SAP Business One functional areas

What core functional areas are supported by SAP Business One?
SAP Business One is a single, integrated solution that provides clear visibility into your entire business and complete control over every aspect of your operations. It delivers what you need to manage your key business areas, including:

Accounting and finance
SAP Business One provides a complete set of tools to help manage and streamline your financial operation. It automates everyday accounting tasks such as maintaining ledger and journal entries, supporting tax calculations, and enabling multi currency transactions.
You can conduct all your banking activities –including processing bank statements and payments, as well as reconciling accounts. You can also manage cash flow, track budgets, and compare actuals versus plans to see where your business stands at a moment’s notice.
By integrating your financial operation in real time with other business processes, such as purchasing and sales, you can speed transactions and improve visibility into cash flow.
The software provides comprehensive accounting and financial functionality, including:

Accounting – Automatically handle all key accounting processes, such as journal entries, accounts receivable, and accounts payable
Controlling – Accurately manage cash flow, track fixed assets, control budgets, and monitor project costs
Banking and reconciliation – Quickly process reconciliations, bank statements, and payments by various methods including checks, cash, and bank transfer
Financial reporting and analysis – Create standard or customized reports from real-time data for business planning and audit reviews.
Sales and customer management Acquiring new customers is important for success, but maximizing customer relationships is just as crucial.

SAP Business One provides the tools to help you efficiently
manage the entire sales process and customer lifecycle – from initial contact to final sale to after-sales service and support. Its integrated functionality provides a complete view of prospects and customers so you can better understand and meet their needs. As a result,
you can turn prospects into customers, increase sales and profitability, and improve customer satisfaction. The software’s functionality includes:

Sales and opportunity management Track opportunities and activities from first contact to closing

Marketing campaign management Create, manage, and analyse marketing activities and their impact

 Customer management Store all critical customer data in one place, with dashboard overviews of all relevant information

Service management Efficiently manage warranty and service contracts; enter and respond to service calls quickly
Integration with Microsoft Outlook Manage customer contacts with full Outlook synchronisation
Reporting and analysis Create detailed reports on all aspects of the sales process, including sales forecasting and  pipeline tracking, using time-saving templates

Purchasing and operations

Every small business needs a systematic approach to managing the procurement process, from requesting vendor quotes to creating purchase requests to paying vendors. SAP Business One helps manage the complete order-to-pay cycle, including receipts, invoices, returns, and payments. Integrated reporting tools let you easily compare suppliers and prices to negotiate better deals and identify opportunities for cost savings. SAP Business One features extensive functionality for managing purchasing and
operations, including:
Procurement  Create purchase requests, POs, and goods receipts; link purchasing documents and view document trails for audit purposes; and manage returns, additional expenses, and multiple currencies
Master data management  Manage detailed data in a user-friendly interface, view account balance and purchase analyses, and maintain detailed item purchasing information with price lists and tax information

Warehouse and accounting integration Achieve real-time synchronisation of goods receipts and inventory warehouse levels; process accounts payable invoices, cancellations, and credit memos with a PO reference; plan your material needs; and schedule your purchases accordingly
Easier, up-to-date reporting Generate reports with real-time data and display them in various report formats or dashboards.

 

Inventory and distribution

SAP Business One provides accurate information about inbound and outbound shipments,inventory, and item location. You can value inventory using standard costing, moving average, FIFO, and other methods; monitor stock levels; and track transfers in real time.
You can run real-time inventory updates and availability checks and manage standard and special pricing. You can also apply volume, cash, and customer discounts and run reports that reveal their impact. The software’s functionality supports:
Warehouse and inventory management
Manage inventories using various costing models, maintain item master data, and use multiple units of measure and pricing

Bin location management Manage inventory by dividing each warehouse into multiple subzones, set up allocation rules, optimize stock movement, and reduce picking times
Goods receipt and issue control  Record goods receipts and issues; track stock locations and transfers; enable consignment, drop-ship, and other orders; and perform inventory and cycle counts

Production and material requirements planning Create and maintain multilevel bills of materials (BOMs), issue and release production orders manually or by backflush, and globally maintain prices for BOMs

Efficient reporting Generate reports with timely data and display them in various formats or dashboards.

 

Reporting and administration
SAP Business One provides powerful analytic and reporting tools. It includes a complimentary and fully integrated version of SAP Crystal Reports® software, so you can gather data from multiple sources and generate timely and accurate reports based on company-wide data. Integrated with Microsoft Office, SAP Crystal Reports lets you choose from a variety of report formats and control access to information displayed.
With optional analytics powered by SAP HANA, SAP Business One takes advantage of inmemory computing for analysis and reporting. You gain real-time access to predefined dashboards and reports, as well as productivity tools to support decision making.
You can tailor forms and queries to meet specific requirements without technical training. You can also configure settings to define exchange rates, set authorisation parameters, and create import and export functions for internal mail, e-mail, and data.SAP Business One includes:
Report creation and customization Access data from multiple sources, create new reports, and customize existing ones in a variety of layouts with minimal IT overhead
Ad hoc analysis Leverage Microsoft Excel pivot tables to slice and dice your data, seeing your business from new angles
Intuitive tools Drag and relate, drill downs, search assistance, and workflow-based alerts.
Embedded analytic applications from SAP Fully integrated standard printing and reporting platform:
• Customers receive Business Objects technology, a leading solution for printing and reporting
• Compelling embedded real-time reporting function with SAP Crystal Reports
• Powerful visualizations and built-in analytics with SAP Crystal Dashboard Design
• Real-time business transparency and clarity

 

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