FICO is the core module where all the financial processing transactions are captured. This is the module which is used to create statutory Financials Statements for external reporting purposes.

It deals in managing financial transactions within enterprises. This financial accounting module helps employees to manage data involved in any financial and business transactions in a unified system. This module functions very well for reporting requirements. The SAP FI module is very flexible and it functions well in any type of economic situation. Be it a smaller organization or a larger organization, SAP implementation also helps in consolidating data for diverse business transactions and legal requirements and the Financial Accounting module helps one to get real-time financial position of an enterprise in the market.