SAP FICO is an important core functional component in SAP ERP Central Component that allows an organization to manage all of its financial data. SAP FICO consists of two sections, SAP FI(Financial Accounting) and SAP CO (Controlling). Specifically, the purpose of SAP FICO is to help companies generate and manage financial statements for analysis and reporting, as well as to aid in effective business planning and decision-making.
SAP FI and SAP CO were originally released as separate modules but are now so tightly integrated that many people refer to them as simply one module.
SAP FICO also integrates with other SAP Logistics modules, including Sales and Distribution (SD), Production Planning (PP), Plant Maintenance (PM), Quality Management (QM), and Materials Management (MM).
