SAP's solution includes a number of functional modules, which support transactions to execute key business processes, such as:
Financial Accounting (FI)
Financial Supply Chain Management (FSCM)
Materials Management (MM)
Sales and Distribution (SD)
Logistics Execution (LE)
Production Planning (PP)
Quality Management (QM)
Plant Maintenance (PM)
Project System (PS)
Human Resources (HR)
The Financial Accounting (SAP FI) module in SAP is designed to capture organizations business transactions in a manner that will satisfy external reporting requirements. Local legal considerations are pre-delivered with the system and the ability to manage and report on multiple companies in multiple countries with multiple currencies is part of standard functionality. Integration with Sales and Distribution, Purchasing and Materials Management allows for the ability to select any financial transaction and "Drill Down" to the originating transaction whether it is a purchase Order, Sales Order or material movement.
Financial Accounting includes the following sub-modules:
General Ledger (FI-GL)
Accounts Payable (FI-AP)
Accounts Receivable (FI-AR)
Bank Accounting (FI-BL)
Asset Accounting (FI-AA)
Funds Management (FI-FM)
Travel Management (FI-TV)
Special Purpose Ledger (FI-SL) (I am not sure this is really considered a module anymore)
SAP Financial Supply Chain Management (SAP FSCM)
The Financial Supply Chain Management module (SAP FSCM) includes the following information and processes:
Cash and Liquidity Management
Treasury and Risk Management
FSCM provides the ability to have a better view of your corporate cash flow, manage disputes with your customers, and add efficiency to your billing processes.
SAP Controlling (SAP CO)
The purpose of the Controlling (CO) module in SAP is to provide organizations with a method of slicing and dicing data to view costs from an internal management perspective and provide a view of profitability beyond that of basic financial reporting. This allows the organization to create information in a manner that is tailored to their specific business measurements needs. Controlling allows an organization to:
Plan and track overhead costs within the company's specific organizational structure.
Track costs related to specific projects or events and either capitalize those costs or charge them to appropriate departments upon completion.
Perform "Activity Based Costing".
Perform Product Costing, measuring production cost and variances.
Report profitability by product line, division, or other internal measurement.
Report sales and gross profitability by external measures such as market segments or customer groups.