What Advantages can SAP Business One bring to your company?

Posted by osswalinfo on January 11th, 2021

SAP Business One provides all the necessary tools for your business so that you can manage all the activities of your business smoothly.

It has eight functional areas with which you can expand your functions beyond your core administrative function and optimize business processes and deliver added value.

With this in mind, we tell you the basics of SAP Business One.

1. Finance and Accounting in SAP Business One

SAP Business One supports financial processes with the following main functions:

• Accounting: Automatically manage all key accounting processes, such as journal entries, accounts receivable, and accounts payable.

• Accurately manage cash flow, track fixed assets, check budgets, track project costs and compare actual and planned data.
• Banking & Reconciliation: Quickly process all reconciliations, bank statements, and payments by a variety of methods including checks, cash, credit cards, and bank transfers.
• Financial Reporting and Analysis: SAP Business One offers the ability to create business, accounting, warehouse and financial reports, account statements and custom reports. Reports can be exported in various formats including Microsoft Excel, Word, and PDF.

2. CRM in SAP Business One

SAP Business One has Customer Relationship Management (CRM) functionality, which is found throughout the ERP and enables complete control of customer acquisition, retention, loyalty, and profitability for the company. Tightly integrated marketing, sales, and service capabilities provide end-to-end visibility into the entire customer lifecycle.

 Key Features:

• Sales and Opportunity Management - Track sales opportunities and activities from first contact to closing.

• Customer service management gives customer service and support teams the ability to manage service contracts and warranties. Manage service calls and monitor all customer service activities with alerts and reports.

• Web-based customer management provides a web-based interface that is accessible to sales teams and customers. An intuitive interface allows sales teams to access data anytime, anywhere. Customers can submit inquiries and check the status of orders. with full visibility of historical customer information.

• Business partner management helps manage data for channel partners and vendors. Sales leads to access and data retrieval including contact analysis, profile, account management, and market pipeline analysis.

3. SAP Business One Sales Management

 SAP Business One Sales Management software operations include:

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

• Marketing campaign management: Create, manage, and analyze 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 synchronization.

•  Reporting and analysis: Create detailed reports on all aspects of the sales process, including sales forecasting and pipeline tracking, using time-saving templates.

4. Purchasing in SAP Business One

SAP Business One Purchasing allows you to manage and manage all aspects of your supplier transactions. Tools and processes include:

• Purchase Order : Allows you to issue a purchase order to vendors for materials or services, update the available quantity for ordered items, and notify the warehouse manager of the expected delivery date.

• Purchase Delivery Note: Updates the price of a product without affecting the deposit of the sellers.

• Purchase Quantities: Receive quotes directly from suppliers, and easily compare and rate quotes.

• Purchase return: Records merchandise returned to suppliers.

• Purchase invoice: Registers the invoices of the suppliers and simultaneously registers a stock entry.

• Landed Costs : Calculates the landed value of imported goods and helps allocate different types of costs and expenses such as shipping, insurance, and customs. 

5. Stock Control in SAP Business One

The Inventory module supports processes to optimize inventory management, including the following:

• Managing item master data records.

• Working with serial and batch numbers.

• Managing Inventory transactions, including goods receipts, goods issues, inventory transfers, initial item quantity settings, and inventory counts.

• Managing price lists, including period and volume discounts, and special prices.

• Working with the pick and pack process.

• Generating inventory-related reports.

6. Manufacturing in SAP Business One

• SAP Business One provides a simple and powerful strategic framework that helps manufacturers or suppliers organize and manage items for production or purchase based on different criteria.

• Better utilization of machines and labor makes it easier to manage raw materials, resources and finished products in less time and more efficiently.

• Manufacturers can react faster and more effectively to changes in market demand and start projects as this solution reduces planning time and improves the communication process.

• This solution offers formulaic and safe delivery times so that manufacturers can accurately calculate order margins.

• High quality control enables manufacturers to adapt quickly to changes in policy and ensure customer satisfaction.

       SAP B1 for Manufacturing solves the problems caused by pending or held inventory and pending work.

7. Service in SAP Business One

• Service Call Management: Enter and respond to service calls quickly, and provide support for service operations, customer interaction activities, and resource management.

• Knowledge Database: Access known problems and key solutions through a central knowledge database.

• Service Contract Management: Efficiently manage warranty and service contracts, and help ensure the timely and accurate execution of contract terms.

• Service Reports and Analysis: Create detailed reports related to call size, time, and response time, and modify the survey to get information and results.

8. Reports in SAP Business One

With the reporting functionality in SAP Business One, you can generate powerful reports for almost every aspect of your business, including customer and supplier debt, sales, cash flow, and more. Integrated SAP Crystal Reports provide detailed analysis and graphical reports. 

Reports can be generated with real-time data and displayed in various formats.