Subscription Billing and Revenue Management monetizes digital

business models. It is tailored towards the requirements of corporations

across all industries and lines of business with high volumes of customers,
subscriptions, and pay-per-use transactions. It provides flexible billing
processes, enables multi-sided business models, and manages resulting
revenues and expenses with high automation and throughput. SAP for
Goods and Invoice Receipts Reconciliation automates the overall
process by leveraging Machine Learning functionality. If large amount of
Goods Receipts and Invoices exist that do not match, the system can help
with recommending next steps and actions to reduce cost and effort.
Overall, this will speed up the decision process. Please note, Subscription
Billing and Revenue Management require and additional license.

Governance, Risk, and Compliance for Finance supports you in

reviewing trading partners, complying with regulations on foreign trade,
minimizing the risk of fines and financial penalties, and speeding up
clearance of goods.

GRC for finance includes the following:

 International Trade Classification

o You use classification to manage commodity codes, Intrastat
service codes, control classes, control groupings and their
assignment to products. The Intrastat service codes are only
relevant for Italy.
 International Trade Compliance
o You use International Trade Compliance to manage licenses and
trade compliance documents. Trade compliance checks are
based on the following document types: sales orders, outbound
deliveries, purchase orders, and purchasing contracts (for
Embargo and Watch List Screening only).
 Intrastat
o You use Intrastat declarations to record goods movements that
cross national borders between member states of the European
Union. In Italy, services must be declared in addition.
 Integration with SAP Global Trade Services
o Through integration with SAP Global Trade Services, you can
transfer master data and transactional data from the S/4HANA
Cloud to your SAP GTS system.
 Integration with SAP Watch List Screening
o SAP S/4HANA Cloud supports the integration with SAP Watch
List Screening (needs to be licensed separately). With the
integration, you can screen names and addresses for the
following document types: sales orders, outbound deliveries,
purchase orders, and purchasing contracts.