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SAP Business One
What is SAP Business One
SAP Business One is an affordable, integrated enterprise resource planning (ERP) solution designed to enable growing small to midsized enterprises (SMEs) and large enterprises with subsidiary operations to better manage their entire company. SAP Business One provides one simple solution that streamlines business processes, provides real‑time information, and helps boost overall business performance.
What is the key difference between ERP and accounting software?
SAP Business One is an affordable, integrated enterprise resource planning (ERP) solution designed to enable growing small to midsized enterprises (SMEs) and large enterprises with subsidiary operations to better manage their entire company. SAP Business One provides one simple solution that streamlines business processes, provides real‑time information, and helps boost overall business performance. Accounting software packages only handle the individual business function of accounting, whereas an ERP application handles the entire range of business functions of an organization. ERP applications, like SAP Business One, fully integrate all major functional areas of business including: Finance, Human Resources, Sales, Marketing, Logistics, and more. This eliminates the need to support your business with a multitude of manual processes and non‑integrated business applications.
What are some of the benefits of using SAP Business One?
Targeted business growth through streamlined operations Improved customer retention and satisfaction through quicker response times and instant access to customer information Operational efficiency achieved by eliminating redundant and manual data entry errors with integrated core functionality Closer relationships with key stakeholders including customers, vendors, and employees through better supply chain management Lower technology costs and speed time to value.
Features
The most important core features of SAP Business One are:
Financial Management– SAP Business One offers a complete set of tools for streamlined financial operations to help businesses improve margins, reduce errors and enable more profitable decision-making. These tools include accounting, a fixed asset management system, banking and reconciliation features, and financial reporting and analysis.
Sales and Customer Management– with this tool, users can oversee the complete sales process and customer lifecycle from initial contact to final sale, after-sales service and support. This feature offers tools to address sales and opportunity management, marketing campaign management, customer management, service management, reporting and analysis, and mobile sales.
Purchasing and Inventory Control– this features improves purchasing practices and controls costs by enabling users to manage the complete order-to-pay cycle, including receipts, invoices, returns and payments. This tool includes master data management, streamlined procurement processes, accounts payable, warehouse and accounting integration as well as the ability to generate integrated reports with real-time data.
Business Intelligence– this feature enables users to create timely, customizable and accurate reports based on data from across the business. Users can create reports using intuitive tools, analytics with predefined metrics and data visualizations.
Analytics and Reporting– this module lets users make better business decisions by capturing all the critical data in real time and making it instantly available company-wide via dashboards and reports.
Benefits of using SAP Business One
The key benefits of deploying SAP Business One include:
On-premises :
Compliance with internal data security policies
Direct control and access to data
Customize and extend business process more efficiently
Leverage internal hardware and existing IT infrastructure and resources
Perpetual licensing – higher upfront cost but better total cost of ownership in the long term
Less dependence on always-connected internet
In the cloud:
Easy and affordable implementation
Secure browser-based access from anywhere, at any time
Access to the most up-to-date functionality without having to rely on in-house IT employees
Subscription licensing means no capital expenditure
Manage critical business functions in the Web browser
Mobile app:
Instant access for employees who need to view and update data from anywhere
Integrated analytics enable real-time decision making
Comprehensive sales and service functions
Enables employees on the road to be more productive