SAP acronym stands for Systems, Applications and Products in Data Processing.
SAP AG is a company name in Germany that provides ERP solution for a wide range of industries, SAP ERP is an integrated system that consists of modules based on business areas such as FICO (Finance And Controlling), Sales, Material Management, etc. These SAP Modules are fully integrated and share common data.
The latest version of SAP ERP is called SAP ECC 6.0.
Below is a picture of SAP integration model.
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