A survey by software firm SAP and Oxford Economics reveals that 88% of small and medium enterprises (SMEs) in the Philippines remain confident that they will continue to grow over the next three years, in spite of the pandemic.
The survey also saw that 89% of SMEs in the country adjusted their employees to work remotely amid the pandemic.
SAP recognizes that Southeast Asia, including the Philippines, continues to be one of the fastest-growing markets in the world amid the pandemic.
The report titled “Digital Resilient, and Experience-driven: How Small and Midsize Organisations Can Prepare for the New Economy” states that 69% of SMEs in the Asia Pacific has invested in IT and digital solutions to bring remote workers and their organizations to the next level. Seventy-nine percent of SMEs in the Philippines have done the same.
The challenges brought about by the pandemic has proven that digital is the way to go even for small and fast-growing businesses. With SMEs accounting for about 80% of its customer base, SAP understands their need to optimize and simplify IT processes.
SAP Business One is the firm’s flagship small business software to streamline and add intelligence to business processes, including financials, without burdening an IT team. SAP Business ByDesign is a single cloud ERP solution for bringing intelligence and automation to fast-growing, mid-market businesses. It helps nimble management of financials, logistics, procurement, shipping, and human resources.
SMEs can rely on these two solutions to accelerate their journey to recovery.