Commemorating International day for MSMEs, SAP India on 27 June signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises to jointly launch Bharat ERP - an exclusive programme to empower MSMEs with next-gen technology to fuel their digital journey.
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 programme expands.
"The MSME sector contributes nearly 38 percent to the country's GDP and generates nearly 120 million jobs; its growth plays a pivotal role in propelling India's economy forward. Our objective through Bharat ERP is to make digital technologies more accessible to micro and small enterprises, in line with our aim to help businesses of all sizes grow with SAP," said Deb Deep Sengupta, President and Managing Director, SAP Indian Subcontinent.
SAP will provide software and training curriculum to trainers identified by the MSME Ministry under the 'Train the trainer' method. The company will facilitate training and enablement courses on SAP Business One solution in the well-established network of existing technology centres under the control of the Ministry.
Post the completion of the course, SAP and the MSME Ministry will offer a joint certification to the candidates to assist in increasing their employability and help in recruitment for related initiatives
Through this programme, MSMEs will be able to access cutting edge next generation technology from SAP that can streamline and integrate key processes such as ?nancials, sales, inventory, and more, with single business software.
"As per a recent report commissioned by SAP, SMEs across the world which have embraced digital technologies have shown faster growth than companies that have not. 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," said Luis Murguia, Senior Vice President and General Manager, SAP Business One.