What is social deduction plan in SAP CRM-IPS - Public Sector?

SAP Term: social deduction plan

• Component: CRM-IPS

• Component Name: Public Sector

• Description: A list of financial obligations that are reduced from payment amounts for approved benefits of a social service plan. A social deduction plan reflects a legally binding decision and is subject to approval. The result of the approval process is an activated social deduction plan with deduction plan items, which define from where and how amounts will be taken to cover a deduct-from party's financial obligations, for example, claim liability or periodic utility payment.

Smart SAP Assistant

• Key Concepts: 
  Social deduction plans are a feature of the CRM-IPS Public Sector component of SAP. This feature allows for the deduction of social security contributions from employee salaries. It also allows for the calculation of the amount to be deducted, as well as the payment of the deductions to the relevant authorities. 
  
  How to use it: 
  To use this feature, you must first set up a social deduction plan in SAP. This involves entering the relevant information such as the type of deduction, the rate of deduction, and any other applicable details. Once this is done, you can then enter employee salary information and the system will automatically calculate and deduct the appropriate amount from each employee’s salary. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered correctly when setting up a social deduction plan in SAP. This will ensure that the correct amount is deducted from each employee’s salary and that payments are made to the relevant authorities on time. 
  
  Related Information: 
  For more information on setting up a social deduction plan in SAP, please refer to the official SAP documentation or contact your local SAP support team.