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International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
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ISSN: 3108-1754 (Online)
Crossref DOI: Available
ISO Certification: 9001:2015
Publication Fee: 599/- INR
Compliance: UGC Journal Norms
License: CC BY 4.0
Peer Review: Double Blind
Volume 02, Issue 05

Published on: May 2026

A STUDY ON IMPACT OF SAP FICO ON FINANCIAL DECISION-MAKING IN ORGANIZATIONS

Atharva Gaikwad

Prof. Shrikant Jagtap

MBA Department
Dhole Patil College of Engineering Pune

Article Status

Plagiarism Passed Peer Reviewed Open Access

Available Documents

Abstract

In the contemporary business environment, financial decision-making has become increasingly complex due to globalization, technological advancements, and competitive pressures. Organizations are required to make timely and accurate financial decisions to ensure profitability, sustainability, and growth. Traditional accounting systems often lack integration, real-time capabilities, and accuracy, which creates challenges in effective decision-making.

Enterprise Resource Planning (ERP) systems have emerged as a solution to these challenges by integrating various business functions into a unified system. Among these, SAP is one of the most widely adopted ERP systems globally. SAP FICO, comprising Financial Accounting (FI) and Controlling (CO), plays a vital role in managing financial data and supporting decision-making processes.

This study examines the impact of SAP FICO on financial decision-making in organizations. The research is based on primary data collected from 50 respondents and supported by secondary data from academic literature. The results indicate that SAP FICO significantly improves financial accuracy, enhances reporting quality, and facilitates faster decision-making. The study concludes that SAP FICO is an effective tool for improving financial management practices and organizational performance.

Keywords—

SAP FICO, ERP Systems, Financial Decision-Making, Financial Accuracy, Financial Management

 

How to Cite this Paper

Gaikwad, A. (2026). A Study on Impact of SAP FICO on Financial Decision-Making in Organizations. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(05). https://doi.org/10.55041/ijcope.v2i4.1000

Gaikwad, Atharva. "A Study on Impact of SAP FICO on Financial Decision-Making in Organizations." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i4.1000.

Gaikwad, Atharva. "A Study on Impact of SAP FICO on Financial Decision-Making in Organizations." International Journal of Creative and Open Research in Engineering and Management 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i4.1000.

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References


  1. Pandey, I.M. (2021). Financial Management.

  2. Leon, A. ERP Demystified.

  3. Khan, M.Y. & Jain, P.K. Financial Management.

  4. SAP Official Website

  5. Investopedia

Ethical Compliance & Review Process

  • All submissions are screened under plagiarism detection.
  • Review follows editorial policy.
  • Authors retain copyright.
  • Peer Review Type: Double-Blind Peer Review
  • Published on: May 02 2026
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