SAP is a German software company known for building software solutions for businesses. It is best known for its Enterprise Resource Planning software that helps organizations of different sizes track and automate business processes with a suite of integrated software applications.
SAP software was founded in 1972 by five IBM employees who left the company when the project they were working on was no longer the focus of their employer. By 1973, they already had their first commercial product which was an ERP software.
Today, SAP software is a leader in ERP software, boasting of over 437,000 customers in over 180 countries.
What Does SAP stand for?
SAP stands for Systems Applications and Products in Data Processing. Of course, being a German software company, the acronym is a translation of the German meaning Systeme, Anwendungen und Produkte in der Datenverarbeitung.
Acronyms are very common in SAP. We have already seen SAP and ERP, but there are tons of others. It you use SAP on a regular bases or you are just being introduced to SAP software for the first time, it might be a good idea to know a couple of these acronyms. Here is a helpful guide with an SAP acronyms list.
SAP Software Solutions
SAP is not one software. The company makes a lot of business software, you just have to pick the one your business needs. Even for a given solution, the company offers different software options depending on your needs.
Some of the most popular SAP software solutions include ERP, CRM (acronym for Customer Relationship Management), Supplier and Procurement management, Supply Chain Management, HR (acronym for Human Resources), and Analytics.
SAP also offer solutions that can integrate emerging technologies like IoT (acronym for Internet of Things), Machine learning, and Blockchain.
SAP S/4HANA (ERP for Large Businesses)
SAP S/4HANA is an ERP solution for large businesses. It was first released in 2015 as a successor to the SAP R/3 and SAP ERP. A version with cloud support, the SAP S/4HANA Cloud was released in March 2016.
The difference between the two versions is that while SAP S/4HANA is deployed on premises, the SAP S/4HANA Cloud can be deployed in the cloud or on premises. SAP S/4HANA Cloud also support a hybrid approach that allows for deployment both on premises and in the cloud allowing for easier and faster integration between headquarters and branch offices.
SAP Business One
SAP Business One is an ERP solution for small businesses. The solution can be deployed on premises or in the cloud and is designed to help small businesses streamline their processes for a more efficient operation.
SAP Business ByDesign
If you are running a medium sized business, the SAP Business ByDesign is an ERP solution for you. It also integrates CRM solution for you.
SAP C/4HANA
SAP C/4HANA is a CRM solution for businesses. The aim of this software suite is to help you offer the best possible experience to your customers. The CRM software will help you ensure your businesses offers the same experience to customers across all departments.
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