Your Complete Financial Control

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SAPDAY brings collaboration and innovation to various sectors including the public sector in the delivery of simple people centric Revenue, Tax, Treasury, Debt Collection and Grants Management through:

 

• Financial Management

• Revenue Growth

• Collections Optimization 

• Disbursements

• Treasury and Risk Management

• Process Solutions

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SAP FICA (Finance and Contract Accounting)

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As is evident from it’s name SAP FICA is subledger accounting that allows organizations to manage huge volume of documents and master data. As the needs increased with a dependency on big transactions and the increased complexity of accounting processes, SAP developed FICA. It allows organizations to make millions of daily transaction and post billions of documents in total without having any performance issue.

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Apart from thinking as a subledger we use it as a module on its own in a wide variety of sectors such as education, telecommunication, insurance, public sector and of course utilities. With the sales modules (BI-INV, SD, C/4HANA etc.) integrated to SAP FICA, you will improve sales transactions such as collection, collection cancellation, other clearing forms or submitting to regulatory authorities, etc. FICA automates accounting movements and eliminates manual processes, it ensures that your financials are 100% consistency.

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Some of the main contents of SAP FICA that SAPDAY have implemented with Our Customers include:

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Incoming payments:

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1. Cash Desk Collection

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• Cash Payments

• Credit Card Payments (POS Integrated)

• Postal Orders

 

2. Online Collection (External Cash Desk)

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• Online Bank Payments

• PTT Payments

• Official web site Payments

 

Outgoing payments:

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• Online refunds

• Offline payment orders

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Security management:

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1. Cash Securities

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• Security Request and payments

• Calculation interest on security deposit

• Return processes

• Migration

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2. Non Cash Securities

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• Letter of bank guarantee tracking

• Settlement and refund processes

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Interest Calculation and Management:

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• Calculation interest

• Defining different interest rules

• Interest Locks

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Dunning and Collections:

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• Dunning Configuration with Parameters

• Submission to External Collection (Case Management)

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Deferral/Installment Plan:

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• Installment plans

• Promise to Pay

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Accounting and Taxes

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Internal & External Integration:

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1.Internal Integration

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• SAP S/4HANA, FI, CO, SD, DM, BI, BW, C/4HANA etc.

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2.External Integration

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• External Cash Desk (Banks, PTT, Payment Centers)

• Call Center

• Case Management

• Official Web Site etc.

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SAP FICA presents to organizations flexible and broad solutions for their unlimited scenarios and the common problems all about their accounting and non accounting transactions.

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SAP PSCD (Public Sector Collections and Disbursement)

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SAPDAY are experts at planning, implementing and supporting SAP PSCD. SAP PSCD is the industry specific version of Contract Accounts Receivable and Payable for the public sector. It is used to manage taxes, charges and state benefits from/for business partners, citizens, students, and taxpayers. The business partners (citizen, student or taxpayer), their accounts (citizen accounts, student accounts or tax accounts) and contract objects (objects for taxes and state benefits), including the related organizational transactions, are managed in Contract Accounts Receivable and Payable.

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SAP PSCD improves revenue collections and compliance, providing a configurable solution offering a single view of the customer, supporting multiple revenue types.

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Master data management for Contract Accounts Receivable and Payable makes it possible to connect business partners, contract accounts and contract objects in all possible combinations. At the contract object level, you can create a direct representation of individual receivables or commitments in the system.

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Contract Accounts Receivable and Payable, when used for customer accounting, is designed for the demands and processing of mass data and is administrated as an independent subledger, parallel to the general ledger in the Financial Accounting component. When using Contract Accounts Receivable and Payable, system performance is improved because mass processing of individual documents is managed and the intensive runtime exchange of updated and relevant data can be processed as totals records, at whatever time suits (e.g. overnight). In addition to Financial Accounting, integration between other SAP components such as Funds Management (PSM-FM), Controlling (CO) and Sales and Distribution (SD) can also occur.

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Implementation Considerations

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Public Sector Contract Accounting is an enhancement to SAP ERP (Enterprise Resource Management) and can have many integrated relationships with other SAP components. The components that are integrated depending on the specific requirements of your organization. The basic requirement for using Public Sector Contract Accounting is integration with the General Ledger Accounting (FI-GL) component.

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Contract Accounts Receivable and Payable provides the basic functions that are used by sectors with a high turnover of documents. There are also additional industry specific functions that suit the requirements of a particular sector, for example Public Services. To use one of these application areas (sectors), activate the Contract Accounts Receivable and Payable intended for your industry.

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Features

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The following gives you an overview of functions specific to Public Sector Contract Accounting:

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Master Data Maintenance 

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In addition to the master data maintenance of business partners and contract accounts, you can also use the master data object contract object in Public Sector Contract Accounting. Contract objects are used as the basis for any correspondence regarding taxes, charges and state benefits between a public sector organization and a business partner.

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Maintaining Inbound Correspondence

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You can use contract objects to control the obligation of a business partner to submit Inbound Correspondence. This obligation can be set up individually for each business partner. You can perform mass or single processing runs to select overdue inbound correspondence and execute a correspondence dunning run.

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Invoicing

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Open items that are not regulated by payment processing in the payment program can be selected in a mass processing run. These open items are issued as invoices to the relevant business partners.

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Funds Management Integration (PSM-FM)

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You can integrate Public Sector Contract Accounting with Funds Management (PSM-FM).

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Advantages

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• Consistent view of customers

• Verified and reconciled filing data

• Timely and automated mass processing

• Centralized payment history

• Simple for your customers and is a low cost option

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SAP Treasury and Risk Management

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Automate treasury tasks and link workflows for cash and risk management to core business processes. 

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Organizational Challenges

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• Fulfilment of your operational and accounting compliance for financial transactions, which are demanding and labor intensive

• Labor intensive, time consuming and error prone core treasury processes 

• Treasury processes that utilize many different systems and numerous complicated spreadsheets

• Treasury views not up to date on such important items as interest rate risk and foreign exchange risk

• The inability to provide timely insights into available cash to optimize your working capital

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Advantages

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Forecast cash flow accurately, manage liquidity and mitigate risks. With the SAP Treasury and Risk Management you can integrate cash flows, transactions, commodity positions, market data and optimize straight through processing with full view and real time analysis, audit trails and compliance reporting.

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• Automate your processes for managing financial transactions

• Ease your operational and accounting compliance

• Report and manage your risks across foreign exchange and interest rates

• Have an accurate view of your cash position and make better investment and borrowing decisions

• Reduce your cost of capital through better debt management

• Reduce your working capital with the help of improved liquidity forecasts

• Reduction of interfaces through seamless integration into your SAP environment

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​The SAPDAY rapid deployment solutions in the Treasury and Financial Risk Management space help you to gain greater insight and control over complex processes for managing cash, liquidity and risk. Dedicated package are available for:

 

SAP Treasury and Risk Management Rapid Deployment:

 

In this package you get core cash and treasury functionality up and running with a low cost, fixed scope implementation based on best practice. It is a complete, ready to run implementation, which includes the common instruments for money market, foreign exchange, debt and investments and interest rate hedging. This includes sample master data, such as business partners, yield curves and limits, well documented organizational processes and predefined reports.

 

SAPDAY Payments and Bank Communications Rapid Deployment: 

 

SAPDAY will quickly configure, centralize and optimize your processes. From in house banking, to corporate to bank communication, in order to streamline your treasury operations and achieve financial excellence. This approach helps you to automate intercompany settlements without the use of external bank accounts. It streamlines the process for intercompany payments, cuts settlement costs and eliminates float. Payment on behalf helps you to centralize vendor payments, cut settlement costs and remove the need for cross border transfers by funneling all payments through the internal bank that pays on behalf of the subsidiaries.

 

SAP Business Suite Integration for SAP Financial Services Network Rapid Deployment

 

SAP Financial Services Network is an innovative SAP cloud based solution that connects and enables electronic transactions between Corporates and Banks, providing a single Integration point and includes services such as payment processing and central monitoring. With SADAY's Rapid Deployment, you can quickly connect your SAP Business Suite system to the cloud based Financial Service Network secured, owned and managed by SAP providing pre configured content for the payment process.

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SAPDAY Enables Your Organization to Become The Most Strategic and Provide Financial Leadership

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• Cut costs, automate further without spoiling service levels

• Have all risk factors under control

• Be a trusted adviser across the organization without the need to hire more people

• Ensure that your back office is ready for international expansion

• Be prepared for upcoming regulations

• Be mobile technology ready

• Increase transparency into current cashflows

• Invest to be more real time and responsive

 

SAP BRFplus

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A key function of systems based on business rules is partial or complete separation of business logic from the application code. Thanks to this, it became possible to transfer complete or partial responsibility for designing, modelling and maintaining organizational rules by Your People. SAP Business Rules Framework Plus (BRFplus) is a tool of the Business Rules Management System class, increasing possibilities of adjusting SAP applications based on organizational rules.

 

The applications of the SAP Business Suite package such as SAP ERP, CRM and SRM allow implementation of complex organizational processes, supporting organizations practically in all areas of their activities. The impressive adaptation possibilities of the SAP Business Suite package applications to the most complex requirements of business processes are widely known. The applications of the SAP Business Suite package can be configured using standard tools e.g. creating entries in hundreds of control tables, they can also be enhanced by logic implemented in the ABAP extensions specific for a given enterprise.

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Business Rules

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Business rules are present in all organizations and they assume various forms, e.g. they can constitute guidelines gathered in documentation available on your organization's portal or particular algorithms implemented in SAP systems or tacit knowledge. Regardless of the form, business rules have a fundamental meaning for the operations of all organizations.

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There are numerous more or less formal definitions of a business rule. According to Business Rules Group, which is an organization associating experts and defining standards in the field of business rules management, “a business rule is a statement which defines or constrains some aspect of a business. It is expected to ensure business structure or to control or impact business behavior.” In the context of technology, it is much more comfortable to assume a more technical definition, which states that “a business rule expresses certain limitations related to the creation, updating and removal of persistent data in a technical system.”

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Examples of business rule applications:

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• Calculating the credit rating of a person applying for a mortgage

• Calculating the amount of a vehicle third party insurance contribution

• Calculating the product sales price

• Classification of the outgoing bank transfer to the category/subcategory in order to analyze expenses

• Assigning the right approval path to purchase requisition

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BRFplus is part of the SAP NetWeaver ABAP server and integrated in many business applications. BRFplus is already used in many SAP applications as well as custom projects across all business areas and industries. It combines the powerful ABAP software logistics with the agility and flexibility demanded by organizational experts. Business Rule Framework plus (BRFplus) provides a comprehensive application programming interface (API) and user interface (UI) for defining and processing business rules. It allows you to model rules in an intuitive way and to reuse these rules in different applications. All SAP applications that are based on SAP NetWeaver can access BRFplus within the boundaries of an SAP system. However, it is also possible to generate web services so that BRFplus rules can also be offered as a service in a SOA landscape, regardless of the software platform used by the service consumers.

 

Some examples of scenarios in which applications use BRFplus:

 

• Validation of data and detection of invalid data and states

• Matching responsibilities, suitable products and locations

• Calculation of costs, overhead and risks

• BRFplus as a technical configuration engine

 

Major BRFplus components include application, function, catalog, expression, action and data objects.

 

The interface between a business rule modeled with BRFplus and an application using that rule is provided by a BRFplus function. The function serves as a container for the entire business logic of a rule, no matter how complex it may be. Rules can be implemented as expressions which are assigned to a function. The rule input is known as context and the rule output is called result. Context and result consist of data objects of one of the following types: element, structure, and table. BRFplus supports features such as simulation, trace, transport, XML export and import.

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The Road to Effective Organizational Rules

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BRFplus has always been highly configurable. Very complex organizational requirements can be implemented using the ABAP extensions. For years SAPDAY's Customers have been able to take advantage of the entire spectrum of tools and frameworks which have a lot in common with business rules, e.g. validations and substitutions in SAP FI, CO, PS modules. Condition techniques present in SAP MM, SD modules used to determine price conditions and output information (printouts, emails, etc.) or rules modeled in the workflow templates, controlling e.g. whether a given workflow task is sent.

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If you are implementing new SAP systems such as SAP TM (Transportation Management), as well as new functionalities made available within the EHP packages for the SAP ERP system e.g. a shopping cart in SAP ERP similar to the one from SAP SRM, are more frequently based on the maintenance of business rules in BRFplus.

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The use of BRFplus has the following advantages:

 

• Higher degree of transparency

• Less coordination efforts between technology experts and business experts

• Less testing and maintenance costs

• Reduced modification cycle times

• Quicker response to changes

• No downtime needed because code change is not required

• Clear segregation of duties – code (technology department) and business rules (business expert)

• Quicker application development because business rules are a powerful means for flexible application customizing

• Convenient graphical representation

• Controlled automation of business decisions 

• Significantly quicker and easier implementation of changes in the existing business rules

• Decreased costs of maintaining and adapting business rules to changing conditions

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SAPDAY BRFplus Offering:

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SAPDAY has vast experience in designing, implementing and supporting SAP BRFplus projects. SAPDAY provide the following configured services related to the implementation of BRFplus:

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• Working with you to design your organizational processes, that fit within the BRFplus framework

• The implementation of decision services and ABAP extensions based on the BRFplus technology

• Refactoring the existing ABAP extensions which are problematic in their maintenance and which require frequent changes and involvement of ABAP programmers

• Training Your People in the field of designing, modelling and using the BRFplus objects

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The SAPDAY Difference

 

When you engage with SAPDAY you gain access to the true experts experts across financial management including in SAP Tax and Revenue Management, SAP S/4HANA, SAP Treasury and Risk Management, SAP Grants Management, SAP Debt Collection Management and SAP Public Sector Collections and Disbursements to name a few. SAPDAY deploys and supports innovative transformational solutions, leveraging from the many synergies across multiple industries, finance departments and tax offices at every level of government. SAPDAY delivers to you extensive implementation accelerators, templates and in depth domain knowledge across various tax types, processes, collections and revenue maximization.​

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