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SAP Credit Management in S/4HANA (2020 release)

This blog provides an update on Credit Management capabilities based upon the S/4HANA 2020 release.

Basic Overviews of SAP Credit Management

The following blogs provide excellent overviews of SAP Credit Management:

SAP Credit management: Functional overview

SAP Credit Management in S/4HANA

SAP Credit Management in S/4HANA (1909)

 

SAP Credit Management in S/4HANA

Overview of the features of Credit Management in S/4HANA from a functional perspective:

New features for SAP S/4HANA 2020 Credit Management

  1. New Fiori App Manage Credit Accounts (new app) – provides a 360° view on credit management related information of a customer.  Manage Credit Accounts performs many of the functions in the existing GUI transaction UKM_BP,  but also provides new features such as an “overdue grid” that provides visibility of the customer’s credit exposure using predefined time series (0-30 days, 31-60 days, etc.).   For an overview of Manage Credit Accounts capabilities,  please see the following:

    • Search for business partners, for example, by country or credit group.

    • Navigate to the global credit data for your business partner.

    • Edit credit data, recalculate the scoring and trigger the update of configured follow-on events.

    • View the credit profile for information about scoring, risk class, and rules for credit management.

    • View an overview of credit segments in which the business partner exists.

    • Find information about blocked sales orders and navigate to the related sales orders.

    • Display all open credit limit requests in the global credit data and on segment level.

    • Display credit insurances and collaterals entered for the business partner.

    • Display negative credit events.

    • Display check exceptions.

    • Navigate into each credit segment to see the data maintained for each segment.

    • Find details about the credit limit, credit exposure, and account control on credit segment level.

    • See the amounts of overdue sales documents per period in an overdue grid.

    • See the credit analyst responsible for the segment.

    • See the payment behavior with key dates related to dunning, last payment, and oldest open item.

    • Find key figures for DSO, cash discounts, and sales of the last 12 months.

    • Add notes on global credit data level or on credit segment level.

    • For more information: https://help.sap.com/viewer/3cb1182b4a184bdd93f8d62e3f1f0741/2020.000/en-US/be5747120f22446dbaeabc02044722d3.html

  1. Two new Fiori apps provide alternatives for two key SAP GUI list displays:

a) Display Credit Exposure (new app)

b) Display Credit Account Data (new app)

  1. Additional Information “UKM_ADDINFOS_DISPLAY” (new transaction code)

  1. Check Configuration of Documented Credit Decisions (new customizing activity )

  1. Delete Credit Management Data (new app)

  1. Rebuild Credit Management Data (new app)

  1. Three SAP Analytics Cloud “Stories” for SAP Analytics Cloud provides you with analysis of your live data in SAP S/4HANA.

Relevant SAP Best Practices scope item here: Receivable Management Content Configuration with SAP Analytics Cloud (4CQ).

    • SAP Credit Management Reporting

      • Worklist format

      • Focus on exceptions

      • Highly flexible SAC configuration

    • Based upon the SAC story: SAP__FI_ANA_CREDIT

    • SAP Collections Management

      • Based upon the SAC story: SAP__FI_ANA_COLLECTION

    •  SAP Dispute Management

      • Based upon the SAC story: SAP__FI_ANA_DISPUTE

 For more information: https://rapid.sap.com/bp/#/scopeitems/4A6

 

For a list of all new Credit Management features available in S/4HANA 2020,  please see:

https://help.sap.com/doc/b870b6ebcd2e4b5890f16f4b06827064/2020.000/en-US/WN_OP2020_EN.pdf  (see section “Basic Credit Management”)

 

SAP Cloud for Credit Integration

  

An additional option for credit integration is the SAP Cloud for Credit Integration application service.  SAP S/4HANA Cloud for credit integration allows you to use external credit risk information in order to make better credit decisions and to automate the monitoring of your customers’ credit risk.

SAP S/⁠4HANA Cloud for credit integration extracts information from credit reports that are provided by the credit agencies and automatically updates the following organizational and credit data into your SAP Credit Management system:

  • Rating for a business partner provided by the credit agency

  • Legal form

  • Business partner identification number

  • Industry code

  • Date founded

As a result, in SAP Credit Management, your internal credit scoring is automatically recalculated according to your settings in Customizing. The business partner’s risk class and credit limit can be recalculated. This automated and simplified process enables the credit controller to take faster credit decisions based on the most recent data.

Connect to the world’s leading credit bureaus

Seamless integration of credit risk evaluation and reports delivered by credit agencies

More than 14 credit agencies already available.

Overview of SAP S/⁠4HANA Cloud for Credit Integration:

https://help.sap.com/viewer/2febe3e150944986bb1cb638edb63bfd/1.0/en-US

 

New features for SAP S/⁠4HANA Cloud for Credit Integration 2020:

  • Request investigations

  • New credit products:

    • Cyber Risk Report (CYBERRISKREPORT)

    • Extended-Check Report (EXTENDED-CHECKREPORT)

    • Compliance Check Report (COMPLIANCECHECKREPORT)

    • Due Diligence Field Visit (DUEDILIGENCEFIELDVISIT)

    • Credit Report with Planned Revision (CREDITREPORTPR)

    • Extended-Check Report with Planned Revision (EXTENDED-CHECKREPORTPR)

    • Slim Report with Planned Revision (SLIMREPORTPR)

  • For more information on SAP Cloud for Credit Integration 2020 new features: https://help.sap.com/viewer/3e611d71864f4bb796fe80494de9a1d1/1.0/en-US

Summary

This blog identified the major changes in Credit Management functionality in the S/4HANA 2020 release. Let me know what you think of this blog or if you have ideas for other blogs that are needed.

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