SAP Business Partner for Financial Services 

Purpose

The SAP Business Partner for Financial Services (SAP BP-FS) is the SAP application for saving and managing all customer information.

The business partner can be processed using the business partner user interface, as well as through defined interfaces. This enables you to integrate customer-specific data without having to make modifications, and makes the data release-insensitive.

The solution is developed by SAP as standard software for international companies.

Integration

The SAP Business Partner for Financial Services is closely linked to other components. This ensures continuous processing.

Special tools are used by the SAP Business Partner for Financial Services in order to manage the business partner position properly. You can use them to manage the following business transactions:

·        Change documents

·        Document management

·        Authorizations

·        External data transfer

Features

The most important business partner data includes

·        The name and address of the business partner

·        Supplementary data dependent on the business partner category (for example, date of birth, legal form) for all application areas (for example, industry keys for marketing selections or regulatory reporting)

·        Relationships (for example, borrower entities, group structures)

·        Business partner roles

·        Legitimation data and additional partner numbers

·        Credit standing data/data provided by credit reference agencies/scoring results/marketing clusters

·        Financial statement data or analyses

·        Total commitment

·        Business partner relationships can be linked in many different ways. Functions are available to form borrower entities and units of risk.

·        Customers appear in defined roles for a bank (such as account holder, borrower or guarantor, for example). For this reason, the role is a vital component within the concept of the SAP business partner.