SAP offers an ERP (enterprise resource planning) application that has a wide number of business modules such as procurement, accounts payable, finance, and maintenance management and inventory control. The ERP application is a corporate system that is fed transactional data from peripheral systems to do such things as pay vendors and maintain the balance sheet.
Single source of truth (SSOT) refers to the practice of structuring information models and associated data schema such that every data element is stored exactly once. Linkages to this data element are by reference only. Because all other locations of the data just reference back to the primary “source of truth” location. Any updates to the data element in the primary location propagate to the entire system without the possibility of a duplicate value somewhere being forgotten.
Smart Completions is a software application from Intergraph used to ensure an asset’s systems integrity at handover to operations. The application can consolidate asset information and verify installation, testing, and performance of all equipment, instruments, piping and control system I/O points.