What is SAP Billing Consolidation in SAP FIN-FSCM-BC - Biller Consolidator?

SAP Term: SAP Billing Consolidation

• Component: FIN-FSCM-BC

• Component Name: Biller Consolidator

• Description: An open system for electronic bill presentment and payment. SAP Billing Consolidation enables service providers to collect and group bills from various vendors billers and send them on to the customer. Billers also receive feedback on the status of their bills. SAP Billing Consolidation consists of three components: Biller Service Provider BSP Customer Service Provider CSP Consolidator The Consolidator is not externally visible, and the service providers themselves interface directly with the customers.

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• Key Concepts: 
  SAP Billing Consolidation is a component of the Financial Supply Chain Management (FSCM) module. It enables companies to consolidate multiple invoices into one single invoice, allowing for easier and more efficient billing processes. This component also allows for the creation of consolidated invoices with multiple currencies, as well as the ability to manage and track payments. 
  
  How to use it: 
  The SAP Billing Consolidation component can be used to create consolidated invoices from multiple invoices. This can be done by selecting the invoices that need to be consolidated, and then creating a consolidated invoice from them. The consolidated invoice can then be sent to the customer for payment. Additionally, the component can be used to track payments and manage payment processes. 
  
  Tips & Tricks: 
  When creating a consolidated invoice, it is important to ensure that all of the invoices being consolidated are accurate and up-to-date. Additionally, it is important to ensure that all of the invoices are in the same currency, as this will make it easier to manage payments and track payments. 
  
  Related Information: 
  The SAP Billing Consolidation component is part of the Financial Supply Chain Management (FSCM) module. Other components of this module include Accounts Receivable (AR), Accounts Payable (AP), Credit Management (CM), and Cash Management (CM). Additionally, there are other components of SAP that can be used in conjunction with Billing Consolidation, such as SAP Business Warehouse (BW) and SAP Business Objects (BO).