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Published on Financial Supply Chain Management(FSCM) online training. contact or +919052666559 by real time experts in hyderabad, bangalore, India, USA, UK, canada, Australia.
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  1. 1. Online | classroom| Corporate Training | certifications | placements| support Contact US: Magnific training India +91-9052666559 USA : +1-678-693-3475
  2. 2. What are the Major benefits of SAP FSCM? The process improvement that can be achieved can be broken down into a number of different streams. Process efficiency and controls can be seen within the Credit Collection teams and other associated teams. The Collection work list ensures the correct customer is called at the right time within the Collection process. This will enable more customers to be called, as the volume of effort to record a customer contact is simplified into a single transaction. Logging disputes removes manual offline processes, and reducing the time spent to log and process disputes will directly improve the cash collection process leading to more cash being received in a quicker time frame. The new version of Credit Management provides more accurate credit data using internal and external data, reducing the potential risk for bad debts.
  3. 3. SAP Financial Supply Chain Management (FSCM) Financial Supply Chain Management (FSCM) in simple terms means managing demand and supply of cash/cash equivalents. SAP has come out with SAP FSCM functionality or suite of applications to manage this more effectively and efficiently thus helping companies to manage the costs associated with this process better. In this posting we will look at what are the features and functionalities available in SAP FSCM and how it can be leveraged better for the benefit of business. The main components in FSCM are Credit Management Collections Management Dispute Management Electronic Invoicing
  4. 4. SAP FSCM Course Content FIN-FSCM-BD Configuration (Process Integration with AR Accounting) Payment Methods, Partial Payment and Currency, Payment Block for Release Process Credit Card settings Business Add Ins - determination of Bills, Notification address SAP Collections Management (FIN-FSCM-COL) FIN-FSCM-COL Business Processes (User Menu Transactions) SAP AR and FSCM Collection Management Data Integration Creation of Work lists My work list and Supervisor Work list Evaluation and Confirmation of Promise to Pay
  5. 5. COLLECTION MANAGEMENT: Basic Settings for Collection Management Company Codes for SAP Collections Management. Collection Strategies Organizational Structure: Segments, Collection Profiles, Collection Groups etc Promise to Pay: Create RMS ID, Create Status Profile etc. Number Range Interval for Case Case Types Customer Contacts: Define Result of Customer Contact. Resubmit: Define Resubmission Reason. SAP Dispute Management Integration: Work list: Define Distribution Procedure
  6. 6. Integration with Accounts Receivable Accounting Activate SAP Collections Management Activate/Deactivate Standard Implementation for Mapping in FI-AR Activate Distribution per Company Code Make Settings for Promise to Pay Business Partner Settings Business Partner Define Groupings and Assign Number Ranges Business Partner Settings Activate Synchronization Options
  7. 7. Key Functionalities/Applications within FSCM are: Electronic Bill Presentment and Payment - This application provides a better and more real time interfacing with the customers and vendors with added benefit of self service to view the accounts as well as make electronic payments. It is mainly caters to presenting the invoices and account statements to the customer and vendors over the internet. Key benefit is reduction in overheads and cycle time associated with this process for both - organization as well as its customer and vendors. Collections Management - This application provides the functionality to manage the collections more efficiently and effectively. This is similar to the collection management functionality already present in SAP FI-AR component with added features like sending payment reminders, portal catering to collection agents, devising collection strategies and managing agreements related to payments from customer.
  8. 8. Credit Management - Provides with functionality to manage credit policies and risks associated with the receivables centrally - even for scenarios where the business is supported by multiple instances across the globe. Thus helps in implementing uniform credit policies and rules across the globe as well as have one view for a customer who is dealing in multiple countries. It also brings in functionality of managing complex customer credit account hierarchies and rules associated with it. Dispute Management - Facilitate and automate a lot of manual activities involved in handling disputes related to payments related to receivables in electronic form. This also leads to better integration and flow of information across multiple stakeholders involved to resolve the disputes.
  9. 9. BILLER DIRECT: Biller Direct overview Basic Settings Process Integration with Accounts Receivable Accounting Release Credit Cards Edit Payment Methods Set Account Determination for Credit Cards Assign Text ID Define Entries for the Logging of the Activities of Web users Define Partial Payment and Currency Define Payment Block for Release Process Define Reference User Easy access transactions: Customer Portal Administration Activities for the Bill Receiver
  10. 10. SAP FINANCIAL SUPPLY CHAIN MANAGEMENT...(FSCM) SAP Financials is broadly organized in 4 broad functionality areas to support all financial management processes as well as integration with other business processes: Financial and Management Accounting Financial Supply Chain Management Treasury and Risk Management Corporate Governance