SAP FICO Training

Innovians Technologies provides professional level for SAP FICO Training based on current industry standards. SAP FI stands for Financial Accounting and it is used to store the financial data of an organization. It helps to analyze the financial conditions of a company in the market. SAP Controlling (CO) is another important SAP module offered to an organization, which supports coordination, monitoring, and optimization of different processes within an organization. SAP CO includes managing and configuring data that covers costs and profits, internal orders, and other cost elements and functional areas. Together, they are known as SAP FICO software.

Areas where it is used:

The main purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting and help with effective business planning and decision-making. SAP FICO consists of two modules, SAP Finance (FI) and SAP Controlling (CO), each of which is used for specific financial processes. SAP FI enables companies to generate financial statements such as balance sheets or profit and loss statements, for reporting and analysis. On the other hand, SAP CO supports processes to plan, report on, and monitor costs from business operations, which can be instrumental in improving the company's profitability. 

Features and benefits of SAP FICO:

• SAP FI maintains and manages all transactions with customers and clients, and manages incoming cash flows. It also tracks and manages all money payable to vendors or suppliers, and enables a real-time conjugation between financial accounting and management accounting. This paves the way for parallel accounting concepts in SAP.
• Meanwhile, SAP CO is used to provide key decision making information to the management of the company. It is the internal accounting viewpoint, and sums up all the operating costs and expenses of the organization. This enables management to make essential business decisions. 

Who can get Benefits from this Training?

• End user.
• Analytics professionals.
• IT professionals.
• Data scientists.