SAVIC Technologies Interview Questions and Answers

P2P cycle refers to the Procure-to-Pay cycle in SAP FICO, which involves the process of procuring goods or services and making payments for them.

• P2P cycle starts with the creation of a purchase requisition, followed by creation of a purchase order.

• Goods or services are received and an invoice is generated.

• The invoice is verified, approved, and payment is made to the vendor.

• The cycle ends with reconciliation of pay...read more

HRM stands for Human Resource Management, which is the process of managing an organization's employees.

• HRM involves recruiting, hiring, training, and developing employees.

• It also includes managing employee benefits, compensation, and performance.

• HRM is important for creating a positive work environment and ensuring legal compliance.

• Examples of HRM tasks include conducting job interviews, creating employee training...read more

Educational background refers to a person's academic qualifications and achievements.

• It includes degrees, diplomas, certificates, and other educational credentials.

• It also includes the institutions attended and the fields of study.

• For example, a person with a Bachelor's degree in Business Administration from Harvard University has an educational background that includes a degree in Business Administration from Har...read more

GL accounts are assigned in SAP SD to record financial transactions related to sales and distribution processes.

• GL accounts are assigned to various sales and distribution processes such as sales order, delivery, and billing

• They are used to record financial transactions such as revenue, cost of goods sold, and taxes

• GL accounts can be assigned at various levels such as company code, sales organization, and distribut...read more

Calculation type in pricing refers to the method used to calculate the price of a product or service.

• Calculation type determines how the system calculates the price of a product or service

• There are different calculation types such as percentage, fixed amount, scale, and formula

• For example, a percentage calculation type may be used to apply a discount to a product based on a percentage of the original price

• A fixed ...read more

To get timely invoices billed to client, establish clear communication and follow-up regularly.

• Establish clear communication with the client regarding billing procedures and timelines

• Ensure all necessary documentation is complete and accurate before submitting invoices

• Follow-up regularly with the client to ensure timely payment and address any issues or concerns

• Utilize technology and automation tools to streamline...read more