What is reference data connector in SAP FS-BA-SD - Source Data?

SAP Term: reference data connector

• Component: FS-BA-SD

• Component Name: Source Data

• Description: Architectural component within Layer that enables you to access different global entities in different storage locations.

Smart SAP Assistant

• Key Concepts: 
  Reference data connector is a component of the SAP Financial Services Business Analytics (FS-BA) suite. It enables users to connect to external data sources and extract reference data such as customer, product, and pricing information. This data can then be used to create reports and dashboards in the FS-BA suite. 
  
  How to use it: 
  To use the reference data connector, users must first configure the connection to the external data source. This can be done through the FS-BA suite's graphical user interface (GUI). Once the connection is established, users can select the desired reference data fields and map them to the corresponding fields in the FS-BA suite. The reference data connector will then extract the data from the external source and store it in the FS-BA suite. 
  
  Tips & Tricks: 
  When configuring the connection to an external source, it is important to ensure that all of the necessary fields are mapped correctly. This will ensure that all of the relevant reference data is extracted and stored in the FS-BA suite. Additionally, users should periodically check for updates to their external sources to ensure that their reference data is up-to-date. 
  
  Related Information: 
  The reference data connector is part of a larger suite of components within FS-BA. Other components include a reporting engine, a dashboard builder, and an analytics engine. These components can be used together to create powerful reports and dashboards that provide insights into financial performance. Additionally, users can leverage other SAP products such as SAP HANA or SAP BW/4HANA to further enhance their analytics capabilities.