SAP (Systems Solutions and Products) is the world’s largest vendor of Corporate Resource Planning (ERP) software and related enterprise applications. The ERP system of a firm allows its clients to operate their business operations, such as accounting, sales, production, human resources, and finance, in a unified environment. SAP’s tight integration allows quick and seamless information flow between different SAP components and aids in the implementation of financial and regulatory controls.
There are actually two (2) types of SAP software or also called SAP modules which are Functional Modules and Technical Modules. Both modules focus on different things which means in a company, you will need these two modules to develop better functionality and solutions for a business.
1. SAP Financial Accounting (FI)
The Financial Accounting module provides access to an enterprise’s real-time financial status in the market. SAP FI improves work performance by integrating with other SAP modules. They manage financial transactions inside businesses. This financial accounting module enables workers to handle data associated with any financial and business activities in a centralized system. This module performs admirably in terms of reporting needs. The good thing is, it works in various economic situations. Yes, it applies to all.
2. SAP Materials Management (MM)
SAP MM handles materials that are demanded, processed, and generated in businesses This system manages many sorts of purchase procedures. Vendor master data, consumption-based planning, purchasing, inventory management, invoice verification, and so on are some of the prominent sub-components of the SAP MM module. The training material is intended for developers and covers the majority of the subjects that an SAP S/4HANA conversion Malaysia developer should be familiar with.
3. SAP Controlling (CO)
The controlling module provides cost planning, tracking, performance, and reporting. It aids in the process of planning, reporting, and monitoring company activities. It entails techniques for viewing and organizing expenses necessary for financial reporting. Controlling comprises managing and establishing master data, which includes cost elements, cost centres, investment centre, internal orders, and functional areas, among other things.
4. SAP Sales and Distribution (SD)
Inventory control and management are substantially aided by the sales and distribution module. Master data, system setup, and transactions are all part of the SAP SD module. SAP SD modules manage all transactions, including enquiries, proposals, quotes, pricing, and more.
5. SAP Human Capital Management (HCM)
SAP HSM improves the work process and data management inside an enterprise’s HR department This module handles everything from recruiting a worker to evaluating one’s performance, managing promotions, compensations, processing payroll, and other HR-related operations.
These are some of the benefits of using these SAP Modules for your business:
1. Improved Reporting and Planning — By implementing an SAP suite throughout departments, your organization will have a single, unified review system for all processes that can provide valuable reports and insights at any time.
2. Improved Efficiency – In addition to lowering IT and training expenses, an SAP may minimize the time and effort required by your employees to carry out their everyday tasks.
3. Total Visibility – SAP gives you and your senior management complete visibility into every critical process in your organization by making data from every department easily accessible to you and your team.