SAP

SAP

SAP

What is SAP

SAP stands for Systems, Applications and Products in Data Processing. It helps the companies in ensuring that they efficiently run their business and are able to perform all the tasks and activities that they are required to. It provides the businesses with proper and accurate solutions for their businesses by providing them with the right application required for the smooth running of the business.

Brief History of SAP and its Relation to ERP & AIS

SAP was founded in 1972 and the history of growth and innovation in the industry has been rich. It is the industry leader today and has ensured that all the businesses are positively impacted by it and it provides the best solution to all the businesses for effective and efficient running of the business. SAP's sales and development is present in about 75 countries globally and the companies taking advantage from the solution provided by SAP are more than 109,000. Its relation to Enterprise Resource Planning (ERP) and AIS has been since long and has proved to be beneficial. With SAP ERP, companies can bring change that is cost effective and is in line with the industry requirements. The relation to the Automotive Industry Solutions is also old and has helped the automotive companies in ensuring the best solutions for their businesses. It helps the companies in identifying the customer needs and providing the best solutions for the customers. There is software designed for helping the companies in knowing what it should do to improve its business.

Four Processes that can be helped by SAP ERP Financials

The following four processes can be helped by SAP ERP Financials:

General Ledger

This process is supported by providing managerial, legal and segment reporting and accounting. It also provides support to IFRS, GAAP, and tax processes.

Accounts Receivable

It helps in the recording and managing ...