WHAT IS ERP AND SAP?
ERP, short for Enterprise Resource Planning, is business process management software that allows an organization to integrate various processes that are essential to running a business into one complete system in order to increase productivity and improve performance within an organization.
ERP software is basically a suite of integrated applications designed to manage the key functions of a business including accounting, inventory and order management, human resources, and more. It integrates all those basic functions into one centralized system in order to streamline processes and information flow across the entire business organization.The automated system integrates areas such as planning, inventory, purchasing, marketing and sales, human resources, and finance. In short, ERP is a technology that automates the core business processes of an organization in order to eliminate redundant processes and systems.
SAP stands for Systems, Applications, and Products in Data Processing. It’s a German multinational software company. It develops enterprise software to manage business operations and customer relations. SAP provides a software suite of business process applications that are implemented across large or medium size enterprises to provide end to end solutions for logistics, distribution, financial, and inventories. It integrates core business processes across various functions with each function tied up to the respective module in SAP.
The company is the world’s leading enterprise resource planning (ERP) software vendor. SAP is the largest non-American software company by revenue, the world’s third-largest publicly traded software company by revenue, and the second largest German company by market capitalization. SAP is the world’s largest vendor of ERP solutions and the market leader in business process applications such as ERP, CRM, SCM, etc.