SAP FI
FinanceDefinition
SAP FI (Financial Accounting) is a core SAP module that handles financial transactions and reporting.
Detailed Description
SAP FI (Financial Accounting) is a core module of the SAP ERP system that helps organizations manage their financial data. It facilitates comprehensive financial reporting and management by integrating various financial processes, including general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. SAP FI works closely with other SAP modules to provide a complete and accurate picture of an organization's financial health, enabling better financial decision-making and compliance with international accounting standards.
Key Features
- Accounts Payable
- Accounts Receivable
- Asset Accounting
- Bank Accounting
- Consolidation
- Funds Management
- General Ledger Accounting
- Travel Management
Common Modules
SAP CO
The Controlling module supports coordination, monitoring, and optimization of all processes in an organization.
SAP MM
The Materials Management module handles procurement and inventory functions.
SAP SD
The Sales and Distribution module manages sales processes and distribution of goods and services.
Popular Implementations
Implementation of SAP FI in a global enterprise
A global enterprise implemented SAP FI to unify its financial processes across multiple countries, enabling real-time financial data access and streamlined reporting that complies with various international accounting standards.