Optimal Features for Complying with New Company Law and Japanese SOX Act
Tokyo — SAP Japan Co., Ltd. today released the latest version of SAP Business One 2004.2B, an ERP package for SMBs that has further enhanced compatibility with Japanese business customs. The new version enables more flexible due-date billing and consumption tax accounting, and provides cash-flow statement capabilities, making it better adapted to Japanese business customs in particular. In addition, because the new version has reinforced approval and user authorization capabilities, it is amply suited to the internal administration needs of small and midsized business units of large companies. Based on SAP’s ability, developed over many years, to achieve high reliability and performance in large ERP systems, SAP Business One 2004.2B is specially designed to deliver the features needed by SMBs, a market in which growing demand is forecast. Accordingly, this package is priced at a level appropriate for SMBs. SAP Business One 2004.2B is available under a user license system; for example, for 10 users in one company, the license fee is 2,800,000 yen (if all 10 users will utilize all the standard features). SAP Business One 2004.2B is available from today, via SAP Japan’s business partners.
SAP Business One 2004B was shipped in February 2005, adding features that were innovative for an ERP targeting small-to-mid-size businesses, such as MRP (Material Requirements Planning), service call capabilities, and the sharing of sales status to its predecessor. The latest version, SAP Business One 2004.2B includes capabilities for user authorization management, to set authorization for viewing and editing of various types of data; alert capabilities for sending real-time messages if many departments and managers need to ascertain the situation, such as when credit limits are exceeded. The product has enhanced features needed by small-to-mid-sized businesses, such as unified display of the various kinds of data that managers need to check each day (for example, balance of accounts receivable due for each manager’s accounts, and that month’s sales and collection figures), and add-on software that provides reporting capabilities that make creating templates and saving much easier.
In current business activities, diversified sales methods via far-reaching networks, such as e-commerce and various forms of mail order, and global business centers are essential. Real-time use and management of high-precision, mission-critical data that gives an overview of business as a whole is the most important factor for growth, not only for big businesses, but for smaller ones as well. Moreover, under the New Company Law, which is scheduled to take effect in 2006, regulations and procedures for starting a business will be simplified, which will likely result in an increase in new SMBs. To large businesses, the new law may serve as the impetus for growth into conglomerates with many smaller subsidiaries. However, under the Japanese SOX Act, which is scheduled to take effect at the same time, it is possible that for group companies, even small ones, complex accounting systems will be required in line with the new legislation. Moreover, even for independent SMBs, credit management through the establishment of an accounting holding systems, and more precise financial accounting processing will be required. In some cases, these issues cannot be resolved at the level of independent business software applications. This suggests the possibility of increasing demand for ERP packages that give a more transparent overview of business management.
For SMBs with many restrictions on cost and installation time, and for various group companies active at centers worldwide, SAP Business One 2004.2B constitutes a backbone system that can respond flexibly to management reforms and market changes, providing powerful support for the evolution of IT in SMBs.
About SAP Japan
SAP Japan, established in 1992, is the Japanese subsidiary of SAP AG, the world’s leading company in the enterprise software field. SAP provides various solutions that enable configuration for enterprise resource planning (ERP), supplier relationship management (SRM), supply chain management (SCM), customer relations management (CRM), enterprise portals, and product lifecycle management (PLM). There are already 12 million users of SAP products, at over 28,200 companies in 120 countries worldwide. SAP products integrate all kinds of business processes within and between enterprises, making those processes more efficient. In Japan alone, more than 1,300 corporate groups already utilize SAP products, which are helping to promote the spread of IT among Japanese businesses, as well as enhancing international competitiveness and corporate value. (http://www.sap.com/japan)