April 2023

What’s in store for you in this month’s newsletter: 

1. How to Restore Your Business After a Cyber Attack

2. SAP Launches Cloud ERP Offering for Midsize Companies

3. BizOneNess: G/L, A/R, and Inventory in SAP Business One

4. 50 years of SAP: Klein says, “We’re just getting started”

How to Restore Your Business After a Cyber Attack As we continue to move toward a more digital world, cyber attack risks are ever-present, and the consequences can be severe. From financial loss to reputational damage, the fallout from a cyber attack can be devastating for businesses and individuals. However, with a well-planned recovery strategy, it’s possible to bounce back from the aftermath of a cyber attack and minimize the damage. A well-planned cybersecurity incident response and recovery plan for various types of attacks can be crucial to your company’s survival.
A recent study revealed that over 55% of large organizations worldwide cannot successfully handle cyberattacks or reduce their impact. Meanwhile, a staggering 83% of organizations had more than one data breach in 2022, according to an IBM study. Courtesy of SMB Solutions. https://www.smbsolutions.com.au/how-to-restore-your-business-after-a-cyber-attack/

SAP Launches Cloud ERP Offering for Midsize Companies Midsize companies are the growth engines of the future. But while they incubate the innovations and novel ideas that will change our world, they also struggle with many of the same business pressures as their larger counterparts. Midmarket leaders need flexible, agile tools to effectively manage their businesses and take them to the next level in an ever-changing, fiercely competitive, and often unpredictable market.
What we consistently hear is that a growing company needs the ability to scale without increasing costs and complexity. The last few years have also clearly shown how crucial agility is to any company’s success. In other words: growth cannot come at the expense of agility, and vice versa. Blog by Christian Klein, 
Courtesy of SAP News Center. https://news.sap.com/2023/03/grow-with-sap-cloud-erp-offering-midsize-companies/

G/L, A/R, and Inventory in SAP Business One
Over the last few newsletters, we've been looking at the general ledger and finance tables. In the last one, we looked at the general journal and how to write SQL queries from the general journal. However, I intentionally avoided asset accounts on the chart of accounts. Assets have some exciting quirks which present you with powerful reporting techniques. By Steven Lipton, CIO Scientific Device Laboratory, Author and Speaker on creativity, IOS, watchOS, and SAP Business One.  https://www.linkedin.com/pulse/bizoneness-gl-ar-inventory-sap-business-one-steven-lipton/

50 years of SAP: Klein says, “We’re just getting started”. 50 years ago five former IBM executives started a new conversation by forming a company called Systemanalyse und Programmentwicklung. Since then, new protagonists have emerged, markets have shifted, share prices have fluctuated and products have evolved, but one thing has remained constant. SAP is the market leader….by a mile. The Fortune Global 500 tells a compelling story – the world’s biggest companies trust SAP to run their operations. On top of these enterprise credentials more than 400,000 other businesses rely on SAP technologies for finance, procurement, sales, HR, planning and supply chain management. A blue thread runs through the heart of global commerce emanating from a small town in Germany called Waldorf and stretching out to all four corners of the world.
I used to doubt SAP’s claim that it touched more than 85 percent of world GDP: having spent so much time researching SAP, the only surprise is that figure isn’t higher. Ninety-nine of the world’s 100 largest companies are SAP customers – and for those who think they are all legacy clients, 85 are already running S/4HANA. By Paul Esherwood, Courtesy of ERP Today. https://us.erp.today/50-years-of-sap-klein-says-were-just-getting-started/?fbclid=IwAR1u8hiAUUMGtorjR0ywZ84avMqwNXo9Wi7BIItCjhpPOjR8zL7evEx3eFw 

4most Systems provides world-class, individually tailored and innovative business solutions for small, medium and large enterprises across industries and sectors. Established as an SAP Partner in 2004, we deliver ERP solutions utilising SAP Business One at the core. With offices in South Africa, Botswana and Namibia as well as a growing economic footprint in the DRC, Kenya, Zambia, Malawi and Tanzania, the company has a strong base, being the first and only partner to establish all-round SAP competency, offering over 30 years of experience and skills. https://www.4most-systems.com/contact