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Dunning in SAP FICO refers to the automated process of reminding customers about overdue payments. It involves generating and sending dunning letters to customers, informing them of their outstanding invoices. The dunning process can be customized based on various parameters such as dunning levels, intervals, and charges. Each level represents a different stage of urgency, with increasing severity in communication. The system tracks the payment history and calculates the overdue amounts, ensuring systematic follow-up to improve cash flow and reduce outstanding receivables. This helps maintain effective financial management and customer relationships within an organization.

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SAP FICO course in Pune

SAP FICO (Financial Accounting and Controlling) is a core module in SAP ERP for financial management and reporting. It consists of two main components:

FI (Financial Accounting): Manages financial transactions and external reporting. Key elements include General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Asset Accounting (AA), and Bank Accounting.
CO (Controlling): Focuses on internal reporting and cost management. Key elements include Cost Element Accounting (CEA), Cost Center Accounting (CCA), Internal Orders, Profit Center Accounting (PCA), and Product Cost Controlling (PCC).
SAP FICO integrates with other SAP modules, providing a comprehensive system for financial management, budgeting, and performance monitoring.

Know more- SAP FICO Classes in Pune
SAP FICO Training in Pune