Functional Knowledge is the practical, tangible, and usable knowledge of a particular business function enabling the possessor capable of performing that activity. Chartered Technofunctional Institute defines Functional Knowledge as the knowledge of business processes and related concepts that explain the nature, causes, and effects of individual and integrated business activities.

What is functional knowledge?

By functional knowledge, we refer to the knowledge of business processes. Functional knowledge is the knowledge that can be included in different domains. Knowledge that may be efficient in every domain is called domain-independent knowledge or functional knowledge, for example – financial processes, order to cash processes, procure to pay processes. All of these processes share some common logics and fundamentals that remain true and valid for all domains, and this section is about understanding those fundamentals and standard business processes.

Why acquire functional knowledge?

Functional knowledge helps professionals understand how a company operates and what are the standard business processes. It talks about the best practices for particular areas. This understanding of the knowledge of business fundamentals helps executives to think strategically and then take appropriate business decisions. It adds to their ability to think and take timely and appropriate business decisions.

How TechnoFunc helps?

In this section, we are trying to provide tutorials to understand business processes that are fundamental to the development of strategic skills and good leadership and management skills in order for business executives to achieve effectiveness. We are working very hard to keep the quality of the tutorials available here to be the best in their class. TechnoFunc is currently being offered as a free resource and being enhanced daily with new tutorials. If you like our efforts please do help us by recommending this website to your friends so that we can keep this knowledge base accessible to all for free. Please share the articles on your social network to spread the message. Browse process-specific tutorials by clicking on the image for the business process area of your interest. Click here to see the tutorials available for functional knowledge.

 Functional Consultant:

Functional Consultants are the experts having knowledge of concepts and business processes with an understanding of business flows. IT Functional Consultants are the experts having knowledge of concepts and business processes with an understanding of business flows with the added capability to analyze underlying software functionalities in comparison to business expectations. In IT Implementations two types of knowledge experts are needed, one of the business experts who provide the knowledge about the current business process and their expectations of the future automated system. These expectations are converted into software code by technical experts who specialize in various technologies and understand computer terminology and language.

Qualifications of Functional Consultants:

 Functional Consultants are generally domain-specific like Finance, HR, Manufacturing, and Procure to Pay, etc. They have educational background and experience in the relevant business process area, for example, you will find a Chartered Accountant working as a General Ledger Domain Expert. They acquire ERP/”Other Software Product” knowledge by undergoing a short training on ERP Module they are working in. Functional knowledge of business processes and software makes a good Functional Consultant. A good Functional Consultant will have an in-depth understanding of the business processes, product features, and ability to propose a solution for the business requirements.