What is SAP? The Basic Series
What is SAP? SAP is a global software provider of Enterprise Resource Planning software applications which support business process of all sizes. SAP’s Products focus on Enterprise Resource Planning and the current version is ERP 6.0. While SAP’s products were primarily targets fortune 500 companies and now it is actively targeting small and medium sized enterprises with it’s SAP business one and SAP Business All-in-One.
Following are the different sections which will help you understand what is sap.
- Who are what is SAP?
- Cost of SAP Implementation
- SAP Training
- SAP Corporate Overview
- SAP Modules Overview
Who and / or what is SAP? How popular is it?
History of SAP
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. So now you know! Being incorporated in Germany, the full name of the parent company is SAP AG. It is located in Walldorf, Germany which is close to the beautiful town of Heidelberg. SAP has subsidiaries in over 50 countries around the world from Argentina to Venezuela (and pretty much everything in between). SAP America (with responsibility for North America, South America and Australia – go figure!) is located just outside Philadelphia, PA.
The original five founders have been so successful that they have multiplied many times over such that SAP AG is now the third largest software maker in the world, with over 17,500 customers (including more than half of the world’s 500 top companies). SAP employs over 27,000 people worldwide today, and had revenues of $7.34 billion and Net Income of $581 million in FY01. SAP is listed in Germany (where it is one of the 30 stocks which make up the DAX) and on the NYSE (ticker: SAP).
There are now 44,500 installations of SAP, in 120 countries, with more then 10 million users and growing everyday. Continue Reading …
