The 4Cs for SAP Business One
By Tyson McMurren, CPA, CMA
The 4Cs for SAP Business OneMay 18, 2021
Smart Warehouse with Chase Linsenbigler
The 4Cs For SAP Business One Episode 19: Smart Warehouse with Chase Linsenbigler
Chase is a Business Development consultant at WiSys, having spent the majority of his career in the SAP Business One space. He got his start at WiSys as a customer-facing Consultant after leaving his own consulting venture, Tabono LLC, and has recently made the move to their business development team. He specializes in the Lean Six Sigma and Operational Excellence philosophies for warehousing with a wealth of experience in AI, Machine Learning, and Voice Guided Systems. Chase is also formally trained in SAP Business One as a former member of the SAP program at Saint Vincent College.
Chase discusses the smart warehouse and how it is a critical piece to customer and employee experience and refining processes is a key to success. We also discuss his favorite quote: “The aim of leadership should be to improve the performance of man and machine, to improve quality, to increase output, and simultaneously to bring pride of workmanship to people. Put in a negative way, the aim of leadership is not merely to find and record failures of men, but to remove the causes of failure: to help people to do a better job with less effort.” by W. Edwards Deming, a key piece in the history of Operational Excellence and Quality Management.
Validation, Visibility & Velocity with Aaron Armendariz from WiSys
Aaron Armendariz from WiSys discusses with Tyson how companies can use the 3Vs Validation, Visibility and Velocity as a vision to position your company for growth. The discussion moves to digital transformation should now be a digital-first strategy and how the 3Vs help guide the movement to a digital organization. Aaron and Tyson also talk about what 2022 indicators they are seeing companies focus on.
Show links:
About WiSys: https://twbs.com/products/sap-ewms-warehouse-management-software-for-sap-business-one
Warehouse Transformation Webinar: https://youtu.be/E1zr2v-Ik_g
Change Episode: https://youtu.be/7YhlGDEzHZY
2021 review and 2022 Predictions: https://youtu.be/e9kkrQLNv34
Employee Engagement
The 4Cs for SAP Business One Episode 16: Employee Engagement
In the episode, Byron Thompson, President of Third Wave Business Systems joins host Tyson McMurren where they discuss employee engagement. Byron and Tyson talk about business strategy, a 12-star employee experience, the 4 Ps for employee engagement, how technology is changing not only where but what jobs employees should be doing. They discuss numerous points and provide some examples of how you can transform your feedback cycles by viewing feedback as a gift. #SAPBusinessOne #Podcast #the4Cs
Links to referenced materials:
https://www.fastcompany.com/90719359/employee-engagement-is-out-heres-a-better-metric? partner=rss&utm_campaign=rss+fastcompany&utm_content=rss&utm_medium=feed&utm_source=rss https://www.inc.com/marcel-schwantes/if-you-use-these-6-phrases-a-lot-youre-a-better-leader-than-you-think.html https://www.linkedin.com/feed/update/urn%3Ali%3Aactivity%3A6887181914692751360/ https://news.sap.com/2022/02/ideal-work-environment-what-is-it-how-to-deliver-it/ https://hbr.org/2021/09/who-is-driving-the-great-resignation
Third Wave Business Systems https://twbs.com Subscribe to our channel - https://www.youtube.com/ThirdWaveSAPB1 Follow us on social: LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/ Twitter - https://twitter.com/ThirdWaveBS
2021 review and 2022 Predictions for Small and Mid-sized Companies
The 4Cs for SAP Business One: 2021 review and 2022 predictions for small and mid-sized companies. Tyson McMurren talks about topics the podcast covered in 2021 and predicts where the listener base of the podcast wants us to cover for 2022. 2021 Pillars: Data – accurate, accessible, and timely How? Integration and automation – eCommerce, EFT, PayFabric Tools for workflow analysis, team communication and change management Strategies to Pivot and adapt 2022 Predictions: Streamlining and automating back-office & operations/supply chain Monitoring of supply chain and inventory levels Inflation – landed cost, pricing strategies Data normalization – forecasting, purchasing, budgeting, revenue HR – keeping employees: engaged, empowered, employed Third Wave Business Systems https://twbs.com
Real-Time Inventory Management with SAP Business One
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 14: Control - Real-Time Inventory Management. In Episode 14 Tyson and Mike discuss what Real-Time Inventory Management means and why it is important. They cover what the benefits are to your business and talk through examples of when it is necessary for success especially during times of supply chain disruption.
Real-time inventory management helps streamline the supply chain and gain visibility into inventory status at any time. Real-time inventory management is the process of keeping track of inventory sales and purchases using software to trace them as soon as they occur. SAP Business One is ERP software your company can use to realize the benefits of real-time inventory management.
Many benefits come with real-time inventory management. Businesses that have not considered venturing into the practice should consider SAP Business One first since it is a viable solution. Real-time inventory management enables the company to prepare for unexpected events, timely restocking of items, quickly respond to demand, and efficient management. Here are a few facts about why you need to integrate real-time inventory management in your business.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
· Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
· Third Wave Products Page - https://twbs.com/solutions
· Third Wave Resources Page - https://twbs.com/resources
· Third Wave Business Systems website - https://twbs.com/
· Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
· Why Real-Time Inventory Management Matters To Your Business blog
Control - Change
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 13: Control - Change. In Episode 13 Tyson and Mike discuss what change means for your organization and what constitutes change. They breakdown how to identify internal, external and process changes and how to prepare and build habits.
Evaluation questions to ask:
1. Are we easy to do business with?
2. Are employees overwhelmed with backlog?
3. Does our digitization stop at certain points?
4. How do we communicate internally?
5. What third-party applications do we have?
6. How do 3rd party applications connect?
7. Is our month end process complex?
8. Do we trust our status reports (inventory, orders, etc)?
9. Who in the organization is the owner of the process?
10. Who is evaluating the human processes?
11. Can we grow exponentially with the existing staff and systems?
12. How are we managing relations with vendors and tracking inbound stock?
How to get started:
• Identify what sales channels you go to market in – B2B, B2C eCommerce, specialty retailers, Big box, etc.
• Understand your order and fulfillment processes and where that system of record is kept.
• Identify inventory allocation needs and integration challenges that need to be accommodated.
• Learn where you are using manual tasks and redundant communications – look for email, fax, phone, paper, spreadsheets, etc.
• Find areas of disconnection in systems of record – CRM, WMS, 3PL, EDI eCommerce
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
· Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
· Third Wave Products Page - https://twbs.com/solutions
· Third Wave Resources Page - https://twbs.com/resources
· Third Wave Business Systems website - https://twbs.com/
· Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Connect and Control - Integration, look below the surface
Episode 12: Connect and Control. In Episode 12 Tyson and Mike discuss integration and what to look for in a successful integration.
List of items to keep in mind when thinking about integration
1. Items
2. Orders
3. Payment
4. Fulfillment
5. Error Handling
6. Process automation
7. Predictable cost model
8. Solution by SAP Consultants
9. Matches your SAP workflows
10. Flexibility to adjust the integration
11. Connect to single or multiple channels
12. Supports changing platforms
13. Documented and supported
14. No coding or development
15. Reference clients
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
• Third Wave Bizweaver Integration page - https://twbs.com/products/bizweaver
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page - https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Connect and Control - Barcodes and SAP Business One
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 11: Connect and Control - Barcodes In Episode 11 Tyson and Mike discuss the history or barcodes and their impact on your Business One environment as well as best practices.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
• Wikipedia – Barcode - https://en.wikipedia.org/wiki/Barcode
• Guide to Barcode Types and Standards - https://www.camcode.com/asset-tags/guide-to-barcode-types-standards/
• The History of the Bar Code - https://www.smithsonianmag.com/innovation/history-bar-code-180956704/
• Barcodes: A History and How they Work - https://zmodal.com/2020/06/11/a-history-of-barcodes/
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Core – SAP Business One 10.0
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 10: Core – SAP Business One 10.0. In Episode 10 Tyson and Mike talk about 10 things to look out for in SAP Business One 10.0 release.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
10 Highlights
- Web Client
- New User Interface “Belize Deep”
- Tab Level Changes
- Enhancements In Approval Process
- Interactive Gant Chart
- Add Button Changes
- Hide Blank Lines And Addresses
- Service Layer for SQL Supported
- Office 365 Supported
- 64 Bit Client Only
Show notes:
• SAP Business One 10.0 Release Highlights SAP Presentation - https://help.sap.com/doc/1e149715909a4d8ea8920df5513eb64c/10.0/en-US/SAP_Business_One_10.0_Highlights.pdf
• SAP Business One 10.0 Release Highlights Third Wave Blog Post - https://twbs.com/sap-business-one-10-0-release-highlights
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Core and Control – Fix-it Internal Reconciliation
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 9: Core and Control – Fix it Internal Reconciliation. Tyson and Mike discuss a customer question about providing a list of all open transactions and how to provide proof of a balanced report.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Question: “The auditor has requested a list of all open transactions at the end of the fiscal year for the allocation account. I have tried the chart of accounts drill down report to the account, entering the posting date through and selected unreconciled, this did not balance, I’ve also tried the general ledger report and could not get it to balance. Any ideas on what’s causing this and how can I provide my auditor with an accurate report?”
In this scenario, the auditor has requested a listing of all open transactions at end of the fiscal year for the Allocation account from OEC Computers. The Accountant at OEC Computers followed procedure below to produce this report.
From the SAP Business One Main Menu, choose Financials -> Chart of Accounts. Result: The Chart of Accounts window opens. At the Chart of Accounts window, select the Liability drawer and display the Goods Received Not Invoiced account. Drill down to the account transactions by pressing the orange navigation arrow to the left of the account balance field. Result: The Account Balance window opens. At the Account Balance window, enter Posting Date through 12/31/20 and select ‘Display Unreconciled Transactions’ only is selected.
The Accountant noted that the Cumulative Balance for the account with selection ‘Display Unreconciled’ Transactions was equal to ($959,493). This did not match the G/L balance as of 12/31/20. The balance of the account as of 12/31/20 is equal to ‘($944,976.75.) The difference was equal to $14,516.25. The Accountant noted that the correct G/L Balance is displayed when the selection ‘Display Unreconciled Trans. Only’ is de-selected.
The accountant ran the General Ledger report as of 12/31/20 for this account with the selection ‘Display Not Fully Reconciled’ and ‘Consider Reconciliation Date’ selected. The balance displayed in this report did not match the G/L Balance. The balance once again did not match by $14,516.25.
The Accountant continued to analyze results and found the difference was due to a partially reconciled transaction processed on 12/31/20.
The Accountant requested a query for future requests that would display unreconciled amounts for all open documents. Contact us at this link to receive the query.
https://twbs.com/sap-business-one-partner-sap-erp
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Communication: Mind Mapping
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 8: Communication – Mind Mapping. Tyson and Mike talk about Mind Mapping and how it has helped with internal projects and marketing efforts. They discuss examples of how you can use Mind Mapping to better communicate with your team and use them for whiteboarding and idea sessions.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Quote: “A Picture is Worth 100 Words”
Source: Unknown
Show notes:
• 7 key advantages mind mapping can bring to your planning session - https://mindmappingsoftwareblog.com/strategic-planning-7-mind-map-advantages/
• How to Use a Mind Map in Product Design - https://www.shopify.ca/partners/blog/mind-map
• 10 Real Life Uses of Mind Maps - https://www.imindq.com/blog/10-real-life-uses-of-mind-maps
• The Power of Mind Mapping - https://www.gen-i.co.uk/index.php/2018/10/05/the-power-of-mind-mapping/
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Connect: Accelerate Growth and Improve eCommerce Strategy With FocusPoint
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 7: Connection – eCommerce Integration with FocusPoint. In this episode Mike and Tyson host founder and CEO of Focused Impressions Craig Stockmal and discuss the benefits of integrating an eCommerce platform to your Business One environment. They also breakdown eCommerce integration and how FocusPoint helps eliminate costs of custom development and provides a stable platform to grow whether it is through organic growth, multi-channel presence, omni-channel strategy, or acquisition. They discuss that you may feel stuck in your current version of B1 due to customization and how a platform allows you to leverage the functions of SAP B1, implement best practices, save costs and position your organization for growth.
Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Quote: “People Don’t Buy What You Do – They Buy Why You Do It”
Source: Simon Sinek
Show notes:
• Focused Impressions website - https://www.focusedimpressions.com/
• Craig Stockmal’s LinkedIn page - https://www.linkedin.com/in/craig-stockmal-b618536/
• SAP Business One B2B eCommerce Made Easy - https://www.youtube.com/watch?v=MUr6zDeoyyo
• iSlide website - https://www.islideusa.com/
• Torsion Group website - https://torsionplastics.com/
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Core: Is Data The New Gold?
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 6: Is Data The New Gold? In this episode Mike and Tyson discuss the value of data and insights from that data and debate which is more important. The 4Cs podcast is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Quote: “So is data the new gold? No, data is fools gold. Insight is pure gold.”
Source: CEO Today; Matt Shepherd
Show notes:
• The Soaring Value of Intangible Assets in the S&P 500 - https://www.visualcapitalist.com/the-soaring-value-of-intangible-assets-in-the-sp-500/
• Data is the new gold. This is how it can benefit everyone – while harming no one - https://www.weforum.org/agenda/2020/07/new-paradigm-business-data-digital-economy-benefits-privacy-digitalization
• How COVID-19 ended the Information Era and ushered in the Age of Insight - https://www.weforum.org/agenda/2020/07/how-covid-19-ended-the-information-era-and-ushered-in-the-age-of-insight
• Intangible Assets: A Hidden but Crucial Driver of Company Value - https://www.visualcapitalist.com/intangible-assets-driver-company-value/
• Is Data The New Gold - https://www.ceotodaymagazine.com/2018/04/is-data-the-new-gold/
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Core and Connection: Real Time And The Benefits
The 4Cs for SAP Business One podcast brought to you by Third Wave Business Systems. Episode 5: Core and Connection - Benefits of a Connected Enterprise. In this episode Mike and Tyson discuss the benefits of real time data from the Core and how your business can operate more efficiently from these connections. The 4Cs podcast is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Quote: “SAP Business One connects and streamlines key operational processes, providing real-time insights for actionable decisions that drive profitable growth.”
Source: PRNewswire
Show notes:
Benefits of connection;
- Immediacy of data to quickly adjust plans and respond to trends
- Improved customer service through insight and behavior analysis
- Instantaneous product trends for better forecasting
- Increased operational efficiency
- Intelligent management information
- Implement real time feedback and corrective actions
Resources;
- Why Your Business Needs Customer Journey Mapping
- How EAW Delivers Sales Performance and Superior Customer Fulfillment
- Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
- Third Wave Products Page - https://twbs.com/solutions
- Third Wave Resources Page - https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Core and Connection: Real Time And The Challenge With Disconnection
The 4Cs for SAP Business One Podcast brought to you by Third Wave Business Systems. Episode 4: Core and Connection: Real Time and the challenge with disconnection. In this episode Mike and Tyson discuss the benefits of real time data from the Core and how to spot areas of disconnection. The 4Cs podcast is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Quote: “SAP Business One connects and streamlines key operational processes, providing real-time insights for actionable decisions that drive profitable growth.”
Source: PRNewswire
Show notes:
• Rifle Paper Co. Unifies Business Processes with SAP Business One - https://twbs.com/rifle-paper-co-unifying-business-processes-support-rapid-growth-sap-business-one
• SAP Business One Cloud Integration - Overview of Versago Portal for SAP ERP - https://youtu.be/rC2Zb_Hwm8Y
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
What Are The 4Cs for SAP Business One
The 4Cs for SAP Business One 4Cs Podcast brought to you by Third Wave Business Systems: Episode 3. Tyson McMurren and Mike Hamm discuss what are the 4Cs and why you should care. They take time to talk about how Core, Connect, Communicate, and Control impact the way you do business. The 4Cs podcast is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
• The Essential Elements of The Connected Enterprise webinar - https://www.youtube.com/watch?v=GpwpCJO87c4
• The Essential Elements of The Connected Enterprise blog post (The 4Cs) - https://twbs.com/sap-business-one-integration-and-sap-business-one-automation-for-a-connected-enterprise
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
Third Wave Resources Page - https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Connect: eCommerce API and Integration
The 4Cs for SAP Business One Podcast brought to you by Third Wave Business Systems. Episode 2. Tyson McMurren and Mike Hamm discuss hot topics in the SAP Business One ecosystem this episode including eCommerce, Shopify integration, and production floor data capture. The 4Cs podcast is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
• Developing an ERP Implementation Plan for Enterprise CPG Businesses - https://twbs.com/developing-an-erp-implementation-plan-for-enterprise-cpg-businesses
• Year-End Checklist - https://portal.twbs.com/M.htm#/PostDetails/?PostID=20&Type=3
• Versago Production Floor Data Capture Video - https://youtu.be/JNULpFKU1s8
• The Essential Elements of The Connected Enterprise(The 4Cs) - https://twbs.com/sap-business-one-integration-and-sap-business-one-automation-for-a-connected-enterprise
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWaveSAPB1
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page- https://twbs.com/resources
Third Wave Business Systems website - https://twbs.com/
Company LinkedIn - https://www.linkedin.com/company/third-wave-business-systems/
Fix-it Friday: EFT and Mobile AP Invoice Entry and Approval for SAP Business One
The 4Cs for SAP Business One Podcast brought to you by Third Wave Business Systems. Episode 1. Tyson McMurren and Mike Hamm discuss hot topics in the SAP Business One ecosystem this episode including eCommerce and automating payments. Tyson goes over Fix-it presentations for EFT and AP Invoice and Approval. The Fix-it Friday topic is designed for SAP Business One users to help them overcome common challenges and get the most out of their ERP system. Third Wave Business Systems is an SAP Gold Partner with Over 20 years of industry experience and award-winning customer support for SAP Business One.
Show notes:
• EFT product page - https://twbs.com/products/electronic-...
• Versago product page - https://twbs.com/products/versago
• What is an eCommerce platform - blog by Big Commerce - https://www.bigcommerce.com/blog/sele...
• Third Wave YouTube Channel - https://www.youtube.com/user/ThirdWav...
• Third Wave Products Page - https://twbs.com/solutions
• Third Wave Resources Page - https://twbs.com/resources
Third Wave Business Systems
https://twbs.com
Subscribe to our channel - https://www.youtube.com/ThirdWaveSAPB1
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