Contract Accounting - Cash Application (47I)

Contract Accounting - Cash Application (47I)

In FI-CA, when you transfer your bank statement to payment lots, standard rule-based proposals are generated and the automatic posting and clearing is executed. If you have activated this scope item, the new machine learning service is triggered for payment lot items where the clearing is not successfully completed. This service proposes selection categories and selection values for triggering the FI-CA clearing control. If you choose to trigger the automatic clearing and the confidence level is above the threshold, the FI-CA clearing control is automatically processed with consideration to the machine learning proposals.

Key Process Steps Covered

  • Connect to machine learning service and configure machine learning confidence level
  • Train your machine learning model
  • Run payment lot, send data to machine learning service, and fetch the proposal
  • Process the clarifications

Benefits

  • Automate the clearing of incoming payments to open receivables
  • Improve the automatic clearing rate by applying machine learning techniques to the bank statement incoming payment and clearing process
  • Reduce manual work and save costs

Additional Information

  • This scope item requires an additional SAP S/4HANA Cloud license

Where is Contract Accounting - Cash Application(47I) being used?

This Scope item is used in the following way:

  • As a core function of Subscription Billing and Revenue Management within Finance Scope Item Group

Process flow of Contract Accounting - Cash Application (47I)

Find below the process flow of the scope item Contract Accounting - Cash Application as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Contract Accounting - Cash Application (47I) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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