SAP FSCD Online Training

SAP FSCD stands for SAP Financial Services — Collections and disbursements. It is a component of insurance and provides features to carry out insurance tasks: processing of incoming payments, handling payments, etc. Cross-industry tasks are carried out by this module like payable accounting, receivable accounting, and dunning. SAP FSCD is an important component of the SAP Insurance Product Family. It supplies all the functions demand for sub-ledger accounting in insurance business.

The main components of this module are as follows.

  • Direct integration with SAP BP
  • Invoicing of brokers
  • Maintenance of the customer hierarchy
  • Check management to void, reissue or cash checks
  • Payment engine
  • Premium invoicing of customers
  • Automatic reminders for overdue accounts
  • Automated depreciation functionality for items within an adjustable tolerance
  • External interfaces enabling policy management systems to create billing data

Overview

Introduction

Master data

  • Business partners
  • Relationships
  • Contract accounts
  • Insurance objects and relationships

Account balance display

Documents

Payment

Returns processing

Determination of accounts

Determination of transactions

Clearing control or clarification processing

Private or dunning collection agencies

Incoming payments

Interest calculation

Installment or deferral plan

Other business transactions

  • Clearing reset
  • Reversal of documents
  • Account maintenance
  • Write off
  • Clearing reset
  • Document transfer
  • Individual value adjustment or mark as doubtful
  • Credit worthiness

Adding calculated members

Security deposits

Integration with other SAP modules

  • FICO
  • SD

Functional specifications

Events

Table usage

Function modules

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