SAP FICO (Finance and Controlling)
FICO, helps integrate the accounting side of a business.
All the financial sections like Accounts Receivable, Accounts Payable, General Ledger, Tax, etc are incorporated into SAP. So as payments are made, products are sold, entries in the books are automatically updated in the system in real time. It makes month ends much easier in companies now with all the automation.
Controlling, on the other hand represents the flow of costs and revenues from the transactions that take place in the company. It helps to track internal costs within the company. Thus, CO is a management tool which helps them analyze on how
well the company is doing. The various segments include Cost accounting, Profitability, Product costing, etc
SAP FI is the important module of all SAP implementations
SAP FI ( Financial Accounting ) is used for external reporting i.e Balance sheet, Profit and Loss statements.
SAP FICO Module integrates with various other SAP Modules such as MM
(Materials Management), SD(Sales and Distribution), PP (Production Planning), PM (Plant Maintenance),and PS (Project Systems).
SAP FI (Financial Accounting) Module receives postings from various other modules such as Materials Management, Sales
and Distribution, Human Resource) through integration.
All accounting-relevant transactions which are made in Logistics (LO) are posted real-time to Financial Accounting by automatic account determination. This data can also be passed on to
Controlling (CO).
SAP HYBRIS:
Its an enterprise multichannel e-commerce and product content management (PCM) software. It is a subsidiary of SAP SE.
SAP traditionally has been very succinct in product offerings and its messaging. When we talk about ERP we know what exactly
it means, what are the processes and modules (Sales and Distribution, Material Management, Finance and Controlling, Production Planning, Plant Maintenance, etc.) are included in ERP. If we talk about CRM, we know it includes sales, service and
marketing. Similarly when we talk about SCM, SRM, we know what these products include. However, same is not true for SAP Hybris products. SAP is using Hybris as an umbrella term to address huge market segment called Customer Engagement Management
or Custom Experience Management. Hybris is a brand like SAP not a solution in itself. It’s not a single product like ERP or CRM with suite of capabilities tightly integrated with each other as one unit. Hybris is merely a family of products not
necessarily built as modules of single entity like ERP or CRM. Rather they are individual products positioned together as a comprehensive suite to offer end to end customer experience management solution.
It appears that SAP has decided to name anything and everything Hybris as long as it touches customer facing processes. It is important to understand the history of Hybris. Historically, Hybris is an ecommerce platform and SAP bought Hybris
to establish itself as a viable player in ecommerce and Omni channel market place. However naming anything and everything Hybris gives a false impression to customers that all those Hybris called solutions are part of Hybris platform. Earlier
this year, SAP renamed its cloud based CRM solution, SAP Cloud for Customer (C4C) as SAP Hybris Cloud for Customer. One thing surely it has done is that it has added its own dimension to the already confused state of SAP CRM market. Customers
think that C4C is now part of Hybris commerce platform. SAP may argue that C4C can be integrated with Hybris commerce platform, and that is why Hybris C4C, as together they offer consistent end-to- end customer experience solution. However Hybris
Commerce platform and Cloud for Customer are distinctly two different products, built separately to serve two different audience. Buying Hybris commerce won’t give you C4C or conversely buying C4C won’t give you Hybris commerce just because they
are both called Hybris. By painting all customer facing applications with Hybris, SAP has created more confusion in market than offering a consistent customer engagement platform.
SAP FICO Trainer Profile
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