05 February 2020
What is SAP Business One and how does it work for SMEs?
SAP Business One is a ERP software platform specifically designed for small and medium-sized companies. SAP Business One (also known as SAP B1) was specially designed for smaller companies who also need ERP software to help them manage their business, but not the same type of ERP that large and complex organisations need.
SAP Business One has functional modules for finance, customer relations management, storage and production management, purchases and acquisitions, reports and analysis.
Features of SAP Business One
The main features of SAP Business One are:
Financial management
SAP Business One offers a comprehensive set of tools for simplified financial operations to help companies improve margins, reduce errors and enjoy more profitable decision-making. These tools include accounting, a fixed asset management system, banking and reconciliation functions, and financial reports and analyses.
Sales and customer management
With this tool, users can monitor the entire sales process and customer lifecycle from initial contact to final sale, after-sales service and support. This function offers tools to address sales and opportunities management of marketing campaigns, customer management, service management, reports and analysis, and mobile sales.
Inventory purchases and control
This feature improves purchasing practices and controls costs by allowing users to manage the entire order-to-cash cycle, including receipts, invoices, returns and payments. This tool includes data management, optimised acquisition processes, accounts payable, integration of warehouse and accounting, as well as the ability to generate integrated reports with real-time data.
Business intelligence
This function allows users to create accurate and customisable reports, based on data from the entire company. It allows you to create reports using intuitive tools, analysis with predefined metrics and data visualisations.
Analysis and reports
This module allows users to make better business decisions by capturing all critical data in real time and making them available to the entire company instantaneously through panels and reports.
Why SAP Business One is the ideal ERP solution for SMEs
As it is specifically designed for SMEs, SAP Business One covers all aspects of a small and medium-sized business and supports multiple technologies to reflect the various levels of IT investment made by fast-growing companies.
SAP Business One with more than 500 fully integrated industry-specific solutions and customised add-ons. SAP B1 provides a trusted and tailored system that not only meets today's business needs but of any type of business to drive growth.
Implemented in the facilities themselves or in the cloud, users can access SAP Business One anytime and anywhere via any mobile device, making it more flexible. This is why more and more companies are choosing SAP Business One, as it covers all aspects of a business with better performance, scalability and reliability.
But that's not all. Unlike other ERP solutions, there is no large investment required to get a business up and running with SAP B1. What makes this business management solution affordable is its pricing model, which is based on the number of users and not the number of modules.
In short, for its flexibility and ease of integration SAP Business One is the ideal ERP for leading SMEs in the market. SAP B1 also expands the integration points with each new product release, making integration tools easier to use.
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