Origin of SAP

 SAP is precisely a German multinational software corporation founded 49 years ago in the year 1972. The software corporation is based in Walldorf, Baden Wurttemberg. The main purpose of the company was to launch and develop enterprise software to manage business operations as well as important customer relations. The respective founders were Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther.

 What is SAP?

Let us answer your question on what is SAP, SAP stands for Systems, Applications, and Product in Data Processing. SAP is the name of the company as well as the name of the ERP software (Enterprise Resource Planning). SAP software is developed by SAP, which is a European multinational software corporation in the year 1972 by Wellenreuther, Hopp, Hector, Plattner, and Tschira.

SAP is number one in the ERP market. It enables its customers to run their business processes smoothly. It comprises accounting, sales, production, human resources, and finance that too in an integrated environment. SAP completely ensures the easy and smooth information flow between different SAP components. It further implements financial processes and legal controls.

 Uses of SAP

 SAP software organizes the business management duties in modules that all work concurrently in one system by sharing information. It facilitates consistent practice across an entire division. There is not at all a scope for duplicate data and so it automates Project Monitoring and Multi-dimensional and flexible reporting. It helps in the standardization of the business process. Another crucial advantage of SAP is that it enables us in making planning, scheduling, tracking, and managing easier leaving more time for you to perform value-added work. No one can deny its major role in the ability to provide clear-cut job roles with authorizations. It also assists us in enabling integration with E-commerce. Last but not least, it helps in cost savings on overheads such as stationery, file storage, etc.

Advantages of SAP

Below given are some undeniable advantages of SAP software. They are tailored for every business, are a resourceful technology, and are precisely flexible and secure.

•  Tailored for every business

 SAP software is ultimately well suited for any business. There are small to mid-size companies that rely on SAP. It delivers all solutions for your big or small enterprise. It provides you with cloud-based ERP solutions and tools to fit your needs irrespective of the number of employees you have, or whether your organization is established or not established or in the growing phase. So you can fully rely on SAP 24/7 support teams.

• Implements innovative technology

SAP is up to date with all the latest developments, ensuring that the company is equipped with the right technologies for the future. SAP has over 40 years of ERP experience. According to SAP, it provides us" Future proof ERO technologies that will fuel the next generation of business". SAP's advanced capabilities will help the company improve performance and productivity by automating routine activities and reducing paperwork. It saves you valuable time, money, and crucial resources.

•  Highly flexible and secure

Every company today is searching for ways to be more versatile. SAP offers the organization the freedom to "customize processes, use the public or private cloud, or pay only for what you need." Also, having a team of experts by your side that is always looking ahead is crucial when it comes to keeping your company secure. SAP protects your company from hackers by ensuring the protection of your data. Also, SAP is built in such a way that to minimize the number of threats the company faces every day and they use the most advanced infrastructure in the world for security.

 How does SAP work?

Now let us explain simply to you how SAP works. Firstly, we get a request from the presentation tier. The request can be online or anything else. It can also be related to a batch job. Secondly, the given request is evaluated by the respective dispatcher of the SAP central instance. Thirdly, the respective dispatcher authorizes the arrived request to the message process. Then, the message process determines whether or not this request should be handled on this instance or forwarded to another. If the request stays in the same instance, it is allocated to one of the necessary work processes. Further, the request is processed by the work process. The SAP system will commit an update to the database through the en queue server if necessary. Finally, the feedback about the outcome request is provided back to the originator of the request in a reversed order.

What are some SAP skills?

SAP is the future of business. SAP skills are beneficial to every person working for a business that uses enterprise resource planning software. Don't ignore the fact that this skill is most desired by employers in highly refined companies. So developing such skills can get you into certain companies because being the best ERP software in the market is highly crucial to understanding and being able to apply to varied job fields.  Learn ERP from the best ERP Training Institute Wycorp.

• Incredible Reporting

Enhancing SAP skills help you on understanding and implementing reports that can provide data that you and your respective manager or another important department might need.

• Accounting

Another crucial skill is accounting, it helps us to comprehend accounting modules within the SAP software. It is extremely profitable to anyone working in an accounting department in any business. SAP FICO Training Institute Kerala provides you with a benefit in a finance or accounting job.

• Recruiting

Understand and learn recruiting modules from SAP software. It encourages you to help HR professionals better management of applicants and potential employees.

•  Management

SAP deals with varied management modules. It includes customer management, project management, warehouse management, transportation management, and inventory management. This skill is very important to learn and understand as it helps in getting you selected among outstanding employers and companies.

• Communication

What do we need to run a company smoothly? Last but not least communication makes up among the refined set of  SAP skills. Communication helps a person to effectively communicate between the departments. So being a great communicator you are top among the applicants at any job, they appreciate your great understanding of communication among different departments.

Learn SAP with Wycorp

 SAP is the largest provider of enterprise application software in the world. SAP is smart, an integrated software system that can support you with anything you need to run a smart company. They are known as the king of business apps because of their innovative technology, processes, and applications. It encompasses all facets of company management.

Wycorp - SAP Training Institute Kerala was founded to inspire students to begin their careers by studying SAP. We assist you in weaving and dressing up your goals to become a licensed SAP professional. We have a huge influence on both beginners and advanced learners. Join us right now to start working on your dream job.

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Why we need Online Education

Why we need an online class in the current pandemic, I am going to tell you some historical stories for your reference, In 1918 Spanish flue globally impact the economy, and millions of people affected. In the same situation Sars Covid 19 waves were very fast impacted globally. WHO reported that the Covid 19 virus can be spread easily through air-bone. The right choice to avoid people's physical interaction through people and maintain social distancing each other.

In this current situation, all the schools & colleges were closed. Govt decided to support children's education online... Now global digitalization technology is strong and its importance is very high.

Online classes are a method of education over the Internet. It is often referred to as “e-learning” among other terms. However, online learning is just one type of “distance learning” - the umbrella term for any learning that takes place across distance and not in a traditional classroom. Many institutions &schools have also shifted their base to virtual platforms to conduct classes online. Wycorp is the no.1 SAP Professional Software Training in Kerala provides the best various SAP Courses in Kerala

Importance of Online Education

Online education enables the teacher and the student to set their own learning pace, and there's the added flexibility of setting a schedule that fits everyone's agenda. As a result, using an online educational platform allows for a better balance of work and studies, so there's no need to give anything up.

    Online Learning is now applicable not just to learn academic but also to learn extracurricular activities for students. In recent months, the demand for online learning has risen significantly and it will continue so in the future.

Merits of Online Education

Online education enables the teacher and the student to set their own learning pace. The main advantages of online classes are Time management skills, which makes finding a good work-study balance easier. A growing number of universities and higher education schools are offering an online version of their programs. Studying your program online is also a great option for getting an official certificate without physically setting foot on a university campus. Also it is important to select the best SAP Training Institute for your education.

E-learning has a number of tools such as PDF, Videos, Audio, and teachers can use all these tools as part of their lesson and teachers are able to become more efficient educators. Another advantage of online learning is improved student attendance. Students to attend classes from any location of their choice.

 Demerits of Online Education

Online learning has some disadvantages, here is the main demerits inability to focus on screens, one of the biggest challenges of online learning is the struggle with focusing on the screen for long periods of time. Another key challenge of online classes is an internet connection. Without a consistent internet connection for students and teachers, there can be a lack of continuity in communication.

As of today's situation, it is quite impossible to take classes in regular mode. Almost every school uses this day’s online learning. Many educational institutes have to adopt online learning. In recent months the demand for online learning has risen significantly, and it will continue doing so in the future. The COVID- 19 highly affected the education system and now we have to overcome the situation without any compromise in students' education. Whatever happen we should move on and we must overcome the situation including education. We must thank the technologies that help to overcome the pandemic situation. Educational institutions are looking towards the process of educating students online.

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SAP is the largest ERP provider in the world. They provide software to large-scale companies as well as small-scale companies. The major software programs are SAP ECC, SAP S / 4 HANA, Business One, and BusinessByDesign. FICO is a module in SAP ERP. FICO means to finance and controlling. FICO is a module that comes in the accounting area. FICO is used to managing the financial side of the company and controlling cost accounting. Learn SAP

Following are the important sub-modules in SAP FICO,

• General Ledger Accounting

• Accounts Payable

• Accounts Receivable

• Bank Accounting

• Asset Accounting

• Cost Center Accounting

• Cost Element Accounting

• Profit Center Accounting

Scope of SAP FICO

After learning FICO, we can look for jobs in companies that use SAP. Anyone with a degree can study SAP. This is a job that is in good demand nowadays. The average salary of a FICO consultant is above 5 lakh. Best SAP Training Institutes in kerala. 

Wycorp provide consultant level training in various SAP Modules.

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Q1. When is Business One released for commercial use?

Ans: Business one was developed by a company called Top Manage Financial system in 2002 and SAP succeeded buying from them.

Q2. Which type of companies use SAP Business One?

Ans: Business One is an ERP software developed to manage MSME(Micro Small Medium Enterprises) type of companies.

Q3. What is Endusers and how to manage them in SAP Business One?

Ans: Endusers are type of usres who has division of work in a certine functional module, we can manage them under human resource module and assign their rol under autorisations in administration module.

Q4. Type of business partners and how to create them?

Ans: Ther are three type of business partners in SAP B1,

1. Vendors
2. Customes
3. Leads

Can craete all of them in Business partner master data under business partner module.

Q5. What is Blanket agreement?

Blanket agreements are long term contract betwwen either for the purpose of purchasing or sales.

Q6. Use of Payment means?

Ans: Payment means is used to function outgoing and incoming payments, there are four types of payment methods in paymnet means, ie Bank transfer, Cheque, Cash and Credit card.

Q7. What is master data and different types of master data in B1?

Ans: Master data are the data records keeps inthe syatem for a long period of time. Master data in Buisiness one are,

1. Employee master data
2. Business partner master data
3. Item master data
4. Resource master data

Q8. What is House bank and its function?

Ans: Company’s operating bank account is maintained as House bank in SAP B1. We use them to process the companies payment transactions.

Q9. How to do Multiple payments in one go?

Ans: Automatic Payment Program(APP) is the function used to do multiple payments at once. We can define conditions for APP in payment  methods under banking configurations.

Q10. What is Dunning?

Ans: By using Dunning function we can send remainding letters to customers who have due or overdue invoice to pay.

Q11. What is Material Requirement Planning(MRP), and its use?

Ans: MRP in SAP B1 is used to forcate future material demand and helps to schedule manufacturing and procurement process accordingly.

Q12. Why do we maintain Reccurring Postings in Financial Module?

Ans: Reccurring postings are used to post frequent journal entry transactions easily, We can maintain templates for such frequent transactions and execute them when ever needed.

Q13. How to view Balance sheet of company in SAP B1?

Ans: Financial > Financial Reports > Financial > Balance sheet

Q14. Which function can be used to transfer Stock/Inventory from one warehouse to another.

Ans: Inventory transfer fucnction under inventory module.

Q15. What is Approval Procedure used for?

Ans: Approval Procedure can be used when an enduser requires authorisation from his consultant for an activity that he don’t have acces for.

Q16. Use of form settings?

Ans: We can edit fields to input/display in any documents available in SAP Business One.

Q17. How do we check stock in SAP Business One?

Ans: There are two ways to check incentory in SAP B1

1. Use find mode in item master data
2. Goto Inventory > Inventory reports > Inventory status

Q18. Why do we use pick and pack?

Ans: Pick and pack is a function used to automate the process of sales orders, Inventory transfer requestes, Production orders.

Q19. What is Landed cost

Ans: It is a fuction used to add additional charges(ie, carriage, customs, transportation and etc...) of procurement and allocate it to the materials procured.

Q20. State the path for internal reconciliation in SAP Business One?

Ans: Business Partners >  Internal Reconciliations > Reconciliations.

Learn SAP Business One from Best SAP Training Institute

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