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Anybody here know what the acronym SAP stands for?
This is some type of financial consulting or related software for it. Fairly new and there is information but can't find what S A P stand for. Help will be appreciated.
4 Answers
- 1 decade agoFavorite Answer
Systems Applications and Products. It is the name for both the online financial and administrative software and for the company that developed it. SAP is the system of record at MIT.
SAP is made up of individual, integrated software modules that perform various organizational system tasks. MIT has customized and implemented the following SAP modules: Finance/Accounting (FI), Controlling (CO), Project System (PS), Funds Management (FM), Materials Management (MM), and Sales Distribution (SD).
- Anonymous5 years ago
SAP - Statutory Accounting Principles Preparation of an Insurance firm's financial statements. (In accordance with the regulations of the National Association of Insurance Commissioners)
