Enterprise Resource Planning, or ERP for short, denotes a software application that allows an organization (or enterprise) to manage its business processes in an integrated and effective manner. TechnoFunc brings to you a complete knowledgebase of building your acumen in the area of ERP Implementation.
The development of workbench gives access to SAP's development tools. Any program developed in ABAP is stored in the R/3 repository. Definitions of variables and parameters on the other hand are stored in the data dictionary. ABAP programmers use the development workbench to write programs in SAP. ABAP is similar to many other programming languages.
The Financial Accounting (SAP FI) module in SAP is designed to capture organizations' business transactions in a manner that will satisfy both the local and external statutory reporting requirements. Local legal considerations are pre-delivered with the SAP system and it has the ability to manage and report on multiple legal entities in multiple countries.
There can be either a one-to-one relationship or there can be a one-to-many relationship between Controlling Areas Versus Company Codes. Hence, CO becomes the governing module that oversees the consolidation of costing data whereby management can analyze the data to make management decisions. CO-PA supports two forms of Profitability Analysis: Costing-based & Account-based.
Not knowing what is happening within a corporation is likely to result in a failure to meet corporate goals. Efficient controlling aids are needed to manage the company as a unit. SAP provides that control using the EC (Enterprise Controlling) application component of SAP's ERP System. It contains four subcomponents that fully support the various aspects of enterprise controlling and the related organizational options.
SAP Treasury solutions (TR Module) are part of SAP Financial Supply Chain management and helps in managing and controlling the Treasury related processes. It provides the capabilities to strengthen the return on funds & improve cost-saving across the organization, optimize the working capital & utilize excess cash. It also provides audit controls and helps in reducing overall operational risks.
One can use IM to manage investments as fixed assets, research and development, or projects normally maintained under overheads. Does not limit the term investment only to investments capitalized for bookkeeping or tax purposes. Defines an investment in this context as any measure that initially causes costs, and that may only generate revenue or provide other benefits after a certain time period has elapsed (for example, plant maintenance projects).
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Sap is enterprise resource planning system software and world’s leading provider of business software solutions. SAP, started in 1972 by five ex-IBM employees in Mannheim, Germany, states that it is the world's largest inter-enterprise software company and the world's fourth-largest independent software supplier, overall. SAP (System Application and Product) is the name of the company as well as the software itself.
