In 2002, SAP AG purchased an Israel-based developer of business application called Top Manage Financial System: SAP renamed its product Business One. SAP Business One is targeted for small and medium enterprise [SME]. Due to its low implementation cost and SAP support, most SME find Business One affordable compared to SAP R/3 or my SAP ERP. SAP Business One consists of the following core modules:
Ø Administration Module: This modules is similar to the IMG menu in SAP R/3 , where configuration is performed.
Ø Financial Module: This module takes care of an entity’s accounting needs: this is similar to FICO of R/3.
Ø Sales Opportunities Module: This is where existing customers and potential accounts are structured and tracked.
Ø Sales Module: Module where orders are entered, shipped, and invoiced; this is similar to the SD module of R/3
Ø Purchasing Module: Module where purchase orders are issued and goods are received into inventory; this is similar to the MM module of R/3
Ø Business Partners Module: Module where business partners [Customers, Vendors, and Ideas] are contacted and maintained.
Ø Banking Module: Like the SAP R/3 banking module, this module records payments and receipts.
Ø Inventory Module: This Module, integrated with the purchase module, helps inventory evaluation.
Ø Production Module: Module that takes care of production process.
Ø MRP Module: Module that determines purchase requirements and checks product or material availability
Ø Service Module: This sub-module handles contact management for after –sale services.
Ø Human Resources Module: Module where employee information is kept; similar to the HR Module in R/3.
Reports Module: Helps to build new reports. Here we will find delivered reports. 
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