What is agency in SAP FIN-FSCM-BC - Biller Consolidator?

SAP Term: agency

• Component: FIN-FSCM-BC

• Component Name: Biller Consolidator

• Description: The intermediary organization if an indirect contract has been signed between the SAP provider and the partner. &EXAMPLE& In the case of an indirect contract, the SAP provider has signed a single contract with one organization for example, a financial institution who in turn has signed a contract with the participating party acting as biller. In this case, the financial institution is the agency for the contract between the provider and the biller.

Smart SAP Assistant

• Key Concepts: 
  Agency is a term used in the Biller Consolidator component of SAP Financial Supply Chain Management (FSCM). It is a type of business partner that acts as an intermediary between the customer and the biller. The agency is responsible for collecting payments from customers and forwarding them to the biller. 
  
  How to use it: 
  In order to use the agency feature, you must first create an agency in the system. This can be done by entering the necessary information such as name, address, contact details, etc. Once created, you can assign customers to the agency and configure payment terms and conditions. The agency will then be responsible for collecting payments from customers and forwarding them to the biller. 
  
  Tips & Tricks: 
  When creating an agency, make sure to enter all relevant information accurately. This will ensure that payments are collected and forwarded correctly. Additionally, it is important to keep track of all payments made by customers so that they can be reconciled with the biller’s records. 
  
  Related Information: 
  For more information on agencies in SAP FSCM, please refer to the official documentation here: https://help.sap.com/viewer/product/FIN_FSCM_BC/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html