What Do SAP FICO Consultants Do?
SAP FICO consultants gather business requirements data and use this to develop a comprehensive implementation blueprint. They work alongside internal teams to deploy the required SAP FICO modules, test them, and validate generated reports, dashboards, and data. As experienced ERP implementation engineers, they also perform complex ERP customizations and integrations to meet more specialized business needs.
SAP FICO specialists also bring a strong familiarity with SAP architecture that enables them to integrate FICO modules with other SAP modules. They are also adept at performing global SAP FICO implementations that involve multiple currencies, integration with third-party data channels, and multi-tier reporting capabilities. SAP FICO consultants also perform project management and team leadership duties throughout the ERP implementation process.
Most In-Demand Services of SAP FICO Consultants
Why Hire SAP FICO Consultants?
Hiring SAP FICO consultants allows companies to accurately scope financial and controlling requirements and implement SAP FICO solutions that achieve set objectives. By bringing on SAP FICO experts, companies gain access to their specialized skills in defining the overall technical and functional architecture of SAP FICO systems and applications as well as their implementation experience. SAP FICO ERP implementation engineers also bring extensive business and technical expertise in designing, developing, testing, implementing, and maintaining complex financial and controlling ERP solutions. Through their skills and expertise, SAP FICO consultants help companies achieve exceptional functional and business results from an SAP FICO implementation.
Moreover, SAP FICO consultants offer crucial insights and support in the following areas:
Strategic Financial Value Creation
SAP FICO consultants review current systems, perform a gap analysis, and identify critical financial value opportunities an SAP FICO implementation can secure. Among these opportunities, the specialist identifies options that may include streamlining accounting functions, automating consolidation, and optimizing travel management. They also identify controlling opportunities, including cost and profit monitoring automation, predictive profit analysis, and automated internal order management.
Expert SAP FICO Implementation
Hiring SAP FICO consultants introduces expert implementation skills to SAP FICO projects, an essential ingredient for success. By relying on SAP FICO ERP implementation engineers, companies achieve successful module implementation and integration, including regression testing across the entire ERP system. SAP FICO experts also investigate, analyze, troubleshoot, and solve software problems while mapping the company’s business requirements, processes, and objectives. Whenever necessary, SAP FICO consultants develop workarounds required to meet set goals.
Digitalization of Legacy Financial Systems
Companies undergoing digital transformation rely on SAP FICO consultants to guide them through the digitization process of their financial and control systems. With an in-depth knowledge of the SAP FICO suite of products, SAP FICO specialists bring crucial insights into the strategic analysis, formulation, and operationalization of a digitization project. Moreover, they lead the implementation process, ensuring the company achieves its digitalization objectives, including faster and more accurate and secure financial systems.
Map Business, Financial and Technology Requirements
SAP FICO consultants bring deep expertise in mapping SAP FICO modules and functionality to a company’s business, financial, and technology requirements. By working with SAP FICO experts, companies avoid costly mistakes associated with implementing underutilized modules, incomplete gap analysis, and the incompatibility of new systems with current systems. Working with SAP FICO ERP implementation engineers ensures a company achieves targeted business objectives through correct mapping of financial and technical requirements to the right SAP FICO modules and solutions.
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