Posting in the Magento forums has been disabled pending the implementation of a new and improved forum solution which should better serve the community.
For new questions please post at magento.stackexchange.com, the community-run support site for the Magento community. We will be providing updates on the new forum solution soon. For questions or concerns please email email@example.com.
Magento Admin provides us many flexibilities. Most flexible is managing the multiple websites and web stores from a single Admin Panel. But in terms of managing back office Magento lacks in many ways as this is a typical eCommerce platform.
1. Proper Inventory Management and purchase planning can’t be done through Magento.
2. Accounting Management is not present in Magento.
3. Generate financial reports like balance sheet, P/L Statement, Trial Balance not possible in Magento.
4. Proper Order Fulfillement and Invoicing which is integrated with the accounting system is not possible from a typical e-commerce platform.
So for all these activities a proper back office solution is needed which can be integrated with your Magento storefront. SAP Business One is a typical back office accounting ERP package specifically targeted towards the SMEs. You can have a look at that and a good Magento Integration Platform can integrate your back office in proper manner with Magento.