THE ROLE OF SAP FICO IN CORPORATE GOVERNANCE AND COMPLIANCE

International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC)

Abstract

Corporate governance and regulatory compliance are essential for ensuring transparency, accountability, and ethical financial management in modern organizations. SAP Financial Accounting and Controlling (SAP FICO) plays a significant role in helping businesses achieve these objectives by integrating financial accounting, cost management, and internal control processes into a unified enterprise resource planning (ERP) system. SAP FICO enables organizations to maintain accurate financial records, generate reliable reports, and comply with accounting standards and regulatory requirements through automated workflows and real-time financial data processing. This study examines the role of SAP FICO in promoting effective corporate governance and ensuring regulatory compliance across organizations. It also highlights the benefits of implementing SAP FICO, including improved financial transparency, operational efficiency, risk management, and adherence to legal and industry regulations. The findings emphasize SAP FICO as a strategic tool for strengthening governance frameworks and supporting sustainable business growth in a dynamic business environment.

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Keywords

SAP FICO, Corporate Governance, Regulatory Compliance, Financial Accounting.