Financial Settlement in SAP S/4HANA Settlement Management
Flexible and transparent: SAP S/4HANA Settlement Management! This SAP module supports you in efficiently mapping all of your company's financial settlement processes.
In the standard SAP system, SAP S/4HANA Settlement Management provides the basis for the settlement of a wide range of financial processes. In addition to the logic for pooled payments and central billing, processes such as factoring and credit card settlements can also be mapped in SAP Settlement Management.
All of these processes are characterized by:
- powerful processing of large document volumes,
- correct calculation of commissions and del credere fees,
- reliable processing of settlement runs and
- consistent payment processing.
Explanation of a Financial Settlement Process Using the Example of a Pooled Payment: What is a Pooled Payment?
In the case of a pooled payment, payables from different customers (consolidated, for example, into an association or via a company structure) are paid and posted centrally. Suppliers benefit by receiving a single payment amount from one central location for several different receivables. Fees (commission) payable by the supplier are often due for this pooled payment.