Global enterprise software giant SAP SE (NYSE: SAP) has been scratching at all-time highs as its business gets lifted by artificial intelligence (AI) tailwinds. SAP is an acronym for Systems, Applications, and Products in Data Processing. The company provides cloud-based business software through its flagship enterprise resource planning (ERP) product.
This package integrates a comprehensive and synergistic range of business software, including accounting, human capital management (HCM), customer relationship management (CRM), project management, and procurement functions onto a single unified platform. The company custom tailors its software to meet the needs of each specific industry with AI and machine learning capabilities into their core applications.
