ERP Companies: Overview, Pros, and Cons

SAP is the world's leading provider of business software solutions, and is the third-largest independent software vendor in the world with more than 64,500 installations in 120 countries. More than 20,000 companies are using SAP solutions. In 2002 SAP had around $7.8 billion in sales. It was founded in 1972 by five former IBM employees; Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther. Their vision was to develop standard application software for real-time business processing. …