Sap Fscm Technical Training Real Basics In Uk@magnific

SAP FINANCIAL SUPPLY CHAIN MANAGEMENT...(FSCM)
SAP Financials is broadly organized in 4 broad functionality areas to support all financialmanagement processes as well as integration with other business processes:

Financial and Management Accounting
Financial Supply Chain Management
Treasury and Risk Management
Corporate Governance

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.