1. SAP Glossary
  2. Foreign Military Sales
  3. Defense Finance and Accounting Service - Denver


What is Defense Finance and Accounting Service - Denver in SAP IS-DP-DMP - Foreign Military Sales?


SAP Term: Defense Finance and Accounting Service - Denver

  • Component: IS-DP-DMP

  • Component Name: Foreign Military Sales

  • Description: An organization that manages FMS financial activity in the U.S. It manages the country accounts on behalf of both the country and the U.S. Service agency for a given FMS case.


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  • Key Concepts: 
    The Defense Finance and Accounting Service (DFAS) is a component of the United States Department of Defense (DoD). It is responsible for providing financial and accounting services to the DoD, including the processing of payments for military personnel, retirees, and vendors. The Denver Component of DFAS is responsible for the processing of Foreign Military Sales (FMS) payments. FMS payments are made to foreign governments or international organizations for the purchase of U.S. defense articles, services, and training. 
    
    How to use it: 
    The Denver Component of DFAS is responsible for processing FMS payments. This includes verifying that all required documents are in order, ensuring that all payment information is accurate, and making sure that all payments are made in a timely manner. The Denver Component also provides customer service to foreign governments and international organizations regarding their FMS payments. 
    
    Tips & Tricks: 
    When submitting an FMS payment request to the Denver Component of DFAS, it is important to ensure that all required documents are included in the request. This includes invoices, contracts, and other supporting documents. Additionally, it is important to ensure that all payment information is accurate and up-to-date. 
    
    Related Information: 
    For more information about the Denver Component of DFAS and its role in processing FMS payments, please visit the official website at https://www.dfas.mil/dfas/denver/fms/.
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