SAP stands for the English phrase “System Application Programming”. It is the name of a well-known software supplier company in Germany in particular and the world in general. SAP is also in the list of 4 software companies with the largest scale in the world. This cult enterprise is the “father” of SAP ERP software that is loved and used by many companies around the planet.
What is SAP software? Benefits when businesses use SAP ERP 1
What is SAP software?
SAP’s head office is located in Walldorf, Federal Republic of Germany. This company has 2 headquarters in Vietnam, they are respectively located in 2 “headquarters” cities of our country, Hanoi and Ho Chi Minh City. 2 SAP Vietnam facilities under the SAP Asia chain. SAP Asia’s head office is located in Singapore.
As of 2018, SAP has served over 400,000 customers in 180 countries around the world. Small and medium businesses especially love SAP ERP software, they account for 80% of all customers who come to SAP. Thanks to the development and sales of this product, SAP has earned huge profits.
Its 2017 revenue is estimated at around $27.4 billion. It is honored to be ranked 12th in the list of the world’s largest enterprises voted by Forbes magazine.
What is SAP software?
SAP software is also known by its fuller name, which is SAP ERP (Enterprise Resource Planning) software. It is a business planning software created by the German company SAP. It was first hit the market in 2006.
It is still constantly evolving and being improved into newer, better versions. SAP offers customers utility applications such as financial management, human resource management, product line management, supply chain management, customer relationship management, etc.
Continuing with the concept of what is SAP software, let’s dive into the main features of SAP and analyze each feature in detail!
Sales management: The business’ sales process will be closely monitored by the SAP ERP system, so that businesses can conduct revenue analysis, forecast profits, and find potential opportunities. capabilities through indicators and reports. SAP will help businesses manage customer relationships; help them understand and grasp the psychology of customers, thereby selling successfully
Purchasing Management: SAP software can help you build, manage, and maintain relationships with suppliers. Items such as orders, quantity of goods, profit level, outstanding debt, etc. will all be strictly managed.
What is SAP software? Benefits when businesses use SAP ERP 2
The main features of the SAP system
Warehouse management: Warehouse management is a complicated job, but just taking advantage of the help of SAP, businesses can “lighten up” a lot. This system will help you manage inventory, pricing policy… in a thorough and effective way
Financial management: This is an extremely important task of every business no matter how large or small their size. SAP ERP will help you manage accounting and finance related activities such as: general accounting, journaling, budgeting… It will also provide you with full reports on the above activities. above
► Read more: Top 5 best free accounting software today
Benefits of using SAP software
It is no coincidence that SAP software is trusted and used so much by small and medium enterprises. Let’s learn about the benefits when businesses use SAP ERP!
Helps reduce costs in order processing, distribution and freight costs
Reduce the time businesses have to spend to calculate the selling price
Reduce the amount of loan needed
What is SAP software? Benefits when businesses use SAP ERP 3
Benefits when businesses use SAP software
Increase cash flow
Increase potential investment
Create a more efficient and flexible working environment for employees of enterprises
Provide the information that businesses need accurately and quickly
Suitable for many types of businesses, meeting even specific requirements
Above is our article about SAP. Surely you already know what SAP software is, its features and the benefits it brings to businesses, right? Hope these insights will help you a lot in your accounting job search!
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