Our Client is looking for an SAP OTC Consultant to build up a custom solution for refined metal and concentrate sales with Revenue Recognition.
Role: SAP OTC Lead with Finance knowledge Start date: ASAP End date: 1 Year or longer Work model: Hydrid. Work remote with occasional travel to Vancouver
Project Background:
The successful candidate will be joining the team in designing and delivering an S4/HANA Private Cloud solution.
The Solution:
This Revenue Recognition solution will be a fully custom solution with Commodity Engines
The solution: 75 % is OTC driven , 25 % is Finance Driven
Requirements:
SAP OTC Consultant who has experience with
OTC
Commodity Pricing and Provisional Billing/Invoicing.
Batch Classification and Price Calculation based on Batch Classification
Reverse Order Evaluation
Mining and Metals industry knowledge
Process Information:
Open contract, create a sales order, etc.
When customer is receiving a load, they confirm receipt and quantity. Customer does tests to gauge the weight, quality, metal content, etc.
Using commodity pricing. Metal content determines the pricing.
Shipping is long. Can use provisional invoices, based on commodity pricing. None of this is standard in SAP.
Final billing, captures the delta from the provisional billing.
Other:
The sales Process can take multiple months when considering the Quantity and Metal Content (QM Result on batch classification). Every month end the finance revenue stream runs a valuation for everything posted by using the Commodity price posted on the very last day of the month
During this time, they can post multiple provisional invoices and a final one at the end when the customer confirms on the agreed metal content and quantity,
By the time the final invoice is posted, all valuated amounts need to be reversed.