Top 7 Highest Paid SAP Modules
SAP has evolved a long way since 1972. The latest SAP version HANA, released in 2016, has already gained reliability across all leading development companies.
HANAspecializes in running on both personal computers and cloud computing platforms. It is suitable for students, small-scale developers as well as big corporations.
Nonetheless, in this blog, we are supplying information on the highest-payingSAP modulesthat are in great demand in 2020. These modules will be a good source for the consultants to start their job.
Highest Paying Sap Modules
SAP is implemented by many companies across different industry verticals for their day-to-day business processes. Currently, SAP is the third largest Independent Software Supplier across the world with more than 12 million users across 180 countries, more than 1500+ partners, 25+ industry-specific solutions, and around 130,000 installations worldwide. (wiki)
Industries, where SAP is applied, are:
· Automobile
· Life science
· Finance
· Education
· Telecommunications
· Healthcare
· Aeronautics
· Pharmaceuticals
· Multimedia
· Oil and Gas
· Education
· Defense and security
SAP ERP Modules
SAP ERP moduleshelp organizations execute business processes like human resources, customer relations, financial accounting, production planning, and so on. SAP modules are classified into two categories, namely:
1. Technical Modules
2. Functional Modules
SAP has a total of 25 modules. Although all 25 modules are not expanded in business processes.
From a consultant's perspective, proceeding with the selected list of modules will open the door to more desirable job opportunities. For your privilege, here is a list of 11 important highest paying SAP modules almost all companies utilize:
Yet, this is not all; we will now deep dive and take a look at the top 7 highest rewarding SAP modules for 2020 that consultants should learn.
Top 7 Highest Paid Sap Modules List
With the number of licensed users executing SAP systems such as SAP HANA is growing, the requirement for SAP professionals has increased, whether it is for functional, or technical experts, or architects and developers.
1. SAP S4 HANA
This is one of the most valuable additions of SAP in all of its 23 years. TheSAP S/4 HANA moduleis utilized for high-performance analytic appliance and is recognized as the in-memory version of theBusiness Suite ERPplatform.
It is the simplest to use related to the other modules. It is determined to solve more complicated problems and work on a huge amount of data, which wasn’t feasible by its previous versions. The requirement forSAP S/4 HANA consultantshas increased by 7% since 2017.
2. SAP ECC FI (Financial Accounting)
SAP ECC FI deals in handling and controlling the financial transactions of a companies enterprise.
ThisSAP FI (Financial Accounting) Modulehelps employees to maintain data in a single central database for any transactions involving receivables, payables or other business transactions. It promotes proper reporting culture because of its versatile ability in adhering to global compliance requirements. It works extremely well in different types of economic situations and is perfect for reporting requirements.
For better work outcomes, you can integrate SAP FI with other modules such as SAP MM, SAP PP, SAP SD, and Payroll.
3. SAP HCM (Human Capital Management)
TheSAP HCMmodule increases the data management and work processes of the HR department. Processes that are important in allHRD (Human Resource Department), such as hiring candidates, estimating performances, managing payroll, incentives, compensations, PF & gratuity, and other similar activities can be effortlessly processed using this SAP HCM.
