On the occasion of International Day for MSMEs, SAP SE has signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises to jointly launch Bharat ERP – an exclusive program to empower MSMEs with next-gen technology to fuel their digital journey. The MoU was signed in the presence of Shri Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises (MSME), Government of India.
As a part of the MoU, SAP India and the Ministry of MSMEs will collaborate to enable MSMEs become future-ready by helping them focus on innovation and business profitability. The initiative aims to digitally enable nearly 30,000 MSMEs and youth in the next three years as the program expands.
Through this program, MSMEs will be able to access cutting edge, next generation technology from SAP that can streamline and integrate key processes such as financial, sales, inventory, and more – with a single business software.
“As per a recent report commissioned by SAP, SMEs across the world who have embraced digital technologies have shown faster growth than companies that have not,” said Luis Murguia, Senior Vice President and General Manager, SAP Business One. “As India prepares for a more robust trade environment, MSMEs will need a digital platform and the skillsets to help them gain scale, be more competitive and leverage new technological tools to compete in the digital economy.”
