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