Wednesday, April 25, 2018

SAP FICO Online Training at SAPVITS is a thorough course that is conducted online by industry experts. SAP FICO Online Training Course is an essential course for professionals seeking to make a career in the finance or accounting field. SAP FICO Course is designed to make you expert in working with financial and controlling modules of SAP. SAP FICO Training covers all aspects of SAP FI and SAP CO module and equips individuals with the ability to better manage the financial accounting and reporting techniques for their organization.

The SAP is one of the global heads in achieving Business software applications towards better business modules in SAP were determined for various processes. With many modules in SAP being available to Businesses across multiple domains, SAP Finance and Controlling (SAP FICO) is the best design module for internal as well as external accounting processes. SAP FICO consists of SAP FI and CO modules, along with SAP FI and CO users.


SAP FICO Module dependably remains before to its interest when related to finance solutions delivered by different platforms like BAAN, Oracle many more, as it’s easily cooperative with different systems. Furthermore, it can integrate with other fundamental modules like SAP PP, SAP HR and so on.

Skills and knowledge you required as an SAP FICO Consultant:

    Financial & Management Accounting knowledge
    Familiar with the business processes
    Passions in providing solutions and supporting the business people
    Configuration, researching, and testing skills
    Be a patient person

If you don’t have an accountancy qualification, it will be the great scope for you if you can get into accountancy job in the company using SAP. It will not only familiarize you with SAP software however more significantly, you will learn and feel the client requirements.

Roles and Responsibilities of an SAP FICO Consultant

The exact role of SAP FICO Consultant will modify based on the type of task they are operated. The designated project may be SAP Implementation, Upgrade, Rollout, SAP Support, and more. The key roles and responsibilities of an SAP FICO Consultant in an industry are:

    SAP FICO Consultants are known as Business Experts, as they design the SAP implementation solution based on the terms of your organization.
    They use the obtained process knowledge to cover the impact of the SAP implementation on the company’s methods.
    They should also cooperate with the customers to collect the requirements based on that SAP implementations are customized.
    SAP FICO Specialists perform an important role in migrating the data from the legacy system to new SAP ERP implementation.
    Analyze the support and deployment of SAP Financials.
    Conduct a complete analysis of complex Business process requirements and implement appropriate system solutions.
    Conduct workshops to meet Business elements.
    Interconnect the client Company demands, processes, and objectives
    Work as an arbitrator with a client to troubleshoot, investigate, analyses, and determine software queries.
    Perform consulting services on both new achievements and existing support projects.

Importance of SAP FICO in Finance Industry

Companies need to deal with lots of complexity that arises in the Business process. This has enhanced the necessity of software that can help them in conducting their Businesses smoothly and quickly. Appropriate software not only aids you in doing works in the present but also enables you to keep an eye on the future. SAP FICO is software that provides organizations well-structured and efficient financial as well as controlling mechanisms. These mechanisms include almost every aspect of Business operations to get wide-reaching and in-depth changes with benefits.

Another advantage of the SAP FICO module is that it can be easily integrated with SAP SD, SAP MM and so on. With proper utilization of SAP FICO software, one can address issues and regions for example Accounts receivable, Accounts payable, Bank accounting, General and other ledgers, Cost and profit centers and Management of various financial resources.

Financial statements, master data can be migrated to SAP FICO system. SAP FICO also helps in well organizing the financial management systems. Which results in better record management, and ease in the decision-making process. Managing variances, product costing as well as production cost has become easy. Across processes, there is more activity-based costing. For notable events, now organizations can keep track of costs where profitability and sales reports are being produced utilizing inside or outside measurement.

The interest for SAP FICO experts is not restricted to real urban communities it is shared over the globe. Other than SAP SCM experts, LE, and SAP BASIS the FICO is the most looked for SAP module. In these areas, there are constrained SAP FICO experts with strong business experience. There has been developing trend in the volume of SAP FICO work. SAP FICO experts assist the end user to distinguish specialized highlights of the module.

Because of every one of these variables, organizations have started to implement SAP FICO module in their Business and are in continuous inquiry of professionals who can work with this product.  To work with this software, it is crucial for an individual to:

    Understand the working principle behind financial accounting
    Master the fundamental concepts of Financial Accounting
    Understand how the finance module integrates with different SAP modules
    Learn few core concepts of SAP FICO module like Sub-Ledgers, Accounts Receivable, and Asset Accounting

In today’s world, just pursuing SAP Finance certifications without the finance background, it might prove challenging to get a job. Now, SAP customers are more sophisticated, and they are in need of functional specialists with deep expertise in their area of interests.

Procuring Managers are looking for Consultants with more profound learning in the functional area. To emerge from the group, it is best to increase some area experience and after that go for SAP FICO certification.
SAPVITS offers SAP FICO Online Training with flexible and cost effective. With our SAP FICO Online Course, you would become an expert in SAP Financial Accounting and Controlling, and be able to integrate the accounting side of the business with the complete financial management solution. The SAP FICO Training is specifically designed to impart comprehensive knowledge in regards to the proper utilization and management of various external reports and controlling components. SAP FICO Online Course at SAPVITS that can help you to build your career in SAP FICO.
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