SAP: The Leader of Enterprise Resource Planning (ERP)
SAP, acronym for Systems, Applications and Products is a globally acclaimed German software company especially well-known for its Enterprise Resource Planning (ERP) and data management programs. Businesses worldwide use SAP to track customer and business interactions.
Founded in 1972 SAP is the undisputed market leader in the ERP space and is the third largest software company in the world. SAP secured no 1 position of ERP industry in all four sectors, such as- Service sector, Retail sector, Manufacturing and Distribution sector, and Transport- Communication- Energy- Sanitary Sector. The company has over 335,000 customers in over 180 countries.Only for SAP’s latest next-generation ERP suite S/4 HANA it has signed more than 6,900 customers as of October 2017. The current version of S/4 HANA has more than 30,000 relational database tables that allow it to handle extremely complex business situations.
The above information establishes the fact that more and more companies across the globe will sign contract with SAP next few years. The existing users will also need to upgrade the server, train their staff, troubleshooting, consulting etc.An ever-increasing number of trained professionals required to serve organizations that use SAP.
SAP ERP consists of several modules.Functional modules are SAP Business Planning and Consolidation, Customer Relationship Management, Financial Accounting (FI), Managerial Accounting (CO), Sales& Distribution (SD), Material Management (MM), Product Planning (PP), Human Resources (HR).
Technical modules include Basis Administration, Security (Security & Authorization), SAP ABAP etc.
Techno-Functional modules are- SAP HANA, Business Intelligence (BI), SAP Business (BO), and SAP BW 7.4 on HANA.
SAP collects and combines data from the separate modules that manages various resources such as finance, human resources, procurement etc. to provide the company with enterprise resource planning.
Since ERP implementations can be very complex, it requires specialist support. Companies pay strict attention while planning to implement or upgrade an SAP ERP system. An individual trained and certified in any module of SAP is a readymade employee for the recruiters.
The average SAP Consultant salary in Canada is $138,905 per year or $71 to $120 per hour.
The demand for SAP professionals is huge in Canada and all over the industrialized countries. With the advent of cloud computing, cloud based ERP solutions may get popular among the smaller companies. Individuals with SAP certification along with cloud computing knowledge will be the most demanding employees in future.
In conclusion, although SAP professionals have a very attractive job market, to keep pace with modern technological changes they will need ongoing training to regularly update the skills.