Will Chat GPT replaces SAP FICO consultants?

10-Jul-2023

The Financial sector is on a consistent improvement since the interventions brought forth by the integration of AI and ML. From automating tasks to improving customer services to detecting fraud, the potential of AI has been well established in the financial sector. The integration of AI and ML in finance has brought a paradigm shift in how finance professionals operate. The financial section of any business is significantly and efficiently performed by SAP FICO consultants. And with the integration of disruptive AI tools like Chat GPT, the operation can be made even more efficient and productive. Such improvements and possibilities are endless. However, there is a growing concern about ChatGPT replacing SAP FICO consultants given the disruptive advances it has brought on. Let us delve deep into the nuances of what SAP consultants do and learn the premises of how Chat GPT replaces sap fico consultants.  

What Do SAP FICO Consultants Do?

To learn how ChatGPT can bring revolutionary changes that put SAP FICO consultants at risk of getting replaced, it is imperative to know what are the roles and responsibilities of SAP Consultants.

Ideally, SAP Consultants are responsible for designing, implementing, and deploying SAP Solutions to attain set business goals. They are tasked with the duty of driving the finance section innovation of a business by delivering SAP S/4 HANA solutions. In a nutshell, their tasks involve the following areas:

• Understanding the organization's business requirement 
• Developing Blueprint for the project implementation in the organization
• Project Implementation
• Validating report requirements and essentials
• Validating Changes and customization
• Imparting training to end-user
• Sorting daily queries of the end-users
• Improve SAP for end-users aligning with the requirement

What are the Skills Necessary for SAP FICO Consultants?

While SAP consultants are required to possess certain personal attributes,

such as adaptability, self-confidence, and motivated, reliability, and leadership qualities, they are also required to have certain technical abilities to work as SAP FICO consultants. The core essentials for SAP FICO Consultants are:

• Minimum three years experience in SAP in General Ledger with skills in Accounts payable, Accounts Receivable, Financial Accounting, Fixed Asset Accounting, Management Accounting, Inter-Company Accounting, and Project Accounting. 
• A Comprehensive understanding of Accounting Business processes
• Understanding the client's perspective on business forms
• Collaborative skills to work with a team
• Multitasking ability and the potential to handle several undertakings

Core Technical SAP FICO Consultant Skills 

• Business Process
• Master Data
•  Profitability Analysis
• Asset Classes
• FI- General Ledger
• SAP ECC
• Calculation
• Material Ledger
• Lockbox
• Treasury 
• Bank Statements
• Fixed Assets

Will Chat GPT Replace SAP FICO Consultants?

We have learned about the technical and soft skills and competencies that SAP FICO Consultants must possess. These skills are inherent to the effective functioning of SAP FICO solutions. With the integration of ChatGPT in SAP FICO, the tasks that SAP FICO Consultants perform will get automated giving rise to more efficiency and productivity. 

Businesses will get revolutionized and as such it is akin to having a secret weapon that propels business to the next level. Yet. ChatGPT is only for enhancing operations and not to replace the performers. Hence, ChatGPT will not replace SAP FICO consultants even if it may be a game changer. No doubt AI-powered tools like ChatGPT will bring forth advanced analytics and data processing capabilities; it will not replace the brains behind what FICO works.

Why ChatGPT will not Replace SAP FICO Consultants?

ChatGPT may be known to have endless possibilities with its integration in the ERP SAP modules, but it is not capable of replacing the SAP FICO Consultants as it is flawed with several limitations. Let us discover the limitations that impair Chatgpt from replacing SAP FICO Consultants. 

ChatGPT Relies on Old Data 

The ChatGPT model is reliant on training data that is available on the internet only up till 2021 which makes it outdated and irrelevant for the current times that requires updated solutions. While the SAP FICO ecosystem has evolved in the span of time, ChatGPT will be insufficient to provide the most updated insights and business solutions. The AI-powered ChatGPT is in a growing phase with efforts to improvise with more advances.  

Error in Answers

ChatGPT is only a language tool that works on being fed with data. This indicates the possibility of the tool providing inaccurate and biased answers and solutions. Hence, it becomes a risky task to rely solely on outputs generated from ChatGPT. SAP FICO consultants have to go through the process of cross-checking such information in order to ensure accuracy. In the SAP FICO business process, simply copypasting  ADT/ABAP workbench is likely to produce major issues than bringing solutions. ChatGPT may provide profound answers yet to become an SAP FICO consultant one must have the requisite skills.  A person with no clue about the module and relying solely on ChatGPT would be more problematic. Here SAP FICO certification course would prove more valuable. 

Input Comprehension

ChatGPT also works on guesswork. To work on ChatGPT one must also have enough knowledge of the expected output than just relying on the output it provides. ChatGPT may provide solutions that it thinks best suit the query supplied. 

Textual Solution

ChatGPT is only capable of providing results in text format. Many other tasks of SAP FICO modules like non-code configurations, customize table filling, transporting changes, code copying and pasting into an ABAP editor, and debugging to detect issues, all of these activities require the effort of a human as ChatGPT cannot possibly perform these tasks. 

Given the above premises, there is no chance that ChatGPT replace SAP FICO consultants. There is no need for them to be concerned about their relevance in the future. SAP FICO consultants should rather embrace the innovation and begin integrating ChatGPT for more automated and effective solutions. 

Chat GPT can be largely leveraged to the advantage of SAP FICO Consultants. Using ChatGPT will make your task easier and quicker solutions that will help cater to clients in much lesser time compared to the conventional process. One major advantage of integrating ChatGPT in the works of SAP FICO is cost reduction and increased efficiency. Businesses may take advantage of the AI-powered tool to cater to a wide range of customer or client queries and support needs. Another significant approach to using ChatGPT is how  SAP FICO consultants can make use of insights into the user's preferences and needs.  ChatGPT is capable of providing valuable business feedback by analyzing the data of the users about a certain product or service, which will ultimately help businesses identify their weak points and scale towards improvements.

It is clear that SAP FICO consultants come with specific skill sets and to perform the task of a SAP FICO consultant one must be equally skilled and have the knowledge. ChatGPT may be used for greater efficiency and automation but it cannot replace SAP FICO consultants. To be well equipped with the necessary skills, the SAP FICO certification course is the best pathway for any aspiring candidate. 

SAP FICO consultants SAP FICO certification course chat GPT replaces sap fico consultants Chat GPT replaces SAP FICO