SME
SME stands for small and medium-sized enterprise and refers to a business that, compared with a large corporation, has a smaller workforce and lower turnover or balance sheet totals. The term is used to classify requirements for organisation, finance and IT landscapes and to select solutions according to company size. In the context of an ERP system, identifying a business as an SME helps to plan the scope and priorities of digitalisation appropriately, such as when selecting modules and processes.