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Every year many companies spend lots of money on different kinds of software known as ERP. But, talking about the smaller companies, they don’t have a satisfactory budget to purchase an ERP system. If you don’t know about ERP, then we must tell you that the companies use ERP for storing the core operational data. Here, the data is related to sales projections, inventory, and purchase orders. That’s why; ERP denotes the ‘brain’ of a company required for taking actions to maintain data-driven workflows.
The birth of SAP
It was 1972 when five engineers left their jobs at IBM for pursuing a software contract with a chemical firm named ICI. They together created SAP, considering it like other software. SAP has successfully embedded in customers’ offices and developing on its customers’ computer meant for writing logistics management software. At the start, they don’t have any idea that SAP has a great future ahead and bring lots of revenue to the companies.
Presently, SAP is known to be a multinational software corporation that is a market leader in the ERP field.
Do you know the original name of SAP?
Well, it is exciting to know that it was previously known as Systeme, Anwendungen und Produkte in der Dataverarbeeitung. After its translation, now it is known as Systems, Applications, and Products in Data Processing. The company is currently serving more than 180 countries, and it contributes about 77% of money exchanged through global business transactions.
Does your interest in learning SAP has increased? If yes, then do join the SAP course in Pune offered by 3RI Technologies.
What do you understand by SAP?
SAP is known as Systems Applications and Products in Data Processing. It generally comprises of numerous fully integrated modules that usually covers a virtually different aspect of business management. Most of the business processes completed using SAP are Operations, Financials, Human Capital Management, and Corporate Services. There are numerous modules and phases include in SAP.
Stage 1 – Project Preparation
Stage 2 – Business Blueprint
Stage 3 – Realization
Stage 4 – Final preparation
Stage 5 – Go-Live Support
Types of SAP
SAP FICO is present as a module required for financial reporting, both internally and externally. The prime motive of this module is to record all kinds of business transactions, which are generally posted by an entity and generating financial statements with accuracy. Note that SAP FI has several sub-modules, which often means for accounts receivables, asset accounting, accounts payables, bank accounting, and general ledger accounting. Nowadays, the SAP FICO course in Pune is also available that make students learn about it.
You will find that submodules are integrated and interlinked in real-time. Let’s discuss some of the uses of SAP FICO.
General ledger accounting checks the reporting. In SAP, there is a set of public ledger accounts known as a chart of accounts needed by companies. Some of the reports convey for preparing financial statements. The transactions generally record in sub-modules that reconcile using general ledgers. These transactions include typically journal vouchers that attach to adjust or correct deals if required. You don’t have to worry as reversals completed using public ledger accounting.
Well, the accounts receivables are the kind of submodules needed for capturing all transactions with customers and managing customer accounts. It is easy to maintain the separate customer accounts with them and also the deals done in customer accounts; the reconciliation accounts automatically update the figures. Generally, the purchase here we are talking about includes credit memo posting, invoice posting, invoice payment, down payments, dunning, and executing customer reports.
Another sub-module in the list is account payables used for capturing transactions with vendors and further managing their accounts. In this also, whenever purchases put together in vendors’ accounts, the reconciliation accounts present in general ledger get updated showing real-time figures. Here, we are talking about the transactions related to credit memo, invoice posting, down payments, automatic payment program, invoice payment, and executing vendor reports.
Asset accounting uses for managing different transactions mainly related to assets for an entity. The deals here we are talking include asset retirement, asset acquisition, asset sale, asset revaluation, asset transfer, and asset depreciation.
As the name implies, bank accounting applies to capture transactions with banks. Reconciliation ready to reconcile the deals and records on bank statements as compared to sales feed in the system.
The best thing about SAB FICO is that financial statements can easily be extracted from a system whenever required.
That’s the reason; people are opting for SAP FICO training in Pune by seeing its popularity.
2. SAP ABAP
SAP ABAP is known to be a high-level programming language that is required by most of the companies for customizing SAP ERP. It uses for customizing the workflows related to materials management, financial accounting, asset management, and other SAP modules. NetWeaver, a recently added development platform, is also supporting ABAP and Java.
There are numerous reasons that one should use SAP ABAP (Advanced Business Application Programming). Let’s start discussing a few of them.
ABAP is present as a fourth-generation language that is developed in 1980 and become a language for developing a program for client-server. In 1999, ABAP objects were introduced by SAP as an object-oriented extension. The 7.0 version of ABAP first introduced in 2006 and the latest 7.52 in 2017.
Generally, ABAP programs get stored in the SAP database and never stored in external files such as C++ and Java programs.
Talking about ABAP workbench
ABAP Workbench considers being an essential part of the SAP ABAP system. It comprises of different tools, which requires editing programs. SAP use ABAP for the development of standard custom applications. Hence, ABAP workbench conveys for creating dictionary objects. You can think about taking SAP ABAP training in Pune from 3RI Technologies.
There are some ABAP components on which workbench depends.
It is required to maintain different programs.
It means for displaying a hierarchical structure of various components.
This component is necessary for maintaining the screen components needed for online programs.
It is present as a component useful for maintaining and creating function groups and modules.
Well, it is an essential component required for sustainable development projects, which are managed by developers for distribution purposes.
ABAP Dictionary widely uses for maintaining the dictionary objects.
As the name implies, the menu painter means for developing GUI like menu bars and toolbars.
It requires storing information regarding the development and runtime objects.
It is an excellent tool for supporting graphical modeling.
3. SAP MM
SAP MM plays an integral part of SAP ERP required for offering companies with inventory, materials, and warehouse management capabilities. In short, SAP Material Management uses for managing purchases and transactional data. The objective of SAP MM is to make sure that the materials are always available in proper quantities, and there is no shortage of any gap in the supply chain. Thus, supply chain professionals and SAP users find it beneficial to complete the purchase of goods in time and make a cost-effective deal.
SAP MM has become an essential part of the logistic function of any organization, from procurement to delivery of products. Therefore, you can also think about making a career ahead in SAP MM with SAP MM training in Pune.
Noted features of SAP MM
There are certain features of SAP MM that considers while using it.
Is it advantageous to use SAP MM?
If you want to know the answer, then it is absolutely yes. As said earlier, SAP MM is best for minimizing the cost of operations. Moreover, it is also useful for reducing the inventory losses occurred by removing the unnecessary material.
What are the types of Procurement in SAP MM?
Fundamentally, there are two types of procurements that are done by SAP MM.
Essential acquisition defines as a process, which includes buying the right services and materials in apt quantity at the possible lowest price and the right time. There are different lifecycles involve in essential procurement; let’s have a look at them.
The process generally initiated with gathering information regarding product ad its quantity. After this, it found on the required products, services, and suppliers must contacts.
It is based on suppliers, requirements that contact, and requested for accomplishing the need.
In this lifecycle, the products and services evaluate as per the performance. Thus, it further decided to do further orders or not from the same supplier, or else a new supplier should contact.
SAP MM is beneficial, and one should opt for SAP classes in Pune to make a bright future ahead.
4. SAP SD
SAP Sales and Distribution (SD) counts amongst relevant modules that comprise different business processes prerequisites in shipping, billing, and selling of products done in an organization. In simple language, SAP SD is a module widely used for managing the customer relationship, which starts from raising a quotation to completing sales order and billing of products.
It is present as ERP software that helps organizations to integrate different business procedures via a single unified system. SAP has come a long way as initially it was introduced for concentrating on inventory management. Now, it uses for enhancing the process of different departments. Generally, SAP SD works in close collaboration with other SAP modules for the effective working of an organization. The additional modules with which it operates are –
SAP SD introduces to simplify numerous business procedures like sales orders, pricing, billing, deliveries, credit management, customer master, and material master data.
Next, we are discussing the characteristics linked with SAP SD.
What are the key components included in SAP SD?
No doubt, SAP SD is designed for helping in better management of sales and customer distribution data. You must know that there are specific components of it that defines SAP SD in a better manner.
This module requires for tracking every transaction within the data. SAP SD MD usually comprises of the customer as well as material data and credit management. It includes methods of cash and order.
Functions of Master Data
As the name suggests, SAP SD sales are needed to handle every minute detail of the transaction. It starts by recording the product and end at entering customers’ details, feedback, pricing, everything marked using this module.
Functions of SAP SD SLS
Billing contemplates as an integral part of the distribution and sales process. Nowadays, customers give an option to make the payment via online mode or using cash on delivery. Thus, billing modules are useful in appropriately tracking the billing data.
Functions of the billing module
Whenever we talk about sales, shipping, and delivery emphasizes. Therefore, it requires that products should be shipped correctly and delivered well to the customers. There are different kinds of shipping methods, and this module needs for tracking each delivery of products.
Functions of the shipping module
The transportation module works in collaboration with the shipping module. It clears that or each product; companies use a different mode of transportations and useful for tracking transportation-related data. This module is quite flexible and very simple to use, which enables the users to collect and utilize data from distribution and sales processing.
Customers generally remain in contact with the sales team to keep a check on selling products to maintaining them. Hence, data that exchanges between customers and the sales team related to delivering support are recorded and reported. Moreover, sales support is required to support the staff that is involved in the development of business and customer service.
Functions of sales support