Funds Management (FI-FM)
Funds Management (FI-FM) Funds Management (FI-FM), also known as Budgetary Control or Budget Management, is a component of the SAP Financial Accounting (FI) module that focuses on managing and controlling budgets within an organization. It helps organizations effectively plan, allocate, monitor, and control their financial resources. Key features and functionalities of the Funds Management (FI-FM) module include: 1. Budget Planning: FI-FM supports the creation and maintenance of budgets for different organizational units, cost centers, projects, or funds. It allows organizations to define budget structures, set budgetary limits, and allocate funds based on business requirements and strategic objectives. 2. Budget Monitoring and Control: The module provides functionalities for monitoring and controlling budget utilization. It includes tools for tracking actual expenses and revenues against budgeted amounts, generating budget consumption reports, and issuing budget warnings or alerts.