Credit Management in S/4HANA
Identify bad debt risk early on and make credit decisions efficiently
Credit management supports your company in determining the risk of bad debt towards your business partners at an early stage and in making credit decisions efficiently and partially automatically. With the introduction of S/4HANA, it is mandatory to use the new Credit Management in Financial Supply Chain Management (FIN-FSCM-CR). The user now has only one application at his disposal that is comprehensively integrated and operates across systems. Classic credit management (FI-AR-CR) is no longer supported. When switching to S/4HANA, it is important to ensure that your company's credit management data - business partners, master data and the transfer/update of open items from FI-AR - is transferred.
FSCM Credit Management
The new solution offers extended possibilities for the consolidation of credit management data - also for companies with distributed systems and a large number of business partners. A central element in FSCM Credit Management is now the business partner:
Advantages for your company
The changeover to the new credit management solution will result in decisive advantages for your company:
- Functions from different credit management approaches are consolidated in the FSCM Credit Management solution
- The business partner solution is integrated in the new set-up
- External systems can be connected to the FSCM CR solution
- Higher degree of automation
- Documented credit decision
- Less redundant data
- Workflows for processing credit limit applications
- S/4HANA reporting can be used
- Fiori apps from the credit management area are available for evaluations
- FIN-FSCM-FR offers additional functions that can also be activated subsequently
Transformation to S/4HANA
Depending on your existing solution in the ERP system, you have to plan appropriate activities for a change to S/4HANA.
Our services
- Analysis of the data of your legacy system
- Weighing up whether conversion should be carried out by means of a project or as preliminary work in the legacy system
- Implementation and migration of your credit management project
- Definition of the necessary business partner settings
- Set-up of the credit management data in SAP S/4HANA
