Full form or SAP EC stands for (Enterprise Controlling), an effective SAP ERP tool that provides automated applications for carrying out the tasks of controlling the going-ons in a commercial organization; is an important module in the SAP Business Suite. It is responsible for assessing whether all the tasks are being performed in accordance to plans and with the intent of achieving company goals. SAP EC components integrate efficient controlling techniques for making an organization work as a single unit and are fast becoming indispensible tools in the hands of enterprises globally.
SEP EC is typically a module in which consolidations as well as eliminations occur for a pre-defined management area (or Profit Center) and legal entity (or Company Code). Consolidation offers reconciled views of the group’s financial data and allows users to generate reports that are required by corporate law. It also develops documented results that reflect the company’s internal management and hierarchical structure (by region or profit center). All this and a lot more are possible because of these powerful consolidation functions developed with flexible structures as a base.
The raw data so generated is transferred via the easily manageable interfaces of:
The results presented by the consolidation can also be realized in EC-EIS data types.
The SAP EC application is being increasingly used for automating the tasks linked with enterprise controlling. It provides accurate and reliable data that is utilized by the management and corporate controllers as a robust reporting system. It supports both structured management specific reporting for handling problem analysis as well as corporate external reporting. SAP EC is subdivided into four sub modules; which provide the functionalities needed for supporting the different aspects of enterprise controlling. These are:
Consolidation (EC- CS): This sub module uses financial data to generate reports with views that support the local corporate laws as well as the management structure. Its functionalities include:
Business Planning (EC-BP): It helps in consolidating and viewing data that is related to plans, along with creating stimulations on the basis of planned data as well as the actual data - thereby helping companies to finalize their performance targets.
Executive Information System (EC-EIS): SAP-EIS is power packed with features and functionalities that allow users to define company-specific data structures and offers multidimensional evaluation views. The data so accumulated is processed in accordance to the required views. A graphical interface then creates a presentation for all the information that is useful for the management and help executives take strategic decisions.
Profit Center Accounting (EC-PCA): The tools of this sub module are largely responsible for creating and controlling an organization that is based on Master data developed from the perspective of the management. It determines the key figures of accounting, profit and losses and so forth.
Some of the other sub modules of SAP EC are:
The course of SAP EC is modelled in a manner to make the audience to use this application efficiently thereby helping in improvising business practices and controlling procedures. The course provides training on real-world scenarios and thus makes the audience aware of the companies’ views as well as the appropriate use of the software.
The course can be pursued from organization or institutes that are SAP certified and a certification course can be done after the training process. The course fee ranges from 25K to 4 lacs and purely depends on the institute and its training methodologies.
The contents covered in the course are:
SAP EC courses are especially modeled to allow candidates to use the module’s tools in a more effective manner and improvise on their client’s controlling procedures and business practices. Providing many real world scenarios for hands on training and a better understanding of the complicated concepts of enterprise controlling, SAP EC (Enterprise Controlling) helps candidates get in-depth knowledge about the appropriate use of this software and companies’ views.
Interested candidates may like to pursue this course from SA certified institutions and other related organizations. After completing the training process, they may enroll for the certification course that charges an additional amount. With fees in the range of INR 25K to 4 lacs, the duration of these courses vary in accordance of the business policies and methodologies of respective institutes.
Topics included in the course:
SAP professionals desirous of pursuing a career in EC should have prior knowledge of the events and relationships taking place in the business environment of an organization. They should also be aware of the financial tasks, transactions, reporting and analysis processes. Along with in-depth knowledge of the details and functioning of each action, an understanding of their interrelationships and timing is also important. They should have prior knowledge of computer functionalities as well.
Best suited for project team members, senior executives, business analysts and administrators, this course is very helpful for SAP financial consultants looking for a boost in their career graphs. Candidates aspiring for this course should have a degree from any recognized university in specialized courses like B. Tech, M. Tech, MBA, M. Com and so forth. Professionals with a background in finance and accounting will also benefit from the contents of this course.
In India, the demand for SAP EC certified professionals is on the rise with many job profiles like those of a SAP EC consultant, secretary, manager and other executives. Though companies like IBM and SAP Labs are offering job opportunities for freshers, most companies are on the lookout for experienced professionals with SAP EC Certification.