SAP FICO (Financial Accounting and Controlling) is a core module in SAP ERP that integrates financial management and internal controlling. It helps organizations manage financial transactions, accounting processes, and cost control. SAP FICO enables real-time financial reporting, ensures compliance with regulatory standards, and supports strategic decision-making through detailed financial insights. By using SAP FICO, businesses can streamline their financial operations, enhance accuracy in reporting, and gain better visibility into financial performance and cost management. It supports functions like general ledger accounting, accounts payable/receivable, asset accounting, and cost center accounting, making it essential for efficient financial management and operational efficiency.

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SAP FICO Classes in Pune
SAP FICO training in Pune

Dunning in SAP FICO refers to the automated process of reminding customers about overdue payments. It involves generating and sending dunning letters to customers, informing them of their outstanding invoices. The dunning process can be customized based on various parameters such as dunning levels, intervals, and charges. Each level represents a different stage of urgency, with increasing severity in communication. The system tracks the payment history and calculates the overdue amounts, ensuring systematic follow-up to improve cash flow and reduce outstanding receivables. This helps maintain effective financial management and customer relationships within an organization.

Know more- SAP FICO Training in Pune
SAP FICO Classes in Pune
SAP FICO Course in Pune