SAP Contract Accounts Receivable and Payable

Containing Financial Administration Cost with Contract Accounting with SAP ERP

Industries with a large customer base and a correspondingly high volume of documents to post (such as insurance or telecommunications companies) are looking for an accounts receivable and payable component that can manage and process all business transactions within defined time restrictions. With the focus on the integration of industry-specific processes and system architecture, system functions that will support seamless integration of customer-specific processes and data are required. Accounting components must address the new requirements for system openness, flexibility, and customer orientation.

To meet the market requirements for a sustainable, flexible, and powerful accounts receivable and payable component, the following basic aspects have to be considered in today's system development:

• Mass data processing
• Reduction of memory space for storing open and cleared items
• Performance of data change functions
• Performance of retrieval functions
• Fast data input
• Acceleration of all critical activities such as posting, payments, and returns processing
• Automation of all transactions as far as possible
• Flexibility and system openness
• Flexible input format
• Business process enhancements and seamless integration of customer-specific data without modification
• Separation of user interface, checks, data storage

SAP FI-CA is the response to market requirements for receivables management for mass data processing industries and for high system integration. FI-CA covers all standard accounts receivable and payable functions. Although FI-CA provides new functions, process enhancements for account receivable management, and a high degree of flexibility in functions, it does not replace the SAP classical application FI-AR. FI-CA represents an alternative subledger for industries with: a large volume of documents to process, a large volume of business partners, or industry- or customer-specific business processes that need to be seamlessly integrated into the customers' system architecture. SAP FI-CA covers all standard accounts receivable and payable functions. In addition, critical business transactions for mass data processing have been improved and new functions have been implemented.