Core operational component for managing high-volume financial transactions in insurance, including payables, receivables, and commissions.
SAP FS-CD is designed to handle the complex financial transactions typical in insurance operations. It provides robust processing power for managing payables, receivables, and agent/broker commissions, aiming to streamline and automate financial processes for insurers.
Feature List
- High-volume transaction processing
- Payables and receivables management
- Commission calculation and payment
- Process automation
- Integration with core insurance systems
- Reporting and analytics
Use Case Scenarios
- An insurance company implements FS-CD to automate premium collection and claims payout processes.
- A large agency-based insurer uses FS-CD to manage complex commission structures for its distribution network.
- An insurer's finance team leverages FS-CD's reporting capabilities for real-time insights into cash flow and financial positions.
Functionality Overview
SAP FS-CD functions as a comprehensive financial transaction management system. It handles the entire lifecycle of financial transactions, from initiation to settlement. The system automates routine processes, calculates commissions based on complex rules, and ensures accurate and timely payments and collections. Its integration with other insurance systems ensures data consistency and supports end-to-end financial processes.
