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2. What are the Major benefits of SAP FSCM?
The process improvement that can be achieved can be broken down into a
number of different streams.
Process efficiency and controls can be seen within the Credit Collection
teams and other associated teams.
The Collection work list ensures the correct customer is called at the right
time within the Collection process. This will enable more customers to be
called, as the volume of effort to record a customer contact is simplified
into a single transaction.
Logging disputes removes manual offline processes, and reducing the
time spent to log and process disputes will directly improve the cash
collection process leading to more cash being received in a quicker time
frame.
The new version of Credit Management provides more accurate credit
data using internal and external data, reducing the potential risk for bad
debts.

3. SAP Financial Supply Chain Management (FSCM)
Financial Supply Chain Management (FSCM) in simple terms means managing
demand and supply of cash/cash equivalents. SAP 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 FSCM and how it can be leveraged better for the benefit of business.
The main components in FSCM are
Credit Management
Collections Management
Dispute Management
Electronic Invoicing

4. SAP FSCM Course Content
FIN-FSCM-BD Configuration
(Process Integration with AR Accounting)
Payment Methods, Partial Payment and
Currency, Payment Block for Release Process
Credit Card settings
Business Add Ins - 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 Work lists
My work list and Supervisor Work list
Evaluation and Confirmation of Promise to Pay

5. COLLECTION MANAGEMENT:
Basic Settings for Collection Management
Company Codes for SAP Collections Management.
Collection Strategies
Organizational Structure: Segments, Collection Profiles, Collection Groups etc
Promise to Pay: Create RMS ID, Create Status Profile etc.
Number Range Interval for Case
Case Types
Customer Contacts: Define Result of Customer Contact.
Resubmit: Define Resubmission Reason.
SAP Dispute Management Integration:
Work list: Define Distribution Procedure

6. Integration with Accounts Receivable Accounting
Activate SAP Collections Management
Activate/Deactivate Standard Implementation for
Mapping in FI-AR
Activate Distribution per Company Code
Make Settings for Promise to Pay
Business Partner Settings
Business Partner
Define Groupings and Assign Number Ranges
Business Partner Settings
Activate Synchronization Options

7. Key Functionalities/Applications within FSCM are:
Electronic Bill Presentment and Payment - This application provides a better
and more real time interfacing with the customers and vendors with added
benefit of self service to view the accounts as well as make electronic payments.
It is mainly caters to presenting the invoices and account statements to the
customer and vendors over the internet. Key benefit is reduction in overheads
and cycle time associated with this process for both - organization as well as its
customer and vendors. Collections Management - This application provides the
functionality to manage the collections more efficiently and effectively. This is
similar to the collection management functionality already present in SAP FI-AR
component with added features like sending payment reminders, portal
catering to collection agents, devising collection strategies and managing
agreements related to payments from customer.

8. Credit Management - Provides with functionality to manage credit policies
and risks associated with the receivables centrally - even for scenarios where
the business is supported by multiple instances across the globe. Thus helps in
implementing uniform credit policies and rules across the globe as well as
have one view for a customer who is dealing in multiple countries. It also
brings in functionality of managing complex customer credit account
hierarchies and rules associated with it.
Dispute Management - Facilitate and automate a lot of manual activities
involved in handling disputes related to payments related to receivables in
electronic form. This also leads to better integration and flow of information
across multiple stakeholders involved to resolve the disputes.

9. BILLER DIRECT:
Biller Direct overview
Basic Settings
Process Integration with Accounts Receivable Accounting
Release Credit Cards
Edit Payment Methods
Set Account Determination for Credit Cards
Assign Text ID
Define Entries for the Logging of the Activities of Web users
Define Partial Payment and Currency
Define Payment Block for Release Process
Define Reference User
Easy access transactions:
Customer Portal Administration
Activities for the Bill Receiver

10. SAP FINANCIAL SUPPLY CHAIN MANAGEMENT...(FSCM)
SAP Financials is broadly organized in 4 broad functionality areas to support all
financial management processes as well as integration with other business
processes:
Financial and Management Accounting
Financial Supply Chain Management
Treasury and Risk Management
Corporate Governance