SAP FSCM Online Training
SAP FSCM Course Content
- Introduction to SAP FSCM
- Overview of Financial Supply Chain Management
- Objectives and benefits of SAP FSCM
- SAP Credit Management (FIN-FSCM-CR)
- Credit limit checks and risk analysis
- Credit exposure calculation
- Integration with sales and distribution processes
- SAP Biller Direct (FIN-FSCM-BD)
- Electronic bill presentment and payment
- Customer self-services for bill payment
- Integration with invoicing and accounting processes
- SAP Cash and Liquidity Management (FIN-FSCM-CLM)
- Cash positioning and cash forecasting
- Cash flow analysis and liquidity planning
- Bank statement processing and bank communication management
- SAP Treasury and Risk Management (FIN-FSCM-TRM)
- Money market and foreign exchange transactions
- Hedge management and derivatives
- Risk analysis and exposure management
- SAP Collections Management (FIN-FSCM-COL)
- Management of receivables and collections
- Collection strategies and dunning processes
- Customer communication and dispute management
- SAP Dispute Management (FIN-FSCM-DM)
- Handling and resolving customer disputes
- Collaborative dispute resolution with customers and partners
- Integration with other SAP modules for dispute resolution
- SAP In-House Cash (FIN-FSCM-IHC)
- Centralized cash management for group companies
- Payment factory and payment processing
- In-house banking functionalities
- SAP Bank Relationship Management (FIN-FSCM-BNK)
- Managing bank relationships and services
- Bank account management and fee analysis
- Bank communication and electronic banking
- Integration with SAP ERP and Other Modules
- Integration of SAP FSCM with other SAP modules like SAP FI, SAP CO, SAP SD, and SAP MM
- Overview of end-to-end financial processes in SAP FSCM
- Reporting and Analytics in SAP FSCM
- Utilizing standard reports and analytics tools for financial analysis
- Customizing reports for specific business requirements
- SAP FSCM Implementation and Project Management
- Best practices for SAP FSCM implementation projects
- Project planning, scoping, and execution for successful implementations
SAP FSCM Online Training in Hyderabad, Bangalore, India
NEHA Infotech is the leader in SAP FSCM training and provides SAP supply chain Management online training courses in Hyderabad, Bangalore.
We provide quality of online training, real time facility on projects and well trained software specialists as a trainers.
SAP FSCM
SAP FSCM-suite of modules and applications gives an answer for improve your AR forms; it gives functionalities to electronic charging, overseeing charging questions, assortments the board and credit hazard the board. All things considered, SAP FSCM has convincing advantages to the business through decrease in working capital and overseeing of awful obligation through successful endeavours by the AR group for overseeing client assortments. Right now, give an outline of the SAP Financial Supply Chain Management parts of the general FSCM arrangement. It contains a following:
- SAP Collections Management (FIN-FSCM-COL),
- SAP Credit Management (FIN-FSCM-CR),
- SAP Dispute Management (FIN-FSCM-DM)
- SAP In-House Cash (FIN-FSCM-IHC).
- SAP Treasury and Risk Management (FIN-FSCM-TRM),
- SAP Biller Direct (FIN-FSCM-BD),
- SAP Cash and Liquidity Management (FIN-FSCM-CLM),
SAP Collections Management is the module which causes you to improve the profitability of your assortments. By making it simple for specialists to recognize issue records or issues, you can extraordinarily build assortment rates.
Credit Management in SAP FSCM quickens the capacity of your credit administrators to broaden or dismiss client credit limits. Your FICO assessment framework for every client is incredibly improved through the constant collection of your own credit information and data from outsider credit scoring offices.
SAP FSCM gives Dispute Management which gives your records receivable or obligation division 100% straightforwardness for client invoicing and charging issues.
Utilizing SAP in-house Cash, you can see net records, bunch money receipts and installments on a provincial premise, and furthermore diminish exchange costs for intercompany installments.
SAP FSCM gives Treasury and hazard the executive’s module which is incorporated with Financial, Banking, Information System, and Accounting for overseeing monetary exchanges and money related hazard in the business.
SAP FSCM gives Biller Direct module; this is a significant ability in electronic invoicing and installments. Through SAP Biller Direct, clients and providers can get to invoicing and installment data by means of business gateway of the organization. SAP FSCM biller direct furnishes consistent mix with bookkeeping framework and lets you handle electronic installment and settlement forms with clients or providers.
In SAP FSCM, money the board and Liquidity Management is an instrument which improves capacity to estimate and respond to money and liquidity positions. All parts are preconfigured for ongoing revealing and investigation of your liquidity position.
BENEFITS:
The procedure improvement that can be cultivated can be isolated into different streams. Method viability and controls can be seen inside the Credit Collection gatherings and other related gatherings. The Collection worklist ensures the correct customer is called at the right time inside the Collection strategy. This will engage more customers to be called, as the volume of effort to record customer contact is improved into a lone trade.
Logging discusses ousts manual separated techniques, and diminishing the time spent to log and process addresses will clearly improve the cash collection process provoking more cash being gotten. In the new type of Credit Management gives dynamically exact credit data using internal and external data, diminishing the potential risk for horrible commitments.
Return on Investment and Cost-Benefit Analysis:
Executing a FSCM game plan can direct influence both the salary and expenses of an association. Gathering a business case incorporates a cautious study of the present methods and structures set up and recognizing open entryways for improvement by methods for system re-engineering and automation. Coming up next is a once-over of some key systems that should be reviewed to assess the improvement potential.
Q1: What is SAP FSCM (Financial Supply Chain Management)?
A1: SAP FSCM is a set of applications and functionalities provided by SAP to optimize and streamline financial processes within the supply chain. It aims to improve cash flow, reduce credit risk, enhance customer relationships, and provide real-time financial insights.
Q2: What are the key components of SAP FSCM?
A2: SAP FSCM includes the following key components:
- SAP Credit Management: Manages credit limits and credit risk for customers.
- SAP Biller Direct: Enables electronic bill presentment and payment.
- SAP Cash and Liquidity Management: Optimizes cash positioning and forecasting.
- SAP Treasury and Risk Management: Handles treasury and financial risk management.
- SAP Collections Management: Streamlines the collections process for receivables.
- SAP Dispute Management: Manages and resolves customer disputes efficiently.
- SAP In-House Cash: Centralizes cash management for group companies.
- SAP Bank Relationship Management: Manages bank relationships and services.
Q3: How does SAP FSCM help organizations manage credit risk?
A3: SAP FSCM’s Credit Management component allows organizations to set and monitor credit limits for customers. It performs real-time credit checks during sales order processing, minimizing the risk of bad debts and ensuring timely payments.
Q4: What is the benefit of using SAP Biller Direct in SAP FSCM?
A4: SAP Biller Direct enables organizations to present electronic bills to customers and allows them to make payments online. It improves customer convenience, reduces paper-based billing, and expedites payment processing.
Q5: How can SAP FSCM’s Cash and Liquidity Management component help businesses?
A5: SAP FSCM’s Cash and Liquidity Management component provides accurate cash positioning and forecasting, enabling organizations to optimize their cash flow. It helps businesses make informed decisions regarding investments and financing activities.
Q6: Can SAP FSCM integrate with other SAP modules and external systems?
A6: Yes, SAP FSCM can integrate with other SAP modules such as SAP FI, SAP SD, and SAP MM, ensuring seamless data exchange and end-to-end financial processes. It can also integrate with external systems, such as banks, for electronic banking and communication.
Q7: How does SAP Collections Management improve the collections process?
A7: SAP Collections Management automates and streamlines the collections process by defining collection strategies, prioritizing collection activities, and providing tools for effective communication with customers to resolve outstanding payments.
Q8: What is the significance of SAP Dispute Management in SAP FSCM?
A8: SAP Dispute Management helps manage and resolve customer disputes efficiently. It enables companies to handle disputes promptly, reducing delays in payment processing and enhancing customer satisfaction.
Q9: Is SAP FSCM suitable for businesses of all sizes?
A9: Yes, SAP FSCM is suitable for businesses of all sizes, from small enterprises to large corporations. Its flexible and scalable nature allows companies to tailor the solution to meet their specific financial management needs.
Q10: How can students learn SAP FSCM?
A10: Students can learn SAP FSCM through official SAP training courses, online tutorials, hands-on practice in SAP FSCM demo environments, and participating in FSCM-related projects. Practical experience and understanding of financial processes are essential for mastering SAP FSCM functionalities.