Job Outlook for an SAP FICO Consultant

by Vikas Yadav marketing

Job Outlook for an SAP FICO Consultant

Job Outlook for an SAP FICO Consultant has been growing with immense popularity. In any organization, finance and accounting turn out to be important processes, which require flawless management skills. For the successful financial and accounting operations effectively and efficiently, SAP has offered an SAP FICO which consists of two main modules, including SAP FI (Financial) and SAP CO (Controlling). The software conduct all the financial transactions, in addition to controlling and reporting activities easily. Easy to integrate a tool for the SAP FICO modules with other modules such as distribution, sales, and material management can also address various issues like Accounts payable, Bank Accounting, General ledger, Account Receivable, etc. most organizations have started implementing the SAP FICO module looking aggressively for proficient experts to work with the SAP FICO module.

Honing the skills

Learning the SAP FICO Consultant job role from a reputed institute like SSDN technologies will be helping a lot in the future. There is a high demand for SAP FICO consultants. The candidates who wish to start as SAP FICO consultants should know roles and responsibilities, salary structure, job titles.

Educational Background:

To start as an SAP FICO consultant, a candidate must hold Bachelors’s or Master’s degree in any domain. It serves as an added advantage if a candidate has at least a year of experience in SAP FICO modules, including Internal Orders, Account receivable, Account Payable, Cost and Profits Center Accounting, and General Ledger. In addition to that, a candidate must possess sound knowledge or experience in implementing a full cycle of SAP R3. a candidate experienced in the project preparation stage t will give in-depth knowledge about the SAP ERP system. There is a need to be acquainted regarding SAP Financial Accounting and Controlling, business and banking domain knowledge, communication, and interpersonal skills.

Job Titles in SAP FICO

The various job titles for SAP FICO are:

SAP FICO Consultant
BI and reporting professionals
Project Managers
IT developers and tester
Data Analysts
Data Scientists

Roles and Responsibilities:

The SAP FICO consultant ensures designing, building, and deploying SAP-based ERP solutions. Also, they provide solutions like leading analysis and design in the SAP FI/CO area in close cooperation with the client’s finance team. The teams ensure conducting structured testing internally and with users, stabilization of the solution, and continuous improvements.

Responsibilities of Consultant include:

Understanding the business requirement
Preparation of blueprint.
Implementation of the project.
Finalizing the requirements of the report.
Executing any changes.
Providing training to the end-user.
Sorting out day-to-day queries.
Enhancement of the SAP.
Executing SAP Business Warehouse (BW).
Guiding other consultants
Financial configuration.
Training the recruits as well as the end-users.
Offering support in the testing process.
Connecting opportunities pertaining to the business system enhancement.
Attending meetings with the client.
Gathering information on their current business processes.
Gathering information on business requirements.
Data Mapping
Gap Analysis
Functional testing and Integration Testing.
Configuring Global settings and Enterprise structure settings.
Configuring G/L, A/P, A/R, Asset Accounting.
Preparing the End-user training Document.
Preparing workflow as a sequence of business processes flow.
Production support.

Salary for SAP FICO consultant:

SAP FICO is one of the demanding modules in the IT industry. Plenty of job opportunities in this particular field is there. SAP FICO consultant plays a vital role in any IT industry for implementing and configuring the system based on business requirements. Also, the roles they play include improving processes and new opportunities. The average salary for an SAP FICO consultant ranges from $78,334 per year for Business Analyst to $159 626 per year for an SAP Project Manager. The average salary of an SAP FICO consultant in India is ₹583,000 per year.

Final words

If you want the advancement in your career as the Best SAP Course in Gurgaon, grab the opportunity of joining SSDN technologies today and get the advanced knowledge making you a proficient member.