Do you want to know more about installing SAP ERP software into your business processes but don’t know where to start? What are you going to do?
It’s tough to know where to look first for credible and reliable information you can trust, I know, I’ve been there and I’ve got the tee-shirt!
But don’t worry, we’ve got your back! We’re going to cover everything from the history of this software, what makes a good implementation, and how it can help your business grow.
Read on for more information on this and much more:
What is SAP ERP Software?
SAP ERP software is a business application software package that allows companies to manage their data. This includes inventory, employees, materials, and other important information.
SAP and ERP have many functions, including financials/accounting, CRM, purchasing management.
SAP SRM, and HRM.SAP also comes in different formats these days and to see the SAP vs ERP comparison you should check out IFS cloud vs S4 HANA.
How Many Companies Use SAP These Days?
Today, 98% of big-brand manufacturers worldwide use SAP software for their global operations. This makes it very clear that businesses can not function without this type of software package today.
An industry where you find mostly all companies using this type of software in the pharmaceutical industry. There are other examples like the automotive industry (Ford Motor Company), oil & gas (Shell), or food (Nestle).
It is estimated that less than 2% of companies in the industry sector use this type of software.
What Features Are Usually Found in an SAP
The features and functionalities offered by this software include:
Scheduling and planning manufacturing resources (labor, machines) and allocating them to meet production targets.
This includes material requirements planning (MRP), tracking daily orders, and stock management for materials and finished goods.
Also, providing data on cost prices/currency conversions, etc for management accounting purposes such as profit & loss statements, balance sheets, etc.
It also includes:
– Sales Order Processing such as taking orders from customers, liaising with suppliers, etc.
– Transport management includes time schedules for transportation assets across road networks including trucks, ships, planes, etc.
– Financial Management allows the creation of financial documents including invoices, payments, receipts, etc.
– HR Management includes functions such as payroll calculation for employees, leave management/vacation time tracking, employee recruitment, and performance reviews.
This is not an exhaustive list but just an example of some major functionalities which are part of this software today.
SAP Offers the Power of One Centralized Hub
You can have the support service at your company headquarters, or you could have local versions installed in different parts of the world.
There are many companies that offer these services, and they will manage and maintain them for you so you don’t have to worry about it.
So, Do You Think SAP Software Is for You?
Do you want to implement an SAP ERP software solution in your business? It is a comprehensive system that can manage almost all aspects of a business.
If you are looking for a system to handle your company’s finances, production, human resources, customer communication management, and more, then SAP may be the perfect solution for you.
In this article, we’ve outlined the basics of SAP ERP so that you can decide if it’s the right fit for your business.
Want more articles like this? Check out our blog!