ERP & Finance

ERP and Finance - SAP FI, also known as SAP Finance is the functional module of SAP ERP Financials, which deals with Finance. While Controlling (CO) deals with the business's cost control, which is the other part of SAP Accounting. Both in combination makes it a complete module. Hence everyone calls it SAP FICO.

The SAP FI module is the most popularly used module for financials and accounting. Diverse accounting tasks such as maintaining ledgers, balance sheets, and profit and loss statements etc., are managed automatically by SAP ERP solutions. SAP FI modules help towards asset management in enterprises. ERP is basically a software suite of various applications involving business process management. SAP is a software development corporation that provides ERP software solutions in the market. The ERP is a tool used for the management of business processes across various industries.