SAP FSCM Online Training

SAP FSCM online training provides tools to evaluate the creditworthiness of customers using internal rating policies and external credit data, and enables quick and consistent credit decisions. It allows organizations to monitor and control their customer’s credit risk in one central system and is particularly suitable for handling credit management processes in extremely distributed system landscapes using the SAP NetWeaver platform. The SAP FSCM online training allows customers to obtain an overview of receivables due to the biller (open items, paid bills, credit memos), download billing data, or process payments online and in real-time. SAP Biller Direct supports the complete communication process from presenting the bill to clarifying discrepancies (integration with SAP Dispute Management is available) and the reconciliation of invoices and payments. It is a Java based application which uses functionality and data already available in your SAP ERP online training environment. Via the web-interface closer collaboration with customers and partners becomes reality. SAP FSCM online training is a solution for Electronic Bill Presentment and Payment it allows organizations to set up electronic billing and payment and to offer additional services to customers such as reporting and dispute management.

The SAP FSCM online training offers a flexible credit rules engine that allows the definition of valuation rules to automate the calculation and assignment of customer-specific scores and credit limits. It also processes the rules to validation the sales documents. SAP CS Online Training offers automatic generation of daily work lists for the collection specialists. Based on collection strategies they prioritize accounts from a risk management and customer relationship point of view. The SAP FSCM online training supports proactive processing of receivables and offers various collection functions which enable to document customer contacts or integrate them into the collection process (payment reminders, promise to pay agreements, dispute cases, centralized documentation of customer contacts, generation of resubmissions, etc.). The complete collection process is controlled and monitored by a collection manager who defines the collection strategies and assign the specialists to different collection groups. SAP Dispute Management controls and streamlines processing of dispute cases. SAP FSCM online training allows companies to resolve disagreements with customers quickly and efficiently, taking into account the customer exists financial obligations as well as the overall risk management and customer relationship.

SAP FSCM online training organizes and stores all information related to a dispute case centrally, facilitating the dispute case handling across departments. It is also fully integrated into financial and logistical processes and provides reporting to control the workload, tracking the dispute process and assure the quality of products & services. SAP FSCM online training helps organizations to establish a global quality management concept, to reduce the DSO, and to increase customer satisfaction via direct and transparent communication. SAP PDM Online Training targets all the elements of the cash-flow cycle, from the average time to payment of your suppliers (days in payables), days in inventory, the average customer payment time (days in receivables) to the days sales outstanding. When work lists are created, the collection rules lead to a prioritization of the business partners. The system checks the conditions of all basic rules that make up the individual collection rule. If all conditions are fulfilled, the priority in the SAP FSCM online training worklist increases accordingly. Valuation points are calculated from the key figures of the customers in accordance with the strategy.

The system calculates the valuation points automatically based on the maximum points derived. Here we define the percentage valuation which leads to which priority of the related work list item. SAP FSCM online training is a set of applications. These set of applications provide a complete and integrated solution for managing electronic customer billing, disputes, receivables collections and customer credit risk. Financial Supply Chain Management (FSCM) in simple terms means managing demand and supply of cash/cash equivalents. SAP FSCM online training 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 MDM Online Training and how it can be leveraged better for the benefit of business. Key business areas where SAP FSCM functionalities can be leveraged are input for more efficient working capital management, receivables management and cost management of payments. SAP FSCM online training functionalities are enabled by SAP Netweaver technology to enhance the reach and better integration.

Prior to ECC 5.0 most of the functionality supporting business processes related to claims, dispute, and credit management were handled outside SAP application using legacy systems or handled manually. Integration with the Account receivable and cash management was more of a manual activity in most of the cases. With SAP FSCM online training introduced SAP Financial Supply Chain Management (FSCM). Key objective is to bring business processes on the receivables and collection side within SAP fiori online training solution thus providing more value. It helps in tying all the loose ends around receivables, collections and cash management within the organization thus leading to better integration and last step connect with the customers. As with other SAP FSCM online training products this has also evolved over a period of time. Initially Cash and Treasury Management were also part of FSCM due to close integration needs but today they are part of Treasury functionality. Though some of the functionalities were available in previous versions but benefits were limited. Most of the other functional areas are well established and mature from functionality perspective while SAP FSCM online training is a new functionality with very limited knowledge and implementation.