Advantages of using SAP FICO

hai,
What are all the main advantage using SAP FICO compared to other ERP?
Can any one give some points. This is required for one presentation.

Flow of posted documents can be exactly followed in the Financial SAP System
complete product costing offering
We have currently announced a new Flex GL, which offers superior functionality
Competitors use batch processes for posting, SAP works real time
Integration of Management of InternalControls  and audit information system.
SAP has a clear lead in international capabilities for the financial applications, including languages and localizations, supporting more than 40 countries in the standard product and about 90 overall.
SAP supports 28 languages in its applications and these languages can be used simultaneously in the same system as well.

Similar Messages

  • Advantages of using SAP

    hai
    advantages of using SAP some implemented some manufating companys
    sridhar.v
    [email protected]

    Hi Vegendla
    Technology playing a major role in today's business environment. So many companies and corporations have adopted information technology on a large scale by using Enterprise Resource Planning (ERP) systems to accomplish their business transaction and data processing needs. And in this technology SAP R/3 plays a significant role when compared with other similar tools.
    ERP system takes a lead role because of some of the following reasons:
    Many large corporations use several different and separate information systems, often because they have merged with and/or acquired other companies with varied systems. An ERP system integrates these separate information systems and results in improved data reliability and processing efficiency. ERP systems are not only used by large corporations but becoming popular with small to mid-sized companies also.
    Simplify business transaction processing and thus work load is reduced.
    Some of the main advantages of using SAP R/3 are listed below:
    SAP's R/3, introduced in 1992, is the most used ERP system in the world.
    The R/3 software package is designed to allow businesses to effectively and efficiently operate a variety of business processes within a single integrated information system.
    The software is customizable using SAP's proprietary programming language, ABAP/4. R/3 is scalable and highly suited for many types and sizes of organizations and runs on six different platforms.
    SAP’s R/3 has been designed to be the best ERP system in the four areas of human resources, financial, supply chain management, and marketing. R/3 is also an international product, and meets the local fiscal, language, and tax requirements of most countries.
    SAP Manufacturing:
    Drive Manufacturing at the Speed of Business
    Manufacturing isn't getting easier. You're under constant pressure to deliver innovative products, respond to customer demand quickly, and eliminate costs.
    Enter SAP Manufacturing. This powerful solution integrates manufacturing with your other operations, so you can identify changes in demand and supply and rapidly respond to new customer requirements.
    SAP Manufacturing is the only comprehensive solution for managing manufacturing operations with embedded Lean and Six Sigma – empowering you to deliver superior responsiveness and performance. And since it's built on the SAP NetWeaver platform, SAP Manufacturing connects seamlessly with your entire enterprise, including your current plant floor infrastructure. So you can accelerate time-to-value and lower total cost of ownership.
    <b>SAP Manufacturing gives discrete and process manufacturers functionality to:</b>
    Coordinate operations with partners and suppliers
    Detect and resolve exceptions and performance deviation in real time and at low cost
    Institutionalize Lean and Six Sigma processes and monitor production to drive continuous improvement
    Comply with environmental, health, and safety standards
    Improve employee productivity and create a high-quality work environment
    With SAP Manufacturing, your management and production departments gain real-time visibility into key data – enabling them to act quickly. Managers can document, track, and interpret quality and performance using rich analytics capabilities. Production teams can leverage role-based applications for plant managers, production supervisors, maintenance supervisors, and quality inspectors to detect and respond rapidly to exceptions and variances – and deliver superior performance.
    SAP Manufacturing helps you to plan, schedule, sequence, execute, and monitor all your manufacturing processes optimally. So you can achieve higher profits and marketplace wins.
    Reward if useful to u
    null

  • Advantage of using SAP SRM

    Hi,
    Could any one please explain the advantages of using SAP SRM over MM module. As per me we can de most of the activities in MM except some vendor related activities (and that even if SUS is used).
    Thanks in advance.
    Regards,
    Lalit

    Hi Lalit,
    All advantages of using SRM and MM module is in Plan-Driven Procurement documentation on service.sap.com/instguides -> SRM.
    Generally planning in APO or MRP in an ERP system calculates the quantity and materials required. This requirement can be transffered to the EBP system. Requisitions from SAP Plant Maintanance or Project System are also possible requirements.
    The requisitions are passed to EBP. If the data is complete and unique, purchase orders can be created automatically. If the data is missing, the proffesional purchaser has to complete the missing information in Sourcing or via Process Purchase Orders. An option for the professional buyer is to assign un-sourced PO to an RFQ and send it out for bids.
    The proffesional purchaser completes the orders, assings source of supply, add or deletes item.
    Once the order is complete it is issued automatically to R/3. XML is the upcoming medium, since the data can be automatically integrated in more and more supplier's systes, or You can send orders by e-mail, fax or print them.
    Goods receipt is either done in EBP by supplier via an XML confirmation, by employee who requested the item by general goods recipient or in the backend system. Inventory is updated in backend.
    The invoice is processed in EBP manually by the requestor or an accountant submitted by the supplier via an XML invoice, possibly from SUS or backend system.
    You can also look in Self-Service Procurement documentation on:
    http://help.sap.com/saphelp_srm50/helpdata/en/8d/f6a93e08503614e10000000a114084/frameset.htm
    Regards,
    Marcin Gajewski
    Please assign points for useful answer.

  • Technical Advantages of using SAP

    Hi,
    I want to know technical advantages of using SAP in detail.
    I mean, why people using SAP ( technically,i mean not in terms of reducing cost, time required to implement it...), what benefits they are getting!!!
    Thanks in advance!!

    Dear Neha,
    Visit http://www.sap.com/about/index.epx
    Integration between different modules in SAP.
    Support of various industry solutions.
    Support of different business processes.
    Industry specific and cross-industry best practice packages.
    Support of governance, risk, and compliance.
    Business to business and application to application integration.
    Easy data migration from other legacy systems.
    Knowledge warehouse.
    Architecture.
    Support of business workflow.
    Support of warehouse solutions.
    Support of integration solutions.
    Support of Industry standards such as WSDL, XSD, and BPEL etc.
    Availability of standard reports, transactions, classes, methods, layouts etc.
    Enhancing capability.
    Archiving.
    Administration framework.
    Support framework.
    Notification engine and alert framework.
    Visit [SAP NetWeaver by Key Capability|http://help.sap.com/saphelp_nw70/helpdata/en/30/c4461ff69d5a438f1286e344b545fa/frameset.htm]
    Visit [benifits of using ERP|http://ezinearticles.com/?Benefits-of-Using-SAP-and-ERP-For-Your-Business&id=1762308]
    Regards,
    Naveen

  • What are the advantages of using SAP PP-REM?????

    Hi,
    Can anybody tell me the advantage of using Repetitive Manufacturing. How it will help a particular industry if implemented.
    I want to know advantages involved in
    Planning (MRP, Capacity),  Product Cost Controlling,
    WIP calculation, variance Calculation
    if SAP PP-REM is implemented
    Pavan

    Hello Friend ,
    PP REM has advantages following advantages-
    Purpose
    This component can be used for production planning and control in a repetitive manufacturing environment- ie the same product is manufactured repeatedly on the same production line.
    You can use repetitive manufacturing as either make-to-stock REM or make-to-order REM such as in the automotive industry, for example.
    The goals of repetitive manufacturing are the following:
    Creation and revision of production quantities on a period and quantity basis (reduction in individual lot and order-specific processing).
    Reduction in the production control effort and simpler backflushing tools(with the option of using the full scope of the PP functionality).
    Implementation considerations
    You can implement Repetitive Manufacturing if the following is true of your production process:
    You produce the same or similar products over a lengthy period of time.
    You do not manufacture in individually defined lots. Instead, a total quantity is produced over a certain period at a certain rate per part-period.
    Your products always follow the same sequence through the machines and work centers in production.
    Routings tend to be simple and do not vary much.
    Hope this info helps u. Award points if benefitted.
    Hemant

  • What are the advantages of Using SAP ?

    what are the advantages of SAP when compared to other technologies?
    what are the basic advantages of SAP

    SAP's R/3, introduced in 1992, is the most used ERP system in the world.
    The R/3 software package is designed to allow businesses to effectively and efficiently operate a variety of business processes within a single integrated information system.
    The software is customizable using SAP's proprietary programming language, ABAP/4. R/3 is scalable and highly suited for many types and sizes of organizations and runs on six different platforms.
    SAPu2019s R/3 has been designed to be the best ERP system in the four areas of human resources, financial, supply chain management, and marketing. R/3 is also an international product, and meets the local fiscal, language, and tax requirements of most countries.
    SAPu2019s R/3 is very versatile, as it will operate on six different platforms, including the recently added Microsoft NT.
    The R/3 package includes several very attractive features like it has a three-tier client/server system. Providing three tiers offers scalability and easier adaptation to the specific needs of large companies and fast-growing companies.
    SAPu2019s R/3 is available in 14 different languages (German, English, Spanish, etc.) and also incorporates multiple currency features that provide essential information processing capabilities for multinational corporations.
    R/3u2019s modules are organized by the functional areas of financial, human resources, supply chain management, and marketing. While information is entered separately for each specific module, the modules are fully-integrated and provide real-time applications. This means that data entered into one module is immediately and automatically updated and reflected in all oft the functional areas.
    R/3 is composed of a single, virtual file structure with no subsystems.
    In addition, SAP has released u201CMySAP.comu201D which is software that provides for data interaction and processing connections with the Web.
    Financial and managerial accounting tools in SAP R/3 are contained in the financial accounting (FI) and the controlling (CO) modules. The General Ledger function in the FI module provides a comprehensive record of all information needed for external financial reporting. The accounting data is complete and accurate because the SAP system fully integrates all business transactions that were entered from all the operational areas of a company. In addition to the FI and CO modules, the SAP system includes the Investment Management (IM), Sales and Distribution (SD), Materials Management (MM), and Human Resources (HR) modules.
    Management accounting tools in SAP R/3 are cost center accounting, internal orders, product costing, and activity based costing, profitability analysis and profit center accounting.
    SAP R/3u2019s accounting features are modeled on German approaches to accounting, and thus they are well-organized and very efficient in processing accounting information and providing accounting statements and financial reports.
    As stated previously, R/3 offers multiple currency features and a three-tier system that is capable of meeting very high demands from the accounting system for either transaction processing or financial reporting.
    SAP was the first to implement integrated treasury capabilities. This attractive feature allows a corporate treasury department to function as an in-house bank by automating the control of cash flow, investment trades, and portfolio management.
    R/3 provides check writing capability in its Accounts Receivable component which very few other programs offer.
    Additionally, there is equal access to all data in the system. This means that personnel can access financial data directly from a computer screen rather than physically meet with the treasurer, controller, or some other similar person. In other words, R/3 offers real-time, immediately updated reporting.
    R/3 also provides for a "single data entry point" where the data entered from any location is instantly sent to all other appropriate modules in the ERP system.
    The accounts payable component of SAP R/3 contains four types of transaction blocks namely:
    ● The audit block● The receiving block● The vendor block● A manual block
    These blocks make it much less likely that improper payments will occur.
    SAP R/3 is organized with the concept that a business operates as a series of processes, which means that the company implementing R/3 may have to change and reorganize itself to properly fit with R/3 and use it effectively.

  • Advantage of using SAP product over third party products

    Hi All,
    I want to know whether there is any advantage of creating SAP product over the third party products in SLD.And if we want to remove Product at later stage can we do that ?
    Thanks,
    Amit

    Hi Amit,
    Are you talking about creating an SAP product under SLD? For client developements it is suggested to create only 3rd party products in SLD for developing the interfaces.
    VJ

  • What are the advantages to using SAP Dynamic Documents?

    Sorry, didn't realize I had this post in the Objects forum. Posting this in ABAP General.
    Posted: Dec 6, 2010 11:58 PM
    Hello,
    Are there any advantages like portability and others to using dynamic documents rather than list programming.
    The SAP provided classes have not been much used by any other SAP delivered programs, and there is less than 10 subclasses. A method CL_DD_DOCUMENT->ADD_STYLE, apparently to add style sheets, has related code commented out. The class CL_DD_STYLE_CLASS, has no methods. And we are with NetWeaver 7.0.
    Is dynamic documents something that got left hanging midway, and probably not going to have further developments?
    Would you suggest proceeding with dynamic documents for reports, would appreciate your input.
    Thank you.
    Posted: Dec 8, 2010 7:45 PM 
    Just in case, if some of you haven't read this thread, would appreciate your replies and suggestions.

    I had moved it to the objects forum because it seemed more object oriented.
    However, if you want it here, I will leave it. I have also removed the other thread.
    Rob

  • Advantage of using SAP XI over webservices to interact with Biztalk

    HI everyone,
    We have biztalk as integration tool. I would like to know is it feasible to implement Biztalk with SAP XI to communicate with our SAP ECC server. I heard it will be over weight to use both Biztalk and SAP XI coz each will have its own message box and leads to more process time. So we are planning to use Biztalk with SAP webservices. So please let me know which is better as cost wise and work wise biztalk with SAP XI or Biztalk with SAP Web services.
    SAP Guys please take some time to provide some useful information. it will be much appreciated.
    cheers
    ram

    Ram,
    This is a contentious issue.
    In principle a middleware to middleware integration is against the basic ideas of EAI. We need to integrate applications and not middlewares, but in reality this is in most cases an inevitable situation.
    This blog discusses a similar middleware- middleware integartion ( XI and WebMethods) . Use the tips and tricks in this blogs to understand the issue you need to address , etc,
    /people/abhy.thomas/blog/2007/04/19/sap-xi--webmethods-integration-150-challenges-and-migration-strategies
    Regards
    Bhavesh

  • SAP FICO --- iDoc ---- SM35 problem

    Problem: We are currently using SAP R/3 E1P and sending invoicing material from different ERP system to it and using SM35 to solve possible problems (wrong accounts, zero invoices etc.) in transfer. Now we are planning to start using SAP Fico in company group and changing interfaces to use iDoc. Sap consultants argue that it is impossible to use SM35 with iDoc....
    Is that really so? Hopefully someone can help...

    Hello, Napotto,
    SM35 is for processing of batch input recordings/sessions, which is something completely different from idocs. So yes, your consultants are right, you cannot process incorrect idocs with SM35
    However, there are another transactions for idocs monitoring and reprocessing (BD87, WE02), so you still will have the tools for data/interface corrections, even if at the beginning you will probably found it not so simple and user-friendly as SM35; your consultant should provide you with neccessary training.
    Kind Regards
    TomT

  • Advantages of using BPR in an SAP project

    Hi
    Could anyone tell me what are the advantages and significance of using the Business Process Respository (BPR) while starting an implementation Project (or template project). Lets say as opposed to NOT using the BPR. What are the pros and cons of the two approaches? And how reliable are these BPR contents?
    Appreciate your answers
    Drake

    Hi Drake,
    BPR comes from SAP and delivered via Software Component ST-ICO. Periodically, SAP keeps upgrading this component and in my view, one of the best enablers of Solution Manager.
    From a Project point of view, if you use BPR provided content, at Scenario, Process level, it inherits all 'associated' assignments, like Transaction Codes, IMG nodes relevant for a given Process Step. Also, it loads any other accelerator documents from SAP in General Documentation Tab.
    These contents are helpful for Business Process Monitoring (BPM) too when you want to 'inherit' the Processes and Process Steps defined in Project into Solution. There are standard metrics that SAP provides for process steps in BPM that would be more easily compatible if a project had got the same terminology.
    BPR, however, isn't as comprehensive as we may like it to be. It's rich on some areas and frugal on certain others.
    In terms of 'reliability', well there is no specific aspersions that could be cast  on it
    If it's rich, it's visible and useful; where it's not good enough, we can always add some content and still make some good use of it.
    Another advantage of using BPR is that when a new version of BPR is downloaded and applied, using SA_PROJECT_UPGRADE transaction, the system will offer a chance to see areas which are impacted by a change and those can accepted in SOLAR01/02.
    So, BPR-led content can always be kept up-to-date.
    In my personal experience, I have realised that 2 consultants can easily have 4 opinions! On ever fluid concepts like Scenario, Processes etc. to attain a convergence of thoughts and minds is a difficult proposition. BPR allows for a project to close the gap and adopt SAP ways of definition and helps jump-start the project. The time saved is better used in value added areas or in rigorous testing and training !
    The only firms/ projects which may want to shy from BPR could  be those:
    - who have a fairly well established vocabulory of defining their day to day processes and where retrofitting SAP definitions can be counter productive
    - who have traditionally used advanced platforms like ARIS or other tools
    - who work in industries inadequately represented by SAP
    Best regards,
    Srini

  • Advantages of using laster printers for SAP SCRIPTS

    Dear Friends,
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    <b>Wht are the advantages of using laser printers for SAP Scripts and wht are the disadvantages of using Dot-matrix printer.</b>
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    Dear Friends,
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  • Advantages of using laser printers for SAP SCRIPTS compare to Dot matrix

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    <b>Wht are the advantages of using laser printers for SAP Scripts and wht are the disadvantages of using Dot-matrix printer.</b>
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    Hussain

    Dear Friends
    <b>Wht are the advantages of using laser printers for SAP Scripts and wht are the disadvantages of using Dot-matrix printer.</b>
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  • What is advantage of using Visual Composer In SAP

    Hi friends,
    please tell me what is advantage of using visual composer in SAP.
    and please give me basic notes to understand Visual Composer.
    I Don't have any idea about this topic.
    please help me.
    Thanks & Regards,
    Yogesh

    Hi Yogesh,
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    Go through the following links:
    Getting Started with Visual Composer for SAP NetWeaver 7.0 [original link is broken]
    https://www.sdn.sap.com/irj/servlet/prt/portal/prtroot/docs/media/uuid/6cb05174-0701-0010-448b-caf8c6fcc97a
    https://www.sdn.sap.com/irj/servlet/prt/portal/prtroot/docs/library/uuid/2e254377-0c01-0010-9787-b285e9af529f
    https://www.sdn.sap.com/irj/servlet/prt/portal/prtroot/docs/library/uuid/ceea45f3-0c01-0010-049c-c2b001f590fb
    Reward points if helpful.
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    Renuka.

  • Advantages of using XSLT mapping

    Can any one explain me the advantages of using XSLT mapping compare to graphical.java and abap mappings

    Hi
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    /people/udo.martens/blog/2006/04/26/xslt-recursive-templates
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    Sample XSLT mapping required
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    /people/prasadbabu.nemalikanti3/blog/2006/03/30/xpath-functions-in-xslt-mapping
    /people/sreekanth.babu2/blog/2005/01/05/design-time-value-mappings-in-xslt
    /people/anish.abraham2/blog/2005/12/22/file-to-multiple-idocs-xslt-mapping
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    /people/r.eijpe/blog/2005/11/04/using-abap-xslt-extensions-for-xi-mapping
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    http://help.sap.com/saphelp_nw2004s/helpdata/en/8a/7672f7d7e444439fd7024f806221a4/content.htm
    Hope this will help
    Regards
    Piyush
    **reward points if found useful.

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