Among Enterprise resource planning (ERP) software available in the market, the one made by European multinational firm SAP SE is as good as it gets. SAP SE is the numero uno provider of business software solutions for better work and data management in businesses spanning across industries. SAP or System Application and Products (yes, like it or not, the company and its product names are the same) is efficient and productive, which makes it a priority choice among businesses. Thus it is understandable that SAP training is in high demand these days.
It is estimated that about 4 lakh users across the world including Apple, Microsoft, BMW, Ford, etc. use some or the other component of SAP. Thus it is self-explanatory that SAP training is in high demand.
Some of the advantages of SAP implementation in organizations are :
- Track cost heads and devise future plans accordingly
- Be able to keep a track of costs for specialized events and assign them to appropriate departments
- Avail activity-based costing across processes
- Manage material costing, production costs, and variances
- Generate reports on sales and profitability ensured through a product or an internal measurement
Today a large number of job seekers are interested in finding out a cost-effective SAP training institute that will teach them the skill without burning holes in their pockets. SAP training/ certification is prestigious as well as worthy given the current industry trends. It’s certainly worth the time and effort to get one. But as with everything else, stereotypes run wild when it comes to SAP training. Let us analyze and debunk the most common ones.
SAP training is very difficult 😰
While this is subjective, it does not have to be the case if you can follow a proper path. Don’t get me wrong, SAP training is not a cakewalk but nothing worthwhile is so, right? If it were that easy everyone would do it, then what would have set the doers apart from the quitters? If updated course modules from a reputed SAP training institute is holistically followed with the true effort put in, SAP certification is achievable. Here go the typical learning modules :
- Procure to pay process
- General Ledger accounting
- Accounts payable/receivable business process,
- Bank related accounting business process
- Financial statement creation business process
- Asset accounting business process fixed assets
- Daily posting and period-end closing in management accounting
- Accruals and Deferral
- Concept of consolidation with the chart of accounts along with multiple currencies
- Concept of trading partners
- Financial costing cockpit – Preparatory Process
- Inventory Valuation
- Hire to retire process
- Finance organization structure and master data
- SAP controlling organization
Not very daunting right? It isn’t.
Only students having a commerce background can do an SAP certification 😑
Yes, there is no denying commerce background students do have an edge when it comes to learning SAP. But in reality, there exist no hard and fast rules that non-commerce background students can’t take up a SAP course. Any enthusiast for that matter is eligible for SAP training. If you have the inkling, go for it! As an institute with more than two decades of repute we have come across science and arts background students doing equally well in an SAP course and subsequently in their respective jobs!
An SAP course is too costly to afford 😭
Well, it actually depends on the SAP training institute or the exact program you’re planning to pursue. There are economical yet efficient programs offered by some institutes that will not force you to rob a bank for SAP training 😛
Good luck finding them out! 😉
I have to learn all SAP modules for a certification 😥
There exist various SAP modules like :
- SAP Financial Accounting and Controlling (FICO)
- SAP Sales and Distribution (SD)
- SAP Production Planning (PP)
- SAP Materials Management (MM)
- SAP Quality Management (QM)
- SAP Human Capital Management (HCM)
Not every module is deployed by a single organization and it is an uphill task learning all the modules listed here. Also, these modules cater to different functional requirements and one is not required to be a master of all of them. For example, SAP FICO deals with managing financial transactions within an enterprise while SAP PP includes software components to tackle production management and costing. Similarly, all other modules have their own functional area that they excel in.
SAP FICO is a module that is employed by the majority of the organizations because accounting needs are constant across business types. So a job seeker may learn SAP FICO and subsequently be certified in it.
Popular components that make up the FICO module are :
- Accounts Receivable
- Accounts Payable
- Asset Accounting
- Account Consolidation
- General Ledgers
SAP training might not give me jobs in today’s market 🥺
While nothing is certain in this world, SAP certification in your inventory will definitely stand you in good stead when it comes to securing well-paid jobs. There still are a low number of SAP-certified individuals today, so it is still prestigious. SAP Getting one will definitely enrich your CV and boost your chances of getting the job that you have always yearned for.
An SAP-certified individual may branch out into the following job roles: SAP FICO Consultant, SAP Analyst, Accounts & Finance Manager, Financial Analyst, SAP Consultant.
The average monthly salary of an SAP FICO end-user ranges between INR 20,000 to 54,000 (Source: Glassdoor)
You would do good to make hay while the sun shines.
Now that we have busted the common myths, do you hear the faint inner call yet? Or are you already excited like we are and ready to dive in for an SAP certification course? Let us know in the comments section below!