SMALL and Medium Enterprises (SMEs) have been asked to partner with ICT solutions firms to improve management in their entities.
Speaking to reporters in Dar es Salaam, Bluekey Software Solutions Managing Director Mala Bhatt, said SMEs could improve their operations by partnering with specialised firms.
She was unveiling Bluekey SAP Business One Cloud solution which has been tailor-made to satisfy multitudes of specific requirements that need to be met to ensure any company gains advantage by understanding markets better.
She said the solution is configured to improve business management processes by combining the cutting-edge in-memory computing technology of SAP HANA with the comprehensive Enterprise Resource Planning (ERP) solution for smaller businesses.
She said it would enable companies to work effectively with software and hardware provided as services designed to transform and streamline a company's work procedures.
Hosting software solutions in the cloud eliminates the need for upfront investments as the organisation only needs to pay a monthly fee for the services actually used. "Technology will help businesses create a better competitive advantage over other competitors.
The fact that a person is able to have real time information on markets, allows a person the ability to make faster better informed decisions," she expounded.
For instance, if we are talking about a distribution company, you could get 20 per cent or more of our operational costs...which at the end of the day gives any company a better competitive advantage over others," said Kevin O'Brien, the chairman of Bluekey Group.
"Currently, businesses face challenges like growing their revenue streams, maximising return on investment while at the same time improving efficiency and leaving room for diversification," Bluekey director Mr Francis Njiraini, said on his part.
This is exactly what a SAP Business One cloud solution offers... that is businesses get to understand their market through real time on demand analysis. It lets businesses focus on gross profit per customer and helps to introduce new products," expounded Francis.
Our targets are usually companies with a turnover of 300,000 USD per year... with emphasis on oil and gas, wholesale, retail, distribution, production, agribusiness, footwear just to name a few," said Mr Francis.
"We are constantly innovating and refreshing our products and services and make it known to the industry specialists; it's essential if we are to retain the trust of our customers and deliver incremental value," she added.
Companies in Tanzania have for a long time been waiting for an IT company to provide them with total solution of products ...our role here is to give an end to solution for our clients.
Speaking on the future growth of the company in Tanzania in the next two years, she said that they were looking at doubling in growth in terms of capacity by 2014/2015 and growing their client base to more comfortable margins was their main focus as they continued to roll out tailor- made solutions for companies operating in Tanzania.