SAP Business One.........???

For begginners and students-
SAP Business One- an integrated ERP solution provided by the world's largest ERP solution provider SAP specifically for small and medium-sized businesses (SMB, SME).
SAP Business One consists of applications for Financial, Distribution, CRM, Manufacturing, MRP, HR and Services.
The SAP Business One Vanilla Model is structured of 13 Modules which are designed to meet the core business processes. The Modules are as mentioned below
1) Administration Module which is for configuration
2) Financials Module which is for the accounting and financial activities
3) Sales Opportunities Module which is for tracking the existing customers and potential amounts
4) Sales Module which is for entry of orders, shipping and invoicing
5) Purchasing Module which is for issuing of the purchase orders are issuing and receiving goods into inventory
6) Business Partners Module which is for maintaining and contacting the Business Partners (customers, vendors, and leads)
7) Banking Module which is for cash receipts and payouts
8) Inventory Module which is for Inventory control, valuation and management
9) Production Module which is for defining the bill of materials and tracking the manufacturing process
10) MRP Module which is for purchase and production planning
11) Service Module which is for managing the after-service products
12) HR Module which is for maintaining the employee information
13) Reports Module which is for generation of the system-default and user- defined reports on-screen tables or as printouts
SAP provides optional add-ons at no extra charge for applications such as fixed assets, synchronization with MS Outlook and advanced forms design. Perhaps the most exciting add-on in this category is the XL Reporter reporting tool. With preset metadata, a drag and drop design and over 80 starter reports, it is extremely easy to learn and use. It uses MS Excel for formatting and comes with a choice of ready-to-use templates or you can put your knowledge of Excel to work to create your own.
The scope of the product is further extended by over 100 third party add-ons. Some are developed using SAP's Software Development Kit which results in a consistent 'look and feel' to Business One. Some add-ons have their integration with Business One certified by SAP.
The product has a relatively modern and 2-tier architecture. It offers users a high level of flexibility with the ability to create a virtually unlimited number of user-defined fields and tables, user-configurable alerts and workflow processes. Users can control to a significant extent the display of data on transaction screens, configure look-up windows and set data access security. Most of this tailoring can be achieved with no formal IT skills.
Bundled with Business One are templates that provide out-of-the-box integration with mySAP Business Suite. This makes it an ideal solution for small subsidiaries of large enterprises that use the larger SAP systems. SAP has also seen to it that the General Ledger, audit ability and security are all of a standard to suit the needs of a demanding large parent company.