Are you Looking Best institute for ERP FICO Training Course in Noida? IQ-India offers ERP Fico Training classes with live project by expert trainer in Noida Sector 16A. Our ERP Fico educational program in Noida is specially designed for college kids, Under-Graduates, Graduates, Working Professionals and Freelancers. we offer end to finish learning on ERP Fico Domain with deeper dives for creating a winning career for each profile.
What is ERP FICO?
ERP FICO is popularly called ERP finance and control. FICO isn't a sovereign module of ERP but it's a mixture of ERP FI and ERP CO modules of ERP R/3. The ERP FI Module is linked with accounting and finance, whereas the CO module arrangement with cost and revenue for the concept of designing, reporting, and examining the operations of a corporation.
As ERP modules have function of real time and are automatically updated whenever new events occur, one can review the economic position of an organization in realtime as contrast to traditional systems where there's no realtime procedure by means of the FI section. This helps in taking a way better decisions and strategic plannings.
The Financial Accounting and Control (FICO) module in ERP is developed to detain company's business transactions in an exceedingly manner that may satisfy outside reporting requirements. Local legal considerations are pre-delivered with the technique and also the aptitude to manage and document on multiple companies in multiple countries with multiple currencies may be a a part of standard utility. Incorporation with sales and allocation, purchasing and materials supervision enables for the aptitude to settle on any financial transaction and 'Drill Down' to the accessible transaction whether it's a procurement order, sales order or material association.
The litheness of the finance unit organizational structure provides the module the aptitude to handle any financial condition. Be it atiny low organization with one legal entity or a giant association with various companies, consolidations and ranging legal requirements, the FI module can sustain and computerize most financial postings and reporting.
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