What is SAP FICO and why companies use it?
SAP FICO, also known as SAP finance and controlling, is a product for Enterprise Resource Planning (E.R.P.) module made by ERP specialists SAP. It made for storing and saving financial data and financial transactions history of a company and it covers the accounting side of a business. In the financial part of the FICO software, all the externals tenets such as; balance sheets, profit and loss statements etc. are recorded. Whilst in the CO part of the module, all functions provides you with decision making information which is very essential in a management scenario. Both FI and CO combined; FICO can ingrate with other departments of a company to create the maximum possible optimization of resources to yield profit and productivity.
Why having the knowledge about SAP FICO has become essential:
With the growing requirement of specialists in the financial world, SAP FICO offers a whole new dimension to this platform. Finance, traditionally is done with the help of books and ledgers or with software which are related to financial statement examination. SAP FICO users can coordinate their work to provide the company with essential solutions to difficult decision making questions. This is why the requirement of a SAP FICO user has grown in the recent years. SAP FICO has been a revolution for many companies worldwide and many people are taking courses to learn this skill.
How can I gain SAP FICO knowledge?
Companies are looking for people with the skill who understand this software. SAP FICO has become an essential tool for companies and hence the vacancy in this field has grown significantly. Anyone with some financial knowledge and proper training about the software can use the SAP FICO product. What is more comforting is that; you donât need to be an Information Technology specialist to understand the software. A simple SAP FICO Online Training course is enough to make you understand the techniques of the software.
This blog is listed under Enterprise Applications Community