SAP
FICO is Finance and Cost management module in SAP ERP, where FI stands for
Financial Accounting and CO stands for Controlling. The SAP FICO module is
highly reliable and covers almost all business processes in various industries.
This is one of the most important and extensive modules in SAP.
If you want to learn about SAP FICO module, refer to the SAP FICO Course in Delhi. You can enhance your skills and build your career in the respective field.
Benefits
of SAP FICO
The
main benefits of using SAP FICO are:
- It generates all the business accounting data for financial management in one place.
- Other SAP modules such as material management and production planning can be integrated with this SAP FICO to make important decisions.
- All transactions created in the logistics department can be sent in real time in financial accounting modules. This helps to better process invoices and stores these transactions properly.
- The SAP FI module can be used to automate management and credit collection.
- SAP FI extends the performance of accounts payable and receivable by providing simple invoice payments.
- Companies can process their company funds in different countries using SAP FI.
- With SAP CO, planning, monitoring and reporting costs are simple.
- SAP CO provides methods for analysing and monitoring the various costs required for financial reporting.
- SAP FICO software helps companies improve their financial transactions.
Future
Scope
Obviously,
when an organization implements SAP ERP, it also needs FICO consultants to work
with their finance and control departments. Obviously, this will create a
demand for enthusiasts like you looking to create a job at SAP FICO. Of course,
many jobs are posted daily by employers on job sites and this is all over the
world. The different job roles for SAP FICO are:
- Data Analysts
- Data Scientists
- Project Managers
- SAP FICO Consultant
- IT developers and tester
- BI and reporting professionals
To accomplish your career goal in SAP FICO, enrol yourself in the SAP FICO Online Training in India. The training will prepare you as per the industry and will enhance your technical and non-technical skills.
SAP
FICO is currently one of the most sought-after units in the IT industry and
therefore, there are many job opportunities in this particular field. As the
demand for SAP FICO increases, the salary structure of SAP FICO Consulting is
very profitable. According to Indeed.com, the average SAP FICO consulting
salary ranges from about $78,334 per year for a business analyst to $159,626
per year for an SAP project manager in the United States. On the other hand,
the average salary of a SAP FICO consultant in India is around ₹583,000 a year.
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