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SAP Billing and Revenue Innovation Management – Localization: Innovations and Demo

cheng-hua_huang
Product and Topic Expert
Product and Topic Expert
‎2024 Jul 24 10:29 AM
616

Hi SAP Community!

This blog post brings you the latest innovations, features, and demos that show how legal requirements can spark software innovation in SAP Billing and Revenue Innovation Management for localization in SAP S/4HANA Cloud Public Edition 2408.

We are talking about a comprehensive solution that handles subscription and usage-based models. It provides a standardized approach to recurring billing, invoicing, tax compliance, and automation.

The product is designed to optimize global tax calculation, billing, invoicing, reporting, and payment collection, while ensuring seamless compliance. Localization ensures compliance with country/region-specific regulations by connecting core business processes.

With each release, SAP introduces localized country/region versions and new functions to assist customers with tax compliance, billing, invoicing, automation, and streamlined processes. This not only helps reduce compliance risks and costs but also improves the sustainability of tax operations.

For example, in SAP S/4HANA Cloud 2408, several countries/regions and functions were delivered in the product area of SAP Billing and Revenue Innovation Management for localization.

IFR (002).png

Additional functions that were not part of the roadmap were also delivered:

IFR_not on Roodmap (002).png

One example from public cloud release 2408 innovations is electronic invoicing in Convergent Invoicing for Türkiye.

Let me show you the process flow for outgoing eInvoice for Türkiye.

process flow (002).png

I’d like to show you also how the different scenarios are handled:

different scenarios (002).png

To complement, I want to provide you with a demo of electronic invoicing in Convergent Invoicing for Turkey with SAP Document and Reporting Compliance. I’ll show you how the system can adapt to specific country/region-specific regulations and streamline the invoicing process.

Electronic Invoicing in Convergent Invoicing for Türkiye

For more information, I encourage you to visit the following links:

The purpose of this post is to show you how SAP Billing and Revenue Innovation Management for SAP S/4HANA Localization is a game-changer for businesses looking to streamline their financial operations while ensuring compliance with local regulations. Stay tuned for more updates and innovations in this space!

I hope you found this blog post interesting. If so, I invite you to follow my profile and the tags SAP Document and Reporting Compliance and SAP Billing and Revenue Innovation Management. Also, feel free to leave a comment or a suggestion in the comment section.

Thank you for choosing SAP to run your business complaint with local tax authorities!

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