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Accounting: SAP Business One

SAP Business One: A Comprehensive, Integrated, Unified Software Solution for Small and Mid-sized Businesses

Like many decision makers in small businesses, you want to focus on growing your business but instead find yourself dealing with a flood of daily operational details, ad hoc requests for information, and nonstop competitive moves. Meeting these challenges is difficult and time-consuming, especially when key pieces of information reside in different systems or locations, response times can lag and create customer dissatisfaction. And disjointed sales, accounting, and operational processes inevitably result in bottlenecks and reduced productivity. Multiple systems also mean additional work – such as duplicate data entries – which in turn causes errors and delays. Meanwhile, your competition is making it hard for you to find and keep customers.

SAP Business One Streamlines Business Processes

To maintain a competitive edge, you need a clear view of all aspects of your business. You must streamline processes and find better ways to access the information that will result in the best business decisions. If you can effectively track and then access all customer related information, for example, you can service your customers more personally and intelligently at every point of contact – locking in their loyalty and ensuring repeat business.

When you can accurately monitor and manage revenue and expenses, you are positioned to optimize cash and liquidity, which increases your financial strength and gives you the flexibility to respond quickly when business opportunities arise.

The SAP® Business One Software Application Can Help Your Organization:

  • See clearly
  • Think clearly
  • Act efficiently

so that you can close the gap between strategy and execution and become a best-run business.

SAP Business One Includes All the Processes You Need to Run Your Entire Business

Unlike niche solutions, it provides complete business management functions covering financials, sales, customers, inventory, and operations. And because it is designed specifically for small businesses, it can be installed quickly (typical implementation time is about two to eight weeks) and is straightforward to maintain and use.

SAP Business One is One Single System of Unified Business Software Applications

By integrating all critical business functions, SAP Business One provides support for sales, customers, purchasing, inventory, operations, financials, and human resources. And by capturing business information in a single system, it makes the information instantly accessible across the organization, eliminating duplicate data entry, costs, and related errors. Its workflow-based alerts trigger automatic response when important business events occur, allowing you to monitor and focus on those that are most critical. Freeing you from constantly reacting to day-to-day minutiae, the application lets you spend more time driving the business forward.

SAP Business One ERP Features:

Accounting and Financials

• General ledger and journal entries

• Cost accounting

• Budget and project management

• Banking and statements

• Payment processing and reconciliation

• Financial statements and reporting

• Sales tax and value-added tax

• Multicurrency support

Sales and Customers

• Opportunities and pipeline management

• Customer and prospect contact and activity management

• Sales quotations and orders

• Sales and pipeline forecast

• Web-based customer relationship management

• Service contract management

• Service-call management entry and tracking

Purchasing and Operations

• Purchase proposals

• Purchase orders and deliveries

• Goods receipts and returns

• Accounts payable invoice and credit notes

• Bill of materials

• Production orders

• Forecasting and material requirements planning

Inventory and Distribution

• Items management and item queries

• Receipt to stock, release from stock, and stock transactions

• Warehouse transfer and serial numbers

• Inventory revaluation

• Customer and vendor catalog

• Price lists and special pricing

• Batch management

• Pick and pack

Reporting and Administration

• Microsoft Office Excel-based reporting

• Crystal Reports built-in

• Data migration workbench, user-defined fields, application program interface and SAP Business One Software Development Kit

• Employee directory and administration, and employee time

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