SAP (Systems, Applications, Products in data processing) is a market leader in providing ERP solutions and services. We will try to understand more on ERP and where it should be used along with the ERP packages available in the market.

SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0). The most recent Enhancement Package (EHP8) for SAP ERP 6.0.

ERP packages included in SAP ERP are Operations (Sales & Distribution, Materials Management, Production Planning, Logistics Execution, and Quality Management), Financials (Financial Accounting, Management Accounting, Financial Supply Chain Management), SuccessFactors (Employee Central, Recruiting Management, LMS, PMGM, Onboarding 2.0) and Corporate Services (Travel Management, Environment, Health and Safety, and Real-Estate Management).

Important ERP Features List
The following is a list of the most important ERP features most commonly found in an ERP software system:

1. Integration
This ERP functionality may be a major portion of what makes this arrangement distinctive from other sorts of software. Whereas numerous standalone arrangements brag their capacity to coordinated with other frameworks, there’s nothing like a suite of applications built to work together. Integration guarantees the various capabilities advertised by ERP frameworks work together concordantly.ERP provides a fully-integrated, intuitive platform through which you can analyze, monitor and conduct the majority of data-driven tasks.

2. Automation
ERP capability automates common repetitive tasks counting order entry, payroll, accounting, invoicing, reporting and more. Automation cuts down the many hours your staff would typically spend on these processes, allowing them to focus on more important assignments. Automating your processes can also reduce human error. When your workers are investing the larger part of their day rehashing the same assignment over and over, they’re bound to form a botch or two. Automation permits information to be sent from one portion of the framework to another, without any chance of error.

3. Data Analysis
Since an ERP is as of now collecting and handling information from all your commerce capacities, it makes sense to capitalize on that data through investigation. ERP analyzes information relating to all trade operations, counting client information, generation insights, deals information and much more. For occurrence, an ERP can assist you anticipate request, make a budget and analyze your HR capacities. Information examination offers simple get to to imperative commerce information and gives you the devices you would like to track organizational efficiency and proficiency.

4. Reporting
Finance and accounting teams need to report and drill across multiple dimensions from the Financial Accounting (FI) and Controlling (CO) modules. ERP provides detailed reports that are intuitive, actionable and relevant. Additionally, it allows complete traceability, ensuring every error, inconsistency and questionable process can be traced, corrected and prevented. Thus, ERP’s reporting capabilities help you target your business’s weaknesses, ensuring stronger performance over time.

SAP Functional Modules List:

• SAP Financial Accounting (FI)

• SAP Controlling (CO)

• SAP SuccessFactors (SFSF)

• SAP Sales and Distribution (SD)

• SAP Production Planning (PP)

• SAP Materials Management (MM)

• SAP Quality Management (QM)

and many more….