SAP FICO is one of the several modules in SAP, a leading relational database management system with artificial intelligence. The term FICO in SAP FICO stands for Financial Accounting (FI) and Controlling (CO). As the term suggests SAP FICO deals with financial transaction and controlling aspects of financial transactions and maintenance. Every enterprise will be going through great hustle to maintain the financial data and process. SAP FICO eliminates the complications and hustle in performing financial transactions and maintaining financial data. Any data pertaining to financial process or a business transaction of an organization is unified in a single platform with the help of SAP FICO. Employees can access and work with financial tasks easily in this unified system.
The functions of SAP FICO play a crucial role in reporting and growth research analysis of a business.
Sub modules in SAP FICO (Financial and Accounting)
1. General Ledger Accounting
2. Asset Accounting
3. Accounts Receivable
4. Accounts Consolidation
5. Bank Accounting
6. Managing Funds
7. Managing Travel Expenses
Being one of the leading relational database management system supplier and largest enterprise software application providers in the world, SAP facilitates a better resource planning, growth planning and business tracking of an enterprise.
SAP Finance and Controlling (FICO) is one of the most widely used SAP modules that revolutionized the financial sectors. SAP FI (Financial Accounting) configuration and SAP CO (Controlling) configuration are available in SAP FICO to configure the SAP with required modules. Separate profiles are available for SAP FI user and SAP CO user
SAP FICO Training
SAP FICO is one of demanding career field which has very good scope in job market around the world. Many career analysts and experts around the world recommend SAP FICO as the career platform with greater significance. The SAP FICO training will help to enhance the understanding of the working of SAP FICO and provides in-depth knowledge to use the SAP FICO modules efficiently for an enterprise.
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