report SAP system
Analyses the adoption of SAP systems
1. Introduction
With the development of science, computer technology plays an important role in people’s daily work. Regarding companies, SAP system, which is an effectively business financial software, is becoming increasingly necessary to operate in many entities. From a financial accounting perspective, SAP system has a significant impact on accounting. This report divided into three parts. The first part will introduce the explanation of SAP system and its financial functions as well. The second section will present the financial benefits and challenges which has been identified. Some recommendations of success factors of SAP adoption will be given in the last part.
2. Definition of SAP
SAP stands for “systems, Applications, Products in data processing” (Yusuf, Gunasekaran and Abthorpe, 2004). Besides, SAP system is a famous ERP (enterprise resource planning), which helps the management of entity, financial operations, risk analysis, the communication between financial and management department (Bierstaker, Burnaby and Thibodeau, 2001).
2.1 Overview of SAP
SAP system is a software platform, which was created by 5 ex-IBM employees in German (Kumar, Scheer and Kotler, 2000). In addition, Robert Jacobs and Ted Weston (2007) states that SAP is not only the largest inter-enterprise software, but also the 4th largest software company in the world. Compared with other ERP softwares in the market, such as the Oracle, JD Edwards, People Soft, IMB, Baan and etc., SAP system has been adopted by most large companies because of its more high integrated version (Robert Jacobs and ‘Ted’ Weston, 2007). 2.2 Functions of SAP
According to the article written by Botta-Genoulaz and Millet (2006), SAP is an integrated software consisted of a series of functions: FICO(financial and control), MM(material management), PP(production planning), SD(sales and distributions), HR(human resources management).
2.2.1 FICO
Specifically, FICO
1. Introduction
With the development of science, computer technology plays an important role in people’s daily work. Regarding companies, SAP system, which is an effectively business financial software, is becoming increasingly necessary to operate in many entities. From a financial accounting perspective, SAP system has a significant impact on accounting. This report divided into three parts. The first part will introduce the explanation of SAP system and its financial functions as well. The second section will present the financial benefits and challenges which has been identified. Some recommendations of success factors of SAP adoption will be given in the last part.
2. Definition of SAP
SAP stands for “systems, Applications, Products in data processing” (Yusuf, Gunasekaran and Abthorpe, 2004). Besides, SAP system is a famous ERP (enterprise resource planning), which helps the management of entity, financial operations, risk analysis, the communication between financial and management department (Bierstaker, Burnaby and Thibodeau, 2001).
2.1 Overview of SAP
SAP system is a software platform, which was created by 5 ex-IBM employees in German (Kumar, Scheer and Kotler, 2000). In addition, Robert Jacobs and Ted Weston (2007) states that SAP is not only the largest inter-enterprise software, but also the 4th largest software company in the world. Compared with other ERP softwares in the market, such as the Oracle, JD Edwards, People Soft, IMB, Baan and etc., SAP system has been adopted by most large companies because of its more high integrated version (Robert Jacobs and ‘Ted’ Weston, 2007). 2.2 Functions of SAP
According to the article written by Botta-Genoulaz and Millet (2006), SAP is an integrated software consisted of a series of functions: FICO(financial and control), MM(material management), PP(production planning), SD(sales and distributions), HR(human resources management).
2.2.1 FICO
Specifically, FICO