An ERP software helps manage and automate end-to-end business processes across a company, from finances to sales to marketing. SAP SE, a company based in Germany, has been the leading ERP manufacturer since its inception. Although most early SAP ERP solutions were designed to be used by large companies, SAP has introduced an ERP software designed specifically for small to medium-sized enterprises. When we think of small business SAP solutions, SAP Business One (B1) comes to mind.
SAP B1 has both on-premise and on-cloud versions available. Although the benefits of on-cloud SAP ERP sometimes outweigh those offered by on-premise alternatives, each company must choose its approach based on its requirements. With various cloud-based ERP systems available in the market, let's look at what modules make the SAP B1 stand apart from its competitors.
What Is SAP Business One?
SAP B1 is a business management software developed by SAP as an affordable solution for small businesses, and is built of modules and submodules.
What Is a Module in SAP Business One?
The modules in SAP B1 can be considered sets of functionalities or features that are accessed individually or integrated to provide visibility, efficiency, and productivity. This integration allows you to consolidate various aspects of your business and enable data flow between departments.
SAP Business One Modules
SAP B1 is arranged into fifteen functional modules covering the typical functions in a business organization. The following is the list of these modules:
Administration: This module holds the core settings of the entire application.
Financials: Core journal entries are entered into this module and the Chart of Accounts can be created here.
CRM: This module connects the common sales employee tasks to other modules.
Sales A/R: This module helps manage and automate the sales flow.
Purchasing A/P: This module allows the management and automation of the purchasing flow.
Opportunities: This module keeps track of potential sales and purchases using lead generation.
Banking: This module contains details of all the incoming and outgoing payments.
Master data of Leads, Customers, and Suppliers are stored in this module.
Production: This module creates production orders and stores the bill of materials master data.
Resources: Here, the master data of resources to be used in production are defined.
Inventory: Master data, including tracking, of goods to be sold or purchased is maintained in this module.
Project Management: This module helps design project workflows and stores them for future reference.
Material Requirements Planning (MRP): Forecasts of required items in sales and production are created to make purchase order recommendations in this module.
Service: This module maintains all the service contracts and has features that help create service calls.
Human Resources: Employee master data and information is maintained in this module.
Using all the aforementioned modules and other functionalities, SAP B1 gives you greater control and increased flexibility in managing your business. The SAP B1 platform is affordable, comprehensive, and highly customizable. It can be a bit challenging to understand all this information at once, but NBS is here to help you understand the various SAP ERP solutions and features and to help your business achieve its goals.