In: Accounting
write between 500 to 1000 word assignment relates to S.A.P on the of the following topic
(Write the difference between Sage and SAP accounting software)
Definition of these softwares
Sage accounting software has industry standard owing to the way it simplifies and facilitates a very diverse range of accounting tasks, allowing accountants and bookkeepers to work faster and more accurately. Sage software can be used for everything from the simplest jobs to managing complex financial systems.
Just like that sap =SAP provides “future-proof Cloud ERP solutions that will power the next generation of business.” With its advanced capabilities, SAP can boost your organization's efficiency and productivity by automating repetitive tasks, making better use of your time, money and resources.
Difference between Sage and SAP accounting software=
On the basis target market=in sap Growing small & mid-size businesses with accounting along w ith business management nee ds.and in sage =Small businesses with limited u Budget and basic accounting requirements.
On the basis of Prestige =
Sap=70% of the world economy transactions run on an SAP system.
Sage=Ireland and the UK’s most popular basic accounting software.
On the basis of Software Type=in sap Standalone, On Premise, Cloud. And in sage Standalone, Cloud.
On the basis of Features=in sap 19 features for business
management.and in sage =7 features for accounting.
On the basis of Multi-Currency Support = in sap It supports exchange rate changes for specified period or p Per transaction. Value of foreign creditors and debtors can be changed. And in sage=Only one exchange rate can be set per currency. It’s not possible to alter the value of foreign debtors or creditors.
On the basis of manufacturing management =SAP ERP scores marginally higher than Sage Business Cloud Enterprise Managemen
On the basis of inventory management
SAP ERP has a noticeable upper hand compared to Sage Business Cloud Enterprise Management.
On the basis of Purchasing Management
In terms of Purchasing Management, both suites provide comparable characteristics.
On the basis of Quality Management
SAP ERP marginally outranks Sage Business Cloud Enterprise Management in this module. Here, SAP ERP excels in terms of built-in characteristics and functions related to Quality Management.
Onthe basis of Sales Management
When looking at the Sales Management module, SAP ERP marginally dominates Sage Business Cloud Enterprise Management.
On the basis of Product Technology
SAP ERP scores robustly higher than Sage Business Cloud Enterprise Management in this domain. Here, SAP ERP leads in terms of characteristics and functions supported natively.
On the basis of Financials
The comparison revealed that SAP ERP noticeably dominates Sage Business Cloud Enterprise Management in terms of characteristics related to Financials. In this domain, SAP ERP excels in functionalities that are provided innately.
On the basis of Human Resources
When looking at the Human Resources functionalities offered by the two software, we can discern that SAP ERP has a noticeable advantage compared to Sage Business Cloud Enterprise Management.
On the basis of stock control =in sap Stock can be controlled in multiple warehouses for multiple locations. It gives the ability to restrict which warehouse should hold which stock items. And in sage Stock cannot be controlled location-wise.
ON THE BASIS OF THE MRP=in sap It has integrated MRP module that predicts demand of materials based on the existing stock and sales orders. Parameters can also be adjusted considering what-if scenarios.in sage there is Not offered.