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
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.
Two new Fiori apps provide alternatives for two key SAP GUI list displays:
a) Display Credit Exposure (new app)
The functionality of transaction UKM_COMMITMENTS has been made available as the Fiori app: Display Credit Exposure
b) Display Credit Account Data (new app)
The functionality of transaction UKM_BP_DISPLAY has been made available as the Fiori app: Display Credit Account Data
For more information on Display Credit Account Data:
Additional Information “UKM_ADDINFOS_DISPLAY” (new transaction code)
The transaction Additional Information in Credit Management(UKM_ADDINFOS_DISPLAY) is now available in SAP Menu
Check Configuration of Documented Credit Decisions (new customizing activity )
Use the new customizing activity Check Configuration of Documented Credit Decisions(UKM_DCD_SETUP_CHECK) to check whether the configuration settings that you have made for documented credit decisions are free of errors.
Delete Credit Management Data (new app)
This new app enables you to delete the credit exposure and the payment behavior summary of business partners.
Rebuild Credit Management Data (new app)
This new app allows you to schedule jobs for SAP Credit Management. With the jobs available in this app, you can rebuild data relevant for credit management.
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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