SAP FI and CO

Solutions for Your Financial Management and Controlling

SAP FI and CO - Custom Solutions by One Passion IT-Consulting

The SAP FI (Financial Accounting) and SAP CO (Controlling) modules provide comprehensive solution concepts for the financial and cost management requirements of modern businesses. In an environment marked by continuous changes such as digitalization, increasing market volatility, and dynamic adjustments in business processes, it is essential to fully exploit the business potentials in financial accounting and controlling. 

 

Modern businesses must continually adapt to new requirements arising from technological advancements and rapidly changing economic conditions. Therefore, it is crucial to fully leverage the benefits of the SAP FI and CO modules to ensure precise financial control and efficient cost management. One Passion GmbH is your competent partner for the implementation and optimization of SAP FI and CO, supporting your business processes through targeted digitalization measures. 

Your contact person

for SAP FI/CO

Oliver Ludwig

Team Lead

finance@one-passion.com

Enquire now without obligation!
Enquire now without obligation!

SAP Financial Management - Effective Documentation of all Monetary and Goods Flows

The SAP FI (Financial Accounting) module is one of the oldest and most widely used modules in the SAP ecosystem. It documents all monetary and goods flows within the company and provides a comprehensive view of the financial situation through the periodic closing (balance sheet, income statement) to both external and internal stakeholders (e.g., shareholders, management).

In addition to traditional applications such as general ledger accounting, accounts receivable and payable, and asset accounting, the SAP FI module also includes functionalities for travel expense management and budget management.

 

With the introduction of the New General Ledger (New GL) in SAP ERP 6.0, SAP enables companies to efficiently manage and expedite financial processes. Real-time integration with controlling significantly reduces reconciliation efforts during month-end closing. Simultaneously, handling parallel accounting becomes simpler and more streamlined. The document splitting functionality enhances balance sheet and income statement reporting by adding dimensions such as profit centers or segments. These capabilities are further expanded with SAP S/4HANA (Simple Finance).

Optimal Cost Management and Revenue Analysis with SAP CO

With SAP CO, companies can efficiently analyze all costs and revenues using various tools and submodules. The Controlling module, like the Financial Accounting module, is fully integrated into all relevant processes within the SAP system, providing a comprehensive overview.

For instance, companies can compare actual and planned data, establish transparent contribution margin accounting alongside results analysis, and break down products into their respective components for detailed insight into production costs.

 

SAP offers powerful tools such as Overhead Cost Controlling (CO-OM), Product Cost Controlling (CO-PC), and Profitability Analysis (CO-PA) for analyzing costs and revenues in diverse ways. These tools support efficient internal reporting and optimize cost management strategies.

Revolutionary Financial Management with SAP S/4HANA: Integration of External and Internal Accounting

With SAP S/4HANA, the formerly separate cycles of external and internal accounting merge into a flexible and faster unit. Through the Single Source of Truth and the Universal Journal (Table ACDOCA), reconciliation issues become a thing of the past, enabling quicker closures and more complex data processing.

Universal Journal

The Universal Journal consolidates all relevant financial data, actual data from controlling, elements of the profit and loss statement, and additional content. This consolidation eliminates the need to store data in various database tables. 

Advantages of the New General Ledger

The new data model and introduction of the New General Ledger facilitate compliance with parallel accounting regulations through the use of different ledgers.

Business Partner Model in SAP S/4HANA

Furthermore, the previous separation between customers and vendors is dissolved. Both are now managed as business partners , which is mandatory and brings both advantages and challenges, particularly during system transitions. However, the business partner solution offers significant potential and simplified usability for the end user.

Enhanced Profitability Analysis

The accounting profitability analysis has been significantly expanded in scope and is now SAP's strategically preferred choice. It continues to be developed as the sole CO-PA solution. This account-based solution is fully integrated into the Universal Journal and can, for example, represent revenue costs based on material cost calculations.

 

With SAP S/4HANA , companies can achieve more efficient and comprehensive financial management.

One Passion - Your Reliable Partner for SAP Financial Management and Controlling

These are just a few of the many changes and benefits associated with the transformation to SAP S/4HANA in the area of Finance & Controlling. As an experienced SAP consulting firm, we provide comprehensive support in all aspects of financial and controlling processes. Whether you are planning a new implementation, consolidating existing systems, or managing the transition to SAP S/4HANA, we are by your side with our expert knowledge. Trust our expertise and take the next step towards a future-proof and efficient financial and controlling landscape.

 

Benefit from our extensive offerings in SAP Financial Management and Controlling, as well as other customized SAP solutions. Contact us easily via the Contact form on our website or send us an email. We look forward to answering your questions and providing you with competent advice and support.

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