Chapter 2: Understanding SAP IS-U FICA and Project Architecture
Module 4: Meter to Cash Process SAP IS-U FICA plays a crucial role in the utilities industry, bridging the gap between financial and technical processes. In this chapter, we delve into the foundational elements of SAP IS-U FICA and explore the project architecture to give you a comprehensive understanding of its capabilities. Meter to Cash Process The Meter-to-Cash (M2C) process is the backbone of the utilities industry. It encapsulates the entire lifecycle of energy or utility service delivery, starting from meter reading and consumption recording to billing, payment processing, and account settlement. What is the Meter-to-Cash Process? The Meter-to-Cash process involves several interconnected steps: 1. Meter Reading: Recording customer usage (e.g., electricity consumed in kilowatt-hours). 2. Billing : Calculating the cost of consumption based on predefined tariffs. 3. Invoicing: Generating customer invoices with details of usage and charges. 4. Payment Processi...