SAP - 10 things to know with detail
- 1. SAP stands for Systems, Applications, and Products in Data Processing. It is a German multinational software corporation that develops enterprise software to manage business operations and customer relations.
- 2. SAP was founded in 1972 by five former IBM employees in Mannheim, Germany. Today, it is headquartered in Walldorf, Germany, and has offices in more than 180 countries worldwide.
- 3. SAP offers a wide range of software solutions for various industries, including ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), SCM (Supply Chain Management), HRM (Human Resource Management), and BI (Business Intelligence).
- 4. SAP's flagship product is SAP ERP, which helps companies streamline their business processes, improve efficiency, and make better decisions based on real-time data.
- 5. SAP has a large ecosystem of partners, including consulting firms, system integrators, and technology providers, who help customers implement and customize SAP software to meet their specific needs.
- 6. SAP has over 440,000 customers in more than 180 countries, including many Fortune 500 companies. Some of its notable customers include Coca-Cola, ExxonMobil, Nestle, and BMW.
- 7. SAP offers both on-premise and cloud-based solutions, allowing customers to choose the deployment model that best suits their needs and budget.
- 8. SAP has a strong focus on innovation and invests heavily in research and development. The company is constantly developing new products and features to stay ahead of the competition.
- 9. SAP has a strong commitment to sustainability and corporate social responsibility. The company aims to help its customers run more sustainably and reduce their environmental impact.
- 10. SAP is a publicly traded company listed on the Frankfurt Stock Exchange. It is also a component of the Euro Stoxx 50 stock market index.