What Can Go Wrong in an SAP Implementation and How to Prevent It? SAP is the world leader in producing software required for managing a variety of business processes and creating effective solutions enabling efficient data flow across the organizations. SAP B1 centralizes data and helps companies manage their complex [...]
Dunning in SAP Business One and How to Configure a Dunning Wizard Businesses need to monitor payments from each customer about a good or service and track which customers are behind on their payment or are under debt. The dunning procedure is SAP B1’s one of the best tools that [...]
Creating an IFRS Setup in SAP Business One The International Financial Reporting Standards or IFRS are frameworks, interpretations, and standards needed for the presentation and preparation of financial statements of an organization that are adopted by the International Accounting Standards Board (IASB). Companies need to prepare their financial statements as per the [...]
Analytics and Reporting in SAP Business One Businesses generate a substantial amount of data across verticals in their organizations. Analyzing this data is integral for the business to achieve growth and boost its revenue. However, if you don’t leverage this data, then it is as good as letting the gold mine [...]
Segregation of Duties in SAP Business One for Risk Management The accounts department in a company is responsible for generating accurate and timely financial reports. These financial reports are necessary not just for keeping an eye on the financial health of a business but also for gaining insight into fraud [...]
Challenges SMEs Face During ERP Implementation Enterprise resource planning solutions have long been the topic of debate across many organizations. Whether a business is big or small, it is necessary to manage every resource—right from employees to strategies, efficiently. While the need for an ERP system can be debated, there’s no doubt [...]
Customer-Vendor Integration in SAP Business One In the SAP system, a business partner is defined as the “person, organization, or group with which any company has a business interest.” Organizations can create and manage their business partners or BPs and define their roles. Typically, business partners can be defined as [...]
How Does SAP Business One Manage the Foreign Currency Exchange Rate? If you are managing your business regularly using foreign currencies, you are most likely to be impacted by constant fluctuations in the foreign exchange rate. For example, if you raise an invoice for a US-based client at one exchange rate, you [...]
What is Post-Go-Live Optimization in SAP Business One and Why is it Essential? If you believe that going live with your SAP Business One or SAP B1 solution means the end of the ERP execution journey for your enterprise, then you couldn’t be more wrong. To maximize business benefits from your SAP [...]
SAP Business One on MS SQL vs. HANA – A Detailed Comparison SAP Business One on MS SQL vs. HANA – A Detailed Comparison To use the SAP Business One or SAP B1 tool in your business functions, you must choose between running your solution either on the SAP [...]
