Automatic Payment Blocking When Changing The Bank Details Of The Business Partner(Vendor) – Dual Control Functionality in SAP

SAP S/4HANA, FIN (Finance), SAP Bank Communication Management, SAP Fiori

Introduction: Sensitive Data Fields provide a dual control function in SAP to provide more security when changes are made in Business Partner Master Data records. After activating the Sensitive Data Fields functionality, changes done by one user and have to be confirmed by another user (authorized person), thereby facilitating strong control over unauthorized modification. Changes […]

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Straight Line Revenue Recognition-IFRS 16 Using Valuation Approach

FIN (Finance), SAP S/4HANA Finance, FIN Accounts Receivable and Payable

SAP Flexible Real Estate management (RE-FX) has provided so many out of the box functionalities which continue to facilitate Real Estate companies to automate their business processes, provide real-time reporting of Real Estate portfolio and integrate posting from RE-FX to accounting (FI/CO). Linearization of operating leasing income over the entire duration of the lease out […]

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SAP S/4HANA Cloud for advanced financial closing: SCIM V2

FIN (Finance), SAP S/4HANA Cloud, SAP S/4HANA Finance, SAP S/4HANA Cloud for Finance

With the latest major release 3.0 of SAP S/4HANA Cloud for advanced financial closing (AFC) on January 19th, 2023, the new feature System for Cross-domain Identity Management (SCIM V2) was introduced. Background of this feature In previous releases of SAP S/4HANA Cloud for advanced financial closing (AFC), it was only possible to introduce users and […]

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Post Vendor and Customer Invoices Using PaPM’s Remote Function Adapter Finance Accounts Payable and Receivable

SAP Profitability and Performance Management, FIN General Ledger

It’s time to present the next Remote Function Adapters (RFA) delivered by SAP Profitability and Performance Management (PaPM), namely the RFA Finance Accounts Payable (RFA FI-AP) and RFA Finance Accounts Receivable (RFA FI-AR). These RFAs, along with other functions provided by PaPM, such as allocations, calculations, joins, can facilitate various business processes of calculating values […]

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Instant Payments in Brazil (PIX) in SAP S/4HANA Cloud

SAP S/4HANA Finance, FIN (Finance), SAP S/4HANA Cloud

Instant payments represent a new arrangement within the Brazilian financial system that allows 24/7 transactions in real-time between different institutions without the need for intermediaries such as card schemes, acquirers, or issuers. This blog post helps you understand the individual functionalities and solutions regarding Brazilian Instant Payments in SAP S/4 HANA Cloud. This blog is […]

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Maintaining Multiple Currencies for Company Code in SAP S/4HANA

FIN (Finance)

In SAP, things are continuously changing and becoming more compatible with real-time scenarios. One of the changes is parallel currency; their business can use multiple currencies for company codes. The parallel currency functionality can assist multi-national corporations in recording their financial transaction and producing financial reports in several currencies. Introduction The blog approaches the real-time […]

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Manage Automatic Payments-Automatic Payment Advice By Email

FIN (Finance), SAP S/4HANA, SAP ABAP Development

Introduction: The payment run process is an accounts payable process that is used to handle payments to vendors. The process is called an automatic payment program. The automatic Payment Program (F110) is used to clear the open invoices and post the payments against the invoices. F110 is the standard t-code or Manage Automatic Payment Application […]

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