What is Orbian Credit in SAP FI - Financial Accounting?

SAP Term: Orbian Credit

• Component: FI

• Component Name: Financial Accounting

• Description: An electronic means of payment made available by Orbian. An Orbian Credit is issued for a specified amount in a particular currency and with a precise maturity date. Advantages of this means of payment include: Security of the payment Certainty of future cash flows Option of extending existing payment terms Orbian Credits can be used by a company to pay trade payables to a business partner who is also an Orbian Member Subject to certain constraints, Orbian Credits received can: Be discounted to cash prior to their maturity date Be paid out by Orbian on their maturity date Be used in turn to pay trade payables to business partners that are also Orbian Members

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• Key Concepts: 
  Orbian Credit is a financial product offered by SAP Financial Accounting (FI) that provides businesses with access to short-term financing. It is designed to help businesses manage their cash flow and liquidity needs, and can be used to finance investments, pay suppliers, and cover other short-term expenses. 
  
  How to use it: 
  Orbian Credit can be used in a variety of ways. Businesses can use it to finance investments, pay suppliers, and cover other short-term expenses. It can also be used to manage cash flow and liquidity needs. To use Orbian Credit, businesses must first apply for the product through SAP FI. Once approved, businesses can access the funds as needed. 
  
  Tips & Tricks: 
  When applying for Orbian Credit, it is important to provide accurate information about your business’s financial situation. This will help ensure that you receive the best terms and conditions for your loan. Additionally, it is important to understand the repayment terms of the loan before signing any agreements. 
  
  Related Information: 
  For more information about Orbian Credit, please visit the SAP FI website or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information about how to use Orbian Credit and other financial products offered by SAP FI.