Account Receivable Factoring/Pledging Process

Hi SAP guru,
We are implementing a Factoring solution in SAP ECC6.0 and would like anyoen of you to share the knowledge around SAP standard solution
- What functionality does Pledging indicator/Procedure do?
- What would be the Business Process?
- How would the system handle the factoring fee?
- If any documentation available, please share with us.
I would appreciate it if you could provide more of your expertise.
taro

In SAP, the term used for Factoring is Pledging.
You have to first activate the Pledging Procedure per Co. Code, by following the path: Financial Accounting Global Settings -> Company Code -> Activate Accounts Receivable Factoring Procedure per Company Code.
After that, navigate to Accounts Receivable and Accounts Payable -> Customer accounts -> Master Records -> Preparations for Creating Customer Master Records -> Define Accounts Receivable Factoring Indicator to define your pledging indicators.
Be sure to read the IMG notes at these nodes. Also, check out this page:
http://community.cimaglobal.com/discussions/information-technology/factoring-using-sap-erp?q=discussions/information-technology/factoring-using-sap-erp#comment-19441
Should be enough to get you started.
Hope this helps.
BR / Gulshan

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Hello,
Interest calculation :-
Define Interest Calculation Types:-
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1. Create the required interest indicators.
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Calendar type
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u2022     B - 30/360
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Activities:-
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1. Make the required specifications for each interest indicator.
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Examples
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01           USD              01/01/1996   1                        0
01           USD              01/01/1996   2                     1000
01           USD              01/01/1996   3                   50000
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u2022     Account determination keys and posting details:-
First you determine which account determination keys are used. For the business transaction account determination key, 1000 (interest earned) and 2000(interest paid) should be entered. The other account determination keys (company code, interest indicator, business area) are optional. You use them if you want to define interest posting in more detail.
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Regards
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Account Receivable Factoring/Pledging Process

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