Feature set difference between FI-AR and FI-CA

[Former Member]

Hi,

While I am trying to do a comparison analysis between FI-AR/AP and FI-CA for Insurance Industry, I can deduce various facts like FI-CA been developed for transaction extensive industries like telecom/insurance which might often need automated processing (FI-AR appears to have more of manual processes for handling aspects of incoming payments) along with required performance. FI-AR/AP are more of standard Accounts receivable/payable module not necessarily catering to exact needs of industries mentioned above. Another major difference is the more flexible master data model FI-CA has to offer compared to FI-AR/AP.

However, I am not able to deduce clearly if there are corresponding features available in FI-AR/AP for specific features available in FI-CA for handling incoming & outgoing payments. e.g.:

1) Is bank reconciliation supported in FI-AR/AP? Do we have mechanisms to upload electronic bank statement for the same?

2) Does FI-AR provides varying features like different lot processing in FI-CA for bulk processing, Cash desk (i know this is not supported in FI-AR). The process of clearing appears to be very manual intensive.

3) Similarly what is the support for payments (especially automated for bulk processing) in FI-AP? 

4) Assume other insurance industry specific features like brokers collection, collection agency collections, co-insurance specific features etc. are not supported in FI-AR/AP and no corresponding features would exist for obvious reasons.  

Please suggest any other major differences between FI-CA and FI-AR/AP from an Insurance/Reinsurance industry perspective you may know of.

Thanks in advance for your time.

Regards,

Ankit

[Former Member]

For insurance, you need to check the FS-CD (Financial Services - Collection and Disbursement). It is included FI-CA capabilities and also extend more for insurance industry, for example in master data, FS-CD have insurance object ( broker c ontract, commission contract, claim, deposit contract) in additional to Bussiness partner and contract account in FI-CA

Detail can found here: FS-CD - Wiki - SCN Wiki

and here:

Collections and Disbursements (FS-CD) - SAP Library

[Former Member]

Hello, Perhaps you should advocate preliminary search on the available contents or topics in SCN.

@Ankit Singh, you can refer to this blog FSCD Vs FI-AR by Sagar Tasgaonkar