What is SAP? Applications of SAP software in many fields

SAP is a software that is widely applied in businesses from small to large scale. SAP contributes greatly to the success of every business. So what is SAP? What benefits will businesses get when using SAP? Please refer to the article below to discover the useful application of SAP!

1. What is SAP?

SAP stands for System Application Programming. This is the name of a famous software company based in Germany. SAP is a business planning software launched in 2006. SAP software is also known more fully as SAP ERP (short for Enterprise Resource Planning). SAP provides businesses with important solutions such as: customer relationship management, supply chain management, financial management, …

SAP software is always being improved with new versions of increasingly high quality. Above all, SAP also provides users with a variety of integrated software, thereby assisting businesses in easily controlling the company’s operating processes. Today, SAP ERP business planning software is trusted and widely used around the world.

2. Benefits of using SAP software

SAP software wins the trust of multinational businesses because SAP ERP brings great values and benefits. Some benefits when businesses use SAP software can be mentioned as:

• SAP software helps businesses shorten the time to calculate and process orders, this in order to save maximum business costs.
• Reduced price calculation time.
• SAP brings fast, accurate and timely information to all departments in the company.
• Create a professional, efficient and flexible working environment for all employees in the company
• Reduce costs in distribution, freight and personnel management.
• Provide professional operation process, suitable for all business characteristics of each enterprise.
• SAP software helps businesses minimize all financial risks and loan value.

3. SAP HANA: The New In-Memory Database

Back in 2010, SAP made a significant breakthrough with the introduction of its in-memory database called SAP HANA. This groundbreaking database was specifically designed to handle large volumes of data and enable real-time analytics. Moreover, SAP HANA later served as the foundation and technology platform for their cloud computing approach with SAP Cloud Platform (SCP).

4. SAP S/4HANA : Intelligent ERP

SAP HANA’s innovative capabilities prompted a complete redesign of SAP’s ERP system, giving birth to the Intelligent ERP: SAP S/4HANA.

SAP S/4HANA was introduced in 2015, aiming to enhance the efficiency of SAP ERP users with streamlined processes, improved user interface through SAP Fiori, real-time insights and analytics, automation of tasks, and even embedded predictive, machine learning, and AI features.

The diagram below shows the SAP ERP evolution in time:

Originally released as an on-premise solution, S/4HANA, known as the “digital core” of SAP’s portfolio, is now also available in the cloud (SaaS) in both multi-tenant edition (public cloud) and single-tenant edition (private cloud) options.

SAP S/4HANA is a cutting-edge ERP software that leverages modern technologies such as Big Data, Internet of Things (IoT), mobility, and real-time data. These features are easily accessible to all users through various devices like tablets, smartphones, and computers.

With S/4HANA, SAP has reached a new frontier – the era of the Intelligent Enterprise.

5. Who Uses SAP Software?

If you’re an individual worker, we don’t recommend using SAP as it can be expensive software. SAP is better suited for corporate companies and businesses aiming to achieve their goals. However, if you own a business, you can still benefit from SAP to enhance functionality. Many global multinationals like Apple and Coca-Cola use SAP in their systems.

SAP undoubtedly plays a crucial role in assisting business owners in managing their companies. Its scalable capability has made it a popular choice for almost every global company across different continents.

6. Applications of SAP software in many fields

Purchasing and Sales Management

SAP software is widely used in the purchase and sale of goods. In implementing the purchasing process, SAP helps businesses manage orders, inventory, shipping and payment processes. This helps businesses to closely manage all purchasing processes and maintain a good relationship with partners.

Besides, thanks to SAP software, businesses can effectively manage sales. Because, SAP closely monitors revenue, profit forecast, … from which businesses can conduct analysis and find potential opportunities through reporting indicators. SAP software also helps businesses manage customer relationships, service contracts, call management, and all customer interactions. Thanks to that, businesses understand the wishes of customers and develop a successful sales strategy.

Financial management

Finance is an extremely important issue in every business whether small or large. SAP software allows any business to manage accounting-related activities such as: Organize documents, journal entries, general accounting, and provide detailed reports on financial activities of the business. This is to help businesses have an overview in revenue and expenditure as well as manage capital quickly.

Inventory management

Warehouse management is a complex and time-consuming job, but SAP software helps businesses optimize time and human resources. SAP supports businesses to strictly control the warehouse import and export processes of all orders. Above all, inventory management, pricing policy, etc. will also be done more efficiently and easily.

Above is an overview of what is SAP, I believe that through the above article you have understood the importance of SAP in business. Don’t forget to share this post with everyone you know!