SAP FICO CONSULTANT at Techminds Group LLC

• Experience:

• 10+ years of experience as an SAP FICO consultant, with a focus on intercompany processes.
• Proven experience in intercompany billing, reconciliation, and eliminations within SAP FICO.

Strong background in configuring SAP FICO modules, with a particular emphasis on intercompany financial accounting and controlling functions

Objectives:

1. Optimize Intercompany Financial Processes:
0. Develop, configure, and support efficient intercompany processes within SAP FICO, including intercompany billing, reconciliation, and elimination for accurate financial reporting.
2. Ensure Compliance and Data Accuracy:
0. Align intercompany financial transactions with regulatory standards (IFRS, GAAP) and internal controls to support audit readiness and compliance.
3. Enhance System Integration and Workflow Efficiency:
0. Facilitate seamless integration of intercompany workflows across SAP FICO and related modules (such as SD, MM) to improve data accuracy, reduce reconciliation time, and support consolidated reporting.
4. Provide Expertise and Support for SAP FICO Users:
0. Act as a key point of contact for finance teams and end-users, ensuring they understand intercompany processes and can perform transactions accurately.

Tasks:

1. SAP FICO Configuration and Maintenance

• Configure and maintain SAP FICO modules, including General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), and Controlling (CO), with a focus on intercompany functionalities.
• Set up and manage intercompany billing, reconciliation, and elimination processes to meet the company's reporting and consolidation needs.

2. Intercompany Process Design and Optimization

• Design intercompany transaction flows, configuring billing, invoicing, and reconciliation processes to streamline intercompany interactions and reduce manual interventions.
• Develop and enforce best practices for intercompany workflows to ensure accuracy and compliance with accounting standards.

3. Integration with Other SAP Modules

• Collaborate with teams managing SAP modules such as SD (Sales and Distribution) and MM (Materials Management) to integrate intercompany transactions seamlessly across systems.
• Ensure the end-to-end data flow is consistent, accurate, and supports consolidated financial reporting requirements.

4. Troubleshooting and Issue Resolution

• Act as the intercompany subject matter expert within SAP FICO, providing technical and functional support for intercompany issues.
• Conduct root-cause analysis for discrepancies in intercompany transactions, performing testing and adjustments to maintain accuracy and compliance.

5. Data Governance and Quality Assurance

• Implement and enforce data validation and cleansing procedures to ensure intercompany data quality across GL, AP, and AR.
• Oversee system testing, including integration and user acceptance testing (UAT), to verify accurate intercompany data handling and reporting.

6. Compliance and Documentation

• Document intercompany processes, configurations, and customizations to support audit and compliance requirements.
• Establish policies for managing intercompany financial data to ensure compliance with IFRS, GAAP, and internal control standards.

7. User Training and Support

• Train finance users and end-users on intercompany processes within SAP FICO, developing training materials, user guides, and reference documents as needed.
• Provide ongoing support for users to ensure understanding and correct use of intercompany workflows and configurations.

8. Continuous Improvement and Process Optimization

• Identify and implement automation and process improvements in intercompany workflows to enhance efficiency and accuracy.
• Stay updated on SAP FICO and intercompany process best practices, applying updates and optimizations as needed to maintain peak performance.

9. Reporting and Monitoring Performance

• Monitor intercompany transaction performance and reconciliation cycles, identifying trends, issues, and opportunities for optimization.
• Provide regular status reports and performance metrics related to intercompany processes to finance and project stakeholders.
  
  
  
  
  
  • Experience:
  • 10+ years of experience as an SAP FICO consultant, with a focus on intercompany processes.
  • Proven experience in intercompany billing, reconciliation, and eliminations within SAP FICO.

  Strong background in configuring SAP FICO modules, with a particular emphasis on intercompany financial accounting and controlling functions

   

   

  Objectives:

  1. Optimize Intercompany Financial Processes:
  0. Develop, configure, and support efficient intercompany processes within SAP FICO, including intercompany billing, reconciliation, and elimination for accurate financial reporting.
  2. Ensure Compliance and Data Accuracy:
  0. Align intercompany financial transactions with regulatory standards (IFRS, GAAP) and internal controls to support audit readiness and compliance.
  3. Enhance System Integration and Workflow Efficiency:
  0. Facilitate seamless integration of intercompany workflows across SAP FICO and related modules (such as SD, MM) to improve data accuracy, reduce reconciliation time, and support consolidated reporting.
  4. Provide Expertise and Support for SAP FICO Users:
  0. Act as a key point of contact for finance teams and end-users, ensuring they understand intercompany processes and can perform transactions accurately.

   

  Tasks:

   

  1. SAP FICO Configuration and Maintenance

  • Configure and maintain SAP FICO modules, including General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), and Controlling (CO), with a focus on intercompany functionalities.
  • Set up and manage intercompany billing, reconciliation, and elimination processes to meet the company's reporting and consolidation needs.

  2. Intercompany Process Design and Optimization

  • Design intercompany transaction flows, configuring billing, invoicing, and reconciliation processes to streamline intercompany interactions and reduce manual interventions.
  • Develop and enforce best practices for intercompany workflows to ensure accuracy and compliance with accounting standards.

  3. Integration with Other SAP Modules

  • Collaborate with teams managing SAP modules such as SD (Sales and Distribution) and MM (Materials Management) to integrate intercompany transactions seamlessly across systems.
  • Ensure the end-to-end data flow is consistent, accurate, and supports consolidated financial reporting requirements.

  4. Troubleshooting and Issue Resolution

  • Act as the intercompany subject matter expert within SAP FICO, providing technical and functional support for intercompany issues.
  • Conduct root-cause analysis for discrepancies in intercompany transactions, performing testing and adjustments to maintain accuracy and compliance.

  5. Data Governance and Quality Assurance

  • Implement and enforce data validation and cleansing procedures to ensure intercompany data quality across GL, AP, and AR.
  • Oversee system testing, including integration and user acceptance testing (UAT), to verify accurate intercompany data handling and reporting.

  6. Compliance and Documentation

  • Document intercompany processes, configurations, and customizations to support audit and compliance requirements.
  • Establish policies for managing intercompany financial data to ensure compliance with IFRS, GAAP, and internal control standards.

  7. User Training and Support

  • Train finance users and end-users on intercompany processes within SAP FICO, developing training materials, user guides, and reference documents as needed.
  • Provide ongoing support for users to ensure understanding and correct use of intercompany workflows and configurations.

  8. Continuous Improvement and Process Optimization

  • Identify and implement automation and process improvements in intercompany workflows to enhance efficiency and accuracy.
  • Stay updated on SAP FICO and intercompany process best practices, applying updates and optimizations as needed to maintain peak performance.

  9. Reporting and Monitoring Performance

  • Monitor intercompany transaction performance and reconciliation cycles, identifying trends, issues, and opportunities for optimization.
  • Provide regular status reports and performance metrics related to intercompany processes to finance and project stakeholders.