How To Fix FKK_FACT048 - Receviable &1 was offered to factor &2, hence no answer from factor &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_FACT - FI-CA: Factoring

• Message number: 048

• Message text: Receviable &1 was offered to factor &2, hence no answer from factor &3

What causes this issue?

The receivable &V1& has been offered to the factor&V2&, therefore no
answer from the factor &V3& can be received for this receivable.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_FACT048 - Receviable &1 was offered to factor &2, hence no answer from factor &3 ?

  The SAP error message FKK_FACT048 indicates that a receivable (invoice or payment) has been offered to a factoring company (factor) and that there has been no response from another factor regarding that receivable. This typically occurs in the context of accounts receivable management and factoring processes within SAP.
  Cause:
  
  Factoring Process: The receivable has been submitted to a specific factor (e.g., Factor &2) for financing or collection, and the system is indicating that it cannot process the request for another factor (e.g., Factor &3) because the receivable is already under consideration by the first factor.
  System Configuration: There may be configuration settings in the SAP system that dictate how receivables are managed and offered to factors, which could lead to this message if not set up correctly.
  Timing Issues: If the receivable was recently submitted to the first factor, there may be a delay in processing or response, leading to this error when trying to engage a second factor.
  
  Solution:
  
  Check Factor Status: Verify the status of the receivable with the first factor (Factor &2). Ensure that it is still under consideration and that you have not received a response yet.
  Wait for Response: If the receivable is still pending with the first factor, you may need to wait for their response before attempting to engage another factor.
  Review Configuration: Check the configuration settings in the SAP system related to factoring and receivables. Ensure that the settings allow for multiple factors to be engaged if that is the intended business process.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines on the factoring process to ensure compliance with the expected procedures.
  Contact Support: If the issue persists or if you believe it is a system error, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  Related Information:
  
  Factoring in SAP: Factoring is a financial transaction where a business sells its receivables to a third party (factor) at a discount. This is often used to improve cash flow.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to factoring and accounts receivable management, such as F-28 (Post Incoming Payments) or F-32 (Clear Customer).
  Documentation: Review SAP notes and documentation related to the FKK (Financial Contract Management) module for more insights into handling factoring processes.
  
  By addressing the cause and following the suggested solutions, you should be able to resolve the FKK_FACT048 error message effectively.