Started in 1972 by 5 former IBM employees in Mannheim, Germany. SAP today is probably one of the world’s largest enterprise software company and is the globe’s 4th largest independer supplier of software. SAP in German refers to “Systeme, Anwendungen, Produkte”, which means “Systems.
Applications and Products”. The initial idea for SAP was to provide a single and common corporate database for customers to base their business applications over. Modules in SAP’s Enterprise Resource Planning (ERP System).
Introduction to SAP
An undisputed leader when it comes to integrating various ERP software modules, every one of SAP’s business module work together seamlessly. The entire SAP ERP suite contains a great deal of software modules covering various aspects of business. The modules are:.
Material Management (MM).
Warehouse Management (WM).
Plant Maintenance (PM).
Sales and Distribution (SD).
Logistics Execution (LO).
Production planning (PP).
Environment, Health, and Safety (EH&S).
Fleet Management (FM).
Quality Management (QM).
Financial Supply Chain Management (FSCM).
Investment Management (IM).
Project Systems (PS).
Enterprise Controlling (EC).
Human Resources Modules:.
Organization Management (HR-OM).
Advance Business Application Programming (HR-ABAP).
Personnel Management (HR-PM).
Personnel Administration (HR-PA).
Personnel Development (HR-PD).
Personal Time Management (HR-PT).
Enterprise Compensation (HR-ECM).
Training and Event Management (HR-TE).
Learning Solutions (HR-LSO).
Cross-Application (CA), includes classification systems and workflow.
Security and Authorizations.
Basic Components (BC or BASIS).
Other Modules (requiring separate installation):.
Business Warehouse (BW).
Business Planning and Consolidation (BPC).
Corporate Finance Management (CFM).
Strategic Enterprise Management (SEM).
Business Consolidation and Sourcing (BCS).
Business Intelligence (BI).
Process Integration (PI).
Global Trade Services (GTS).
Knowledge Warehouse (KW).
International Demonstration and Education System (IDES).
Customer Relationship Management (CRM).
Master Data Management (MDM).
Supplier Relationship Management (SRM).
Exchange Infrastructure (XI).
Some of these modules, especially those in Finance and Investment can be sub divided into sub categories. Finance, Controlling, Sales and Distribution, and Material Management are a few of easily the most critical modules in SAP. SAP can be tailored according to the client’s needs.
SAP In Retail
SAP Market Share and Revenue.
As a market leader in the ERP industry, since 2013, SAP command and owns the single largest share of the worldwide ERP market at 24%, many leading MCNs and SMEs are users of SAP ERP system.
Benefits of SAP Software: What Can It Do for Your Business?
In today’s fast moving world, most businessers have different aspects of operations which need to communicate with one another in order to keep things running smoothly in the right direction. Before such integrated system, many business softwares covered different aspects of businesses and have no reliable and efficient way of communicating and enabling seamless data flow between the different aspects of business.
In today’s fast changing world, SAP ERP systems are used globally by Fortune 500 and small businesses alike.
Increased Productivity in Business.
Businesses that use SAP ERP systems enjoy higher productivity among their staff across different departments. With a SAP system, there is no need for redundant work like data entry across different software and a more seamless process in data sharing across different departments of a company.
With a single system, a business can quickly take an overview of and staff are from the mundane tasks and have the capacity to pay attention to more crucial tasks.
Significant Cost Savings.
With the ease of tracking all the company’s data and generating reports, businesses do not have to think about delaying on colating data and they do not have to fret about getting different softwares for different business functions. At the same time, with process standardization and effciency, there are significant cost savings.
Using SAP allows businesses across all industris of any size to align their strategies through the reporting of all business data so that management can get a better idea of what is taking place within the company.
SAP Business One.
SAP Business one is a manufucturing system that integrates all core functions across the entire company that includes inventory, operations, customer relationship management and financials. Unlike other softwares, SAP Business One is a single software application and does not require the use of integrating different modules.
SAP For Small Businesses
Benefits of SAP Business ONE.
Improve your bottom line by improving business efficieny. Centralise and manage your entire business across different functions and reduce human errors.
Emphasize the issues that matter – streamline operations from end to focus and end on the high value work.
Through reporting of your business from various sources, make smarter and faster business decision easily.
Fast implementation – using this application, your business could be integration within 2 to 8 weeks. User friendly interface reduces the needs for user training and reduce the cost of ongoing IT support.
Customisable – SAP Business ONe can be tailored to your business’ needs.
With the help of financial and management accounting functionality along with business analytic, it allows a person to have better visibility of the organization’s financial status. The better visibility results into better risk management and improved financial control.Installing SAP ERP through rapid-implementation techniques costs companies half of the cost of installation through traditional approaches. Further, SAP ERP also helps an enterprise to identify the concerns early.
SAP uses the services architecture of an enterprise to improve its efficiency, process standardization and adaptability. This flexibility in extension helps organizations to save few extra bucks.Through the various components and modules of SAP ERP Financial solutions, this application helps companies to improve their financial management. With the help of financial and management accounting functionality along with business analytic, it allows a person to have better visibility of the organization’s financial status. The better visibility results into better risk management and improved financial control.Installing SAP ERP through rapid-implementation techniques costs companies half of the cost of installation through traditional approaches. Further, SAP ERP also helps an enterprise to identify the concerns early.