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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.
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.
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.
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:
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.