SAP Business One is an enterprise resource planning (ERP) software, which has been designed to support the needs of small and medium-sized business customers. It assists in controlling the accounting and sales as well as the inventory and customer relations.
Rahul Sharma
SAP Business One is an enterprise resource planning (ERP) software, which has been designed to support the needs of small and medium-sized business customers. It assists in controlling the accounting and sales as well as the inventory and customer relations. SAP created this software to provide the tools that fast-growing businesses require to operate efficiently but in a manner not as expensive and complicated as large enterprise systems.
In this guide, we’ll explain what SAP Business One is, what it does, and who should use it. You’ll also find answers to common FAQs at the end.
SAP Business One (popularly known as SAP B1) is an ERP software platform developed to simplify day to day business activities. It provides its companies with a single platform to run the entire business, including:
Financials and accounting
Inventory and buying
Customer service and sales
Warehouse and production management
Reporting and analytics
SAP business one was initially launched in the market in the year 2002 after SAP had secured an Israeli software company, TopManage. Since that, SAP has introduced numerous new features and enhancements, mobile access and cloud deployment capabilities among them.
Nowadays, more than 60,000 companies in 150+ countries find ways to develop their business with the help of SAP Business One.
SAP Business One deals with journal entries, budgets, banking and financial reports. You are able to deal with your accounts payable, accounts receivable, tax and so on. This minimizes mistakes and conserves time.
You are able to trace your complete sales process, initial contact to the actual sale and the after sales services. It also assists in managing the marketing campaigns, data of customers, service calls, as well as mobile sales team.
SAP Business One assists in controlling your supply chain. You will be able to track the quantity of items, receive inventory records, and automatic order. It is also able to integrate warehouses with financials.
The system gathers real-time information of every niche of your business. On-demand dashboards and analytics will allow you to create customized reports quickly. It is even compatible with Crystal Reports and SAP HANA to gain advanced reports.
The functionality in light manufacturing assists in the control of production orders, bill of material (BOMs), and material requirement planning (MRP). It suits the companies that have simple manufacturing requirements.
Also Read: SAP Business One Implementation Checklist for SMEs
SAP Business One suits small and mid-sized businesses which desire a scalable ERP system. You will have a growing business and spreadsheets or even the simplified accounting software will not suffice. SAP Business One can help you automate, integrates all functions of your business.
The most benefiting industries are:
Wholesale and distribution
Online shopping and retailing
Manufacturing
Professional services
Medical equipment and Healthcare
Food and Beverage companies
In case your enterprise operates on an international level, SAP Business One is compatible with several currencies, taxation, and languages. Countries have more than 40 versions of it.
SAP Business One can be installed on-premise, on a private or a public cloud or accessed on a mobile device. All the options are most suitable to varying demands:
On-premises provides total control, and it is suitable to those firms that have robust IT departments.
Cloud-based installations are faster to deploy, less expensive and remote friendly.
Mobile access also increases productivity as field staff can view and update data whenever they need to.
SAP Business One is compatible with other SAP tools and Third-Party software. It can be integrated with e-commerce services, shipping service, payroll apps, etc, via prebuilt APIs or SAP certified add-ons. Extensions are used in many businesses to fulfill the needs in a particular industry such as fund accounting, manufacturing automation or document management.
SAP does not sell Business One directly but rather it brings this product through its certified partners network. These partners assist in setup and training and support. Price is determined by:
The amount of the users
Deployment model (cloud-based or on premises)
Extensions and market requirements
A small setup would cost you at least $10,000. Bigger ones end up in the six-figure range. Depending on your budget, you can either opt to use an annual subscription or a perpetual license.
Also Read: Benefits of SAP Business One for Distribution Companies
SAP Business One provides the small and growing businesses with an efficient platform that they can use to run their operations end to end. It has a flexible deployment model, powerful implementation packages, and ease of use, hence one of the best ERP tools in the market.
SAP Business One is a great investment for your company as it can help move past using spreadsheets and disparate software, and focus on company expansion.
SAP Business One is used in small and medium-sized companies that operate in different industries. These are retailers, manufacturing companies, distributors and service companies. It suits perfectly well with companies that aim to develop and require improved regulation of their work.
SAP Business One assists in the control of financials and product sales, inventories, purchases, and customers. It links every sector of a company on a single platform thus processes are faster and efficient.
Primarily, SAP Business One is designed to work as a central management platform. It assists teams and business owners in making better decisions with the help of real-time data and analytics. It also automates day to day activities and maintains a satisfactory command of activities.
Right, the SAP Business One is intended to be clear. It has a clean interface. Its basic training can guide even the less technical users how to operate it. Most of the tools are drag and drop enabled and the dashboards are flexible.
