What is SAP ERP and What Does SAP Stand For?
In the process of data processing SAP usually stands for Systems Applications and Products for data processing. Basically SAP is divided into various modules which include Financial Accounting (FI), Controlling (CO), Production Planning (PP), Materials Management (MM), Sales and Distribution (SD), etc. The major function of SAP is not related with programming but it can be configured through its own programming language which is known as ABAP. SAP is the best and largest ERP software in the world.
ERP (Enterprise resource planning) is a system of enterprise-wide information which is designed in such a way to coordinate all the information, resources and activities that is required to complete the processes of business like billing or fulfillment of order etc.
The Application of SAP ERP is related with software of an integrated enterprise resource planning (ERP). Usually it is the new and best outcome product after SAP R / 3. It is business software which is usually required by mid size or large organization in all industries as well as different sectors.
SAP ERP includes basically four individual solutions which support the main functional areas –
2. Human Capital Management
4. Corporate Services
SAP ERP is the software whose application is necessary to achieve business excellence. This software delivers global orientation, powerful functionality, and flexible enhancement package options which are required to gain a sustainable, competitive advantage and position of your organization for profitable growth.
SAP ERP Operations solution is the software which is the backbone for many organizations which contributes for the achievement of operational excellence in key business area, and it includes procurement and logistics execution, product development and manufacturing, and sales and service. With the operations of SAP ERP software you can be in a position to streamline your day to day operations to reduce costs, increase revenues, maximize profitability and also to improve customer service.
With the help of SAP ERP software human capital management solution can be optimized. It optimizes a complete HR processes. In this solution you get the help to attract the right people, develop and leverage their talents, with the help of corporate objectives align their efforts and also to retain top performers.
This solution meets with the financial challenges and financial management within the industry. It improves cash flow, manage financial risk etc.
With the help of SAP ERP corporate service solution, the company comes into the position to manage real estate, project portfolios, corporate travel, environment, health and safety compliance, enterprise assets etc.