SAP Simple Finance is now called SAP S/4 HANA Finance

SAP Simple Finance is now called SAP S/4 HANA Finance; SAP S/4 HANA Enterprise Management for Core & Line of Business Processes

SAP Payment Engine

SAP offers  the SAP Payment Engine as a payments solution. The SAP Payment Engine is an advanced solution designed to help you significantly improve the process for inter-bank and customer-to-bank payments. By providing shared-service centers and in-sourcing models, the end-to-end solution streamlines all payments processes, standardizes interfaces, removes siloed payment applications, and enables the rapid development of new products.

It works on the Net weaver platform.  There are two versions: version 7.0 and 8.0

Some features of the solution are:

1. One-to-one and one-to-many credit transfers and direct debits
2. Same-day or even real-time clearing and settlement
3. Single, queued and collective postings of internal and external transactions
4. Domestic and international transactions
5. Flexible customer correspondence (advices, payment exceptions, and payment recalls)
6. Extensive monitoring and status management
7. Open, multi-channel integration architecture
8. Supports multiple connections with SAP as well as non-SAP applications
9. High performance levels with significant scalability

Unlock value with tangible business benefits

1. Reduce costs: IT development and maintenance costs, along with manual efforts, can be reduced due to centralization and consolidation of payment services
2. Increase extensibility: Open integration architecture helps integrate with multiple payment channels, both inbound and outbound, and can connect with multiple account management systems
3. Manage regulatory compliance: Helps your institution comply with regulatory mandates such as single euro payments area (SEPA)
4. Enhance risk and liquidity management: The solution helps you combat fraud and money laundering more effectively by enhancing liquidity management
5. Improve customer retention: Advanced payment services add an edge to your service offerings and help significantly improve customer satisfaction, loyalty, and retention​."

Company codes are set productive

Company codes are set productive

My Client is on Live SAP system since 10 years and  want to set the company codes status to productive now,  as part of requirement of an external system which pulls  data based on productive company codes.

Currently the status in PRD system for all company codes is not productive as attached. IF they are set productive now,  what would be the impact on financial areas (Specially AA) if the company codes are set productive now ?

Solution:

A company code which is working productively should be indicated here by an "X". This prevents deletion programs from resetting data in this company code by mistake.

there is no retrospective impact of setting company code to productive at later stages. It implies that data can't be deleted programs from resetting data in this

company code from that point(activation) onwards.

SAP Contract Accounts Receivable and Payable

SAP Contract Accounts Receivable and Payable is a subsidiary ledger that is tailored towards the requirements of industry sectors with a high volume of business partners and a large number of documents for processing, such as:

·        Electronic Toll Collection

·        Banking (loans)

·        Leasing

·        Retail (mail order business)

·        Postal Services (large scale)

·        Railways (transportation of goods)

·        Internet content sales (for example, Apple-like businesses)

To meet the demands of high-volume business industries, the solution provides highly flexible processes to allow for a maximum of automation as well as mechanisms to guarantee outstanding system performance and scalability. The large number of postings, for example during billing, are managed in SAP Contract Accounts Receivable and Payable and uploaded to the general ledger.

Each individual business transaction, that is, each posting and each document for a given customer, is stored in order to guarantee itemized verification. These FI-CA documents are cumulated and transferred periodically to the general ledger of the Financial Accounting (FI) component or to a non-SAP system. When an FI-CA document is posted, accounts are determined automatically for G/L Accounting (FI-GL). All receivables, payables, revenue and expense accounts are automatically determined based on account assignment details in the line items.

Key functions of SAP Contract Accounts Receivable and Payable include the following:

·        Mass data processing

·        Reduction of memory space for storing open and cleared items

·        Performance of data change functions

·        Fast data input

·        Acceleration of all critical activities such as posting, payments, and returns processing

·        Automation of all transactions as far as possible

·        Flexibility and system openness

·        Flexible input format

·        Business process enhancements and seamless integration of customer-specific data without modification

·        Separation of user interface, checks, data storage

SAP Contract Accounts Receivable and Payable is suitable for worldwide implementation. It covers various statutory requirements (such as those that relate to tax legislation and accounting principles) and country-specific processes (such as the management of payment transactions).

SAP Contract Accounts Receivable and Payable is the backbone of the broader end-to-end process Consume to Cash in High Volume Business, which comprises the following processes:

·        Convergent Charging for online rating and charging

·        Convergent Invoicing for converging different billing streams on one customer invoice

·        Customer Financials Management

– Contracts Accounts Receivable and Payable (as described above)

– Credit Risk and Collections Management

– Financial Customer Care and Dispute Management

The overall end-to-end process serves the needs of online rating, charging and billing for any recurring or event-driven services or orders. In addition, Contract Accounts Receivable and Payable (FI-CA) facilitates the merge of different billing streams into one customer invoice. Customer Financials Management (CFM) can handle receivables management and payments, manage credit risk and collections, offer financial customer care and dispute management, and use electronic bill presentment and payment. In addition it brings together customer-facing activities and solid financial capabilities that ensure you comply with legal requirements. As it is compliant with statutory requirements on an international scale, its auditability is guaranteed.