FICA Insights | Sumble

What is FICA?

FICA stands for the Federal Insurance Contributions Act. It is a US law that mandates payroll taxes for Social Security and Medicare. Employers and employees both contribute to these taxes, which fund retirement, disability, and healthcare benefits for eligible individuals.

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What other technologies are related to FICA?

FICA Complementary Technologies

IFRS 15/16

IFRS 15/16 are accounting standards related to revenue recognition and leases. FICA integrates with financial accounting to ensure compliance with these standards, hence it's complementary.

mentioned alongside FICA in 100% (56) of relevant job posts

BRIM

BRIM (Billing and Revenue Innovation Management) is an SAP solution for high-volume, complex billing scenarios. FICA is part of the BRIM suite and essential for handling financial aspects and accounting of these billings, therefore, it's strongly complementary.

mentioned alongside FICA in 12% (145) of relevant job posts

SAP BRIM

SAP BRIM (Billing and Revenue Innovation Management) is an SAP solution for high-volume, complex billing scenarios. FICA is part of the BRIM suite and essential for handling financial aspects and accounting of these billings, therefore, it's strongly complementary.

mentioned alongside FICA in 8% (158) of relevant job posts