What is Orbian Sponsor in SAP FI - Financial Accounting?

SAP Term: Orbian Sponsor

• Component: FI

• Component Name: Financial Accounting

• Description: A company or group of companies undertaking certain tasks including: Introducing businesses as Orbian Members Provision of services for using the Orbian system Provision of a line of credit to Members which will enable them to issue Primary Orbian Credits The role of Sponsor is typically undertaken by financial institutions such as banks.

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• Key Concepts: 
  Orbian Sponsor Component is a part of the SAP Financial Accounting (FI) module. It is a tool that allows companies to manage their financial sponsorships and donations. It provides a comprehensive view of all sponsorship activities, including tracking of sponsorships, donations, and other related activities. 
  
  How to use it: 
  The Orbian Sponsor Component can be used to manage the entire sponsorship process from start to finish. It allows companies to track and monitor all sponsorship activities, including the amount of money donated, the type of sponsorship, and the duration of the sponsorship. It also provides detailed reports on the performance of each sponsorship activity. 
  
  Tips & Tricks: 
  When using the Orbian Sponsor Component, it is important to ensure that all data is accurate and up-to-date. This will help ensure that all sponsorships are tracked accurately and that any discrepancies are quickly identified and addressed. Additionally, it is important to keep track of any changes in the sponsorship agreement or terms so that they can be updated in the system accordingly. 
  
  Related Information: 
  The Orbian Sponsor Component is part of SAP’s Financial Accounting (FI) module. Other components within this module include Accounts Payable, Accounts Receivable, General Ledger, and Asset Accounting. Additionally, there are several other modules within SAP that can be used in conjunction with the Orbian Sponsor Component, such as Human Resources (HR), Sales & Distribution (SD), and Materials Management (MM).