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SAP stands for “Systems, Applications and Products in data processing” and it is the fourth largest programming organization in the world. SAP gives end to end answers for financials, manufacturing, logistics, distribution etc. Each SAP module is coordinated with different modules. SAP System separated into two sorts of modules, for example, functional modules and technical modules.
Many SAP ERP operations modules have developed that are planned to focus on various methods, including SAP ERP sales and service, sales and distribution, client relationship, financial management, business intelligence and more.
Below are the seven SAP modules which support transactions to execute key business processes:
1. SAP Financial Accounting (FI)
SAP FI represents Financial Accounting and CO represent Controlling. SAP FI is a spine of SAP that serves to records, gathers and process different monetary information on real-time. With SAP Financial Accounting, you can extract essential information for outside revealing.
Be it a smaller association or a more significant association; SAP usage helps in combining data for diverse business transactions and legal requirements. Financial Accounting module causes one to get the real-time monetary situation of an enterprise in the market. SAP FI joins with other SAP modules, for example, SAP SD, SAP MM, SAP PP, Payroll, and more for better work results.
2. SAP Controlling (CO)
SAP module encourages planning, observing, and enhancing all the cycles in an association. It controls the business stream in an association. This module helps in breaking down the real figures with the arranged information and in organizing business techniques.
The controlling module empowers one to design, track, perform, and report about expenses. Controlling incorporates managing and configuring expert information that spreads the cost components, cost centres, profit centres, inward orders, and functional area, etc
3. SAP Materials Management (MM)
SAP MM module as the term recommends materials required, handled, and delivered in enterprises. Various kinds of procurement processes are managed with this system. Some of the popular sub-segments in SAP MM module are vendor master data, consumption-based planning, purchasing, and inventory management and invoice verification.
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