Enterprise Resource planning system is a fully integrated business management system covering all departments of the business like Finance, Accounting, Human Resources, Production and Logistics.
The ERP solutions seek to streamline and integrate operation processes and information flows in the company to synergies the resources of an organization namely men, material, money and machine through information.
ERP is the latest business, Information Technology (IT) tool in the corporate world today.
ERP is a high-end solution offered by IT to effectively tackle the problems of a business.
The latest development in the IT industry in this background in Enterprise Resource Planning (ERP).
Most organizations across the world have realized that in a rapidly changing environment it is impossible to create and maintain the custom designed software that would cater to all their requirements and be up-to-date.
Realizing the requirement of user organizations , some of the leading software companies have designed ERP software , which will offer an integrated software solution to all the functions of an organization.
ERP allows automatic introduction of latest technology like Electronic Fund Transfer (EFT), Electronic Data Interchange (EDI), Internet, Intranet, Video Conferencing, E-Commerce etc.
ERP not only addresses the current requirements of the company but also provides the opportunity of continually improving and refining business processes.
ERP provides business intelligence tools like Decision Support Systems, Executive Information System, Reporting, Data Mining and Easy Warning Systems for enabling people to make better decision and thus improve their business processes.
SAP is founded by five former IBM employees in 1972.
SAP is situated in Walldorf, Germany.
Number one vendor of standard business application software, with a worldwide market share of 31%.
Fourth-largest independent software supplier in the world.
Available in more than 14 languages.
10 out of 10 largest US companies with the highest market value use SAP software.
8 out of 10 largest US corporations use SAP software.
More than 7500 customers in over 90 countries have chosen SAP.
Nature of companies where SAP is being implemented. Aerospace & Defense Automotive Banking Chemicals Consumer Products Defense & Security Healthcare High Tech Insurance Life Sciences Logistics Service Providers Media Mill Products Mining Oil & Gas Pharmaceuticals Postal Services Professional Services Public Sector Retail Railways Telecommunications Utilities Wholesale Distribution Engineering, Construction & Operations