manage your costs your cash flow will dry up and so will your profit.
On the other hand, if you create too many manual checks and controls you lose efficiency and will spend too much time chasing after paperwork. So how do you find the balance between controlling cost and maintaining efficiency and flexibility?
SAP Business One allows you to set up automated controls such as:
- Budget Controls to limit or notify you of spending.
- Multi Level Approvals to control entry of chosen transactions.
- User Definable Alerts to notify you of events e.g. transactions higher than a certain value.
- Various standard reports to get real-time information on your comapies health.
- Unique Drag-and-relate reporting to get quick information on Customers, Items, Sales, etc.
- Configurable DashBoards to give you a high level view of your company.
These are just some of the features in SAP Business One that will help you to manage your costs without drowning in red tape.