#FS NAVIGATOR SOFTWARE SOFTWARE#

they provide RFC Function Modules that can be called out of FS-CD).Д«ut real-time integration and operation is not mandatory, but strongly recommended. FS-CD can also trigger external functions, which are provided by these feeder systems, if they are able to be вЂcontrolled remotelyвЂ™ (e.g. These Information Containers are intended to transfer data back towards various feeder systems - either near-time, or scheduled automatically at a later point in time. In addition FS-CD includes powerful outbound interfaces named вЂ Information ContainersвЂ™, which can send structured information to different external systems, primarily for submitting FS-CD process results.

In addition these RFC Function Modules can be encapsulated into Web Services and exposed through Web Service Technologies in the Application Server (please see also ABAP Web Services). Therefore SAP offers appropriate eSOA Enterprise Services for Insurance Billing and Payment, or alternatively classical Business Application Programming Interfaces (BAPIs), exposing Remote-Function-Call-enabled Function Modules (RFC). For example different policy administration systems, claims management systems, commission systems, or re-insurance systems - used within a group of affiliated insurance companies - can be integrated into one and the same SAP FS-CD system and client.ДЄny feeder system can collaborate real-time (online) with FS-CD, mainly depending on its capabilities. FS-CD Master Data ensure fast and accurate high-volume processingДifferent policy management systems, claims systems, commission systems, re-insurance systems and other calculating as well as operationally leading insurance systems can be integrated into one SAP Collections and Disbursement instance.

These rules can be configured customer-specific, utilizing reasoned SAP Customizing in combination with robust enhancement possibilities, if required.Дў.

On the other hand all master data and transactional (posting) data contain detailed attributes, especially to apply different legal and business rules. On the one hand it is designed for automated billing and payment handling, especially regarding high volume of transactions. SAP Collections and Disbursements supports various lines of insurance business, insurances types, currencies, incoming and outgoing payment methods within one system.

Updating general ledger, based on summarized documents as well as reconciliation with financial accounting, considering all cash flow relevant insurance related receivables and payables as well as associated revenues (profits) and expenses (losses).

reminder, dunning letter, return notice, deferral and installment plan agreement), and payment form, payment note, receipt, outgoing cheque, outgoing payment advice, direct debit notification), or to exceptions (e.g.

creating and issuing correspondence that is related to postings (e.g., invoice, account statement), payments (e.g.

Broker Collections and Submitting Receivables to Collection Agencies),

posting and settling incoming or outgoing payments with third parties, which do collections or disbursements on behalf (e.g.

posting and settling coinsurance premium shares, related commissions, and charges,.

managing deposit accounts, including automated withdrawal,.

balancing (offsetting) receivables with payables through automatic account maintenance,.

outgoing bank transfer, electronic fund transfer, or money transfer to credit card), direct debit, debit memo procedure, credit card collection, or deposit account withdrawal),

creating insurer-initiated incoming payments (e.g.

cheque, incoming bank transfer, or electronic fund transfer),

processing customer-initiated incoming payments (e.g.

posting all to-be-paid receivables and payables that are insurance related,.

#FS NAVIGATOR SOFTWARE SOFTWARE#

The SAP for Insurance software application вЂ Collections and Disbursements (FS-CD)вЂ™ provides proven functions to insurance companies and re-insurers for automated cash relevant posting and payment processing, in particular SAP Collections and Disbursements (FS-CD) SAP Collections and Disbursements (FS-CD): Overview of FS-CD Master Data В© SAP SE, 2016, Jochem SchueltkeДЎ.

Fs navigator software