![]() SAP acquired Praxis Software Solutions, based in Minneapolis, 2006 and integrated its Web-based CRM and e-commerce functions into SAP B1. A reporting and budgeting function called XL Reporter was acquired from the iLytix Systems AS, based in Norway, in 2005. ![]() ![]() More functionality has been added to SAP B1 from acquisitions made by SAP. SAP B1 was originally developed by TopManage Financial Systems, a company based in Israel, and was acquired and rebranded by SAP in 2002. It has functional modules for finance, customer relationship management, warehousing and production management, purchasing and procurement, and reporting and analytics. SAP Business One (also known as SAP B1) was designed with the idea that smaller companies need ERP software to help manage their business, but not the kind of ERP that large and complex organizations need. SAP Business One is an ERP software platform specifically intended for small and medium-size businesses.
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