Identifying the Key Capabilities of SAP S/4HANA Financial Contract Accounting for Cloud Selection Service
Objective
After completing this lesson, you will be able to identify the key capabilities of SAP S/4HANA Financial Contract Accounting for Cloud Selection Service.
The Key Capabilities of SAP S/4HANA Financial Contract Accounting for Cloud Selection Service
1. Financial Contract Accounting
High automatization of payment processes through fast, automated, and accurate payment handling, ultimately increasing customer satisfaction and allowing transparency of outstanding receivables.
Credit and collection processes provide a standard report and multilevel collection strategies.
2. Process Automatization Allows Easy Handling of High Volumes
All mass processes run automatically.
Error correction and reversal processes included to handle outstages or configuration errors.
Included access control and audit mechanisms.
3. SAP S/4HANA Platform Approach
Collect multiple data streams or sources.
Merge asynchronous data together.
Summarization of general ledger information (total records).
