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Why it is necessary to use SAP in an industry? & What is the
difference from other advance accounts software like Tally
ERP 9?
What is the importance of using GAAP for best management
decission or why GAAP using by Top Management?
Answer Posted / Yashvir Singh
SAP is a comprehensive enterprise resource planning (ERP) system used to manage business operations and customer relations. It's necessary because it provides real-time data, automates processes, and integrates various functions such as finance, HR, supply chain, and more. Unlike Tally ERP 9, which is primarily an accounting software, SAP has a broader scope and can handle a wide range of business operations. GAAP (Generally Accepted Accounting Principles) is important for best management decisions because it provides a standardized framework for financial reporting, ensuring consistency and transparency in financial statements.
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