SAP Central Finance
Using the Power of SAP S/4HANA to Achieve Global, Real-Time Finance
608 results
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FI-CA or FI-AR: Which Module Best Fits Your Needs?
Although both Accounts Receivable (FI-AR) and Contract Accounts Receivable and Payable (FI-CA) track accounts receivable transactions, there are important differences between the two modules. The author compares your options and presents the benefits and drawbacks of each. Glossary A business partner is a customer within FI-CA. The business partner contains central data such as name,...…
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Improve Your Receivables Management with SAP Collections Management
Understand the concept of master data synchronization between your Accounts Receivable (AR) system and SAP Collections Management and learn how to replicate customers to business partners. Understand some of the key configurations of Collections Management and see how to transfer AR data to Collections Management to create work lists for collection specialists. Key Concept SAP...…
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How to Get the Most Out of SAP Collections Management
Learn a few tips on how to capitalize on the functionalities that SAP Collections Management offers. Key Concept SAP Collections Management is a process within SAP ERP to efficiently manage the customer collection process. It is based around the principle of a prioritized worklist for the collections specialist to use to contact customers. The specialist...…
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Boost Productivity in SAP S/4HANA by Using Fiori Apps for Financial Transactions
Learn how to create an improved end-user experience by combining SAP Fiori with the SAP S/4HANA engine. Key Concept The new user experience (UX) that SAP Fiori enables through its intuitive interface and performance-optimized navigation helps you take advantage of the many financial apps that leverage SAP S/4HANA. For example, running the SAP Fiori Trial...…
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Make Your Bad Debt Reporting Accurate and IFRS Compliant
When a financial statement (e.g., balance sheet) is being prepared according to International Financial Reporting Standards (IFRS), the outstanding receivables should be fair valued. This means that the reported amount should reflect the expected amount to be received. Learn about a functionality SAP developed that allows you to make a fair value adjustment in your...…
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How to Set Up the Fiori Clear Incoming Payments App for Use in a Launchpad
SAP S/4HANA Finance delivers improved business processes with a new user experience. Transactions that have not been changed in 15 years have received a complete face-lift, and how users access the transactions within their processes has also completely changed. Learn the technical aspects of the Fiori interface implementation based on a classic accounts receivable (FI-AR)...…
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Proven Techniques to Optimize the Accounts Receivables Process
Click Here to View Session Deck This session walks through four essential practices to increase the efficiency of accounts receivables management, including insight into: What’s new with SAP S/4HANA, AI-powered cash application, including the advanced rules engine, with SAP Cash Application software, lessons to streamline various accounts receivables processes, from tracing open items to checking...…
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Authorization Strategies for Credit Release Processes, Chain Sales, and Distribution
Set up and configure an authorization strategy for credit representatives based on two guidelines: how much of the available credit limit a customer has used and the value of a particular sales order or delivery. Key Concept Authorization objects control release processes for credit on commercial documents in sales and distribution (SD) based on authorizations...…
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Effective Receivables Management with Automated Credit Evaluation, Proactive Collections and Dispute Management
Click Here to View Session Deck. SAP Credit, Collection and Dispute Managements improve operational efficiency of credit and collection teams with ability to evaluate customer creditworthiness automatically using internal and external credit information. Also, businesses can improve cash flows with proactively determining receivables becoming due and overdue with collection strategies and monitoring and resolving customer...…
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Revenue Recognition Configuration in SD Is a Key to Compliance
To comply with the latest bookkeeping principles and current regulations, such as US-Generally Accepted Accounting Principles and the Sarbanes-Oxley Act, companies are required to post revenue according to a time period. This means that the revenues must be realized in the posting period in which the service was carried out or goods were actually delivered....…
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