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Read more at SAP News Center
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Read more at SAP News Center
SAP - 10 things to know with detail
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.
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.
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).
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.
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.
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.
SAP offers both on-premise and cloud-based solutions, allowing customers to choose the deployment model that best suits their needs and budget.
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.
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.
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.