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What is SAP Ariba
SAP Ariba / ARIBA is a cloud-based innovative solution that permits suppliers and buyers to connect and do trades on a single platform as there is a need in all enterprises to restrain control over your supply chain and to collaborate with your suppliers in an efficient way. To establish a strong supply chain, you need to have suppliers with visibility to every part of the procurement process so that they can maintain an efficient supply chain and help businesses to develop their own business. It improves the overall vendor-management system of an organization by providing less costly ways of procurement and making the process simple. Ariba operates as a procurement aid to do business globally. SAP Ariba digitally converts your supply chain, procurement, and contract management process.
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What is sap finance
SAP FICO is a basically used for financial reporting externally as well as internally. The perspective of this module is to keep record of all financial transactions that are posted by an entity and produce financial statements that are accurate at the end of the trading period. SAP FI-CO is a combination of FI i.e. Financial Accounting and CO i.e. Controlling part in SAP ERP system. SAP FI contains accounts receivables, accounts payables, asset accounting, general ledger accounting, bank accounting, etc. Now, the CO part, which is a management tool which helps decision making and reporting
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