Is It Worth Bearing The Price Of SAP B1 Software In India For A Pharma Business?

by Dattatreya Kulkarni Co-Founder and Director

SAP Business One is one of the most popular ERP solutions available today. As a comprehensive business suite this one can be fully customized to suit the industry and the particular business too. The Pharma industry with its many challenges in operation will be able to eliminate a lot of problems with the help of SAP B1. There are many features that can be added or removed based on what your business actually needs. So, if you are worried about the price of SAP B1 software in India, you should know that this expense will be worth making.

Hurdles A Pharma Business Faces Commonly

To begin with, demand patterns are highly volatile. Except for the medications that are prescribed for chronic illnesses, most are only prescribed as and when required. As a result, there will be no pattern in the demand based on historical data. However, the business should be well-equipped to handle any sudden increase in demand,

Pricing policies keep changing based on changes in the legislation. Local legislation can make the market recommendations for the price of particular medicine or products fluctuate. Balancing the operational costs and raw materials costs and keeping up with the market trends can be challenging.

There might be a lot of complicated data for the pharma business to handle. And to gather this data and actually obtain insights from the gathered information, a streamlined ERP solution like Business One will be useful .

Benefits That SAP Business One Offers Pharma Businesses

At the price of SAP B1 software in India, you get some basic modules in Business One. Along with this you can also include additional modules. If you do not know what kind of modules to add or how much to stretch your budget to accommodate all the essential features for your business you can discuss your options with a trusted SAP B1 consultant. And when you implement a customized B1 solution here are some benefits your get:

● It simplifies costing strategies for pharma businesses. Based on the raw materials cost, market trends and other strategies, B1 can help you identify the right pricing strategies for your business.

● Streamlining a variety of tasks becomes easy. As all your data silos are connected with B1, the relationships between different teams and the efficient streamlining of these operations all become more evident.

● To keep up with the competition in your industry you need to continuously work on your marketing strategies. For this, SAP B1 comes in handy. It helps you capture the right business insights and thus identify the appropriate marketing goals. Based on this, designing your campaigns and also tracking them become easier.

● The billing and invoicing processes can all be fully automated with the help of SAP B1 integration. This helps in eliminating all types of gaps in finances.

Also Read: Customer-Vendor Integration in SAP Business One

Adding to your budget, the price of SAP B1 software in India will be a long-term investment for your business. This will be a way to enhance the operations and begin with automation in your pharma business.