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 provides end to end business solutions by utilizing a re-engineering software included within the system.
SAP had come a long way since 1972 when it was founded by IBM engineers Hopp, Wellenreuther, Tschira, and Plattner. The latest SAP version HANA, released in 2016, has already earned credibility across all leading development companies.
HANA is specialized in the running on both personal computers and cloud computing platforms. It is proper 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 vast demand in 2019. These SAP modules will be a good resource or backup for freelance SAP consultants to kick start their career or find a job.
Where Exactly Is SAP Employed In Businesses?
SAP is so much in demand that it is achieved by many organizations across many 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 worldwide.
Industries or Businesses where SAP is employed in are:
Telecommunications
Life science
Pharmaceuticals
Education
Healthcare
Aeronautics
Automobile
Multimedia
Oil and Gas
Education
Finance
Defense 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 divided into two categories, namely:
Functional Modules
Technical Modules
SAP has in total of 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 the way to greater job opportunities. For your benefit, here is the list of 12 vital SAP modules, almost all organizations utilize:
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 increasing 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 the 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 a huge amount of data, which wasn’t possible by its previous versions. The demand for SAP S/4 HANA consultants has increased by 7% since 2017.
2) SAP FI (Financial Accounting)
SAP 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 the economic situation and is perfect for reporting requirements.
The SAP FI module consolidates date for 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 PP, SAP MM, SAP SD, and Payroll.
3) SAP HCM (Human Capital Management)
The SAP HCM module augments the data management and work processes of the 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 CO (Controlling)
SAP Controlling (CO) is another important SAP module offered to an organization. It supports monitoring, coordination, and optimization of all the processes in an organization. SAP CO includes recording both the consumption of production factors and the services provided by an organization.
SAP CO covers configuring and managing master data that covers cost and profit centers, internal orders, and other cost elements and functional areas.
The main purpose of the SAP controlling module is planning. It allows you to manage variances by analyzing actual data with plan data and thus allows you to control business flows in your business.
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 the logistics area and regulates the procurement activities of any organization. It supports all aspects, such as planning, controlling, and implementing.
The module ensures there are 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.
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