SAP is an Enterprise Resource Planning software (ERP) from the company SAP AG, Germany. SAP (or generally any ERP) is used in large or medium size enterprises to integrate the processes across various functions. AP system consists of a number of fully integrated modules, which covers virtually every aspect of business management.
SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations worldwide, over 25 industry-specific business solutions and more than 75,000 customers in 120 countries. Other Competitive products of SAP Software in the market are Oracle, Microsoft Dynamics, etc.
Key benefits of the centralized system are:
- It eliminates the duplication, discontinuity, and redundancy in data
- Provides information across departments in real time.
- SAP System provides control over various business processes
- Increases productivity, better inventory management, promotes quality, reduced material cost, effective human resources management, reduced overheads boosts profits
- Better customer interaction and increased throughput. It also improves customer service
- Hence, a centralized enterprise management system is required.
- SAP Software is a centralized enterprise management system, also known as Enterprise Resource Planning.
- The meaning of the acronym SAP is Systems Applications and Products in Data Processing