‘SAP’ is an acronym for ‘Systeme, Anwendungen, Produkte der Dataenverarbeitung,’ in German,meaning ‘Systems, Applications, and Products in Data Processing.’ Founded in 1972, SAP—with its headquarters in Walldorf,
Germany—is the global market leader in collaborative, interenterprise business solutions (i.e., business software). SAP employs close to 40,000 employees worldwide, with more than 100,000 installations in about 40,000 companies in 120 countries.More than 12 million people use SAP on a daily basis. There are more than 20 industry-specific‘Industry Solutions,’ known commonly as ‘IS’ (IS-Oil, IS-Retail, IS-Bank, etc.).
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