SAP FSCM stands for SAP Financial Supply Chain Management (FIN-FSCM), optimizes the financial and information flows within a company and between business partners. This post will deal with SAP FSCM Components with focus on Credit Management, Biller Direct, Collections Management and Dispute Management in FSCM.?
Table of Contents
SAP Financial Supply Chain Management?contains the following components (?SAP FSCM Component,FIN-FSCM )
Application for supporting and automating credit decisions
SAP Credit Management takes all information and automates credit scoring, credit decisions and calculations of credit limits through Credit rules.
The Credit score can be update automatically or manually for each Customer.
SAP Credit Management adds also a new functionality to integrate XML data from rating Agencies.
For Each Customer, SAP Credit Management allows to attach additional information such as bank record and credit reports.
It helps automate the credit decisions making
To sum up the advantage of SAP Credit Management:
For technical detail about SAP Credit Management, check this post about SAP Credit Management Tables.
Application for electronic issue of bills and payment
SAP Biller Direct is a web-base engine for invoicing. It reduces the time and cost of sending Invoices to customer. Add to that, It gives Vendors an online vision of their invoices (from SAP).
Customers can directly make payment for open items invoices (Direct debit or credit card ). But this functionality is not delivered by default and requires some configuration.
In order to use SAP Billing Direct, a standard internet browser is enough for Vendors to access the portal.?It can provide the access via SAP Enterprise Portal, or any other portal using single sign-on tickets.
From the technical side,?SAP Billing Direct can be integrated into the Supplier Portal or run as a stand-alone application based on J2EE.
Application for proactive receivables management
SAP Collections Management allows managing individual AR accounts. It allows AR Clerks to prioritize their dunning on Key Customers and deals with case when the Bulk Dunning is not efficient enough.
SAP Collections Management identifies the ?bad? payers and automatically add them to Clerk Work Items with list of relevant actions to take.
The first step, having all required information from SAP Collections Management the clerk tries to contact the customer (by priorities).
The second step, clerk logs the customer promise to pay which can be monitored in SAP Collections Management. In the other case, clerk can log a Dispute Case into SAP Dispute Management.
Application for efficient processing of receivables-related dispute cases
SAP Dispute Management adds a new credit control clerk in order to reduce the time consumed in dispute Management. It helps indeed to collect cash from customer faster.
Features
The SAP Dispute Management process can be summarized into:
From Technical side, you will find all SAP Dispute Management Table in this post.
Application for optimizing payment transactions within and outside of the group
Application for managing liquidity items
SAP Treasury and Risk Management is a series of solutions that are geared towards analyzing and optimizing business processes in the finance area of a company.
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