TekSlate’s FSCM training program, develops your capability to have superior view about business cash flow, managing disputes among customers, as well as add competence to the billing procedures.
Instructor-Led Live Online Training
About SAP FSCM
Financial Supply Chain Management represents a major area of process innovation and improvement for enterprises in a broad range of industries. Providing a complete integrated solution for , electronic customer, billing disputes, receivables, collections.
With SAP Collections Management, you can make receivables management in your company more efficient and act proactively to process an ever-increasing receivables balance in as short a time period as possible. Employees can then navigate to the customer account selected with the relevant transactions to see all of the information required for preparing the customer contact in an overview. Collection agents can see all of the open invoices, promises to pay, and dispute cases.
Using effective credit management, companies can reduce the balance of arrears (Days Sales Outstanding) and prevent the possibility of non-payment for a delivery that has already been made. The prerequisites for a company-wide credit policy are the integration of credit management in all distribution channels, automated real-time decisions, and access to internal and external credit information. The SAP Credit Management component provides companies that have a large customer base with the opportunity to monitor the total liability of their customers, using appropriate credit lines. A decisive advantage of this is a centralized and company-wide management of credit lines. This means that different distribution channels use the same data to check creditworthiness and utilization. This eliminates the risk of customers exceeding the credit limit granted to them by using different distribution channels, without this being recognized by the credit department. SAP Dispute Management involves a new application that enables the further processing of receivables related disputes. These disputes do happen frequently because business partners make payment deductions – often even without giving prior notice to the vendor. The result is that incoming payments cannot be executed automatically and deductions require a cumbersome and costly resolution process.
SAP FSCM Training Curriculum
Overview of the SAP FSCM Training
Introduction to SAP FSCM Business Processes and Integration with FI Overview
SAP Biller Direct (FIN-FSCM-BD)
FIN-FSCM-BD Business Processes, Customer Portal Administration, Create Users, Worklist Customer Messages, Display and Delete Customer Action Logs, Create Customer Notifications, Activities of the Bill Receiver
(Process Integration with AR Accounting), Payment Methods, Partial Payment and Currency, Payment Block for Release Process
Credit Card settings, Business AddIns – 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 Worklists, My worklist and Supervisor Worklist, Evaluation and Confirmation of Promise to Pay
Basic Settings for Collections Management, Make Settings in Accounting, Define Company Codes for Collection Management
Define Organizational Structure for Collection Management, Business Partner Settings, Promises to Pay, Worklist Distribution Procedure, Integration with FIN AR and FSCM DM (Dispute Management)
SAP Credit Management (FIN-FSCM-CR)
FIN-FSCM-CR Business Processes (User Menu Transactions),Master data – Business Partner, Customer Lists, Credit Limit
Master Data Mass Changes – Credit Limit, Score, Rules, List Displays – Credit Profile, Credit segment, Credit Exposure
Integration with AR Accounting
Credit Risk Monitoring Settings, Master data – Credit segments, Rating Procedure Formulas, Credit Limit, Credit Ratings, Create Risk Classes, Integration with AR accounting, AR – Define Credit Segment, Credit Control Area, Recon Accts
SAP Dispute Management (FIN-FSCM-DM)
FIN-FSCM-DM Business Processes (User Menu Transactions),Dispute Case Processing, Automatic Write off of dispute cases
Automatic Creation of dispute cases, Automatic Assignment of Open Items to Dispute Cases, Document Changes through Dispute Cases, Dispute Case Regular Processor
Dispute Case Processing, Create RMS ID, Element Type and Case Record Model, Create Element Type and Profile for case search
Create customer specific functions, Text Profiles,Status Management – create status profile, Correspondence and Case Types,
Workflow and Process Integration Settings
SAP FSCM Overview
SAP Financial Supply Chain Management (SAP FSCM) set of applications provides a complete, integrated solution for managing electronic customer billing disputes, receivables, collections, and customer credit risk. SAP FSCM helps you more effectively control your company’s accounts receivable processes and ensure cash flows through online billing, more streamlined handling of billing disputes, and collections.
Customers utilized this FSCM module for the option of viewing and paying bills via the Internet; or creating inquiries, comments or disputes to which the Business can reply or resolve online.
SAP FSCM – Dispute Management
SAP Dispute Management allows you to resolve disagreements between the vendor and the customer quickly and efficiently, taking into account the customer’s existing financial obligations. It allows you to analyze the problem and the reasons for the outstanding amount, and provides a starting point for an organization to establish a quality management concept, reduce DSO, and increase customer satisfaction.
SAP Biller Direct
SAP Biller Direct is a component of SAP Financial Supply Chain Management, and along with SAP Biller Consolidator provides an SAP solution for Electronic Bill Presentment and Payment(EBPP).
SAP Biller Direct allows organizations to set up electronic billing, electronic payments and integrate customer service and financial management using an Internet portal.
SAP Biller Direct supports the entire communication process, from presenting the bill to clarifying discrepancies and reconciling accounts and payments.
SAP Biller Direct is a Java-based application, which allows organizations to work closely together with their customers and partners.
SAP Collections Management
SAP Collections Management allows you to select and prioritize customer accounts to process. SAP Collections Management provides new functions for displaying and processing receivables for each customer.
SAP Collections Management offers a new way of processing receivables: agreements for
promises to pay
Creation of promises to pay
Automatic update of promises to pay
Automatic evaluation of broken promises to pay
SAP Collections Management is integrated with SAP Dispute Management.
Create dispute cases for open items
Display the status of disputed invoices
Average SAP FSCM Salary in USA is increasing and is much better than other products.
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