0 votes
1 view
in SAP by (25k points)
What is the importance of SAP FICO?

1 Answer

0 votes
by (63.3k points)

Nowadays, organizations ought to affect several complexities that arise within the Business method. This has increased the requirement of computer code which will facilitate them in conducting their Businesses smoothly and quickly. Appropriate software not solely aids you in conducting business within the gift however conjointly permits you to stay an eye on the long run. SAP FICO is one such software that has organizations well structured and effective financial as well as dominant mechanisms. These mechanisms embody virtually every and each side of business operations to urge wide-reaching and in-depth changes with advantages.

Another advantage of the SAP FICO module is that it is simply integrated with sales, distribution, and materials management and so on. With the correct utilization of this software, one can address issues and areas such as Accounts payable, Accounts receivable, Bank accounting, General and other ledgers, Cost and profit centers and Management of different financial assets.

Due to these factors, organizations have started to implement this module in their business and are in continuous search of adept professionals who can work with this software. To work with this software, it is important for an individual to:

Understand the working principle behind SAP financial accounting

Know how the finance module integrates with totally different SAP modules

Master the fundamental concepts of SAP Financial Accounting

Perceive the importance of General Ledger and learn about its features

Learn a few core ideas module like Sub-Ledgers, Accounts Receivable/Payable, asset Accounting with SAP FICO certification course.

Welcome to Intellipaat Community. Get your technical queries answered by top developers !