Top 10 Highest Paying Sap Modules in 2024

SAP is one of the very popular enterprise software providers and it goes way back to 1972 and has evolved a lot since then. It is continuously adapting itself and changing to meet the dynamic needs of the businesses. The latest SAP module HANA was released in 2016. It has already gained the trust and is widely popular among development companies. What we are going to discuss in this blog is the Top 10 Highest Paying Sap Modules in 2024, so that you can prepare yourself by getting the necessary certifications before sending out your resume.

It is essential to know the modules that are projected to grow in the year 2024 before doing this. This will help you to get started in this field. The information provided in this blog will help you understand which among the popular SAP modules will be driving the businesses ahead this year. This will help you make better and more informed career and organisational decisions. The world of business technology is ever-evolving and staying ahead of the curve is what helps you be consistently successful.

What are SAP Modules?

SAP modules are specialised parts within the SAP software ecosystem. Each of these modules is designed to address particular processes and business functions. SAP modules provide companies with comprehensive solutions for the streamlining of operations, optimisation of workflows, and the facilitation of the integration of data. Selection and implementation of appropriate SAP modules are essential for the customisation of an SAP environment suitable for the unique needs of the company and for improving agility and efficiency across several aspects of business operations.

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Highest Paying SAP Modules: Factors Driving the SAP trends of Year 2024

As we discussed above business and technology are two dynamic fields and are constantly changing. And so is SAP. The SAP module trends of 2024 are mainly driven by 3 things. They are given below.

Innovations in Digital Transformation

As the digital transformation speeds up, there is a growing demand for SAP modules that can support the upcoming latest technologies. The development and adoption of SAP modules are influenced by the following innovations.

• machine learning (ML)
• artificial intelligence (AI)
• robotic process automation (RPA)
• Internet of Things (IoT)

Businesses look for modules that can use these technologies to increase productivity, automate tasks, and extract useful information from their data.

Requirements Unique to Industries

Each industry has its unique compliance standards and operational needs. SAP modules are designed to adapt to industry-specific needs, enabling businesses to customize their SAP systems to comply with industry standards and best practices. The SAP modules can be customised to meet specific challenges and have specialised functionalities to meet the requirements of a particular industry. So, they can be customised to be used in the following sectors.

• Healthcare
• Retail
• Manufacturing
• financial services

Changing to SAP S/4 HANA from SAP ECC 6.0

This might be the greatest reason for the new trends in the SAP modules in 2024. SAP will stop providing support for SAP Business Suite 7, which comprises SAP ECC 6, in 2027. Though the components in S/4 Hana are slightly different, teams have spent years honing their ECC expertise and modifying their systems to precisely suit their business requirements. Individuals who become proficient in S/4 early on, before businesses begin their migrations, put themselves in a position to profit later on in terms of pay and employment.

Top 10 Highest Paying Sap Modules in 2024

Now let us look into the top 10 highest paying SAP modules in 2024 to get a better overview of the career prospects of this year.

Finance and Controlling (FICO)

The aim of an SAP FICO is to be used for external and internal financial reporting to record all the financial transactions posted by a company to produce correct statements at the finishing phase of the training period. The annual salary of SAP FICO experts is about ₹4,90,000 in India.

The SAP FICO is divided into sub-modules as listed below.

• General ledger accounting
• Accounts receivables
• Accounts payables
• Asset accounting
• Bank Accounting

SAP Sales and Distribution (SD)

The SAP SD module has the role of the management of the entire sales and distribution process. This ranges from the creation of orders to shipping to delivery and billing. This module helps businesses to do the following things.

• Streamlining sales operations
• tracking customer interactions
• managing pricing and discounts
• ensuring timely fulfilment of orders

integrating other SAP modules such as MM and FI provided the businesses with a detailed view of the whole cash-to-cash process. This thorough coverage guarantees the seamless integration of every facet of the sales cycle. By having a unified system for managing sales processes, decreasing manual errors, and increasing overall order fulfilment efficiency, organizations can gain better insight into their operations.

The SD module’s connection with SAP’s Customer Relationship Management (CRM) features is one of its main advantages. Organizations can keep a comprehensive record of all client interactions, preferences, and history thanks to this connectivity. Through the integration of client data into the SAP environment, companies may enhance their decision-making capabilities, customize their sales strategies, and establish more robust and enduring customer connections. Through this integration, targeted marketing and sales initiatives are supported and the overall customer experience is improved. SAP SD expert’s salary ranges from ₹ 2.7 Lakhs to ₹ 14.5 and averages around 5.4 Lakhs in India.

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SAP Production Planning (PP)

THE SAP PP module has main three functions. They are given below.

• Optimization of production processes
• Aiding organizations plan
• execution and control of manufacturing activities

It also covers the following areas.

• demand planning
• management of production order
• capacity planning
• material requirements planning (MRP)

SAP PP integrates with modules such as SD and MM to make sure that there is a seamless and smooth flow of information starting with the production planning and ending at the order fulfilment. So, we can say that these combinations provided real-time visibility to the manufacturing process.  So, we can say that the PP module is essential for the enhancement of the efficiency of manufacturing and the responsiveness to market demands. The PP module enables a company to make as well as execute production plans efficiently.

Businesses can reduce lead times, improve utilization of resources, and enhance overall production efficiency by optimizing production schedules, ensuring material availability, and minimizing idle time through the integration of these functionalities. A unified view of production data empowers companies to make well-informed decisions, react swiftly to demand changes, and improve coordination between manufacturing and other company operations. An SAP consultant earns around ₹6,38,250 per year in India. But the range is from ₹28,250 – ₹4,12,502.

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SAP Quality Management (QM)

The SAP QM module aids in the control of production quality throughout every aspect of company operations. This quality management module adopts an organized and practical approach to controlling quality in many operations, which helps an organization grow faster. The SAP Quality Management (QM) module works together in a variety of areas, including production, planning, notification, inspection, control, and audit management. The average annual salary of a SAP QM consultant in India is around ₹9,10,000.

SAP Materials Management (MM)

SAP material management focuses on things such as procurement as well as inventory management. It helps in the optimisation of the supply chain process by managing procurement, relationships with the vendors as well as inventory control. The MM module ensures the following things.

• materials are available at the time of need
• reduction of procurement costs
• facilitation of efficient inventory handling

Integration of this module with other modules such as sales and delivery (SD) and production planning (PP) ensures the effortless flow of the data within the organisation. The MM modules help in the following things.

• Management of purchasing activities of the firm
• vendor evaluation
• creation of purchase requisition
• processing of purchase order
• goods receipt

The MM module helps firms make educated decisions, bargain for better terms with suppliers, and guarantee timely material availability by offering a consolidated platform for procurement processes. Cost savings, shorter procurement cycle times, and increased overall procurement efficiency are the results of this optimization.

An essential component of the MM module is inventory management, which helps businesses keep ideal stock levels and save carrying costs. The module simplifies inventory valuation, tracks the movement of products, and provides real-time visibility into inventory levels. Organizations may prevent stockouts, cut down on excess inventory, and enhance demand forecasts by maintaining accurate and current inventory information. Enhancing overall supply chain efficiency, lowering holding costs, and improving order fulfilment are all benefits of effective inventory management, which is facilitated by the MM module. The average annual salary of the SAP MM consultant is about ₹6,23,107.

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SAP Human Capital Management (HCM)

SAP HCM was formerly known as SAP HR. Its role is to manage the human resources processes. These include the functionalities used for the following things.

• personnel administration
• organizational management
• time management
• payroll
• talent management

SAP HCM helps the company to do the following actions.

• Optimization of workforce processes
• Tracking of employee performance
• Ensuring compliance with HR regulations

SAP HCM can be integrated with other SAP modules such as Payroll and Employee Self-Service for the enhancement of the overall efficiency of HR operations.

Essential workforce administration tasks are managed by the SAP HCM. These include.

• personnel administration
• organizational management
• time management
• management of employee data
• tracking organizational structures
• automation of time-related actions like attendance, leave management etc.

This effectiveness lowers administrative burden, boosts data quality, and increases overall HR efficiency. Talent management and development strategies inside an organization are supported by HCM. Performance management, succession planning, and learning management features are included in this. The module facilitates talent identification and development, goals alignment between individuals and organizational objectives, and skill development opportunities. Organizations may make educated decisions on training, succession planning, and promotions by having a thorough understanding of each employee’s performance and potential. This helps to create a workforce that is more competent and engaged. The average annual salary of an SAP HCM consultant is about ₹4,00,000.

SAP NetWeaver

SAP NetWeaver is a unified technological platform that enables access to SAP data via straightforward HTTP or even mobile devices. It is not a standalone product. SAP NetWeaver’s primary purpose is to seamlessly integrate people, processes, and information. Their salary is around Rs. 772K per year in India.

SAP High-Performance Analytic Appliance (S4 HANA)

In SAP’s twenty-three years of existence, this is one of the most valuable additions. The SAP S/4 HANA module, sometimes known as the in-memory version of the Business Suite ERP platform, is used for high-performance analytic appliances. In comparison to the other modules, it is the easiest to use. It is committed to tackling more challenging issues and handling massive volumes of data, something that its earlier iterations were unable to accomplish. Since 2017, the demand for SAP S/4 HANA consultants has grown by 7%. Their salary ranges from ₹ 3.1 Lakhs to ₹ 23.0 Lakhs. On average they get paid about ₹ 11.6 Lakhs annually.

SAP Supply Chain Management (SCM)

One of the most difficult aspects of running a manufacturing and production company is giving up control of the entire procurement and distribution process. It is more difficult to combine into a single track to reduce waste, leaks, and misappropriations. SAP SCM can help you manage product demand and supply much more easily. Business forecasting, demand planning, and production planning are all thoroughly covered in this module. It also monitors and tracks operations like product flow and information flow. Their average annual salary is around ₹7,51,164 per year.

SAP Business Intelligence (BI)

SAPBI redefines raw data from several sources inside a business. It records and analyses transactions so that algorithms can apply logic to extract relevant information from raw data, allowing organizations to make smarter decisions. You may display the new data in reports with tables, charts, and other visual aids thanks to the ERP module. Business decisions can be made based on critical and comprehensive study. Their average salary is around ₹4,05,000 in India.

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