SAP FI & CO - Skillful handling of your finances

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 offer comprehensive solution concepts for the financial and cost management requirements of modern companies. In an environment characterized by continuous changes such as digitalization, growing market volatility and dynamic adjustments in business processes, it is essential to make the most of the business potential in financial accounting and controlling.

Modern companies must constantly adapt to new requirements arising from technological developments and rapidly changing economic conditions. It is therefore important to take full advantage 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 to support 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!

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

SAP’s FI (Financial Accounting) module is one of the oldest and most widely used modules in the SAP world. It documents all flows of money and goods in the company and provides both external and internal recipients (e.g. shareholders, management) with a comprehensive picture of the financial situation through the period-end closing (balance sheet, income statement).

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

With the introduction of the New General Ledger in SAP ERP 6.0, SAP is providing additional options for managing financial processes more efficiently and completing them more quickly. The real-time integration of controlling significantly reduces the reconciliation effort for month-end closing. At the same time, the mapping of parallel accounting processes is simplified and optimized. The document splitting process adds dimensions such as profit centers or segments to the balance sheet and income statement presentation. These functions will be expanded even further 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. This is achieved through the use of various tools and sub-modules. The Controlling module, like the Finance module, is fully integrated into all relevant processes within the SAP system and therefore provides a comprehensive overview.

For example, actual and planned data can be compared or a transparent contribution margin calculation can be set up with the profit and loss account. In addition, products can be broken down into their respective components and their costs analyzed in order to gain a detailed insight into production costs.

With Overhead Cost Controlling (CO-OM), Product Cost Controlling (CO-PC) and Profitability Analysis (CO-PA), SAP offers powerful tools for analyzing costs and revenues in a wide range of variants. These tools support efficient internal reporting and optimize cost management.

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

With SAP S/4HANA, the previously separate external and internal cycles merge into a flexible and faster unit. Thanks to the Single Source of Truth and the Universal Journal (ACDOCA table), reconciliations are a thing of the past, enabling faster closures and more complex data processing.

Universal Journal

The Universal Journal consolidates all relevant financial data, actual controlling data, income statement components and other content. This consolidation eliminates the need to store data in different database tables.

Advantages of the New General Ledger

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

Business Partner Model in SAP S/4HANA

In addition, the previous separation between customers and suppliers has been abolished. Both are now managed as business partners, which is mandatory and brings with it both advantages and challenges, especially during a system changeover. However, the business partner solution offers great potential and simplified handling for the 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 therefore 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.