Saturday 2 February 2013

SAP FI: What is "SAP Business One"

The SAP thrust to carve a niche in the medium and small corporate segment for small businesses with between five and 100 users, was defined by executing a strategy of acquiring third party developed business applications, integrating and branding the new system as “SAP Business One”. These acquisitions were targeted to allow SAP to reach out to the mid- market through its partners and to gain additional business from the smaller subsidiaries of its enterprise customers.
To this end SAP invested in the following acquisitions:
In 2002 SAP acquired TopManage Financial Systems, an Israel-based developer of business applications. TopManage was founded by Shai Agassi who was formally president of the Product and Technology Group at SAP and his father Reovan. This product is an "international product" and "easily configurable in terms of localization". The product is currently available in English, Hebrew and Spanish versions, with the German and French versions to follow.
In 2004, SAP acquired the technology and assets of iLytix Systems AS, a privately held software company based in OsloNorway. With this acquisition SAP introduced the new reporting and budgeting capabilities in SAP Business One called XL Reporter.
In 2006 SAP acquired Minneapolis based Praxis Software Solutions, previously a SAP Business One partner. This strategic acquisition enables SAP to integrate the company’s Web-based CRM and e-commerce capabilities into SAP Business One.
SAP Business One contains 14 core modules:
01. Administration Module, where configuration is performed
02. Financials Module, where various accounting and financial activities are conducted
03. Sales Opportunities Module, where existing customers and potential accounts are structured tracking
04. Sales Module, where orders are entered, shipped and invoiced
05. Purchasing Module, where purchase orders are issued and goods received into inventory
06. Business Partners Module, where Business Partners (customers, vendors, and leads) are contacted and maintained
07. Banking Module, where cash is received and paid out
08. Inventory Module, where Inventory is valued and managed
09. Production Module, where bill of materials is defined and manufacturing is tracked
10. MRP Module, where purchase and production planning takes place
11. Service Module, where after-service products are managed
12. Human Resources Module, where employee information is kept
13. Reports Module, where system-default and user-defined reports are generated (as on-screen tables, printouts or Excel files: Print Layout Designer, Advanced Layout Designer and XL Reporter)
14. E-commerce, allowing customers to buy and sell online to consumers or other businesses.

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