SAP has evolved a long way since 1972. The latest SAP version HANA, released in 2016, has already gained reliability across all leading development companies.
HANA
specializes in running on both personal computers and cloud computing
platforms. It is suitable for students, small-scale developers as well as big
corporations.
Nonetheless, in this blog, we are supplying information on the highest-paying SAP modules that are in great demand in 2020. These modules will be a good source for the consultants to start their job.
Highest Paying Sap Modules
SAP is implemented by many companies across different industry verticals for their day-to-day business processes. Currently, SAP is the third largest Independent Software Supplier across the world with more than 12 million users across 180 countries, more than 1500+ partners, 25+ industry-specific solutions, and around 130,000 installations worldwide. (wiki)
Industries, where SAP is applied, are:
·
Automobile
·
Life science
·
Finance
·
Education
·
Telecommunications
·
Healthcare
·
Aeronautics
·
Pharmaceuticals
·
Multimedia
·
Oil and Gas
·
Education
· Defense and security
SAP ERP Modules
SAP ERP modules help organizations execute business processes like human resources, customer relations, financial accounting, production planning, and so on. SAP modules are classified into two categories, namely:
1.
Technical Modules
2.
Functional Modules
SAP
has a total of 25 modules. Although all 25 modules are not expanded in business
processes.
From
a consultant's perspective, proceeding with the selected list of modules will
open the door to more desirable job opportunities. For your privilege, here is
a list of 11 important highest paying SAP modules almost all companies utilize:
- Production
Planning (PP)
- Advanced
Business Application Management (ABAP)
- Business
Information Warehousing (BIW)
- Material
Management (MM)
- Customer
Relationship Management (CRM)
- Finance
& Control (FICO)
- Human
Resource (HR)
- Sales &
Distribution (SD)
- Exchange
Infrastructure (XI)
- Net
Viewer
- Basis
Top 7 Highest Paid Sap Modules List
With the number of licensed users executing SAP systems such as SAP HANA is growing, the requirement for SAP professionals has increased, whether it is for functional, or technical experts, or architects and developers.
1. SAP S4 HANA
This
is one of the most valuable additions of SAP in all of its 23 years. The SAP
S/4 HANA module is utilized for high-performance analytic appliance and is
recognized as the in-memory version of the Business Suite ERP platform.
It is the simplest to use related to the other modules. It is determined to solve more complicated problems and work on a huge amount of data, which wasn’t feasible by its previous versions. The requirement for SAP S/4 HANA consultants has increased by 7% since 2017.
2. SAP ECC FI (Financial Accounting)
SAP ECC FI deals in handling and controlling the financial transactions of a companies enterprise.
This SAP FI (Financial Accounting) Module helps employees to maintain data in a single central database for any transactions involving receivables, payables or other business transactions. It promotes proper reporting culture because of its versatile ability in adhering to global compliance requirements. It works extremely well in different types of economic situations and is perfect for reporting requirements.
For better work outcomes, you can integrate SAP FI with other modules such as SAP MM, SAP PP, SAP SD, and Payroll.
3. SAP HCM (Human Capital Management)
The SAP HCM module increases the data management and work processes of the HR department. Processes that are important in all HRD (Human Resource Department), such as hiring candidates, estimating performances, managing payroll, incentives, compensations, PF & gratuity, and other similar activities can be effortlessly processed using this SAP HCM.
4. SAP SCM (SAP Supply Chain Management)
One
of the toughest parts of a manufacturing and production company is to concede
the procurement and distribution processes from end to end. It is more
difficult to integrate into one track to ensure that wastages, leakages, and
misappropriations are minimized. Managing the demand and supply of products
could be made significantly easier with the help of SAP SCM.
The module expertly covers production planning, demand planning, and business forecasting. It also monitors and keeps a tab on processes such as product flow and information flow.
5. SAP BI (Business Intelligence)
SAPBI gives a new definition to raw data from different sources of an
organization. It stores and processes transactions for algorithms to apply the
logic that can extract appropriate information from raw data and makes it
beneficial for enterprises to make better decisions.
With the help of the ERP module, you can show the new data in the form of reports, including tables, charts, etc. Business decisions can be made on crucial and total analysis.
6. SAP MM (Material Management)
The
SAP Material Management module is part of the logistics area and governs the
procurement activities of any organization. It maintains all phases such as
planning, controlling, and implementing.
The module ensures there are no gaps in the supply chain process by speeding up procurement and material management activities and make enterprise operations smoother and cost-effective.
7. SAP NetWeaver
SAP NetWeaver is not a product by itself but is a unified technology platform where it makes access to SAP data possible using simple HTTP or even smartphones. The basic function of SAP NetWeaver is to connect people, processes, and information seamlessly.
Conclusion
Analyzing the ever-increasing requirement for SAP-driven solutions in several Indian and international companies these days, it makes much sense to go for an SAP training course to help fast-track your career growth.
With
the vast usability of SAP in many industry-specific domains, Best Online
Career the trusted and most reliable SAP training
center across the globe has come up with a wide range of SAP
certification courses for SAP professionals. Especially, if you are a
working professional, keen on promoting ahead in your career by upgrading your
SAP knowledge, but just aren’t able to manage the course timings with your work
schedule, Best Online Career brings you the convenience of availing
quality SAP Online Training on weekend as well as weekdays
batches. You can check out the complete portfolio of SAP courses, here. Avail
the exclusive opportunity by Best Online Career and make the next big career move
today!
Register Today for Free Online Demo Session !!
