What is 'creditworthiness check' in SAP FIN-FSCM-CR - Credit Management?

creditworthiness check - Overview

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: Checks the creditworthiness of a business partner at an external information provider by means of an XI interface.

creditworthiness check - Details

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  Key Concepts: 
  Creditworthiness check is a process used by SAP Credit Management to assess the creditworthiness of a customer. It involves analyzing the customer’s financial information, such as their credit history, payment history, and other financial data, to determine their ability to pay back any loans or debts. The creditworthiness check is used to determine whether or not a customer should be granted credit. 
  
  How to use it: 
  In SAP Credit Management, the creditworthiness check is performed by entering the customer’s financial information into the system. The system then analyzes the data and produces a report that indicates whether or not the customer is eligible for credit. The report also includes an assessment of the customer’s risk level and any potential risks associated with granting them credit. 
  
  Tips & Tricks: 
  When performing a creditworthiness check, it is important to ensure that all of the customer’s financial information is accurate and up-to-date. This will help ensure that the assessment is accurate and that any risks associated with granting credit are properly identified. Additionally, it is important to review the report carefully before making any decisions about granting credit. 
  
  Related Information: 
  SAP Credit Management also provides additional features such as automated payment reminders, payment tracking, and dispute resolution. Additionally, SAP Credit Management can be integrated with other SAP modules such as Financial Accounting (FI) and Controlling (CO).