SAP FI/CO DEMO CLASS

SAP Beginner tutorial we covered some of the basic fundamentals of sap modules, SAP is the
most popular enterprise business system used by the biggest organisations in the world to help
run their companies. The introductory topics is designed for beginner to learn SAP and will
teach you the basics of the SAP system. Thereafter once you have better knowledge you will be
comfortable working with the most commonly-used functions and features of SAP.
In the beginner SAP class, you will have to learn the basis of SAP system, to learn how to
configure, navigate, search, and get help. The sap beginners class you will get a thorough
Overview of the various core modules in SAP, and to learn how to customize the interface to
your own requirements.
We will look many of the characteristics and functions of SAP including its various modules for
sap beginners, history and where SAP is projected to go in the future. Most of you may be new
to SAP software and others may have some prior experience with it, however, you should know
this sap beginners training class provide consultants, developers with comprehensive
introduction into the world of SAP.
So lets start sap
SAP stands for “Systems Applications and Products” this technology
is used nowadays in MNC’s like Microsoft and IBM. Initially SAP was
found by employees of IBM in 1972. SAP is a German multinational
software company known for making enterprise resource planning
(ERP) software. ERP software allows organizations to manage business
operations, and usually refers to suite of modular applications that
collect and integrate data from different aspects of the business. The
external reporting profit and loss statements and balance sheets is done
by the best financial accounting feature of SAP. Many businesses like
sales, human resource and materials management can enhance their
financial accounting by SAP FICO.
SAP FICO is a module used for reporting both externally and internally.
The objective is to record all financial transactions that are posted by an
entity and produce financial statements which are accurate at the end of
the trading period. This tutorial is going to explain the major
functionalities with SAP FI module.
What is ERP?
ans. ERP stands for “enterprise resource planning―. The definition of enterprise resource planning is
an integrated software solution used to manage a company’s resources. ERP systems integrate all
business management functions, including planning, inventory/materials management, engineering, order
processing, manufacturing, purchasing, accounting and finance, human resources, and more.

Why implement an ERP system?

ans. ERP software integrates all departments and functions across a company onto a single computer
system that can serve all those different departments' particular needs. ERP combines finance, HR,
manufacturing and distribution all together into a single, integrated software program that runs off a single
database so that the various departments can more easily share information and communicate with each
other. This integrated approach can have a tremendous payback provided the software is installed and used
correctly.

Q. What are the benefits of an ERP System?

ans. The benefits derived from ERP can far outweigh the costs of the system, providing that the system is
selected carefully and is appropriate for your company from a feature, cost, and technology
standpoint. Some of the benefits realized are:

 A single integrated system

 Streamlining processes and workflows
 Reduce redundant data entry and processes
 Establish uniform processes that are based on recognized best business practices
 Information sharing across departments
 Improved access to information
 Improved workflow and efficiency
 Improved customer satisfaction based on improved on-time delivery, increased Quality, shortened
delivery times
 Reduced inventory costs resulting from better planning, tracking and forecasting of reQuirements
 Turn collections faster based on better visibility into accounts and fewer billing and/or delivery
errors
 Decrease in vendor pricing by taking better advantage of Quantity breaks and tracking vendor
performance
 Track actual costs of activities and perform activity based costing
 Provide a consolidated picture of sales, inventory and receivables

An ERP system provides the solid operational backbone manufacturers and distributors need to improve the
volume of production and fulfillment of orders while reducing costs. By optimizing your manufacturing and
distribution operations with ERP, you'll also be able to focus on new business opportunities.