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Career change from SAP FICO ?

I am an SAP FICO consultant with 2.5 years of experience. I have joined an mnc in 2013 and initially was trained in ABAP. Then when moving to a support role, was put into learn FICO. I have learnt all the basic concepts but now I am finding it difficult on various complex finance tasks.

I am feeling lost right now and cannot proceed forward in my career. I would like experts help in this matter for a good career advice for me.

Thanks in Advance.

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6 Answers

  • Best Answer
    Posted on Apr 29, 2016 at 07:59 PM

    Hi Arun

    Dont consider me harsh. But its your fault!!

    Why did you accept something which is not your domain? The so-called IT Companies who talk of ethics, values infront of clients, do all nonsense gimmicks behind the scenes to reduce the cost!!

    I was myself asked to train ABAP like you in FICO and I politically stepped out of it.

    If you donot know where you have to go, people will take you for a ride

    One girl I know - Fresh Qualified, ICWA (CMA) Qualification, CA Inter, SAP Certified Joined one of the Big 4 in Hyd. The day she joined, after talking of all ethics and values, the manager tried to push her into EPIC Software. Ever heard its name? I am sure you have not and many of us would not have!!

    The girl showed guts and blasted people then and there. She was hounded by Officer at every level for 4 months. You name a designation in the IT company and she was hounded by that person. But the girl stood rock strong, unfettered by all the so called geniuses of this industry. She won!! And all this is just 2 months old

    What makes her different? Clarity in what she wants to do and achieve!!

    What makes her fight? Belief in herself, that if not here, she will get it somewhere else?

    I sign off with one last comment. If you have one fear inside, there are 1000 hounds / cheats in the market to capitalize on it.. All the Astrologers, Tarot Readers, Good-Luck Sellers are thriving only based on the fear of people!!

    Ajay Maheshwari

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    • Hi Colleen

      People are of 2 types - Self Driven and Driven by others

      As a Manager / Employer, you can decide for the later. But since the majority of folks fall in that later category. the managers get used to deciding for others. That is dangerous

      I manage the FICO practice for my company and when I deploy FICO guys, I take into account their Skills, Aspirations and many factors. But imagine a guy (The so-called Resource Manager) doing this. His/Her target is to fill the vacant seat in a project!!

      I am not opposed to people developing multiple skills or doing multiple modules. I myself do that. A MM guy can do PP, PP guy can do QM/PM, but an ABAP guy or an Engineer in FICO? I am against it. Again, there might be a few exceptions, but exceptions must be handled as exceptions

      I am opposed to the fact that you train someone in FICO, then all of a sudden ask them to learn BPC, then deploy them in FSCM. This only creates confusion and lack of confidence. If you wanna decide future path for someone, thats fine. But decide it!! It cant change twice in a year. Give your team a vision on what you want them to be, make them understand and pursue it

      I think we both are talking about the same thing, with a few exceptions. But its better to have different views, that brings innovation 🤣

      Ajay M

  • Posted on Apr 24, 2016 at 08:33 AM

    Hi Arun

    If you are going to continue down the Finance path - which includes Simple Finance - then perhaps you need to look at some non-vendor specific training in basic Finance concepts (e.g. Accountancy). It sounds from your comments what is holding you back is domain knowledge.

    If you like the work you do but need knowledge then consider looking at some MOOCs to joining a course somewhere to learn Finance. From there you will improve your SAP consulting skills (whether you move to Simple Finance or not)

    Regards

    Colleen

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    • Hi Arun

      I'm not from a functional or financial background. Simple Finance is the the step towards S4HANA. It's relatively new and will become the (impression I'm given) the "new Finance" over time.

      So yes, the people in this forum are right in saying it has a future

      However, if you are saying that you are struggling with the content and what you are configuring then learning it will not help you. Hence, why I suggest to focus on improving your domain knoweldge.

      I can't recommend completely what to study. Ask yourself which areas of the system make little sense to you (what are those complex items you refer to). How familiar are you with financial transactions (Fb*, F-, etc) and concepts (Gl, cost centres, profit centres, taxation, recurring journals, dr/cr)

      Where you are unsure, seek out learning that material to get a better understanding of what you are configuring. From there, you can master FICO and consider learning Simple Finance as you move towards S/4HANA.

      From my point of view, learning anything can be a hinderance 😊

      Regards

      Colleen

  • author's profile photo Former Member
    Former Member
    Posted on Apr 28, 2016 at 12:09 PM

    Arun,

    I started my SAP career in FI/CO; it makes sense to me that someone without any finance/accounting background might struggle. To be frank, I would wonder why someone without any accounting experience and training would choose to start there. I heartily endorse Colleen's suggestion that some solution-agnostic training in general accounting principles and processes could help fill in the gaps so that FI/CO makes more sense to you. Otherwise, if your background is strictly technology, you might want to migrate away from functional work into a more purely technical role.

    Good luck!

    Gretchen

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  • Posted on Apr 20, 2016 at 09:02 AM

    Hi,

    Career change at this movement will cost you with salary

    you can better update yourself with SAP Simple finance and proceed with present career for great oppurtunities

    scenarios might be complex but with little exploring you can solve the issues

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 23, 2016 at 10:12 AM

    Hi Arun,

    The initial boost to learn any new concept in any field is our own curiosity and passion to learn/excel without thinking about the potential benefits or materialistic things.

    As you already hold good amount of SAP FICO experience plus have some ABAP knowledge, I suggest you better go for S4 HANA with Simple Finance because that will actually add value addition to your profile since you have FICO + ABAP knowledge and you seems also interested in ABAP ( which many finance consultant find hard to do).

    1) To begin with, you can start learning the concepts, logic's, requirements and benefits of simple finance.

    2) Then, you should first try acquiring as much as knowledge from various sources such as google,scn, other SAP forums, SAP Simple finance experts( if you know someone )

    3) As rightly suggested by Siva Prasad Vasireddy, you can contact some good & genuine institutes in your city that offers SAP simple finance training with sound exposure to real time scenarios. Read, Learn & Practice every possible concepts starting with simple one then graduate it to complex one.

    Probably, I believe that by following above steps and of course with your own heart & mind course plan you will surely get into very new ,challenging & demanding career where you can grow in coming years.

    All the Best.

    Thanks and Regards,

    Shakir Shaikh

    SAP FI Consultant

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  • Posted on Apr 23, 2016 at 03:40 PM

    Thanks a lot Shakir and Siva. I am trying hard to find a right way in my career. I would strongly follow your advice. Apart from this, If i need to stay in technical module, shall i pursue training in SAP HANA?

    Also career in SAP simple finance is a secure option in the future?

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