How To Fix FICUSTOM124 - Basis points evaluation not performed. CVFR has not been configured

SAP Error Message - Details

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 124

• Message text: Basis points evaluation not performed. CVFR has not been configured

What causes this issue?

You have the Prompt Payment Act function active for your company code.
The Current Value of Funds rate (CVFR) has not been configured.

System Response

If this message has been configured as an error message, further
processing will not occur until the CVFR has been configured. For all
other message types, processing will continue without comparing the
purchase card basis points and the CVFR.

How to fix this error?

Configure the CVFR in the Prompt Payment Act configuration.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICUSTOM124 - Basis points evaluation not performed. CVFR has not been configured ?

  The SAP error message FICUSTOM124 indicates that the system is unable to perform the basis points evaluation because the configuration for the CVFR (Custom Value for Financial Reporting) has not been set up. This error typically arises in the context of financial transactions or reporting where basis points (bps) are used to represent changes in interest rates or other financial metrics.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the necessary configuration for CVFR has not been completed in the SAP system. This configuration is essential for the system to understand how to evaluate basis points in the context of financial reporting.
  Incorrect Settings: There may be incorrect or incomplete settings in the financial configuration that prevent the system from processing the basis points correctly.
  Version Issues: Sometimes, the error can arise due to version mismatches or updates that have not been applied correctly.
  
  Solution:
  To resolve the FICUSTOM124 error, follow these steps:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for financial reporting in your SAP system.
  Ensure that the CVFR settings are properly configured. This may involve defining how basis points are calculated and applied in your financial reports.
  
  
  
  Transaction Codes:
  
  Use transaction codes like SPRO to access the configuration menu.
  Look for the relevant sections under Financial Accounting (FI) or Financial Supply Chain Management (FSCM) where CVFR settings can be adjusted.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help guides specific to your version of SAP for detailed instructions on configuring CVFR.
  Check for any notes or updates from SAP that might address this specific error.
  
  
  
  Testing:
  
  After making the necessary configuration changes, perform a test transaction to ensure that the basis points evaluation is now functioning correctly.
  
  
  
  Seek Help:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance based on your specific system setup.
  
  
  
  Related Information:
  
  Basis Points: A basis point is equal to 1/100th of a percentage point (0.01%). It is commonly used in finance to describe the percentage change in value or interest rates.
  Financial Reporting: Proper configuration of financial reporting settings is crucial for accurate financial analysis and compliance.
  SAP Notes: Regularly check SAP Notes for any updates or patches that may address known issues related to financial reporting and CVFR.
  
  By following these steps, you should be able to resolve the FICUSTOM124 error and ensure that your SAP system can perform basis points evaluations correctly.