{"id":53879,"date":"2022-07-20T08:14:24","date_gmt":"2022-07-20T06:14:24","guid":{"rendered":"https:\/\/www.pikon.com\/?p=53879"},"modified":"2025-11-21T11:21:56","modified_gmt":"2025-11-21T10:21:56","slug":"how-sap-fi-co-can-improve-your-business-decision-making","status":"publish","type":"post","link":"https:\/\/www.pikon.com\/en\/blog\/how-sap-fi-co-can-improve-your-business-decision-making\/","title":{"rendered":"How SAP FI-CO can improve your business\u2019 decision-making"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53879\" class=\"elementor elementor-53879\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f0a3f7c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f0a3f7c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-571a5d4\" data-id=\"571a5d4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-448f93b elementor-widget elementor-widget-text-editor\" data-id=\"448f93b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In order to generate more benefit, your company\u2019s efforts should be aimed at value-adding activities. Far too often, a business\u2019 decisions are being bogged down by (compliance) issues and a focus on short-term problem-solving. Hence, there is an ever-growing need for data structuring and visualization within the business. SAP ECC and SAP S\/4HANA have come up with a solution to this need: the FI-CO modules.<\/p><p>In what follows, I will explain to you why these modules ought to be the financial basis for your company\u2019s strategic decision-making. The main focus will be on the CO module and its potential benefits for your business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3299cb7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3299cb7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-174cccf\" data-id=\"174cccf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-87278da elementor-widget elementor-widget-heading\" data-id=\"87278da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is FI-CO?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-66637d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"66637d4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60ea35e\" data-id=\"60ea35e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f32a13 elementor-widget elementor-widget-text-editor\" data-id=\"8f32a13\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-preserver-spaces=\"true\">`FI-CO\u00b4 is a combination of two SAP modules: `Financial Accounting\u00b4 (FI) and `Controlling\u00b4 (CO). Both modules allow you to integrate data from other SAP modules (e.g. Sales and Distribution, Production Planning) into structured reports.<\/span><\/p><ul><li><strong><span data-preserver-spaces=\"true\">Fi<\/span><\/strong><span data-preserver-spaces=\"true\">nancial Accounting is a module that, among other things, helps to generate the financial statements of a company (e.g. Balance sheet, P&amp;L). It is used for external reporting purposes.<\/span><\/li><li><span data-preserver-spaces=\"true\">The\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Co<\/span><\/strong><span data-preserver-spaces=\"true\">ntrolling module is used for internal reporting. It provides a company\u2019s management with supporting information for planning and performance management.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6033d13 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6033d13\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebef4c3\" data-id=\"ebef4c3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8689618 elementor-widget elementor-widget-heading\" data-id=\"8689618\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the benefits of the SAP Controlling module?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-39c87db elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"39c87db\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05fa4bb\" data-id=\"05fa4bb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-544ec2d elementor-widget elementor-widget-text-editor\" data-id=\"544ec2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-preserver-spaces=\"true\">The SAP CO module could offer several advantages to your organisation, including:<\/span><\/p><ul><li><span data-preserver-spaces=\"true\">An efficient, effective, and consistent controlling environment which improves long-term decision-making<\/span><\/li><li><span data-preserver-spaces=\"true\">Standardized and sustainable business processes across the organization allow you to take advantage of best practices<\/span><\/li><li><span data-preserver-spaces=\"true\">Data integration across various SAP modules that could help you in finding critical improvements within different areas of your organisation<\/span><\/li><li><span data-preserver-spaces=\"true\">The ability to reconstruct your business hierarchy and processes in SAP CO allows detailed tracking and analysis of your performance (see below, `cost centre accounting\u00b4)<\/span><\/li><\/ul><p><span data-preserver-spaces=\"true\">Furthermore, the SAP Controlling module contains a variety of components, which in turn offer various advantageous functionalities as well. Below are some examples:<\/span><\/p><p><strong>Cost Element Accounting<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">This component creates structure in your<\/span><strong><span data-preserver-spaces=\"true\">\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">company&#8217;s accounting by providing an overview of the different costs and revenues incurred during a period (the Profit and Loss statement). As so-called primary cost elements can be linked to General Ledger accounts, cost element accounting helps to reconcile the Finance and Controlling modules. Internally, cost elements equally allow classifying costs and revenues to management accounting controlling objects such as cost centres (discussed below).<\/span><\/li><\/ul><p><strong>Cost Center Accounting<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">This component provides information on the costs made by an individual business department or functional area (a so-called \u2018cost centre\u00b4). Cost centres structure an organization by responsibility, and can be arranged in a hierarchy. <br \/><\/span>For example, different cost centres could be created for the marketing, accounting, production, and legal department.<\/li><\/ul><p><strong>Internal Order Management (part of Overhead Cost Management)<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">Internal orders are used for short-term projects. In contrast to cost centres, internal orders do not reflect the organizational structure. Instead, they represent a variety of projects such as &#8216;Software implementation&#8217;, &#8216;Build of a new warehouse&#8217;, etc.<\/span><\/li><\/ul><p><strong>Product Costing<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">This component is mainly focused on planning and controlling the costs of your (manufactured) products and services. The collected information can be used for production cost controlling, price setting, inventory valuation, profit analysis, etc.<\/span><\/li><\/ul><p><strong>Profitability Analysis (CO-PA)<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">This component supports the decision-making by providing an analysis of the profitability of a product, customer group, project, strategy&#8230; Data can be moved to CO-PA to extract responses to questions such as `Who are my customer groups experiencing the strongest growth? Has my department reached its sales targets? What effect does a change of strategy have on my revenue numbers?\u00b4<\/span><\/li><\/ul><p><strong>Profit Center Accounting<\/strong><\/p><ul><li><span data-preserver-spaces=\"true\">Profit centres maintain all data related to the profit of an area within the company (functional area, regional area, product line\u2026). Unlike cost centres, they deal with information on both costs and revenues and have a greater area of influence. While profit centres directly focus on profit generation, cost centres only have a direct link to cost controlling.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7419643 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7419643\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f3c02b1\" data-id=\"f3c02b1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1563b0f elementor-widget elementor-widget-heading\" data-id=\"1563b0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How PIKON can help you implement SAP FI-CO into your organisation?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22cb9b5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22cb9b5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7cf5795\" data-id=\"7cf5795\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4cd11d5 elementor-widget elementor-widget-text-editor\" data-id=\"4cd11d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With every SAP implementation, it is important to start by understanding the organisational structure and processes of your company, as this will be our guide in determining the setup of your system.<\/p><p>We at PIKON have experience in this field. If you would like to see a presentation on how it is done in the SAP system, feel free to contact us and learn how SAP FI-CO can structure your financial transactions. Together we&#8217;ll dive into our SAP S\/4HANA system and show you a system demo of all functionalities. Furthermore, we also share our project experiences.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e369bf9 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"e369bf9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1803972\" data-id=\"1803972\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-da7abe4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da7abe4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-43e7b90\" data-id=\"43e7b90\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38a1c14 elementor-widget elementor-widget-heading\" data-id=\"38a1c14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contact us!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca917d6 elementor-widget elementor-widget-text-editor\" data-id=\"ca917d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you have any questions about the SAP FI-CO modules, do not hesitate to request more information or leave a comment in the comments section below.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ead99a3 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default\" data-id=\"ead99a3\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-69bd309\" data-id=\"69bd309\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39f8577 elementor-widget__width-initial elementor-widget elementor-widget-pikon-author-box-widget\" data-id=\"39f8577\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pikon-author-box-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-widget-image-box elementor-position-left elementor-vertical-align-top\"><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" src=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2023\/08\/Tanja_Nikolaus-150x150.jpg\" alt=\"Tanja Nikolaus\" title=\"Tanja Nikolaus\" loading=\"lazy\"\/><\/a><\/figure><div class=\"elementor-image-box-content\"><div class=\"elementor-image-box-title\">Tanja Nikolaus<\/div><div class=\"elementor-image-box-position\">Customer Success Manager<\/div><div class=\"elementor-image-box-phone\"><a href=\"tel:+4968137962169\"><i class=\"fas fa-phone\"><\/i> +49 (0) 681 379 62 - 169<\/a><\/div><div class=\"elementor-image-box-mail\"><a href=\"mailto:tanja.nikolaus@pikon.com\"><i class=\"fa-fw far fa-envelope\"><\/i> tanja.nikolaus@pikon.com<\/a><\/div><div class=\"elementor-image-box-description\"><p><div class=\"activecampaign-inline-container \"><div class=\"activecampaign-inline-form\">[borlabs-cookie id=\"active-campaign-email-marketing-form\" type=\"content-blocker\"]<div class='_form_360'><\/div><script type='text\/javascript' src='https:\/\/pikon.activehosted.com\/f\/embed.php?static=0&id=360&6A806B7C1DFEF&nostyles=0&preview=0'><\/script>[\/borlabs-cookie]<\/div><div class=\"activecampaign-inline-button\"><a class=\"cta-button\" href=\"#\">more info<\/a><\/div><\/div><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SAP created the solution for the growing need for data structuring and visualization within businesses: the FI-CO modules.<\/p>\n","protected":false},"author":74,"featured_media":53967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[520,468,175],"class_list":["post-53879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","tag-controlling","tag-finance-accounting","tag-sap-s-4hana","no-featured-image-padding"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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