What is 'FI summary' in SAP FIN-FSCM-CR - Credit Management?

FI summary - Overview

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: Summary of credit-specific financial accounting data relevant for credit checks in SAP by business partner and credit segment.

FI summary - Details

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  Key Concepts: 
  FI summary is a component of SAP Credit Management that provides an overview of the financial status of a customer. It includes information such as the customer's credit limit, current balance, and payment history. It also provides a snapshot of the customer's financial situation, including any open invoices and overdue payments. 
  
  How to use it: 
  The FI summary can be accessed from the Credit Management menu in SAP. Once there, select the “FI Summary” option to view the customer’s financial information. The FI summary can be used to quickly assess the customer’s financial situation and make decisions about granting credit or setting payment terms. 
  
  Tips & Tricks: 
  The FI summary can be used to quickly identify any potential risks associated with a customer. It is important to review the FI summary regularly to ensure that customers are meeting their payment obligations and that their credit limits are not being exceeded. 
  
  Related Information: 
  The FI summary is just one component of SAP Credit Management. Other components include credit checks, credit limits, and payment terms. All of these components work together to provide an accurate picture of a customer’s financial situation and help ensure that credit is granted responsibly.