SAP, Oracle, Workday financial management suites

[Jan]

Best financial management software for South African businesses

One of the defining aspects of a business is how it manages money, including cash flow, accounting, financial planning, and compliance, and several companies provide all-encompassing financial management software.

Some of the best financial management software providers include SAP, Oracle, and Workday, and their products can help South African businesses to simplify the management of their finances.

 

[Pegging]

 

[Sapphiron]

Those software packages are unaffordable for most small business.

My advice is for any business owner is to make sure they are using a modern accounting system and to spend the time to learn how the reporting and budgeting tools in it works.

 

[lordnokon]

1. Xero
2. Accpac
2. Pastel
3. Quickbooks (maybe)

The only accounting software that the average company in South Africa can afford...

 

[grok]

Best financial management software for South African businesses

One of the defining aspects of a business is how it manages money, including cash flow, accounting, financial planning, and compliance, and several companies provide all-encompassing financial management software.

Some of the best financial management software providers include SAP, Oracle, and Workday, and their products can help South African businesses to simplify the management of their finances.

You really have to question whether SAP is one of the best when they have to bribe a 3rd world government for contracts, one woulda thunk a 1st world company can compete on merit but apparently not.

 

[FiestaST]

Good, now impress your boss man/woman/person further.

https://twitter.com/x/status/1613111626143612930

 

[Zuluzebra]

You really have to question whether SAP is one of the best when they have to bribe a 3rd world government for contracts, one woulda thunk a 1st world company can compete on merit but apparently not.

Let's be fair here. You can't brush a whole companies products based on behaviour of 3 individuals that brought the SAP brand in South Africa into the whole Gupta Saga - 3 employees, 4 years ago...

We use SAP (and some others), and it's great for what we want to achieve. Luckily the company is growing as well so I can see us investing more.

But as others mentioned, the companies listed is definitely not for SME SA business.

 

[umamankandla]

Let's be fair here. You can't brush a whole companies products based on behaviour of 3 individuals that brought the SAP brand in South Africa into the whole Gupta Saga - 3 employees, 4 years ago...

We use SAP (and some others), and it's great for what we want to achieve. Luckily the company is growing as well so I can see us investing more.

But as others mentioned, the companies listed is definitely not for SME SA business.

SAP is heavily overpriced. The fact that they were involved in corruption should have had them banned from government contracts for a couple of years or at least a multi billion rand fine just to put them on the right path. That didn't happen.

If I can prevent any company I work for from using SAP, I would.

Developing your own solutions may be cheaper in any case than using SAP.

 

[umamankandla]

Imagine Excel with a ChatGPT plugin...

 

[BeerIsNotGood...]

Those software packages are unaffordable for most small business.

My advice is for any business owner is to make sure they are using a modern accounting system and to spend the time to learn how the reporting and budgeting tools in it works.

Just make your own bra

 

[McGuywer]

I agree, this isn’t for average SA companies.




But what about Microsoft Plains?

 

[Zuluzebra]

SAP is heavily overpriced. The fact that they were involved in corruption should have had them banned from government contracts for a couple of years or at least a multi billion rand fine just to put them on the right path. That didn't happen.

If I can prevent any company I work for from using SAP, I would.

Developing your own solutions may be cheaper in any case than using SAP.

Developing in-house solutions is where most of the problems start for companies. Whether you like it or not, leading companies in their field use tried and tested solutions to make their business run.

As example, most financial banks globally use SAP. When financial institutions look at growth and digital transformation, they don't consider opinions from employees, they look at what the market is doing and best practices with regards to business process. This is what most people don't understand when they see SAP, Oracle, Salesforce etc - it's not about the cost - its about the process that been tried and tested aligning to local governance.

Although I understand the sentiment around the scandal, you need to be realistic. Take South Africa as example, most of the things you buy on a daily basis goes through an Enterprise system like SAP (in most cases), so saying they should be banned is a bit ignorant in the bigger scheme of things.

Edit: on the comment around they should have been fined, they were and also repaid the money that was collected illegally, not the same can be said for the others involved in the scandal...