Hello Nagesh,
<b>SAP Business One is an integrated enterprise resource planning (ERP) software owned by SAP AG that targets business software requirements of small and medium sized enterprises (SMEs).
Where as 4.7 EE is basically targeted to meet the requirements of large scale businesses and which are globally established.</b>
SAP Business One, designed exclusively to meet the needs of small businesses, is an integrated, affordable business management application. It's a single system that can automate critical business operations, such as sales, finance, purchasing, inventory, and manufacturing
SAP Business One contains 14 "core modules":
Administration Module = where configuration is performed
Financials Module = where various accounting and financial activities are conducted
Sales Opportunities Module = where existing customers and potential amounts are structured tracking
Sales Module = where orders are entered, shipped and invoiced
Purchasing Module = where purchase orders are issued and goods received into inventory
Business Partners Module = where Business Partners (customers, vendors, and leads) are contacted and maintained
Banking Module = where cash is received and paid out
Inventory Module = where Inventory is valued and managed
Production Module = where bill of materials is defined and manufacturing is tracked
MRP Module = where purchase and production planning takes place
Service Module = where after-service product are managed
Human Resources Module = where employee information is kept
Reports Module = where user-defined reports are generated (as printouts or Excel files)
E-commerce= allowing customers to buy and sell online to consumers or other businesses.
Integration can be achieved using the SDK component called DIAPI. The DIAPI provides COM based interface to the business objects & business logic of SAP Business One. As those are APIs, using them require software development skills. More simple way to achieve an integration is using the SAP Business One integration platform (a.k.a. B1i) the integration platform enables simple (XML based) definition of integration scenarios. the B1i platform is being used for integration with SAP's large enterprise systems R/3.
Integration needs are present even for small business users. For example, SAP Business One offers a client/server and Microsoft Windows GUI only. It is also limited to a single chart of accounts. Obviously, many of the potential users of SAP Business One need integration of their existing websites, consolidation of multiple ERP systems and other integration solutions. The Business One SDK provides some other components that allow development of addons to the Business One Application
SAP Business One competes with Microsoft Business Solutions globally, and with a variety of national packages such as those sold by Sage in many countries around the world.
Recently new competitors with online offerings have emerged in the marketplace. Companies such as NetSuite (CRM & ERP) and Salesforce.com (CRM only) offer similar functionality in web based applications.
<b>Reward if helps</b>
Regards
Sai
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