SAP ERP Modules is helpful for those industries that want to manage databases of different processes with a single unified system. Initially, the ERP system was specially made for inventory control. Over the years, various types of software were developed to manage the processes of different organizations. This software was required to manage the data and workflow in a better manner. In today’s era, ERP systems are provided by several leading markets. But SAP is considered a leader of software in the market and technology. It plays a significant role in building business software to manage the data and work in organizations. Originally SAP AG was a German multinational software company. It mainly deals with the development of software for improving management and customer relationships.
The foundation of Systems Analysis and Program Development (SAP) was made in June 1972. Since then, many SAP ERP operations modules are designed to focus on the different processes. For instance, SAP ERP sales and service, sales and distribution, relationship with the customer, management of financial processes, and more.
Here, we are going to discuss how many types of modules in SAP are available. Let’s take a look at SAP modules and functions:
SAP ERP modules list
SAP Financial Accounting (FI)
SAP FI as the name describes the functions of this module. The FI module allows management of the financial transactions for enterprises. This module is helpful for employees to manage the data for financial and business transactions in a unified manner. This financial accounting module is capable of fulfilling the requirements of reporting. The SAP FI module can access and deal with any type of economic situation. Even the flexibility and functionality of this module are up to date.
SAP implementation is not only helpful in small businesses but also to manage large organizations. The financial module can handle the data for business transactions and legal requirements of several different enterprises. The financial accounting module can help an enterprise to reach its desired destination in the market. SAP FI creates a combination with other SAP modules including SAP SD, SAP MM, SAP PP, and many others for better operational results.
SAP Controlling (CO)
SAP CO module is also one of the important SAP modules that are designed for enterprises. The controlling module runs the operations of several businesses related to planning, reporting, and monitoring. The methods of view and organized cost are also included in controlling which are essential for financial matters.
The controlling module supports the process of planning, tracking, and making reports about costs. Controlling is responsible for managing and configuring the master data. This master data includes cost elements, cost centers, profit centers, orders, operational areas, and many others.
SAP Sales and Distribution (SD)
SAP SD modules involve the management of all transactions including inquiries, quotations, pricing, and so on. The sales and distribution module is beneficial to control the inventory and management. The SD module contains the master data including system configuration and transactions. SAP SD module also consists of sub-components such as sales support, shipping, billing, and transportation. It also provides the functionality of credit management, sales information, etc.
SAP Production Planning (PP)
SAP Production Planning module is another important SAP module that is specially designed for production planning and management. SAP PP module also involved the master data system, configuration, and transactions. These are specifically useful in the plan procedure for production. SAP PP module creates a bond with master data, sales and planning of operations, distribution resource, and material planning. Moreover, Kanban, product cost planning, and many others also collaborate during the operations of production management in industries.
SAP Materials Management (MM)
SAP MM modules deal with managing all material requirements, processes, and production in organizations. This system can manage several types of procurement processes. Some of the sub-components of the SAP MM module are purchasing, invoice verification, inventory control, vendor master data, and many more.
Read also: Top 6 ERP Software for Manufacturing Business
SAP Quality Management (QM)
SAP QM modules as the term suggest manage quality in the production of operations in an enterprise. This quality management module is the basic requirement of any organization to get a smooth workflow. It can provide acceleration to business in a structured and functional way. By this, they are also required to manage the quality in numerous processes. SAP QM module collaborates with procurement and sales notification and control. Besides this, it also collaborates in production, planning, inspection, audit management, and many others.
SAP Human Capital Management (HCM)
SAP HCM module increases the operational process and manages the data within the HR department of organizations. It plays a significant role to handle all the responsibilities of HR. HCM module manages the process of hiring an employee to the promotions, compensation, and all other activities of HR. SAP ERP HCM module can manage the task of details and the task flow of human resources.
SAP ERP System Benefits
SAP ERP is a comprehensive business software solution. It provides capabilities including financials, analytics, and HR, which allows you to manage your entire business in one system.
With SAP ERP, companies can track and manage their entire business from a single platform. This makes it easier to manage inventory, optimize resource allocation, improve decision-making, and increase profitability. SAP ERP also allows for more accurate data collection, which means the insights you need to improve your business are easier to find.
With the SAP ERP Modules, companies can track and manage their entire business from a single software system. These SAP modules make it easier to control inventory and optimize resource allocation. SAP also helps in the decision-making process and increases profitability. SAP ERP Module also helps to get accurate data which means improvement areas of your business are easy to find.
SAP modules are an important need of any enterprise to get efficient work. Some of the most prominent SAP functional module lists are mentioned above which provide specific software to fulfill the requirements of an enterprise. These SAP modules are helpful to decrease the workload and increase the growth of an enterprise.