SAP FINANCIAL AND CONTROLLING (FICO)
SAP FI is one, if not the most lucrative consultancy roles in SAP, if you are a Finance or accounting graduate or have worked in a Bank or in a Financial service organisation this module is for you.
One of the most common operations in any organization is managing finance, organizations earn money and spend money on a day to day basis and it is imperative to keep track of the humongous amount of transactions that happen every day.
The module of SAP that offers to streamline this line of functions is called SAP FI. It is one of the most widely used modules of SAP and has customers worldwide ranging from very small businesses to giant corporations.
SAP is clearly the most widely implemented financial software, which is utilized by innumerable organization in the domains of sales, procurement, banking, asset management, inventory management etc.
One of the core modules of SAP is FI, as any organization would require financial solution for its operations. So, if an organization has decided to implement SAP, its almost always the case that the FI module is implemented on a priority basis. FI implementation is also one of the biggest money churners for IT services companies.
An FI analyst is the person responsible for providing functional and technical support to existing SAP implementations. He/she has to work with the ABAP developers and end users to analyze the business requirements and keep updating the SAP.
It is imperative to have very strong communication and management skills since a professional in this line needs to communicate with the developers and stakeholders on a day to day basis.
A FI consultant is hired to implement SAP on the client business.
Implementation of SAP demands thorough understanding of the business operations, the integration points, the various technologies already in place and the domain expertise.
Sometimes it is required to design an implementation from ground up. You as an consultant, may have to develop systems requirements, develop prototypes and carry on testing as well as training.