SAP the company was founded in Germany in 1972 by five ex-IBM engineers. In case you’re ever asked, SAP stands for Systeme, Andwendungen, Produkte in der Datenverarbeitung which – translated to English – means Systems, Applications, Products in Data Processing.
SAP is a INTEGRATED business software to process all functionalities of an organisation in order to obtain a UNIFIED solution.The SAP R/3 enterprise application suite for open client/server systems has established a new standards for providing business information management solutions. The original SAP idea was to provide customers with the ability to interact with a common corporate database for a comprehensive range of applications. Gradually, the applications have been assembled and today many corporations, including IBM and Microsoft, are using SAP products to run their own businesses. SAP product are consider excellent but not perfect. The main problems with software product is that it can never be perfect.
SAP is an Enterprise Resource Planning (ERP) system by SAP AG, company based out of Walldorf in Germany. AG is derived from the German word AKtiengesellschaft. According to German Language SAP Stands for Systeme, Anwendungen und Produkte in Der Datenverarbeitung. SAP software suite that is being implemented as part of re-engineering and Provides end to end solutions for financial, logistics, distribution, inventories. Present scenario large number of companies are using sap software for their day to day business activities.
After the hugely successful R/3, SAP created more and more niche software like Customer Relationship Management (CRM), SRM, XI (now called Process Integration or PI) and once again living up to the standards of SAP by maintaining tight integration with their core ECC software . The newest version of the suite is SAP ECC 6.0.
Some interesting facts about SAP:
- SAP is known to be the fourth largest company in the world.
- SAP R/3 is a well-known business software which aims at integrating all the various areas of business.
- The software aims at providing end to end business solutions related to finance, distribution and logistics, etc..
- SAP applications, built around their latest R/3 (The “R” was for “Realtime data processing”) system, provide the capability to manage financial, asset, and cost accounting, production operations and materials, personnel, plants, and archived documents.
- The R/3 system runs on a number of platforms including Windows 2000 and uses the client/server model. The latest version of R/3 includes a comprehensive Internet-enabled package.
- The SAP R/3 enterprise application: is the latest version and is was specifically designed keeping in mind the open client/server systems which has laid down new standards which cater to the requirement of providing solution related to business information management.