At the heart of every SAP ERP implementation lies SAP FICO, the robust financial backbone that ensures accurate reporting, real-time visibility, and seamless integration across the enterprise.
 

At PraVik Technologies, we bring deep expertise in SAP Financial Accounting (FI) and Controlling (CO) modules, helping businesses achieve financial transparency, regulatory compliance, and cost optimization.

 

What is SAP FICO?

SAP FICO is the core module in SAP that enables companies to manage and report on financial data. It consists of two main components:

• SAP FI (Financial Accounting): Manages company-wide financial accounting and external reporting (balance sheet, P&L, taxation).

• SAP CO (Controlling): Focuses on internal cost tracking, profitability, and managerial reporting.

 

Key Functionalities Covered

 

✅ SAP FI – Financial Accounting

• General Ledger (GL) Accounting

• Accounts Payable (Vendor Management)

• Accounts Receivable (Customer Management)

• Asset Accounting

• Bank Accounting & Electronic Bank Reconciliation

• Taxation (GST, VAT, Withholding Tax, etc.)

• Financial Statements & Reporting

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✅ SAP CO – Controlling

• Cost Center and Profit Center Accounting

• Internal Orders and Project Cost Tracking

• Product Costing and Material Ledger

• Profitability Analysis (CO-PA)

• Activity-Based Costing

• Budgeting & Forecasting

• Integration with SD, MM, PP modules

 

 

Our SAP FICO Services

At PraVik Technologies, we don’t just implement FICO—we optimize it for your industry and business model.

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1. Greenfield & Brownfield Implementations

• Design and deployment of full FICO solution from scratch

• Migration from legacy ERP or ECC to S/4HANA Finance

• Integration with other SAP modules and third-party tools

 

2. FICO Process Optimization

• Streamlining of financial close process

• Optimization of reconciliation and reporting cycles

• Intelligent automation using Fiori, RPA, and BTP extensions

 

3. Regulatory Compliance & Localization

• Country-specific tax and statutory reporting (India, UAE, US, EU, etc.)

• Digital compliance with e-invoicing, GSTN, TDS, etc.

• IFRS and GAAP support

 

4. S/4HANA Finance Innovations

• Universal Journal (ACDOCA) implementation

• Real-time profitability and cost analysis

• Group Reporting and Central Finance readiness

• SAP Fiori dashboards and embedded analytics

 

5. Training & Support

• Role-based FICO training for end-users and finance teams

• Support services for month-end closing, configuration, and enhancements

• Functional specs, SOPs, and audit documentation

 

Why Choose PraVik for SAP FICO?

• ✔️ Deep experience across industries (Manufacturing, Retail, Services, etc.)

• ✔️ Expert consultants with 15+ years in SAP Financials

• ✔️ End-to-end understanding of business + finance + systems

• ✔️ Ability to integrate FICO seamlessly with MM, SD, PP, HR, and EWM

• ✔️ Strong compliance and localization expertise

• ✔️ Scalable solutions for enterprises of all sizes

 

Let’s Make Finance a Strategic Advantage

With SAP FICO, your organization can analyze profitability, control costs, and ensure financial integrity. With PraVik Technologies, you can do it faster, smarter, and with complete confidence.

👉 Ready to strengthen your finance backbone? Let’s talk SAP FICO.