The Evolution of SAP Business One (SAP B1) Enterprise Resource Planning
SAP Business One is an integrated enterprise resource planning (ERP) solution for small and medium-sized businesses, as well as divisions and subsidiaries of larger companies. Produced by the world’s leading ERP software company SAP, the business management system is intended to assist companies by providing one software solution for sales, customer relationships, inventory, operations, financials and human resources. The application has over 30,000 customers.
The Business One product is sold, implemented, and supported through a global network of local resellers. Unlike other ERP systems on the market, The SAP Business One software solution is not sold by the modules. Instead, it is sold by the user. The rough cost of a SAP B1 Professional user license is around $2795.00. For the users not requiring full access to the entire Business One system, Limited Financial, CRM, and Logistics licenses can be purchased.
SAP Business One provides essential business functions out-of-the-box, including:
“¢ Financial management: automate financial and accounting processes. Includes support for multiple currencies, budgeting, and bank reconciliation
“¢ Warehouse and production management: manage inventory across multiple warehouses, track stock, and manage production orders based on material requirements planning
“¢ Customer relationship management: offers sales and opportunity management, and after-sales support
“¢ Purchasing: automate procurement ““ from purchase order through vendor invoice
“¢ Mobility: for iOS, SAP releases an app for iPhone or iPad to interact with SAP Business One in the backend
“¢ Reporting and Business Intelligence: provides access to data in order to create new reports and customize existing ones with integration with Crystal Reports
“¢ Analytics Powered by SAP HANA capabilities: using in-memory computing technology / SAP HANA database for instant access to real-time insights
SAP Business One is delivered with 41 country localizations, and supports 26 languages.
In March 2002 SAP purchased TopManage Financial Systems, an Israel-based developer of business applications and branded their system as SAP Business One. TopManage was founded by Reuven Agassi and Gadi Shamia, both have taken key executive positions at SAP following the acquisition.
The acquisition allowed SAP to reach out to the midmarket through its partners and also to gain additional business from the smaller subsidiaries of its enterprise customers.
In December 2004, SAP acquired the technology and assets of iLytix Systems AS, a privately held software company based in Oslo, Norway. As a result SAP introduced new reporting and budgeting capabilities in SAP Business One called XL Reporter.
In July 2006 SAP acquired Praxis Software Solutions and planned to integrate the company’s Web-based CRM and e-commerce capabilities into SAP Business One. Financial terms of the deal weren’t disclosed. Minneapolis-based Praxis, a private software company, had previously been a SAP Business One partner.
In 2011 SAP partnered with CitiXsys to use their business consolidation solution to extend reach for SAP Business One intercompany integration. The solution enables businesses to manage intercompany transactions for more than one company by automatically replicating corresponding transactions across multiple company databases.
At last recorded count, SAP has 88,000 SME’s worldwide using B1, which represents 70% of their user base. As a SAP Partner since 2005, and Business One Reseller, The Cornerstone Consulting staff can attest to the popularity of this ERP system for small and midsized businesses. Cornerstone can’t sell and implement this integrated: financial accounting, customer relationship management (CRM), sales, service, operations, inventory tracking-control management, material requirements planning, and warehouse and production business software solution fast enough for numerous manufacturers and distributors.
For ERP Systems and Business Software Implementation, Configuration, Tech Support, and Related Services Contact Cornerstone
Since 1983, Cornerstone Consulting has been providing enterprise business management software systems to small and midsized manufacturing, wholesale distribution, and retail companies. In 2005, Cornerstone Consulting became trusted SAP Partners and resellers of SAP Business One. This enterprise resource planning system (ERP) combined with the configuration expertise of Cornerstone Consulting, allows your organization to implement a state-of-the-art business management solution, tailored to meet your specific needs.
You can dramatically boost your company’s performance, confidently lead your business into the mobile future, and strategically out-run your competitors with SAP Business One . The ERP system has many benefits to offer your small or midsized business including: the ability to access the enterprise resource planning system on your iPhone and iPad; better analytics via Crystal Reports; instant, “real time” access to information from finance, manufacturing, warehouse management, customer service and sales departments, as well as automatic “workflow alerts” that provide warnings based on individualized business rules. This permits immediate action in the event of any type of deviation in your “business critical” data. Such an “early warning system” allows businesses to anticipate problems ahead of time as well as work proactively to prevent issues, which can save both time and money. We’d be happy to show you how SAP Business One ERP can transform your small or midsized business. To review Business One, contact Cornerstone Consulting at 813-321-1300.
Cornerstone Consulting’s areas of expertise include, but are not limited to:
- SAP Business One ERP
- Sage Pro ERP
- E-commerce Application
- Mobile Apps
- Cloud Computing
- Web Design and Development
- Custom Programming
60% of GDP runs SAP
SAP touches 60 percent of the world’s transactions. SAP takes this responsibility very seriously.
A subsidiary of SAP AG, SAP America oversees all business operations in North America and is headquartered in Newtown Square, PA ““ about 15 miles west of Philadelphia. SAP has about 12,500 employees in North America, with more than 2,000 employees in Newtown Square and more than 10,000 total employees in the U.S.