In the year 2002, SAP AG bought the Israel based business application which was called TopManage Financial Systems and it was launched by SAP in the name of SAP Business One. It suits the requirements of midsized companies because of the low cost of implementation and strong support provided by the company. When compared to R/3 and mySAP - it is less expensive for implementation.
SAP Business One competes with Microsoft Dynamics products in the market of small and midsized companies and therefore, the standard SAP version which was used traditionally, was replaced and the new version introduced a new sales module where the features such as territory sales representatives and compensation plans have been introduced. A number of add-ons are provided for retails, distribution and warehouse companies, and complete retail is provided in the models which includes the enterprise job costing and services such as Fourth shift.
SAP claims that more than 65% of its clients belong to small and midsized business, and the B1 modules provides industry specific features. Some of the features of B1 are single view of operations, automated key project, time and expense management and resource management. It manages both online and traditional sales programs, loyalty programs, sales tracks, inventory, supplier schedules, customer demand etc.
Core Modules Provided in Business One
Administration: It resembles the menu of R/3 where the administration can configure the modules for users.
Sales opportunities: The module takes care of customer service, customer accounts and tracking of prospective customers.
Financials: The accounting and funds are handled in the financial module and it resembles the R/3 financials.
Sales: The sales orders, shipping, invoice generation and related sales activities can be entered in this module.
Purchase: The purchase orders are issued in this module and the goods are send to inventory is received by the inventory.
Banking: The payments and bank related receipts are issued in this module.
Business partners: Customer, vendors and leads are maintained in the module.
Inventory: The module is integrated to purchase and it provides the evaluation to make plans and to make purchase of new stocks depending on requirements in inventory.
Production: The module is designed for planning products and to carry out the various stages of production.
MRP: It determines the requirements such as raw materials and checks the availability from inventory.
Service: It handles the contacts and provides after sales services.
Human resource: The module is designed to store employee information.
Reports: The various MIS and EIS reports of the company can be accessed in reports.
B1 is an award winning ERP package which is designed for small and midsized businesses, and it integrates the features of various software applications which prevents the hassles of multiple stand-alone applications. It has a convenient user interface and it can be configured easily as per the needs of the company. It has the features which reduces the complexities of ERP implementation and maintenance. It provides low cost implementation as compared to other packages offered by the company.