Unleashing business potential: How mid-sized companies can become and stay competitive with GROW intelligence

Research from the National Middle Market Center shows that many midsize companies are growing rapidly and their technology needs to evolve with their business as they face the same global complexities as larger companies. Since the US market is considered a leader in introducing new innovative business solutions, US companies are ahead of European companies in adopting GROW. “Compared to Europe, the U.S. cloud ERP market is overall more mature and more receptive to new solutions. As enterprises deal with today’s complex digital environment, GROW is a game changer, offering a powerful set of capabilities , helping companies achieve sustained success.” said Alexander Paulus, managing director of CNT Management Consulting in Atlanta. GROW with SAP is not just a new subscription service offering; it is a comprehensive business solution that delivers countless benefits for increased productivity, data-driven decision-making and resiliency in an increasingly competitive market.

Choose the most suitable

To understand the special features and benefits of GROW, it is necessary to compare it with other players in the GROW product segment pursued by SAP: “While others may advertise broad functionality and user-friendliness, GROW with SAP Offering faster, smoother implementation with pre-configured solutions for mid-sized companies. It offers pre-built templates to better meet mid-sized needs,” said Paulus. Possible concerns often hinder a company’s growth. These concerns also exist with GROW and are related to limited customization options, lack of flexibility, and fragmented operational processes. Companies looking to make major adjustments to their ERP systems may find that GROW’s given structure has few customization limitations, but the key to GROW’s success is a paradigm shift in ERP customization from “anything goes” to clearly defined “conformance to standards” Strategy. GROW is suitable for medium-sized businesses and organizations with 50 to 250 employees who need to get a standardized ERP implementation up and running in a short period of time. This is different from RISE with SAP Private Edition, which targets and enables SAP customers to move existing data to the cloud. “Companies must understand their exact needs in order to choose the right solution. Consider your size, industry and specific needs when choosing the most suitable product,” Paulus points out.

Ensuring security and compliance: A top priority for U.S. companies

In an era of digital innovation and global connectivity, the importance of security and compliance to U.S. businesses cannot be overstated. As businesses increasingly rely on digital infrastructure and data-driven processes, protecting sensitive information has become a top priority. The intersection of security and compliance not only protects organizations from cyber threats but also ensures compliance with legal and regulatory standards. A study conducted by the Ponemon Institute found that the average cost of noncompliance is approximately 2.71 times higher than the cost of maintaining or meeting compliance requirements. Paulus noted: “Combining strong security measures with adhering to compliance standards is more than a reactive strategy; it is a proactive investment in the company’s long-term sustainability and resiliency.” GROW prioritizes these aspects to deliver strong security measures and ensuring compliance with industry standards and regulations. This commitment to data integrity gives businesses peace of mind in a highly regulated environment.

Seamless integration and efficiency

The main advantage of GROW is its ability to integrate seamlessly with existing systems. One of the standout features is also the analytics capabilities, providing businesses with instant insights into key metrics. Paulus noted: “For businesses that want to stay competitive, access to real-time analytics is a strategic imperative. GROW not only provides this functionality, but does so in a user-friendly and accessible way.” Mid-sized businesses in the following scenarios Frequent challenges: “GROW is characterized by fast implementation times and low implementation costs,” Paulus explains. Furthermore, the software’s standardized approach requires minimal IT expertise.