Overview of SAP FSCM

SAP Financial Supply Chain Management (SAP FSCM) in easy words implies maintaining demand and supply of cash/cash equivalents. SAP has come out with SAP FSCM functionality or suite of applications to handle this more adequately and efficiently thus supporting businesses to manage the expenses related to this process better. In this posting, we will look at everything, the features, and characteristics possible in SAP FSCM and how it can be leveraged better for the profit of the business.

SAP Financial Supply Chain Management 

Fundamental business fields where SAP FSCM characteristics can be held are bases for more effective moving capital management, cost management and receivables management of installments.  SAP FSCM functionalities are allowed by SAP Netweaver technology to improve the extension and greater integration - both inside and outside the business applications and also integrated within SAP ERP Financials.

SAP Financials is broadly classified into 4 wide functional areas to help all financial management processes as well as integration with other business processes:

•    Financial Supply Chain Management

•    Treasury and Risk Management

•    Financial and Management Accounting

•    Corporate Governance

 

Treasury and Risk Management

Following are some of the important benefits SAP FSCM Training in Pune brings in are:

• Cut in manual exercises, communication, and coordination attempts hence heading to decrease the overall price of maintaining and causing exercises in the receivables related process fields.
• Final step integration with clients and merchants with least support demands from the client or merchant side thus leading to greater selection rate.
• Knowledge available nearly in real time to adequately control the working capital and receivables thus decreasing the price correlated with it.
• Regulation of business partners over various functionalities gives more versatility as well as streamlines the m data maintenance across the landscape.

Classification of the SAP FSCM Modules

SAP's intention is to provide business benefit through improving working capital.  The chief thrust is to increase the speed of customer payments and reduce the amount of a number of debtors who have a reason not to pay. The central elements are Dispute Management, Credit Management, Electronic Invoicing, and Collections Management.

1. Dispute Management

This module tries to decrease the time used handling disputes between organizations and their clients.  Usually, a credit control clerk can spend 50% of their time dealing with these cases.  It also intends to race up the time to manage the cash from the client.

2. Credit Management

It's distinct from conventional SAP credit management because it intends to grow a fundamental function in a distributed environment. The old system used SD and FI on the same R/3 system.  FSCM Credit Management brings in CRM systems, external logistics systems, and can present the results through a BI system and a Portal.

3. Collections Management

The Collections Management module allows organizations to manage individual AR accounts, in cases where bulk dunning will not be effective.  It's an effective tool for AR clerks and aims to create prioritized work-lists of key customer accounts for action.

4. Electronic Invoicing

This module aims to reduce the eliminate inefficient techniques (and the costs) of packaging and mailing paper invoices to customers.  It also gives merchants with the online clarity of their invoices on the SAP system.

SAPVITS is the world class SAP Online Training Institute which will give you tremendous benefits. SAPVITS is also famous in UK, USA, Singapore, Canada, and Australia for its best services. It has an experience in SAP Training & Consulting for more than 18 years and has a professional network to cater to education and career needs of seeking and experienced SAP online training Professionals. We offer the inclusive training program. The training explains SAP with the absolute basics of SAP FSCM functions. This course is offered every week at different locations and you can attend course training in the comfort of your own home and in your own time. Visit us for SAP FSCM Training in Hyderabad. Our top courses are:

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