Advantages of SAP FICO:
SAP FICO remains a highly in-demand module as many industries continue to operate on the ECC model and use FICO for the functional aspects of their business processes.
SAP FICO Course in Pune is a certification degree Course that deals with the Finance and Cost controlling module in SAP ERP where FI represents Financial Accounting and CO represents Controlling. SAP FICO module is hearty and covers practically all business cycles experienced in different industries
One of the important benefits of SAP FICO is its integration with other SAP modules . This manner of financial transactions can be mechanically updated in different regions of the commercial enterprise, along with inventory management and production planning.
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 transactions and controlling aspects of financial transactions and maintenance.
SAP FICO is a critical module of SAP ERP Business Suite. Functionally, both FI and CO modules store the financial related transactions/information. FI and CO modules are firmly integrated with other ERP modules such as Sales and Distribution (SD), Material Management, Human Resources Management, and so on.
One of the biggest advantages of SAP is system integration. The myriad contributions of this software have boosted the career prospect of a SAP FICO consultant.
In SAP FICO training,the necessity of controlling the line items is taken care of by the posting key. The role played by the posting key is that of controlling all types of GL entries that include all the units in the debit, as well as the credit side of the account.
