In today’s fast-changing business environment, organizations are required to maintain accurate, timely, and transparent financial records to support effective decision-making. Financial reporting and controlling play a crucial role in ensuring that businesses operate efficiently and comply with regulatory requirements. However, many organizations still face challenges such as data inconsistency, delays in reporting, lack of integration between departments, and errors in manual accounting systems. These issues can negatively impact the quality of financial information and decision-making. With the advancement of technology, Enterprise Resource Planning (ERP) systems have become an essential tool for organizations. Among these, SAP is one of the most widely used ERP systems across the world. The Financial Accounting (FI) module of SAP is specifically designed to manage financial transactions, maintain records, and generate real-time financial reports. It helps organizations streamline their accounting processes, improve accuracy, and enhance internal control mechanisms. This study focuses on understanding the role of SAP FI in improving financial reporting and controlling within organizations.