SAP is the world’s best known Enterprise Resource Planning (ERP) system. It supports and automates business processes and related information flows as well as customer relationships.
However, SAP (Systems, Applications, and Products in Data Processing) which originated in Germany, was also created as a solution to centralize financial accounting systems in large companies.
In order to be fully effective, a SAP implementation requires extensive Business Process Reengineering with the accompanying change management strategies for all your business processes, as well as for corporate accounting.
Inevitably, companies have to involve third parties to facilitate other software integrations to SAP and to take care of the consequent system and software maintenance. All of this makes the ERP upgrade process much more time-consuming, complex, and costly than is ever anticipated.
Why is ERP Integration a Must-Have for Businesses?
ERP integration is the process of interconnecting ERP systems with other software applications used in the business. Effective ERP system integration aims to streamline the flow of business information and company workflows from distinct sources and conduct them into a unified system in order to extract maximum business value from:
- Automated Processes: Eliminate inefficient manual processes, such as data entry, multiple system updates, software and data conversions, and account reconciliations, by fully automating them.
- Real-time data: An integrated ERP permits everything to be updated in real time, from inventory counts to key performance indicators (KPIs), accounting data, and more.
- Single source of information: Communication and knowledge-sharing is facilitated across the organization – saving time, streamlining operations, and enabling informed decision-making
- VIsual workflow: working from a centralized database enables you to visualize cross-functional workflows for the entire organization
Different types of ERP Integration
ECommerce-ERP Integrations: an integration that synchronizes important data from the online commerce platform, such as orders, inventory, customer information, and shipping data with the ERP system.
CRM-ERP Integrations: Integrating your ERP and CRM software gives the business an overview of the available resources so that marketing and sales can modify or create campaigns that serve customers better.
Accounting-ERP Integration: This integration informs your ERP System with a range of accounting data and reports facilitating financial reporting, cash management, subscription management, collections, tax processing, and revenue recognition, etc.
Business Intelligence-ERP Integration: Integrating your BI systems with your ERP solution allows them to exchange business data in real-time and create a seamless information flow so you can better leverage these two systems.
Marketplace-ERP Integration: This integration facilitates faster transfer of data regarding order flows, product, and inventory data into and out of Amazon and other Marketplaces by using standardized workflows.
Point of Sale-ERP Integration: Integrating your POS and ERP systems provides you with real-time data sales data for better decision-making.
The perfect accounting solution
A digital platform with native integration with SAP ERP allows companies to take advantage of best-of-breed digital technologies and better use their existing hardware and software investments to help managers remain compliant with constantly evolving accounting and tax systems.
Comply’s SAP plugin is 100% compatible with the various SAP releases and eliminates the variable costs and change management issues associated with maintaining regulatory compliance.
Comply automatically synchronizes the data between your AP and your SAP ERP or other accounting system and eliminates the stress of budget-and-scope creep and deadline overruns that always accompany changes to SAP systems.
Furthermore, the Comply platform, which features native, reliable, and scalable integration with SAP ERP, guarantees that you will be fully compatible with all European and global e-invoicing regulations.