Showing posts with label SAP FICO Online Training. Show all posts
Showing posts with label SAP FICO Online Training. Show all posts

Tuesday, 17 May 2016

SAP FICO Advantages and Disadvantages

The accompanying ERP SAP preparing instructional exercises guides preferences and detriments of SAP frameworks. SAP remains for the framework applications item. It executes the idea of programming as administration. SAP FICO is an undertaking asset arranging programming which was produced by a German organization SAP SE. it fuses the most noticeable business elements of any association. The principle objective for the improvement of SAP was to focus on the product necessities of different business. For any endeavor, it helps in having a considerable measure of profitability of procedures in the business and in building up the operational productivity. The idea of modules is executed in the SAP programming. The modules, which are singular projects, can be introduced, purchased and keep running in a different way however the date utilized by them is gotten from a typical database. It gathers and after that consolidates the information from different modules to give the association endeavor asset arranging.





Advantages:

1.     ERP permits less demanding worldwide mix (Barriers of cash trade rates, dialect, and society can be spanned naturally)
2.   Upgrades just should be done once to be actualized broad
3.   Gives constant data, decreasing the likelihood of excess blunders
4.     Makes a more proficient workplace making it less demanding for representatives to carry out their employment which prompts effectiveness[1]
5.       Merchants have past information and skill on the best way to best form and actualize a framework
6.     Assortment of modules with various functionalities.
7.     Redone applications for some particular commercial ventures, similar to variation setup and the car business. SAP has truly taken an ideal opportunity to inquire about the procedures for every industry.
8.     SAP is going to stick around. Running with a littler shop dangers them leaving business- - an issue you won't have with SAP.
9.     SAP ERP is exceptionally coordinated with different modules. You won't discover this with different suppliers.


Disadvantages:

1.      Bolted into relationship by contract and sensibility with merchant - an agreement can hold an organization to the seller until it terminates and it can be unrewarding to switch sellers if exchanging expenses are too high
2.     Unbend ability seller bundles may not fit an organization's plan of action precisely and customization can be exceptionally costly
3.      Rate of profitability may take too long to possibly be gainful



Tuesday, 23 February 2016

About SAP FICO Online Training


What is SAP FICO? 

SAP FICO means Financial Accounting (FI) and Controlling (CO) module. It is vital module in ERP and this modules stores substantial measure of budgetary exchanges information.SAP  FICO module is utilized for the individuals who are as a part of Finance and Accounting Profession. In 1972, SAP was established propelling business arrangements that help sorting out procedures in enterprises.

Features of SAP FI(Financial) Module :

• SAP FICO is the core module which deals with every single budgetary exchange for inner and in addition outside examining reports and this is exceptionally Flexible to utilize.

• SAP FI consolidates with different modules, for example, SAP SD, SAP MM, SAP PP… and so forth.

SAP  FI  Contains the following Sub-Modules:

1. General Ledger accounting

2. Accounts Receivable

3. Accounts payable

4. Fixed Asset Accounting

5. Travel management

Features of SAP CO (Controlling) Module:

SAP Controlling (CO) is the perspective purpose of inward bookkeeping. It gives key choice making data and operational bits of knowledge to the organization administration.

SAP  CO  Contains the following sub-Modules:

1. Cost Element Accounting

2. Cost Controlling

3. Cost Center Accounting

4. Internal Order Accounting

5. Activity Based Costing

6. Profit Center Accounting

SAP Organizational Structure : 

To see any ERP and its abilities, it's basic to fathom its various leveled structure. SAP Organizational structure joins strange state dynamic framework for an affiliation.

Basic Organizational Structure for SAP FICO is as below:




Operating concern >Controlling area >Company code > Sales Organizations /Plants/ Purchase Organizations

This is the fundamental authoritative  structure in SAP. It is legitimate for FICO additionally distinctive modules, for instance, Sales and Distribution (SD), Material Management (MM) and Financial Supply Chain Management (FSCM) as well.