Jari fscm

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FSCM OVERVIEW

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Jari fscm

  1. 1. FSCM OVERVIEWJohannes Le Rouxleroux@Jari-consulting.comTel: 585 317 9234 1
  2. 2. Financial Supply Chain ComponentsWhat is FSCM…………….?Financial Supply Chain Management (FSCM) is an integratedapproach to provide better visibility and control over ALL cash-related processes.• Integrating core processes in finance, operations, sales, and logistics.• Support new processes, such as shared-services, outsourced services and other unique business models• Enables “people” – your most coveted asset to be empowered to manage and create value for your business
  3. 3. IntroductionFSCM Components…..• Collections Management• Dispute Management• Credit Management• Biller Direct• In-House Cash• Treasury & Risk Management
  4. 4. IntroductionCollections Management……• Worklist for collection agents • Criteria to select and prioritize customer accounts • Direct access to customer account from worklist• Process and view open receivables • All open invoices and their status at a glance • Invoice history • Actions for one or several invoices can be directly taken • Tight integration with SAP Accounts Receivable• Collection procedure • Promise to pay agreements • Automatic integration with payments and clearing postings• Integrated with SAP Dispute Management • Create and view dispute cases from SAP Collections Management
  5. 5. IntroductionDispute Management……• Cross-department dispute resolution • All information is centrally stored and structured (electronic record)• Integration with SAP Workflow incl. e-mail notification of processors• Integration in financial but also in logistical processes • Creation and viewing of dispute cases from financial transactions • Automatic update of dispute cases by financial transactions • Links to financial and billing documents (SD and CRM)• Correspondence capabilities • Customer correspondence (automatic and manual) • Internal escalation of critical dispute cases• Support of different communication channels • SAP Biller Direct • SAP Collections Management• Analysis of dispute resolution
  6. 6. IntroductionCredit Management……• Credit Limit Management • Implement a company wide credit policy • Manage a customer credit profile • Central credit management in a distributed system landscape• Credit Case • Credit case for structured processing of credit limit applications • Track status and result of credit limit applications• Credit Rules Engine • Categorize customers by scoring rules • Automatically calculate and assign a customer-specific credit limit • Credit check rules• Credit Information • Interface to external credit agencies • Input parameters for scoring rules • BW Content• Credit Manager Portal • Role-based access to credit management information and analysis
  7. 7. IntroductionBiller Direct……• Customer can display the own accounts • Invoices, payment history and account balances • Suppliers can see all of their invoices including their status (e.g. if they are paid or not) • They can also view additional payment information (e.g.check number) • Customers can see all of their bills and credit notes using the Internet.• Integration with SAP Dispute Management and SAP Cash Management • Customers can create dispute cases for both partial payments or the entire invoice • Customers can select a reason for dispute • Customers can create initial note for the dispute • Customers can select a contact person out of the customer contact list• Correspondence • They can display documents as PDF or XML • They can download data as PDF or CSV
  8. 8. IntroductionIN-HOUSE CASH……• Management of internal bank accounts for all subsidiaries • Support of various corporate group structures • Routing of payment orders to local subsidiaries to replace cross-border payments • Internal bank accounts in any currency • Flexible condition and limit concept• Control of payment transactions on a regional and global level • Netting of internal payments • Central processes for external payments • Use of standard programs for payment orders and bank statements• Full integration with SAP Cash Management and SAP Treasury and Risk Management
  9. 9. IntroductionCash & Liquidity Management……• Real-time integration of SAP Cash Management with operative systems• Electronic banking (various formats) • Automatic processing & reconciliation of bank statements (prior-, intraday, lockbox) • Electronic Payments (payment program, online payments, repetitives) Cash concentration• Flexible view on cash position and liquidity forecast• Selection options such as company code(s), business areas, original currency • Display options such as display currency, delta or cumulative display, currency • view per day, flexible time intervals • Easy creation of memo records and payment advices • Direct drilldown to detail information • Monitoring functions• Centralized system for medium- and long-term liquidity planning • Flexible setup of liquidity planning procedure in the group • Automatic assignment of liquidity items to actual payments • Actual-plan comparisons
  10. 10. IntroductionTreasury & Risk Management……• SAP Treasury & Risk Management offers a straight through processing • One data capture and the data is available for front office, back office, cash management and accounting instantly • Accounting in parallel according to several accounting principles for example IAS and HGB• SAP Treasury & Risk Management helps you to identify the financial risks • Changes in currency rates • Yield curve changes • Value at Risk calculations• SAP Treasury & Risk Management calculates the financial credit exposure • Using formulas to calculate financial credit exposure • Manage the exposure with a flexible limit management• SAP Treasury & Risk Management provides you with integrated reporting • Central reporting point for all your financial transactions and positions
  11. 11. Introduction Cash flow Cycle Days In Inventory Days Sales Outstanding Sales Sales/ ActualOrder delivery/ paymentPlaced Invoice TIMEPurchase Expected Receipt Actual Order /Invoice payment Payment date Placed Days In Receivables Days In Payables
  12. 12. Financial Supply Chain Components Financial Supply Chain Management Credit Cash & Liquidity Dispute Collections Management Management Management Management Integrated Financial Approach Financial Collect Settle &Check Issue Cash Dispute working ReconcileCredit Invoice Forecast Resolution Cash Pay Capital Treasury & Risk In-House Management Management Biller Direct Electronic Customer Customers Access & create Integrate customer dispute cases for both partial service with finance payment payments or the entire invoice Suppliers can see all of their Electronic invoicing Customers see all bills and invoices and status credit notes on Internet .
  13. 13. Collections ManagementCollection - Receivables Process • Automatically created  Establish a customer • Personalization centric receivables Access Work • Search function management list • Statistics • Key figures per work list item  Evaluate, identify and • Valuation detail prioritize accounts • Due date grid Prepare • Invoice overview Customer • Overview of past payments  Collect receivables Contacts • Overview of past contacts proactively • Overview of resubmissions  Process optimization • Promises to pay for high volumes of • Dispute cases • Resubmissions open items Contact Customer • Customer contact
  14. 14. Collections ManagementPrerequisite for creating a work list….Transfer data from Accounts Receivable to Collections Management.Initial data transfer• Transfers data of all company codes that participate in Collections Management (full update).Periodic data transfer• Only new data and changed data is transferred (delta transfer).Data transfer according to selection• This type of data transfer is used in exception situations to rebuild selected customers in Collections Management. Open Items Report Send FI- AR relevant data to Collection Last Payment Management Collections Management Customer Key Figures Business Partner Key Accounts Receivables Mapping
  15. 15. Collections ManagementPrerequisite for creating a work list…. Elements of the Organizational Structure • Collection segments group company codes of a company from the view of SAP Collections Management. • Collection strategies used prioritize business partners on the work list and Summarized information per customer • Collection group consists of collection specialists (Groups can be region or customer type driven) • Collection Specialist is assigned to a group and navigates from the selected work list item to ECC function ‘Process Receivables’
  16. 16. Collections ManagementPrerequisite for creating a work list…. Customer Customer Profile Customer in Collection Segment Segment Collection Collection Specialist Group User Assignment System Assigned Configuration
  17. 17. Collections ManagementCreating a work list…. • Work list can be create as a daily batch Job • Each collection specialists gets a daily work list • Customers are valuated and prioritized according to collection rules in a Collection strategy.
  18. 18. Collections Management Creating a work list…. Aging of receivablesLink to Business Partner
  19. 19. Collections ManagementWork list
  20. 20. Collections ManagementView invoice history View promises to pay View dispute case(s)of selected invoice per selected invoice per selected invoice
  21. 21. Collections Management
  22. 22. Collections Management
  23. 23. Collections Management
  24. 24. Collections ManagementSummary.......• Increase collection specialist efficiency and decrease cost of customer centric receivables management• Automatic work lists containing prioritized customers• Summarize all relevant information and necessary activities for collection of receivables in one application• Summarize all history and relationship management• Better Synchronizing and predictability of cash flow
  25. 25. Dispute ManagementSAP Dispute Management provides functions for processingreceivables-related dispute casesCross-department dispute resolution• All information is centrally stored and structured (electronic record)• Integration with SAP Workflow incl. e-mail notification of processors• Integration in financial but also in logistical processes • Creation and viewing of dispute cases from financial transactions • Automatic update of dispute cases by financial transactions • Links to financial and billing documents (SD and CRM)• Correspondence capabilities • Customer correspondence • Internal escalation of critical dispute cases• Support of different communication channels • SAP Biller Direct • SAP Collections Management
  26. 26. Dispute ManagementSAP Dispute Management is integrated in those financial processes of SAPFinancials Accounts Receivable where disputed invoices typically becomevisible: Create Dispute CaseFBL5N
  27. 27. Dispute ManagementAccess Work list Disputes can be created from the work list by selecting line item.
  28. 28. Dispute ManagementCreate Dispute Case Display Dispute Case
  29. 29. Dispute ManagementDispute Work list
  30. 30. Dispute Management Reason & Status Amount Fields Roles Customer Contact Information LOGS
  31. 31. Dispute ManagementCorrespondence…….Automatically by events like • Create dispute cases • Close dispute casesEvents that can be defined on project levelManually by the user when processing the dispute caseSAP delivers standard customer correspondence for • Fax, e-Mail, and letter • Notification that a dispute case has been created • Notification that dispute case has been closed • Query regarding dispute case • Information about dispute caseCustomers can create their own correspondence • Use Smart forms • Data available for correspondence • All attributes • External notes • Object keys of objects stored in the dispute case folders (case record)
  32. 32. Dispute ManagementCorrespondence…….
  33. 33. Dispute Management• Efficient & Pro-active receivable management• Prioritizing and performing customer collection for collections• Efficient Processing of receivables-related customer disputes• Automatic generation of customer statements periodically• Efficient communication and documentation of Payment and disputed• Control your customer’s credit exposure• Reduce amount of bad or doubtful debt• Collect receivables proactively33
  34. 34. Dispute ManagementSummary……. Create dispute cases in Dispute Case Organizer or Financial accounting (FBL5N report) Create dispute case in Organizer due to a customer contact Flexible search of dispute cases based on attributes Automatic write-off an closing of dispute cases Create dispute cases directly from Collections Management View status of dispute cases from Collections Management Improve cash collection by speeding up dispute resolution and better overview of customer account Seamless integration of the processes dispute resolution and cash collection

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