SAP stands for Systems, Applications, and Products. SAP is a German company that was founded in the 1970s and develops business management software for companies of all sizes. Since its foundation, it has been a leader in the industry, and currently has around 65% of the market share. SAP’s software is meant for companies with high volumes of complex transactions, such as banks, insurance companies, etc. SAP’s software is also modular in the sense that it can be tailored to suit a specific customer’s needs or industry. The software is mainly used for finance and business-related tasks, including financial accounting, inventory management, production planning, purchasing management, etc.
- Its software is very flexible and can be used to handle any process or system, regardless of industry.
- Ensures the security of transactions. This means large sums of money do not get lost or misused.
- It is scalable and can handle an extremely large number of tasks.
- Provides its software to companies of all sizes, under flexible licensing terms.
- SAP is constantly being adapted to new technologies, such as cloud infrastructures and mobile devices.
- Used to manage finance and accounts, tracking sales, purchases, warehouse stocks, etc.
- Tracking a large number of inventory items, inventory movements and stock valuation is very easy.
- It helps you with batch processing, such as timecards and pay slips, implementing a large international company and with manufacturing and production management.