Voucher Processing in SAP S/4HANA Settlement Management
S/4HANA Settlement Management offers complete transparency over outstanding vouchers, flexible settlement logic, and comprehensive integration into accounting.
What is SAP S/4HANA Settlement Management?
SAP S/4HANA Settlement Management has replaced the former Agency Business (LO-AB) and Compensation Management components used in SAP ERP. Settlement Management can be used for the integrated mapping of financial processes, such as commission and rebate settlements, in many different industries. In general, standard SAP functions can be used to easily implement customer-specific and special financial settlement processes in Settlement Management.
What Challenges Does Voucher Processing Present?
Vouchers are usually sold anonymously online or in stores and it may be months before the vouchers are redeemed. This fact makes it difficult to obtain a clear overview of the vouchers in circulation.
How Can SAP Settlement Management Help?
Settlement Management is able to provide a precise overview of the vouchers issued and their status at all times. You therefore have complete transparency over the vouchers that have already been redeemed as well as the fees settled at voucher level. For this processing, it is irrelevant whether the sales originate from a group of companies, such as a trade cooperative in particular, franchises, or a central purchasing department.
What Functions Does Voucher Processing Offer in SAP Settlement Management?