SAP Controlling
An ERP system module called SAP Controlling (SAP CO) was created by SAP to assist businesses in managing and keeping an eye on their internal expenses and procedures. It is an essential part of financial management, which focuses on monitoring and managing expenses, productivity, and profitability inside a company.
Here is a quick rundown of some important SAP controlling features:
Accounting for the cost element is keeping track of and controlling expenses and income. It facilitates monitoring the locations of expenses and their relationship to income.
Cost center accounting is concerned with keeping an eye on expenses across several departments or cost centers. It supports detailed planning, spending management, and budgeting.
Internal Orders:
These are used to monitor expenses related to particular tasks or endeavors. Cost management for ongoing or short-term initiatives is aided by internal orders.
The Profitability Analysis (CO-PA) component enables businesses to assess and examine the profitability of different market, product, and customer categories. For strategic planning and decision-making, it is essential.
Planning and Budgeting:
SAP CO facilitates thorough budgetary and planning procedures. It enables businesses to manage their finances, assign resources, and keep an eye on plan deviations.
Activity-Based Costing (ABC): This technique assists in dividing expenses among goods and services according to the activities that generate those expenses. It offers decision-makers more precise cost information.
Integration with Other Modules:
To guarantee a smooth information flow across various business processes, SAP CO connects closely with other SAP modules, such as SAP FI (Financial Accounting), SAP MM (Materials Management), and SAP SD (Sales and Distribution).
With the aid of SAP Controlling, businesses may boost cost control, strengthen financial visibility, and facilitate strategic decision-making.
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Job Description
Concerning the Client: Our client is a multinational corporation with its headquarters in Ireland that offers processing and consulting services. Experience: 6 years Place: Bangalore Proficiency in SAP CO Product Cost Controlling is a must. Controlling Product Costs – A solid grasp of machine learning methods and statistical analysis – Proficiency in utilizing data visualization software, like Tableau or Power BI Practical use of a range of machine learning methods, including clustering algorithms, decision trees, logistic regression, and linear regression – A strong understanding of data munging methods, such as data transformation, cleaning.
Job description
• Should have sound configuration knowledge of SAP S/4 HANA relevant master data, profit center accounting, cost element accounting, cost center accounting, internal order including budget and settlement processes, product costing and profitability analysis modules.
• Should have sound configuration knowledge of Material Ledger and actual costing functionalities.
• Should have sound configuration knowledge of cost center commitment, cost center planning, assessment cycle, distribution cycle, activity costing.
Roles & Responsibilities:
• Design, build, and configure applications to meet business process and application requirements using SAP CO Management Accounting.
• Collaborate with cross-functional teams to ensure the delivery of high-quality solutions.
• Develop and maintain technical documentation related to the application development process.
• Provide technical support and troubleshooting for applications developed using SAP CO Management Accounting.
Key Requirements:
Experience: Minimum 5 years in SAP FICO.
Implementation: At least one full-cycle SAP FICO implementation project.
Skills: Strong understanding of financial accounting (FI) and controlling (CO) processes.
Communication: Excellent verbal and written skills.
Job Description
Requirements – SAP CO
Location Bangalore Onsite
Duration 6 months Extendable
Relevant experience 8+
Rate Open
Total number of S/4HANA end to end implementations At least 3
Good knowledge in integrating with another module SD, MM, PP
Should have experience in Controlling Cost center accounting, Profit center
accounting & Internal Order, Activity base costing Should be able to support Monthly / Yearly Closing of Accounts.
Should have experience in implementation & support for Controlling module – Product Costing, Account based & Costing Based COPA and able to be resolved CO related issues.
Experience in preparation of Functional Specification and should have worked on Customized Reports.
Experience in manufacturing industries
Good communication skill Hindi and English.