ERP

Everything you need to know about SAP

What is SAP?

SAP refers to Systems, Applications, and Products in Data Processing.SAP is a world-wide technology and market leading in client and server enterprise application software, providing solutions for companies of all sizes and industry sectors. Originally discovered in Germany, SAP is now found in over 130 countries across the globe.

What is SAP Business One?

SAP Business One is an affordable, integrated Enterprise resource management (ERP) solution designed to enable growing small to midsized enterprises (SMEs) and large enterprises with subsidiary operations to better manage their entire company. SAP Business One provides a simple solution that streamlines business processes, provides real-time information, and helps boost overall business performance. (more…)

SAP Human Resource Module

SAP Human Capital Management (HCM) is also called SAP-HR. SAP HCM consists of important sub-modules such as Personnel Administration (PA), Organizational Management (OM), Time, Payroll which will be discussed in detail.

The objective of the Human Resources component is to enable companies to process employee-related data according to the needs of the company in an efficient structure. The Human Resources module uses a grouped data system called infotype.

Info-type reflects a quantity of connected data records; Types of information can be identified by a four-character numeric string and a complete list is included. You can record the infotype as a function of time to allow for retroactive evaluation of employee data. The infotype appears as an input screen for the user, where you can keep the infotype records. The infotype can be processed individually or in fast entry mode. (more…)

SAP Material Management Module

The Materials Management module in SAP consists of several components and subcomponents. The most used are the master data, purchases and inventory. All of these components have their essential subcomponents in specific business processes, and all of these processes are executed using transactions. Transactions involve the processing of certain information to complement the requirements of the business process. For example, if you bought 10 pieces of buckets, you can perform a particular transaction code that will reflect those changes in SAP. Most business processes involve multiple SAP transactions to be accomplished and distributed across one or more modules.

Various sub-modules in SAP MM are

Data stored in SAP R/3 is categorized as

  1. Master Data:

The master data is used as the basis for any transaction. If you produce, transfer inventory, sell, buy, and make a physical inventory, whatever your activity, certain basic data must be retained.

Example of basic data

  1. Hardware Master Data
  2. Customer Master Data
  3. Supplier Master Data
  4. Basic price / conditions data
  5. Warehouse management data (capital storage data)

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SAP Human Capital Management

SAP HCM is one of the main modules of SAP which plays an important role in the creation of an organized management in companies. SAP HCM consultants are among the most requested professionals in the global market. It is advisable to have an overview of the basics of SAP, SAP Net Weaver and SAP solution manager before starting with the SAP HCM module. Applicants must meet certain eligibility criteria to be eligible for the Optional SAP HCM Exam. The eligibility criteria are determined according to the education policies of SAP AG and vary from one continent to another. In general, candidates must have a year or two of experience in the SAP HCM module before attempting the exam. Let’s look at the SAP Human Capital Management (HCM) module.

HCM is one of the most important processes in organizations across industries. The general idea about HR is only about recruitment. But HR is far more than just recruitment. In an organization, HR not only engages employees but separates employees based on a variety of factors such as department level, payment days, payment details, designations and more. In addition, other work such as promotions, employee engagement and team motivation are supported by HR. This work may seem very simple; However, solving these problems for the people of an entire organization is not at all an easy job. To streamline all these HR processes, SAP ERP operations are widely used. SAP HCM ERP is one of the most flexible software for HR processes widely used in all industries. (more…)

SAP Sales and Distribution Module

SAP

SAP develops enterprise software for large and small businesses. There are 3 components to the SAP strategy.

  1. Applications
  2. Platforms
  3. Corporate Network

Applications are the commonly known ERP for which SAP is known, but it also refers to analysis, crm, hr, etc.

Platform refers to the database in memory called HANA. People can create applications on top of the HANA on-site and on the cloud. In hybrid scenarios, the HANA platform is also used to connect on pre-deployments with cloud applications. Business networks are the future of enterprise computing where buyers, suppliers, workers, large data and assets will be connected in real time. All it will take is a click of a button. (more…)

RISING TRENDS IN ERP

The technological giant ERP of yesteryear are going the way of the dinosaur, and the future looks promising with a growing number of enterprise system changes. Here are seven major developments that you might be interested in:

 

1. ERP decisions getting tougher with growing choices.

With growing developments in the ERP and technological advancements, specialized ERP systems comes into play. Companies find it difficult to choose the appropriate and relevant ERP software for the same.  Other than integrating specialized products into their own business operations, some are building out their own cloud-based specialized solutions (more…)

Career opportunities in Enterprise Resource Management

In order to get on an enterprise resource planning (ERP) career path, you need skills in an ERP software package — not necessarily in a particular technology like networking or programming.

If you’re interested in pursuing a career in ERP, or if your company has just implemented an ERP system, you definitely want to seek out formal training.

Business enterprise training in ERP systems can be applied across a broad range of industries, offering diverse career opportunities and flexibility, and also applies to specific careers and titles, including:

  • Director of ERP Development
  • ERP Application Analyst
  • SAP Team Lead
  • Director of SAP Business Analysis
  • ERP Consultant
  • ERP Operations Director
  • ERP Trainer
  • ERP Training Manager
  • SAP Project Manager
  • Senior Director of ERP Implementation

ERP is applicable and in high-demand across a multitude industries. Here are just a few of the coordinated SAP solutions by industry your ERP specialization prepares you to work within:

· Aerospace and Defense

· Banking

· Consumer Products

· Oil and Gas

· Sports and Entertainment

· Retail

· Telecommunications

· Consumer Products

· High Tech

· Public Sector

Let’s explore a few of the potential career paths in the growing field of enterprise resource planning:

ERP Business Analyst

ERP business analysts must have a strong grasp of how potential ERP solutions converge with business needs and goals. Typically,these professionals assist with implementing and maintaining ERP systems, with responsibility for business systems analysis, workflow analysis and technical communications.

ERP Technical/Functional Analyst

An ERP technical/functional analyst may act as a liaison between technical support staff and end users, including through providing expertise and guidance relating to ERP systems.

ERP Technical Developer

ERP technical developers may have responsibility for recognizing and evaluating potential problems within ERP systems, and developing and implementing appropriate responses to resolve those issues. They may also be tasked with upgrading enterprise resource planning systems in conjunction with evolving business needs and organizational processes.

ERP course is designed for educating a professional who is already working or even aspiring for a good career in a field that makes use of ERP products for showing good performance.And for a competent ERP professional, securing good position and high remuneration is not a difficult thing to achieve.

SAP

SAP Financial Accounting Module

INTRODUCTION:

SAP stands for Systems, Applications, Products in data processing. SAP is the fourth largest enterprise software company in the world. It helps companies to solve obstacles and bring innovation and growth within them. SAP has a solution for finance accounting by providing services such as cloud solutions support FP&A, financial close processes, financial operations, treasury and risk management and many more…

The different software’s under financial accounting are:

  • Financial Planning and Analysis.
  • Accounting and Financial close.
  • Treasury and Risk Management.
  • Financial Operations.
  • Enterprise Risk and Compliance Management.

The financial accounting management consist of:

  • General Ledger Accounting
  • Accounts Receivable
  • Accounts Payable
  • Asset Accounting
  • Bank Accounting

And it is integrated with:

  • Controlling
  • Logistics
  • Project System and Investment Management.

USES:

  • Enable detailed accounting for multiple financial reporting standards, industries, currencies, and languages
  • Record and valuate business activities automatically from various applications and systems.
  • Provide an only source of truth for general ledger and sub-ledger applications and real-time integration to logistics with a full audit trail
  • Enable financial reporting and real-time, self-service analytics directly from highly granular operational data.
  • Drive efficiency, close books fast at less cost, and make smarter decisions faster
  • Ensure controls and auditability throughout the process

 Read This:ERP-WHAT IS ENTERPRISE RESOURCE PLANNING?

CONCLUSION:

To conclude the topic financial accounting management is a tool that enables a company to prevent complexity and problems. They also help to track the progress of not just one but all the modules.

Enterprise Resource Planning

Master of Enterprise Resource Planning (ERP) Management

Enterprise Resource Planning (ERP) management  is a course that helps student learn about SAP ERP business processes across Financial Accounting, Human Resources, Materials Management, Sales & Distribution and helps to learn how to design, configure and perform business transactions related to these modules on SAP ERP system.

ERP uses integrated applications to manage important operations, to support all functions conducted in the organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain.

Learn more about Enterprise Resource Planning: ERP-What is enterprise resource planning?

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ERP

ERP-What Is Enterprise Resource Planning?

ERP is the IT backbone of any company and keeps the organisation running efficiently. Enterprise resource planning supports and integrates all functions conducted in an organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain. This enables the departments of the organization to be connected. ERP application is used by both large businesses and small businesses.

ERP implementations are typically complex because they have to ensure that all the business processes are in harmony and that all the people interacting with the software are properly trained to handle the software. When successfully implemented the ERP system provides valuable data to senior management for better decision making in addition to making book keeping and tracking more efficient.

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