SAP (NYSE:SAP) is a German enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM employees, SAP develops technology that helps organizations manage finance, procurement, supply chains, human resources, customer relationships and other core business operations.
The company’s principal offerings include SAP S/4HANA Cloud enterprise resource planning software, the SAP Business Technology Platform, and cloud applications such as SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Concur for travel and expense management, and SAP Customer Experience solutions. SAP also provides database, analytics, artificial intelligence, integration and business-process management technologies.
SAP serves businesses, government organizations and other institutions across industries and operates in markets throughout Europe, North America, Asia-Pacific, Latin America, the Middle East and Africa. The company’s software is delivered through a combination of cloud-based subscriptions, on-premises deployments and related consulting, implementation and support services. Christian Klein serves as SAP’s chief executive officer.
