SAP Financial Supply Chain Management (FSCM) means but meeting the demands and supply of the cash and the cash equivalents entities. This functionality helps in managing the cash flow more efficiently and effectively. This process helps the industries and the multinationals companies to manage their finances in a much better and organized way. There are several features which help in building the business and shows how the processes can be leveraged in an enhanced way.
Business areas where SAP FSCM training will benefit
There are areas where getting online trained in SAP FSCM can be most effective is cost management, capital management and the receivables management. These functionalities can be implemented on SAP Net weaver to form a better integration and application in the organization, vendor and the customer as well.
SAP FSCM Online Training Classification
The training offered in KBS Training Institute supports all the management processes under this course and helps in understanding the business processes in a much transparent way.
This training is broadly divided into below criteria-
- Financial and Management Accounting
- Treasury and Risk Management
- Corporate Governance Management
- Financial Supply Chain Management
SAP FSCM Online Training teaches functions which manages cash life cycle as well which includes cash payable and receivables. There are claims, credit management, dispute, SAP legacy systems which are taught in detail in this online course.
KBS Training Institute offers products which has been developed and modified over the time since its advent. There were functionalities with limited benefits and returns. In SAP FSCM Online Training, people are trained to have a more mature and established perspective towards any analytical problem.
Key Applications of SAP FSCM
This financial supply chain management applications includes –
- Collections Management System –It provides insight to manage the collections and this training also teaches about portal catering, devising collection, sending payment reminders and managing agreements.
- Electronic Bill Payment System – It provides a real time interfacing with the buyers or the vendors and also adds a self-service to view your online account details. It reduces the overhead and the cycle time for both its vendors and customers.
- Dispute Management System – This system automates and facilities disputes related to payable and receivables.
- Credit Management System – This system manages credit policies and the risks which are associated with the payments. They implement the policies related to credit accounts and the rules corresponding to it.