How Filipino SMEs reset for rebound after COVID-19
A survey by SAP SE (NYSE: SAP) and Oxford Economics, called “Digital Resilient, and Experience-driven: How Small and Midsize Organisations Can Prepare for the New Economy,”revealed that 88 percent of SMEs in the Philippines remain confident that they will continue to grow over the next three years. The survey also said that 89 percent 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. According to the SAP survey, 69 percent 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. SMEs can innovate with technology to remain resilient 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 percent of its customer base, SAP understands their need to optimize and simplify IT processes. SAP Business One is SAP’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, midmarket businesses. It helps nimble management of financials, logistics, procurement, shipping and human resources.