Global Business Management | Global Business Solutions | SYSPRO
  • Global
  • Africa
  • Australasia
  • Asia
  • Canada
  • Europe
  • Americas
Continue browsing
SYSPRO CanadaSYSPRO Canada

Select your region below

To provide you with the best possible experience, this website uses cookies. By continuing to use this site you agree to the use of cookies. Read More

  • Global
  • Africa
  • Americas
  • Asia
  • Australasia
  • Europe
  • Kenya
  • Indonesia
  • Malayasia
  • Philippines
  • Singapore
Continue browsing
  • +1-844-479-7776
  • Customer Login
  • Solutions
    • Business Needs
      • Exporting to the U.S. from Canada
      • Sales and Operations Planning (S&OP)
      • Mitigating Operational Risk
      • Shop Floor Productivity
      • Controlling Costs for CFOs
      • Business Growth Management
      • Business Insights
      • Business Performance Management
      • Cost Control
      • Distribution Management
      • Financial Management
      • Global Expansion
      • Governance, Risk and Compliance
      • Inventory Optimization
      • Lean Manufacturing
      • Manufacturing Management
      • Manufacturing Operations Management
      • Process Improvement
      • Supply Chain Optimization
      • Traceability
      • Lot Traceability
    • Business Digitalization
      • SYSPRO BlueSky
      • Artificial Intelligence
      • Big Data
      • Bots
      • Managed Cloud Services
      • Internet of Things
      • Mobile
      • Social ERP
    • Business Functions
      • Executives
      • Finance
      • Information Technology
      • Operations
    • Business Processes
      • Inventory Management
      • Order Management
      • Planning and Scheduling
      • Production Management
      • Procurement Management
      • Supply Chain Management
      • Warehouse Management
    • Manufacturing Types
      • Assemble to Order
      • Batch
      • Discrete
      • Engineer to Order
      • Job Shop
      • Make to Order
      • Make to Stock
      • Mixed Mode
      • Process
  • Industries
    • Manufacturing
      • Automotive Parts and Accessories
      • Chemicals and Fertilizers
      • Electronics
      • Fabricated Metal
      • Food and Beverage
      • Furniture and Fittings
      • Industrial Machinery and Equipment
      • Medical Devices
      • Packaging
      • Plastics and Rubber
    • Distribution
      • Automotive Parts and Accessories
      • Computer and Electronics Products
      • Food and Beverage
      • Industrial Machinery and Equipment
  • Product
    • SYSPRO ERP
    • Managed Cloud Services
    • Mobile
    • Web Interface
    • Digitalization
    • Product Strategy
    • GDPR
    • Security
    • Technology
    • What is ERP?
    • Customizable ERP
  • Services
    • ERP Consulting Services
    • Implementation
    • ERP Training
    • Online ERP Training
    • SYSPRO Digital Badges
    • Support
    • InfoZone
    • Managed Cloud Services
  • Company
    • Analyst Insights
    • App Store
    • Awards
    • Careers
    • Corporate Social Responsibility
    • Customers
    • Customer Referral
    • Global Executive Leadership Team
    • Canada Leadership Team
    • Press Room
    • Social Hub
    • Why SYSPRO?
  • Resources
    • Content Library
    • FAQ
    • Newsletters
    • Success Stories
    • Videos and Demos
  • Partner
    • Become a Partner
      • Why PartnerUP
      • Partner Types
      • Benefits of PartnerUP
      • Onboarding
      • Apply Now
    • Services
      • Education
      • Support Overview
      • Implementation Methodology
    • Find a Partner
      • SYSPRO Partners
    • Quick Links
      • Partner Portal
      • Infozone
      • Apps for SYSPRO
  • Blog
  • Contact Us
  • Request a Demo
  • Home
  • Business Software
  • Business Management Software
  • Global Business Management

Global Business Management

These days, global is the new local. In many ways, doing business in foreign markets has never been easier for manufacturers and distributors, with e-commerce and cloud-based technologies that allow to sell and operate anywhere. Expanding into new countries gives you access to more customers and trading partners, fresh sources of labor and potentially less expensive raw materials.

At the same time, changing governments and volatile economic factors can create uncomfortable uncertainty.

You need to respond quickly to customer demand in the region – which may require local suppliers to minimize costs. International businesses need to adapt to local tax laws, environmental and safety regulations, and even cultural differences.

How can you implement your global business management initiatives successfully – while minimizing risks? Can your technology stack handle the complexity? Here are a few things to think about as you evaluate your ERP capabilities.

More than 50% of manufacturers plan to enter a new market and almost all plan to expand existing sites or open new facilities in countries with existing operations before the year 2020, according to “Footprint 2020 Expansion and optimization approaches for US manufacturers,” a study jointly conducted by Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI).

Resources

Featured Content
  • Download the 100-page SYSPRO product brochure for all the SYSPRO insight you need.
Content Library
  • Explore our content library or download the 70-page Thinking about ERP ebook.
Video & Demo Library
  • Visit the video & demo library to learn more about SYSPRO ERP software.
Blogs
  • Get ERP and global business management tips and tricks from our blog.

Managing Global Business

5 factors to consider

1

Flexibility of Your Financial Management Practices

Operating in foreign markets can have huge financial implications: tax reporting and collection, online revenue recognition, and tariff codes all add multiple layers of complexity. Moreover, if you buy materials or sell products in other countries, you need to protect your company from exchange rate fluctuation – which includes a hedging strategy. You may need access to local financing, too.

Make sure your ERP system can not only handle local currencies, but that you can automate and streamline transaction processing. You also need a system that can provide global visibility. Modern ERP solutions will help produce insightful financial and boardroom-ready reports, so you can analyze financial performance across all of your foreign markets.

2

Supply Chain Integration

Foreign customers may have biases toward goods produced in certain locations. Social or cultural issues may impact sales. Country of Origin (COO) laws in some locations dictate that raw materials used in finished goods must not contain foreign substances over a certain percentage, or from certain countries (Lacey Act 2008). If you’re in an industry like food, where minimizing waste is critical, you need visibility from your ERP solution so you can maximize inventory turnover. With complete ERP integration with your supply chain, you can help eliminate these or other legal operational risks that could potentially affect your business.

3

Accuracy of Cost Forecasting

How do you pinpoint which products to offer in which countries? Where is there the most profit opportunity? A modern ERP solution gives you the visibility you need to accurately forecast demand and understand your total costs, so you can make smart decisions.

In particular, landed cost tracking is even more important when implementing a global business management strategy. This enables you to break down costs, assign them at a micro level, and then plan for them over the long term to predict foreign currency cash requirements.

4

Risk Management Strategies

Operating globally means you need strategies to actively monitor and protect yourself in areas like cybersecurity, protection of intellectual property (IP) and customer privacy. For example, countries in Europe have strict regulations about what you can do with customer information.

Mitigate your risk by automating compliance with key requirements, from legal regulatory reporting to product to contract terms. Protect your R&D and data from theft or loss by making sure your ERP platform offers extensive security features and fine-grained access controls.

5

The Internet of Things and Cloud Computing

To expand your sales reach to new global markets, your ERP platform needs to be able to take in and process e-commerce orders and payments, to start. But the trend toward the Internet of Things (IoT) means a lot more to global manufacturers. IoT can provide additional channels for revenue growth or suggestions on reducing cost that can mean the difference between success and failure in a new market.

Modern ERP solutions empower customers and OEMs to collaborate online via secure Web portals to streamline R&D. Using Electronic Data Interchange and XML protocols, you can kick off automated workflows for maximum operational efficiency. And, you can even deploy your ERP solution in the cloud – simplifying collaboration across your company, anywhere in the world.

Global Business Solutions

No limits: Do business anywhere you want to operate

A “stay at home” attitude could mean you lose out to competitors, so global expansion is important to consider as you grow. Global business management enables you to diversify and avoid being too dependent on a single country’s economy.

Discover how SYSPRO ERP Software can help you gain operational efficiency as you expand into new markets. Our global network of ERP experts is well positioned to support you around the world, from Singapore to South Africa to San Francisco.

Customer Success Story

“SYSPRO has enabled us to do more with the same number of people, and without it we probably would have needed more staff. Because the system has supported our expansion, we have benefitted from greater profits. It has therefore proven itself as an essential part of our investment in the company.”
–Managing Director, AJ Wells

Revolutionize Business

See how people are solving their most frustrating business challenges with SYSPRO

Learn More

Discover SYSRO

Discover SYSPRO

Learn about the ERP benefits SYSPRO offers

Learn More

SYSPRO Canada

  • Address: 5995 Avebury Road, Suite 902
    Mississauga, Ontario, L5R 3P9
  • Phone: +1-844-479-7776
  • Contact Us
  • Connect with SYSPRO

    Our Offices

    Product

    • SYSPRO ERP System
    • Mobile
    • Cloud
    • Financial Management
    • Inventory Management
    • What is ERP?

    About SYSPRO

    • Awards
    • Careers
    • Contact Us
    • Customer
    • News
    • Why SYSPRO?
    SYSPRO Canada © Copyright SYSPRO 2021. All Rights Reserved. Terms & Conditions     •     Privacy Policy
    • Solutions
      • Business Needs
        • Exporting to the U.S. from Canada
        • Sales and Operations Planning (S&OP)
        • Mitigating Operational Risk
        • Shop Floor Productivity
        • Controlling Costs for CFOs
        • Business Growth Management
        • Business Insights
        • Business Performance Management
        • Cost Control
        • Distribution Management
        • Financial Management
        • Global Expansion
        • Governance, Risk and Compliance
        • Inventory Optimization
        • Lean Manufacturing
        • Manufacturing Management
        • Manufacturing Operations Management
        • Process Improvement
        • Supply Chain Optimization
        • Traceability
        • Lot Traceability
      • Business Digitalization
        • SYSPRO BlueSky
        • Artificial Intelligence
        • Big Data
        • Bots
        • Managed Cloud Services
        • Internet of Things
        • Mobile
        • Social ERP
      • Business Functions
        • Executives
        • Finance
        • Information Technology
        • Operations
      • Business Processes
        • Inventory Management
        • Order Management
        • Planning and Scheduling
        • Production Management
        • Procurement Management
        • Supply Chain Management
        • Warehouse Management
      • Manufacturing Types
        • Assemble to Order
        • Batch
        • Discrete
        • Engineer to Order
        • Job Shop
        • Make to Order
        • Make to Stock
        • Mixed Mode
        • Process
    • Industries
      • Manufacturing
        • Automotive Parts and Accessories
        • Chemicals and Fertilizers
        • Electronics
        • Fabricated Metal
        • Food and Beverage
        • Furniture and Fittings
        • Industrial Machinery and Equipment
        • Medical Devices
        • Packaging
        • Plastics and Rubber
      • Distribution
        • Automotive Parts and Accessories
        • Computer and Electronics Products
        • Food and Beverage
        • Industrial Machinery and Equipment
    • Product
      • SYSPRO ERP
      • Managed Cloud Services
      • Mobile
      • Web Interface
      • Digitalization
      • Product Strategy
      • GDPR
      • Security
      • Technology
      • What is ERP?
      • Customizable ERP
    • Services
      • ERP Consulting Services
      • Implementation
      • ERP Training
      • Online ERP Training
      • SYSPRO Digital Badges
      • Support
      • InfoZone
      • Managed Cloud Services
    • Company
      • Analyst Insights
      • App Store
      • Awards
      • Careers
      • Corporate Social Responsibility
      • Customers
      • Customer Referral
      • Global Executive Leadership Team
      • Canada Leadership Team
      • Press Room
      • Social Hub
      • Why SYSPRO?
    • Resources
      • Content Library
      • FAQ
      • Newsletters
      • Success Stories
      • Videos and Demos
    • Partner
      • Become a Partner
        • Why PartnerUP
        • Partner Types
        • Benefits of PartnerUP
        • Onboarding
        • Apply Now
      • Services
        • Education
        • Support Overview
        • Implementation Methodology
      • Find a Partner
        • SYSPRO Partners
      • Quick Links
        • Partner Portal
        • Infozone
        • Apps for SYSPRO
    • Blog
    • Contact Us
    • Request a Demo
    SARA
    This website or its third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the cookie policy.
    By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to the use of cookies.
    These site uses cookies for best user experience. Click view below to read on our cookie policy.