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What SAP Modules Are The Best For Your Career?

What SAP Modules Are The Best For Your Career?

Imagine running a business where day-to-day operations go smoothly. You don’t have to worry about constant data issues or accounting mistakes.

While those things may happen, using the best SAP modules can help. It doesn’t matter if you run a company or have a lower-level position; you should learn SAP.

Keep reading to learn about the best SAP modules for your career.

Business Intelligence

One of the best SAP modules is the Business Intelligence (BI) module. It covers analytical solutions and database management.

With data management, you’ll be able to transform data and store it, extract data, and give data access to specific users.

You can use the data warehousing service to collect and manage data in one place. The data management system also includes cybersecurity tools. You’ll also get an enterprise information management tool.

On the analytical side of things, you will learn to use the SAP Analytics Cloud to access analytics from anywhere. The system also lets you use machine learning to predict analytics.

You’ll also get access to collaborative enterprise planning, which functions as a corporate planner. If you own a business, you can give different departments access to the function.

Even if you work for an existing company, you should consider training to learn the SAP modules on BI. Anyone working in business should know the basics of analytics and data management.

Financial Accounting

If you working in accounting, one of the best SAP modules for your career is the one on Financial Accounting (FI). It covers recording transactions and inventory or services.

The FI module covers accounting focuses on external accounting. You can use it to work with balance sheets and fill out profit and loss statements.

When working with FI, anything you post to sub-ledger accounts will have a matching general ledger. You should record business transactions with an unbroken audit trail.

The records also should be available immediately after entering it. Then, everyone in the organization can access the data. With that, you and your company will be able to make the proper financial decisions.

Controlling

Anyone who goes through the FI module should also utilize Controlling (CO). This module focuses on internal accounting, and you can use it throughout your financial career.

You can use the module to learn about cost centre accounting, which covers business costs. You can delegate cost centres to department managers to streamline the process.

Activity-based costing can amplify cost center accounting by focusing on the use and function of the cost centres. You can also use the CO module for internal costs, including services, tasks and jobs.

There’s also a cost element accounting portion where you can compare business costs and revenue. All of this can help you determine how profitable the company is.

Once you configure the CO module, you can pair it with FI to take care of your accounting needs. Whether you work in accounting or are a business executive, you can use the two financial modules to better track company expenses and income.

Human Capital Management

If the FI and CO SAP modules are the modules of accounting, Human Capital Management (HCM) is the module of HR. You may sometimes hear the module under the name Human Resource Management System or Human Resources.

Either way, HCM helps you keep track of the humans in an organization. If you work in the HR department, you should use this model to improve your operations.

The HCM SAP functionality covers almost anything you do in HR. You can use it for tracking payroll, recording employee information and managing time.

It has an organizational management sub-module, which lets you track open jobs, and you can use it to report company relationships. If your company frequently sends employees on work trips, the travel management system will also be useful.

Whether you own a small business or work for a massive corporation, HCM is one of the best SAP modules for your career and managing your team.

Supply Chain Management

Supply Chain Management (SCM) is one of the first SAP ERP modules you should implement. It can help you track and process data throughout your supply chain.

While the software is best for large manufacturing firms, you can use it no matter what business or industry you’re in. SAP functionality can help any company keep track of inventory and other materials that go through your supply chain.

You can use it to optimize your inventory to help with shipping. Then, you can reduce operating costs while shipping to customers quickly and efficiently.

If you want other SAP modules to supplement SCM, consider Supplier Relationship Management or Product Lifestyle Management. You can use these SAP functional modules to improve the experience for your team and your customers.

High-Performance Analytical Appliance

Of all the SAP modules, High-Performance Analytical Appliance (S/4HANA) is one of the most important. It is an in-memory version of the SAP software, and it has some fantastic uses.

You can use it to solve complicated problems, and it can manage large amounts of data. No matter what project you have, S/4HANA can help make things easier.

Implementing the module is cheaper than using other data models, and it’s more user-friendly. If you need someone else to use the system, you won’t have to train them to use it.

By simplifying the process, you can make sure that you and your team can complete the project well. You won’t have to spend time fiddling with complex programs, so you can focus on the project itself.

If you’re only going to utilize one of the SAP modules, let it be S/4HANA. It shouldn’t take long to learn, and you can add more SAP functionality later.

Selecting the Best SAP Modules

The best SAP modules for your career can depend on a few things. Your specific role at work can help you decide which to start with and which ones you can ignore.

However, all of the popular SAP modules serve some purpose to the business. Whether you own a company or work as a manager, consider multiple modules to help make your work more efficient.

Are you ready to learn to use some of the SAP modules? Contact us to get started today.

28th July 2020

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