What is SAP?
SAP stands for System Applications and Products in Data Processing. SAP is most implemented software to manage the enterprise accounting and other related information in computerized and automated environment efficiently and effectively. SAP is a full fledge ERP system for business solutions in automated and computerized environment. SAP system consists of number of integrated business management soft-ware modules that are designed to fulfill the need of different departments. These integrated modules are generally SAP FICO, SAP Asset Allocation, SAP Plant Maintenance, SAP Material Management, SAP Cost Controlling, SAP Sales and Distribution etc. By and large, it is the combination of activities and information recording that are related to financial, costing, budgeting, selling, plant maintenance and other aspects of a business. SAP has its universal application regarding business-wide control and integration of financial, cost and management information which are assumed as an essential for strategic decisions and publication to prospective investors, researchers and general public at large. SAP enables the businesses to centrally track all the business related activities with perspective of International Accounting Standards, GAAP principles, group accounting, and support for multiple languages, currencies and charts of accounts. It provides an ease in order to smooth the business activities.