SAP SE released a new global research study that emphasizes the importance for companies to design its businesses to run simple from the beginning.
According to a survey conducted by Knowledge@Wharton, the online business journal of the Wharton School of the University of Pennsylvania, and SAP of small and midsize businesses, almost three quarters (72%) of leaders and team members say business complexity has hurt efforts to meet process and decision making goals.
Over 30% said it “strongly inhibited” that ability and 58% pointed directly to technology complexity as the culprit.
“Business simplification is much more important to small and medium business than ever before,” said Rodolpho Cardenuto, president of Global Partner Operations at SAP. “The interconnected global economy has opened opportunities to small businesses that never existed before, but they come with new challenges as well. If these businesses think and plan from the beginning on how to run simple in the long run, they will grow faster and perform better.”
The study suggests small and midsize businesses need secure solutions that help it to start simple and stay simple with minimal risk or disruption to services.
The path towards simplification requires a strategic plan that will get enterprises to be digital, connected, and able to grow business.
For more information on this study, visit news.sap.com.