What is SAP: Its Significant Modules?

SAP is an ERP software that offers various modules to handle different business operations. It is a highly popular software tool that has a customer base exceeding 4,00,000. Using this ERP tool helps boost the company's productivity and improve data accuracy. Furthermore, this tool helps improve the decision-making process of a business and improves its operational; efficiency.

Significant Modules of SAP

SAP consists of more than 25 modules and each one of them manages different business functions. However, a few of them are highly popular and used in many companies all over the world. Many institutes provide SAP Training in Delhi and one can enroll in them to start a career in it. Below are some of the top-rated and highest-paying modules of SAP.

SAP Financial Accounting

SAP FI is useful for managing the financial data of an organization. This module of SAP is useful for storing the financial data of an organization. Using SAP FI ensures that a business can analyze its financial conditions in the market. Below are the sub-modules of SAP FI.

• General Ledger.
• Accounts Payable.
• Accounts Receivable.
• Bank Accounting.
• Asset Accounting.
• Funds Management.
• Travel Management.

SAP Controlling

It is a very popular module of SAP that manages coordination, monitoring, and optimization. In addition, this module is beneficial for planning and determining variances. Using SAP controlling controls allows a company to manage your business flows in your organization.

• Cost Center Accounting
• Overhead Orders and Projects
• Activity Based Costing
• Product Cost Accounting
• Profitability Analysis

SAP Materials Management

SAP MM manages everything related to materials and inventory in an organization. Furthermore, this module covers everything that's included in the supply chain, consumption-based planning, vendor evaluation, and invoice verification. Below are some of the significant sub-modules of SAP MM.

• Consumption-Based Planning
• Purchasing
• External Services Management
• Inventory Management
• Logistics Invoice Verification

SAP Quality Management

This module manages the quality control process in an organization. Furthermore, this module is ideal for inspecting the materials along with their monitoring. To learn more about it, one can visit SAP Course Online. Below are some sub-modules of SAP QM.

• Quality Planning
• Quality Assurance
• Quality Control
• Standard Reports
• SAP QM

SAP Sales and Distribution

This significant SAP module is useful for managing the data related to customers. In addition, this module manages the shipping, billing, selling, and transportation of products. This module deals with all the details that are included in the order-to-cash business process. It consists of a few key components which are as follows;

• Customer and Vendor Master Data
• Sales Support
• Shipping of Material
• Sales Activities
• Billing-related
• Transportation of products
• Credit Management
• Contract Handling and Management
• Foreign Trade
• Information System

SAP Production Planning

This SAP module comes in handy to track & record the manufacturing process flows. Furthermore, its primary goal is to create schedules for finished products. This module deals with all the processes related to the production of a product such as material requirements, capacity planning, and many more. It consists of 5 components which are as follows:

• Production Planning
• Demand Management
• Long-Term Planning
• Material Forecast
• Master Production Scheduling

Also, Read This: Career Opportunities After SAP Certification

SAP Human Capital Management

This is a very important and popular module of SAP useful for managing HR-related activities in a company. Using this module provides a business with various strategic and innovative solutions for HR functions. It consists of a few sub-modules or components which are given below.

• Personnel Administration
• Personnel Time Management
• Payroll Accounting
• Organizational Management
• Personnel development
• Training and Event Management
• Recruitment

Conclusion

SAP ERP offers various modules to handle different business operations. It consists of more than 25 modules and each one of them manages different business functions. It consists of more than 25 modules and each one of them is useful for handling different business functions. Learning SAP is highly beneficial for a career as many companies use it and look towards hiring professionals in it.