SAP FSCM Overview
SAP
Financial Supply Chain Management (FSCM) is used to handle customer-related
financial business functions. SAP FSCM optimizes the economic and data flows
within an organization and connecting business partners. This post will deal
with SAP FSCM Components with focus on Credit Management, Biller Direct,
Collections Management, Dispute Management, Treasury and Risk Management, Cash
and Liquidity Management, In-House Cash in FSCM.
 |
| SAP FSCM Overview |
The
purpose of SAP FSCM is to predict cash flow, reduce working resources and, expenses
by increasing the number of timely customer cash and reducing the number of
buyers and integrating business processes throughout the financial supply
chain. SAP FSCM Training Pune is designed to handle of cash-related processes
between a company and its business partners.
SAP
FSCM functionalities are qualified by SAP Netweaver technology to enhance the
ability and excellent combination both within and outside the organization
applications as well as integrated within SAP ERP Financials. Important
business fields where SAP FSCM functionalities can provide are input for added
effective working property management, receivables management and value
management of payments.
SAP FSCM Component
In SAP FSCM Course we provide an overview of the SAP FSCM components of the overall
FSCM solution. SAP FSCM contains the following components
§ SAP Credit Management
§ SAP Biller Direct
§ SAP Collections Management
§ SAP Dispute Management
§ SAP Treasury and Risk Management
§ SAP Cash and Liquidity Management
§ SAP In-House Cash
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| SAP FSCM Key Components |
·
SAP Credit Management
SAP Credit Management takes all information and automates
credit scoring, credit decisions and calculations of credit limits through
Credit rules. Credit Management provides additional information such as bank
documents including credit reports. It helps automate the credit
decision-making.
·
SAP Biller Direct
SAP Biller Direct is reduced the time and cost of
shipping bills to the customer. To use Billing Direct, an official internet
browser is suitable for vendors to access the portal. It can give the access
via a portal, or any other portal using single sign-on tickets.
·
SAP Collections Management
SAP Collections Management allows managing individual AR
accounts. It allows AR Clerks to prioritize their dunning on Key Customers and
deals with the case when the Bulk Dunning is not efficient enough.
·
SAP Dispute Management
SAP Dispute Management adds a new account control
assistant in order to reduce the time spent in dispute Management. It helps
certainly to get cash from customer faster.
·
SAP Cash and Liquidity Management
SAP Cash Management is handled to monitor cash issues and
to ensure that you have enough liquidity to cover your payment responsibilities.
The Liquidity planner gives tools for entering and modifying, aggregating and
assessing planned cash issues, and for managing actual values.
·
SAP Treasury and Risk Management
SAP Treasury and Risk Management are used to manage
interrelated areas of cash, payments, liquidity, risk, and compliance with
financial reporting integration.
·
SAP In-House Cash
SAP In-House Cash processes internal and external payment
transactions. It can help to reduce the number of bank accounts a company must
hold and the volume of foreign payments that it needs to make.
Key Benefits of SAP FSCM
·
The
flow with customers and vendors with smallest infrastructure requirements from
customer side, therefore, leading to higher confirmation rate.
·
Reduction
in manual activities, communication, and coordination efforts thus leading to
the reduction in overall cost of managing and doing activities in the
receivables related process areas.
·
Regulation
of business partners across various functionalities provides more flexibility
as well as streamline the data carrying across the landscape.
·
Information
available almost in real time to properly manage the working assets and
receivables thus decreasing the cost incorporated into it.
SAP FSCM Training at SAPVITS
SAPVITS are leading SAP Online Training and consulting
company. SAPVITS provide
extensive SAP FSCM Online Training to corporate and
individuals. We provide the access to course material like SAP FSCM Module PDF,
PPT, and Videos.
SAP FSCM Training aims at empowering you with the right expertise to
delight customers. SAP FSCM Online Training covers
modules like treasury and risk management, biller direct, cash and liquidity
management, collection management, credit management, dispute management,
in-house cash, etc. Visit us for SAP Online Training Courses in India,
UK, USA, UAE, Australia, and Singapore.
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