Finance & Controlling in one ERP with the switch to S/4HANA

It’s the next generation of Business Suite: SAP FICO enables you to optimize and simplify your company's financial processes. Based on the ERP platform S/4HANA, the latest finance management application closes known gaps between transaction, analysis, and planning systems. Benefit from direct insights and real-time analyses at all levels – and from risk-free implementation with ORBIS as your SAP consultant.

SAP FICO is a combination of the classic SAP Financial Accounting (FI) and Controlling (CO) modules. It automatically integrates the functions and processes of both modules into a single solution with all the benefits of S/4HANA to offer even more possibilities.

A key innovation is the unified database structure, known as the Universal Journal. It brings together finance and cost accounting data in a single ledger, providing a comprehensive and consistent view of a company's finance and accounting processes.

SAP S/4HANA Finance also extends the functionality of FI and CO with in-depth analytics options, integrated planning and analysis functions as well as optimized reporting capabilities. Plus everything is based on real-time data.

Module I
What functions does SAP Finance offer?

The SAP FI module makes capturing and processing financial transactions even faster and easier. It provides the perfect basis for creating financial statements. The module includes:

• General Ledger Accounting (SAP FI-GL): with a clear basis for annual financial statements, balance sheets, and profit & loss statements
• Accounts Payable (FI-AP): with capturing of all transactions with suppliers
• Accounts Receivable (FI-AR): with capturing of all customer data and transactions
• Asset Accounting (FI-AA): with capturing of all transactions related to fixed and long-term financial assets
• Bank Ledger Accounting (FI-BL): with capturing, reconciliation, and comparison of all your company's bank account data and transactions

Module II
What functions does SAP Controlling (CO) offer?

An optimal digital tool for decision-making: the CO module enables you to control costs, analyze profitability, and make decisions based on real-time data – all with the benefit of extended functions and an improved user experience:

• Product Cost Controlling (CO-PC): for calculating, monitoring and controlling of costs related to producing products and services
• Overhead Cost Controlling (CO-OM): for capturing, allocating and controlling overhead costs
• Profitability Analysis (CO-PA): for improved allocation of costs and revenues to different profitability segments and better analysis of profitability relating to products, customers, and regions
• Profit Center Accounting (EC-PCA): for tracking the financial performance of profit centers, including cost allocation, revenue allocation and report generation

We draw on experience: ORBIS has been a reliable SAP consulting partner in the field of finance & controlling since 1988. Our focus here is on financial key figure reporting. But we also support you in the implementation and utilization of the classic SAP ERP modules Finance, Controlling, Enterprise Controlling, and Investment Management.

We make complex things simple: our use of predefined solutions and reference systems minimizes implementation costs and project runtimes. We also benefit from using the latest reporting tools such as SAP Analytics Cloud (SAC) with integrated in-memory technology based on S/4HANA. Our extensive portfolio also includes software solutions for consolidated financial statements, either via Business Warehouse or directly through the SAP ERP system.

Financial accounting needs to be just as efficient as your transition to S/4HANA. That's why we focus on your specific business processes and provide you with solution-oriented support through all project phases. And we share our knowledge in training sessions on SAP FICO so that we can work with you and your employees to meet all challenges.

Need your S/4HANA transformation to be quick and risk-free? This not only requires expertise in SAP but also in your relevant industry. We have both and specialize in the processes used by mid-size industrial businesses. In addition to SAP Project Management, this also includes the following SAP industry solutions: