Manage Creditworthiness
Application component: Fiori UI for Contract Accounts Receivable and Payable
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Contract Accounting (S/4 CLD)
Description:  With this app you can display and change the creditworthiness of business partners. 
With this app you can display the creditworthiness of business partners and adjust the values.
Key features:  The system automatically determines the creditworthiness of a business partner in returns processing, in a dunning run, and during write-off. The creditworthiness influences the activities and the charges levied, provided that you have defined the activities and charges dependent on creditworthiness in the system configuration.  The creditworthiness value consists of a manual and an automatic part. The automatic value is determined by multiplying the credit numbers of the processes relevant for creditworthiness (such as dunning notices and returns) by the time-dependent credit weighting, and adding up the results. Creditworthiness is determined using the following formula: Creditworthiness = automatic creditworthiness value x percentage credit factor + manual creditworthiness The best creditworthiness value is 0. This means that the business partner has a good payment history and has, for example, not been sent a dunning notice in the last few months. The worse the payment history of a business partner is, the higher is the creditworthiness value. The Manage Creditworthiness app displays the creditworthiness of business partners in a list. You can limit the results list by using filters. Once you have selected an entry from the list, the system displays all creditworthiness records, monthly totals, and the change history of the business partner. When you edit a business partner’s creditworthiness:   You can enter or change the creditworthiness manually. The manual creditworthiness is added to the value of the automatically determined creditworthiness. The result is the total creditworthiness of the business partner.   You can change the percentage creditworthiness factor. You use this factor to weight the creditworthiness depending on the business partner. The percentage only refers to the creditworthiness portion that is determined automatically. The manual creditworthiness value is not affected. Example If you enter a percentage of 0 for a customer, the automatic portion of creditworthiness is not considered. In this case, the creditworthiness value is that of the manual value.   You can fix the current value of the automatically determined creditworthiness. The creditworthiness value can then only change for reasons relating to creditworthiness, such as dunning or dunning notice reversal, which occurred before the date of fixing.   You can release this fixed value manually, so that the creditworthiness can change again.   Under Creditworthiness Records, you can enter (create) a creditworthiness record manually. These manual entries you can reverse. The system determines the new creditworthiness automatically.   Change documents record any entries or changes that you have made to the manual creditworthiness, as well as changes to the percentage creditworthiness factor. If there is no data record for the current calendar year, the system automatically creates an initial record. The initial record contains the current calendar year. All other values in the creditworthiness record are blank. 
Business roles: Accounts Payable and Receivable Accountant (FI-CA)| Collections Specialist (FI-CA)
Collections Specialist (FI-CA) : 
Deals with the collection process in the company including contacting individuals who have defaulted on debts and/or who have not paid past-due bills to discuss the handling of the overdue items (e.g. using payment agreements).

Accounts Payable and Receivable Accountant (FI-CA) : 
Deals with payment and credit clarification of B2B and B2C customers and works off complex customer requests according account clarification.