FICA in Hgh Tech Industry

[Former Member]

Hi,

My company is comtemplating of using FI-CA recommended by one of our consultants, but we know nothing about this solution.

Could someone be kind enough to give me what this does, issues and problems we may need to know.

Thanks

Sunny

[Former Member · Accepted solution]

FI-CA (Contract Accounting) is a mass processing subledger solution within the finance processes, capable of handling huge amount of data and usually used by companies with high financial data (utilities, telecommunication, insurance etc). The use of FI-CA is becoming popular for some non-industry compaanies as well (FI-CAX). Most of the processing is done by batch (background processing) and FI-CA has a lot of sub-processes (dunning, payment program, returns, cash desk musc moreetc). So, customer who wants more for their subledger solution goes for this.

For a high tech use, it depends on the amount of data you thing cannot be handled by classical FI (which I thing classical FI should be enough for a high tech anyway). One more important thing is that there is no online update of data btw FI-CA and FI-GL, data has to be uploaded at the end of the period.

I wish this general high level overview is helpful, if not let us know.

thanks

[Former Member]

Hi sunny

FICA is nothing but the IS/U specific modue dealing with contract accounts.

it do have integration with the normal FICO.

if u opt for fica u also need to integrate certain fico settings for them.its nothing but the is/u specific fico modulation in other words

but there are certian fucntionalities which is only seen in fica and not in fico such as main and sub transactions and internal sub transactions and reconcialition key concepts..

for more details regarding the module u can see the following link

http://help.sap.com/saphelp_utilities472/helpdata/en/28/16983538ee425ee10000009b38f889/frameset.htm

kr

raj