What is SAP FI/MM?

SAP FI/MM refers to the Financial Accounting (FI) and Materials Management (MM) modules within the SAP ERP system. SAP FI handles all financial accounting and reporting tasks, including general ledger, accounts payable, accounts receivable, asset accounting, and bank accounting. SAP MM manages the procurement and inventory management processes, covering purchasing, goods receipt, inventory control, material requirements planning, and invoice verification. These modules are commonly used by organizations to manage their financial transactions and supply chain operations effectively.