Tag: ERP

Enterprise Resourse Planning (ERP)

What is ERP?

Enterprise Resource Planning (ERP) is a software platform that can gather, organize and plan business data through the integrated software suite. Enterprise Resource Planning software automates the business functions like Manufacturing, Sales, Purchase and finance management, and more. ERP software is also called Centralised software. There are numerous ERP software providing companies in the world, some examples are SAP, ORACLE, INTUIT, MICROSOFT, and so on. Amongst all of them, SAP is the most used one. SAP made their ERP software more secure and robust, but is also expensive and complex and also needs lengthy implementation time and as well as demands highly trained staff. Wycorp provides the best ERP implementation training. SAP also rolls out updated versions more frequently.

How to get the best ERP Training?

So, getting better training in ERP helps you to capture a better career for yourself, because in today's market every business uses ERP software to manage their transactions. So that mastering ERP skills will help you to achieve heights in your life because ERP consultants are paid very handsomely. It is a really good career choice these days. Wycorp is the best. Always choose the best  ERP training institute in Kerala as a training partner to build your career path.

How do ERP works?

An ERP software work by using a defined and standard data structure. If an employee from a department entered any information then it is immediately available to other authorized users across the business, so that it is real-time. The structure of the software helps the business massively for its operation and to find any room for expansion.

ERP Training at Wycorp

Wycorp is the best ERP training institute in Kerala. ERP vendors are providing ERP software for Multi-National Companies (MNC) as well as Small, Medium Enterprises (SMEs), So that one with excellent ERP skills will be able to grab a well-paid job in any of the MNC or SME category of companies. ERP platforms only grow in the future with more advanced modern-day technologies. There are several software training programs right now in the market. If you decide to capture a career in ERP then you have to choose the right training program regarding the training efficiency, training syllabus, and valuable certification, and so on. So learn ERP from wycorp to capture a bright career. SAP is the leader in the ERP market. To learn SAP courses you can join Wycorp, Wycorp is the best option for  SAP Professional Software Training Kerala.

Online Education

Why we need Online Education

Why we need an online class in the current pandemic, I am going to tell you some historical stories for your reference, In 1918 Spanish flue globally impact the economy, and millions of people affected. In the same situation Sars Covid 19 waves were very fast impacted globally. WHO reported that the Covid 19 virus can be spread easily through air-bone. The right choice to avoid people's physical interaction through people and maintain social distancing each other.

In this current situation, all the schools & colleges were closed. Govt decided to support children's education online... Now global digitalization technology is strong and its importance is very high.

Online classes are a method of education over the Internet. It is often referred to as “e-learning” among other terms. However, online learning is just one type of “distance learning” - the umbrella term for any learning that takes place across distance and not in a traditional classroom. Many institutions &schools have also shifted their base to virtual platforms to conduct classes online. Wycorp is the no.1 SAP Professional Software Training in Kerala provides the best various SAP Courses in Kerala

Importance of Online Education

Online education enables the teacher and the student to set their own learning pace, and there's the added flexibility of setting a schedule that fits everyone's agenda. As a result, using an online educational platform allows for a better balance of work and studies, so there's no need to give anything up.

    Online Learning is now applicable not just to learn academic but also to learn extracurricular activities for students. In recent months, the demand for online learning has risen significantly and it will continue so in the future.

Merits of Online Education

Online education enables the teacher and the student to set their own learning pace. The main advantages of online classes are Time management skills, which makes finding a good work-study balance easier. A growing number of universities and higher education schools are offering an online version of their programs. Studying your program online is also a great option for getting an official certificate without physically setting foot on a university campus. Also it is important to select the best SAP Training Institute for your education.

E-learning has a number of tools such as PDF, Videos, Audio, and teachers can use all these tools as part of their lesson and teachers are able to become more efficient educators. Another advantage of online learning is improved student attendance. Students to attend classes from any location of their choice.

 Demerits of Online Education

Online learning has some disadvantages, here is the main demerits inability to focus on screens, one of the biggest challenges of online learning is the struggle with focusing on the screen for long periods of time. Another key challenge of online classes is an internet connection. Without a consistent internet connection for students and teachers, there can be a lack of continuity in communication.

As of today's situation, it is quite impossible to take classes in regular mode. Almost every school uses this day’s online learning. Many educational institutes have to adopt online learning. In recent months the demand for online learning has risen significantly, and it will continue doing so in the future. The COVID- 19 highly affected the education system and now we have to overcome the situation without any compromise in students' education. Whatever happen we should move on and we must overcome the situation including education. We must thank the technologies that help to overcome the pandemic situation. Educational institutions are looking towards the process of educating students online.

What is SAP FICO

SAP is the largest ERP provider in the world. They provide software to large-scale companies as well as small-scale companies. The major software programs are SAP ECC, SAP S / 4 HANA, Business One, and BusinessByDesign. FICO is a module in SAP ERP. FICO means to finance and controlling. FICO is a module that comes in the accounting area. FICO is used to managing the financial side of the company and controlling cost accounting. Learn SAP

Following are the important sub-modules in SAP FICO,

  • General Ledger Accounting

  • Accounts Payable

  • Accounts Receivable

  • Bank Accounting

  • Asset Accounting

  • Cost Center Accounting

  • Cost Element Accounting

  • Profit Center Accounting


Scope of SAP FICO

After learning FICO, we can look for jobs in companies that use SAP. Anyone with a degree can study SAP. This is a job that is in good demand nowadays. The average salary of a FICO consultant is above 5 lakh. Best SAP Training Institutes in kerala. 

Wycorp provide consultant level training in various SAP Modules.

Top 20 Business One Interview Questions

Q1. When is Business One released for commercial use?

Ans: Business one was developed by a company called Top Manage Financial system in 2002 and SAP succeeded buying from them.

Q2. Which type of companies use SAP Business One?

Ans: Business One is an ERP software developed to manage MSME(Micro Small Medium Enterprises) type of companies.

Q3. What is Endusers and how to manage them in SAP Business One?

Ans: Endusers are type of usres who has division of work in a certine functional module, we can manage them under human resource module and assign their rol under autorisations in administration module.

Q4. Type of business partners and how to create them?

Ans: Ther are three type of business partners in SAP B1,

  1. Vendors
  2. Customes
  3. Leads

Can craete all of them in Business partner master data under business partner module.

Q5. What is Blanket agreement?

Blanket agreements are long term contract betwwen either for the purpose of purchasing or sales.

Q6. Use of Payment means?

Ans: Payment means is used to function outgoing and incoming payments, there are four types of payment methods in paymnet means, ie Bank transfer, Cheque, Cash and Credit card.

Q7. What is master data and different types of master data in B1?

Ans: Master data are the data records keeps inthe syatem for a long period of time. Master data in Buisiness one are,

  1. Employee master data
  2. Business partner master data
  3. Item master data
  4. Resource master data

Q8. What is House bank and its function?

Ans: Company’s operating bank account is maintained as House bank in SAP B1. We use them to process the companies payment transactions.


Q9. How to do Multiple payments in one go?

Ans: Automatic Payment Program(APP) is the function used to do multiple payments at once. We can define conditions for APP in payment  methods under banking configurations.

Q10. What is Dunning?

Ans: By using Dunning function we can send remainding letters to customers who have due or overdue invoice to pay.

Q11. What is Material Requirement Planning(MRP), and its use?

Ans: MRP in SAP B1 is used to forcate future material demand and helps to schedule manufacturing and procurement process accordingly.

Q12. Why do we maintain Reccurring Postings in Financial Module?

Ans: Reccurring postings are used to post frequent journal entry transactions easily, We can maintain templates for such frequent transactions and execute them when ever needed.

Q13. How to view Balance sheet of company in SAP B1?

Ans: Financial > Financial Reports > Financial > Balance sheet

Q14. Which function can be used to transfer Stock/Inventory from one warehouse to another.

Ans: Inventory transfer fucnction under inventory module.

Q15. What is Approval Procedure used for?

Ans: Approval Procedure can be used when an enduser requires authorisation from his consultant for an activity that he don’t have acces for.

Q16. Use of form settings?

Ans: We can edit fields to input/display in any documents available in SAP Business One.

Q17. How do we check stock in SAP Business One?

Ans: There are two ways to check incentory in SAP B1

  1. Use find mode in item master data
  2. Goto Inventory > Inventory reports > Inventory status

Q18. Why do we use pick and pack?

Ans: Pick and pack is a function used to automate the process of sales orders, Inventory transfer requestes, Production orders.

Q19. What is Landed cost

Ans: It is a fuction used to add additional charges(ie, carriage, customs, transportation and etc...) of procurement and allocate it to the materials procured.

Q20. State the path for internal reconciliation in SAP Business One?

Ans: Business Partners >  Internal Reconciliations > Reconciliations.

Learn SAP Business One from Best SAP Training Institute