SAP Business One is an ERP software solution from SAP. This ERP is especially made for SMEs segment. 70% of SAP customers globally are in this segment with more than 35,000 installations around the globe. It is made completely to meet the needs of SMEs.
A complete and customizable software solution to manage small and midsize businesses, including, accounting & finance, sales & service, reporting & administration, inventory & distribution, and purchasing & operations.
With more than 40 years’ experience of developing and delivering of ERP applications, SAP has inbuilt the industry best practices with SAP Business One application. With more than 800 sales and implementation partners across the world, SAP has the best partner ecosystem to implement and the support the application across the globe. SAP today has stack of Industry specific application components among the partner ecosystem that can enhance the usability of SAP Business One application to the extent of a tier-I ERP applications that are designed for the larger corporate applications, thus giving the SME’s the depth of desired functionalities at an affordable cost. The continual research and development efforts.
SAP Business One Financial Module
Financial accounting is an essential part of modern corporations. By applying a series of financial procedures, it provides useful information for decision making. It especially plays an active role in company’s operation and management decisions, which not only enhances the economical performance in the firm but also benefits the ordered development of market economy.
SAP Business One Customer Relationship Management
Today, the process of engaging customers can't be one-size-fits-all. It needs to be adaptive across all touch points and within the context of who your customer is and what they are doing. Intelligent customer engagement enables your company to build customer trust, loyalty, and insight, while also enabling your sales, service, and marketing professionals to be as productive as possible.
SAP Business Sales Module (Account Receivable)
Today the sales process is rarely as simple as selling widgets over the counter for cash to one customer at a time. Rather, it has evolved into a complex collection of interrelated processes that may involve some, if not all, of the following: production planning, inventory and logistics management, ordering, billing and dunning, and maintaining customer relationships as well as seeking out new sales opportunities. The sales process starts with nurturing sales opportunities, creating sales quotations, entering sales orders, and invoicing customers.
SAP Business One Purchase (Account Payable Module)
In current downturn, organization often finds difficult to expand their revenue. The alternate way to increase their revenue is by reducing cost. Saving cost is equals to revenue generated. Purchase of goods and services costs almost 40 – 60% of the average company’s revenue (Ref: Aberdeen Research). In manual purchase process, it is often difficult for organizations to identify the gaps and opportunities to save cost.
SAP Business One Inventory Management
Inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an ongoing process as the business needs shift and react to the wider environment.
SAP Business One Production Module
Some businesses build their products from parts and raw materials. These products can range from the assembly of a few standard parts to products with thousands of parts requiring weeks of engineering. Manufacturing (which is actually a group of sub-modules) controls the process by which this is done.
SAP Business One Material Requirement Planning
Material Requirements Planning (MRP) is a computer-based production planning and inventory control system. MRP is concerned with both production scheduling and inventory control. It is a material control system that attempts to keep adequate inventory levels to assure that required materials are available when needed. MRP is applicable in situations of multiple items with complex bills of materials.
SAP Business One Report Module
Converting Raw business data into meaningful information that can be acted upon remains an ongoing challenge for most small businesses. Few reporting tools have the functionality not only to gather data from appropriate systems but also to transform that data into a format that is useful for a business user. As a result, businesses are often compelled to cobble together reports from data that has been imported in an ad hoc manner from different applications. Additionally, since most small businesses have very limited IT resources, they constantly look for ways to make it easier for their employees to create, manage, and distribute reports.
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See some frequently asked questions with detailed answers about SAP Business One for additional insight.