SAP Finance and Contract Accounting (FI-CA)
Effectively manage financial product contracts, payments, accounting, and risk management
An industry-specific cross-application component called SAP FI-CA is utilized in applications like SAP ISU, telecom, insurance, and others. These organizations, who primarily cater to the B2C market and typically have very sizable customer bases, are able to manage sizable volumes of documents and master data. It aids in the effective automation of financial transactions and settlements.
SAP FI-CA Features
SAP Financial Accounting for Contracts and Leases (FI-CA) is a component of the SAP Financial Accounting (FI) module that can be integrated with SAP Contract Accounting & Payment Engine and Financial Services Contract Accounting (FS-CD) to provide additional functionality for businesses in the financial services industry.
Automated Accounting Documentation
FI-CA can automatically create accounting documents based on the data in SAP Contract Accounting & Payment Engine and FS-CD, reducing the need for manual data entry.
Accounting for Financial Products
FI-CA can provide accounting functionalities for financial products such as loans and insurance, which can help the financial institution to understand the financial impact of their products.
Compliance
FI-CA can help businesses comply with financial regulations by providing a centralized location for contract and payment information.
Risk Management
FI-CA can provide tools for managing and mitigating financial risks, such as credit risk, market risk, and liquidity risk.
Financial Product Modeling
FI-CA can provide functionalities for modeling financial products such as loans and insurance, which can help the financial institution to understand the financial impact of their products.