SAP is the most powerful Enterprise Resource Planning System (ERP) currently. Systems Applications and Products in Data Processing or SAP comes with a range of distinctive software, which provide end to end business solutions by utilising a re-engineering software included within the system.
SAP has come a long way since 1972, when it was founded by IBM engineers Hopp, Tschira, Wellenreuther and Plattner. The latest SAP version HANA, released in 2016, has already gained credibility across all leading development companies.
HANA is specialised in running on both personal computers and cloud computing platforms. It is suitable for students, small scale developers as well as for big corporates.
However, on this blog we shall supply informational out the highest paying SAP modules that will be on great demand in 2018. These modules will be a good resource or backup for freelance SAP consultants to start their career or find job.
But first, know the basics….
Where Exactly SAP is Employed in Businesses?
SAP is so much in demand that it is implemented by many organizations across several industry verticals, for their day-to-day business operations. At present, SAP is the third largest Independent Supplier across the world with more than 12 million users across 180 countries.
Also, SAP has more than 1500+ partners, 25+ industry specific solutions and around 130,000 installations world-wide.
Industries or Businesses where SAP is employed in are:
- Life science
- Multi media
- Oil and Gas
- Defence and security
SAP ERP Modules
Let’s talk about SAP Modules now
SAP ERP modules help companies manage business processes like customer relations, human resource, production planning, financial accounting and so on. SAP modules are basically divided into two categories, namely:
- Functional Modules
- Technical Modules
SAP has in total 25 modules. Although all 25 modules are not deployed in business processes, the most important ones are the most prominent and successful ones.
From a freelancer’s point of view, pursuing the selected list of modules will also open way to greater job opportunities. For your benefit, here is the list of 12 vital SAP modules almost all organizations utilise:
- Finance & Control (FICO)
- Production Planning (PP)
- Business Information Warehousing (BIW)
- Advanced Business Application Management (ABAP)
- Customer Relationship Management (CRM)
- Sales & Distribution (SD)
- Human Resource (HR)
- Management Material (MM)
- Exchange Infrastructure (XI)
- Material Management (MM)
- Net Viewer and
However, this is not all; we will now delve deep and take a look at the top 7 highest paying SAP modules for 2018 that every freelance consultant should hone.
Top 7 Highest Paying SAP Modules for 2018 for Freelancers
With the growing rate of licensed users implementing SAP systems, such as SAP HANA, demand for a broad range of Freelance SAP professionals has doubled, be it functional, technical or architects and developers.
We have revealed what you may want to know. This is just a list and isn’t ranked in order.
1. SAP S/4 HANA
This is one of the most important additions of SAP in all of its 23 years. The SAP S/4 HANA module is used for high performance analytic appliance and is considered as the in-memory version of Business Suite ERP platform.
It is easiest to use comparatively to the other modules. It is administered to solve more complex problems and work on huge amount of data, which wasn’t possible by its previous versions. The demand for SAP S/4 HANA consultants have increased by 7% since 2017.
2. SAP ECC FI (Financial Accounting)
SAP ECC FI deals in managing and controlling financial transaction of a business enterprise.
The work of this Financial Accounting SAP Module is to help employees to manage data in a unified system, involved in any financial and business transactions. It functions extremely well in different types of economic situation and is perfect for reporting requirements.
The SAP ECC FI module consolidates date for a diverse business transactions and legal needs, for both small enterprises and large corporates. If you want to know your company’s real-time financial position in the market, you can completely rely on SAP FI.
For better work results, 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 augments the data management and work processes of HR department. Processes that are vital in all HRDs, such as hiring candidates, evaluating performances, managing payroll, incentives, compensations, PF& gratuity and other related activities can be effortlessly processed using this SAP HCM.
4. SAP SCM (Supply Chain Management)
One of the hardest parts of a manufacturing and production company is to understand the flow of goods out and the flow of raw materials in. Managing the demand and supply of products could be made significantly easy with the help of SAP SCM.
The module expertly covers production planning, demand planning and business forecasting. It also regulates and keeps a tab on processes such as product flow and information flow.
5. SAP BI (Business Intelligence)
SAP BI is used to give new meanings to raw data from various heterogeneous sources of an organization. How does the module work? It cleanses & stores and applies useful business logic to raw data and makes them useful for enterprise users to make better business decisions.
With the help of the ERP module, you can present the new data in the form of reports, including tables, charts etc. Business decisions can be made on critical and total analysis.
6. SAP MM (Material Management)
The Material Management module in SAP is part of logistic area and regulates the procurement activities of any organization. It supports all aspects such as planning, controlling and implementing.
The module ensures there is no gaps in the supply chain process by speeding up procurement and material management activities and make business operations smoother and cost effective.
7. SAP NetWeaver
SAP NetWeaver is not a product by itself, but is an integrated technology platform where it makes access to SAP data possible using simple HTTP or even smartphones. The primary function of SAP NetWeaver is to connect people, processes and information seamlessly.