Transform your incoming payment processing with SAP Financial Services Contract Accounting
The highly automated incoming payment processing system provided by SAP FS-CD includes flexible payment logic, manual dispute case management, flexible configurable dunning processes, interest calculations, broker collections, and payment plans. It also supports several different outgoing payment options, such as transfers and checks. The SAP FS-CD serves as a central booking interface for all insurance systems, including coinsurance and reinsurance as well as management of policies, claims, and commissions. The module uses effective bulk data processing functions and a high level of automation to handle a large amount of data.
SAP FS-CD Key Benefits
Industry-Specific Functionality
Automation & Centralization of Contract Management
Improved Cash-flow & Compliance
Enhanced Visibility & Reporting
Collaboration & Communication
Cost Savings
It's also important to understand the customer's pain points and how SAP Contract Accounting & Payment Engine and FSCD can address them. Noshtek’s approach is to conduct a business process review to identify areas where SAP Contract Accounting & Payment Engine and FSCD can provide the most value and demonstrate how they can help the customer's business.