SAP offers a plethora of ERP solutions to businesses, one of which is SAP FICO. There are many online course providers that are offering Sap fico Online Training Courses; however, it is advisable to choose one that allows you to train with certified SAP professionals or experts, so that you can learn from the one who already has extensive knowledge in the field of SAP FICO. Multisoft Virtual Academy is one of such online training providers that allows you to train with certified industry experts and offers additional benefits like lifetime e-learning access, recorded training session videos and after training support.
is SAP FICO?
As we have mentioned before, SAP is an ERP solution provider, wherein FICO stands for Financial Accounting and Controlling. SAP FICO Application allows users to do financial reporting both internally and externally. It enables to track all the financial transactions poste by an entity to generate financial statements.
SAP FICO is majorly based on two modules, where
the SAP FI module enable to perform financial accounting and reporting, while the
CO module offers functionalities to simplify and perform financial planning and
cost monitoring. In conjunction, both the modules form SAP FICO, which helps
users to take better financial decisions.
Here’s how SAP FICO software enables companies to improve financial operations:
The application offers a
single location to generate all accounting data of a business and manage
SAP FICO can be easily
integrated with other SAP modules, such as Production Planning and Material Management,
which further enhances the decision making process.
All the transactions can be updated
in real-time in the Financial Accounting modules. Hence, transaction data
properly can be stored properly, which also improves account management.
User can easily automate
credit collections and management through SAP modules.
Its easy invoice payment
process enhances the accounts payable and accounts receivable functions.
It allows companies to handle
their finance across countries in a secure SAP FI environment.
The SAP CO module allows to
easily monitor and reduce, planning, monitoring, and reporting costs. This
module is also used for procedures, such as observing and analysing outflows needed
for financial reporting.
If you want to gain in-depth knowledge about this software and master skills to efficiently run SAP FICO, enrol for SAP FICO Certification Training Course from Multisoft. You won’t just learn the necessary skills, but also earn a globally-recognized online training certificate after successful completion of the course.