SAP Business Partner is a powerful mechanism to represent business entities and their relationships. In this blog, we provide an overview of the SAP Business Partner usage in Financial and Banking Services such as loans management.
SAP Business Partner concept enables you to create & manage an entity in predefined Business Partner categories (person, Organization, Group), with different Roles assigned to created entity (Business Partner) so that entity operates like Account Holder, Main Business Partner in main SAP business processes. Using this concept, we utilize benefits like data integrity, no data redundancy, and easy master data management.
Business Partner is not any business process in SAP, but business partner play major part in many SAP business process (Bank Account Management, Loan Management etc.).
Business Partner represents general data; data such as roles, relationships, different types of addresses, different Identification numbers, and bank details, bank account information etc. This data may vary depend upon assigned Business Partner Category. And same is automatically referred in business process whenever required.
The data you can process for a business partner is divided into three areas:
- General Data
- Company Code-Dependent Data
- Differentiated Data
A business partner also contains data that is required for specific business processes. To store such data, first you need to assign specific Business Partner Role for that Business Partner. A Business Partner Role corresponds to the business context in which a Business Partner operates; a Business Partner takes on a specific role, depending on the business process.
We can link business partners to one another using Relationship Categories. A Business Partner Relationship forms a business-relevant connection between two business partners. To show that two business partners have a particular relationship to one another, we assign them a relationship category. By entering a start and end date, a Business Partner Relationship can be given a time limit. In this way, we can, for example, obtain an overview of those periods during which a particular company operated as a shareholder of an organization.
The SAP Business Partner for Financial Services is the SAP application for saving and managing all customer information and correct role assignment allows it to involve in Banking transactions like payment transaction, account management; possible Roles would be account holder, Main Loan Partner or guarantor
Covering following topics and SPRO configuration related to SAP Business Partner in this series–
- Number Range
- Business Partner Categories
- Business Partner Roles
- BP screen enhancement/ customization using
- Field Grouping
- Easy Enhancement Work Bench
- Business Data Toolset
- Business Partner Relationship
- External Data Transfer
In case you need assistance on SAP business partner, please contact us. Please send us your questions, comments or assistance request, and our team would be glad to assist you.
Please send us your questions, comments or assistance, and our team would be glad to assist you.
By Manish Agarwal. (on behalf of SAP Consulting Team)
SAP :: Streamlined
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