SAP FICO lets you run your business with increased visibility, continuity and control.

SAP FICO serves as a strong foundation deeply rooted in the enterprise environment. FICO lets enterprises extract information from all areas of the business to provide a single source of truth. 

SAP FICO provides all the reliability, security, governance and basic accounting capabilities needed for enterprise CFOs to not only run their businesses, but to do so while remaining compliant and providing data to everyone in the enterprise.

SAP FICO Solutions 

FI (Financial Accounting) and CO (Controlling) are the core modules of SAP FICO. They are tightly integrated with the other SAP modules such as MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), PM (Plant Maintenance), and PS (Project Systems). The FI Module also integrates with HR (Human Resources) which includes PM (Personnel Management), Time Management, Travel Management, Payroll.

SAP Financial Accounting (FI) is the module where all the financial processing transactions are captured. This is the module that is used to create statutory Financials Statements for external reporting purposes. 

Main functions in SAP FI:

  • General Ledger Accounting (G/L)
  • Accounts Receivable (AR)
  • Accounts Payable (AP)
  • Fixed Asset Accounting (AA)

The SAP Controlling module helps provide operational information to the management of a company to support business analysis and decision-making.  CO represents the internal accounting viewpoint of an organisation. It provides information to managers to help manage costs and operations of the organisation.

The SAP Controlling (CO) Module’s Components are: 

  • Cost Element Accounting 
  • Cost Controlling 
  • Cost Centre Accounting 
  • Internal Orders 
  • Activity-Based Costing 
  • Product Cost Controlling 
  • Profitability Analysis 
  • Profit Centre Accounting 

Velocity Industry Specific SAP FICO Solutions

Velocity’s SAP FICO experts understand the complexities and challenges of statutory reporting involved in multinational projects and deliver SAP FICO solutions for a vast range of industries, including:

  • Automotive
  • Manufacturing
  • Engineering, Construction & Operations
  • Industrial Machinery & Components
  • High Tech
  • Defence & Security

Why Velocity?

Drawing on decades of SAP implementation experience, Velocity’s SAP FICO consultants are able to configure the SAP system of your choice for your enterprise’s unique set of requirements. Enterprises are able to realise the full potential of their SAP applications with our consultants’ industry and SAP best practice expertise. Embracing

Velocity’s founding value of innovation, our team is never afraid to offer unique solutions to help enterprises differentiate themselves in the marketplace and gain a competitive edge. It is our commitment to help enterprises achieve their maximum ROI when engaging our services.

Velocity delivers an unsurpassed customer experience for running SAP applications in the cloud. 

Want to take advantage of the flexibility and cost advantages of our VCAMP?

Our Velocity Cloud Application Management Platform (VCAMP), is secure, scalable, and most importantly, optimised for SAP and other enterprise applications. Velocity’s SAP hosting delivers exceptional speed, with the availability and control to ensure reliable, audit-worthy enterprise application performance. In fact, Velocity is an SAP Certified Partner in Hosting, with a rating of “Excellent.” 

Can Velocity help my organisation migrate to SAP HANA®?

Yes, whether you are planning to deploy SAP HANA via a virtual environment, Multiple Components on One System (MCOS), Multiple Components on One Database (MCOD), or Multitenant database containers, Velocity can help. A 2-4 week Velocity Project Compass engagement with Velocity will provide a detailed business case, measurable objectives, a resource plan, a quote, and a project plan for leveraging SAP FICO in our environment or yours. 

Do you offer data archiving services for SAP applications?

Yes. Velocity can assist by defining business rules, identifying the data for archiving, performing an impact analysis, ensuring compliance with legal requirements, and installing and configuring the purchased Archiving Software solution. An SAP HANA migration can also provide its own compelling benefits for data archiving. 

Wondering how your systems will stay up to date?

Velocity is SAP Certified in Application Management Services.  Application lifecycle support is part of our service, so your SAP deployment is always current. Our services include unlimited patching and the management of major and minor upgrades, including retrofit of customisations to the applications. Velocity lifecycle support also includes ongoing hardware refreshes and platform upgrades. 

Wondering how your concerns will be handled by our team?

To ensure a superior customer experience, Velocity assigns highly-knowledgeable customer support staff to each customer. We invest significantly in training and development to ensure our team offers ready-access to expertise in the SAP applications you entrust to us.  

Need to shore up the resiliency of your IT environment?

Velocity’s Managed Disaster Recovery Services include regular testing, giving you proof and confidence that your IT environment is recoverable at the speed of your business.

Looking for ways to get more out of your SAP application?

You'll want to watch this on-demand webinar with EIS Director of SAP Doug Morris, Velocity VP of SAP Ravi Padmanabhan and AWS Solution Architect Bill Timm as they share insights to help users optimize their SAP environments.

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