SAP FICA is a sub-ledger accounting system that interacts with financial accounting to correctly record transactions at the client level. SAP FICA is a cross-application component, an industry-specific sub-ledger accounting system used in a variety of industry-specific solutions such as ISU, Telecom, Insurance. FICA supports the following financial processes for the utility.
SAP FICA is integrated with the Billing and, Invoicing module of ISU Security Deposit Management. It refers to the processes involved with collecting and tracking security deposits required from contract partners who are a poor credit risk.
These processes allow the utility to collect security deposits from those customers who represent a risk to the utility, and refund the deposit when it is determined that it is no longer required.