Interview Questions.

Question 1. Why Should We Use Sap Fscm?

Answer :

If you are using preferred FI-AR to manage your credit collections procedure, SAP FSCM provides tools to beautify your method. The gear in isolation will not remedy any problems or upload any direct gain. However, the various modules will enhance control and visibility, and permit the group to procedure more customers with a not unusual procedure.

Question 2. What Version Of Sap Do I Need To Be On?

Answer :

If you're the usage of SAP ERP 6 then the middle techniques and capability can be accessed. However, it must no longer be omitted that new capability has been launched within the trendy Enhancement Packages. Some customers can see the advantage of imposing SAP FSCM straight away and could work with their current Enhancement Package version. Others will understand some of the new capability and wait till their ERP system is at the applicable Enhancement Package.

SAP HR Interview Questions
Question three. Is My Business Too Small/ Big To Use Sap Fscm?

Answer :

As I cited before in case you currently control your Credit Collections process using the SAP FI-AR module then you may use SAP FSCM. The size of your enterprise should not be seen as a blocker to transport to SAP FSCM. In a few cases, having massive volumes of clients or massive volumes of invoices increases the ability blessings. The actual degree is to observe the capacity manner upgrades. If you want to carry out credit checking and scoring in a more green way SAP FSCM will improve your existing method.

SAP has currently launched an RDS to provide an green technique to put in force SAP FSCM, decreasing the cost of implementation. This is targeted at smaller customers looking an extended implementation. Please be aware this is simplest available for customers on Enhancement Package 5 and beyond.

Question four. What Module(s) Should I Start With?

Answer :

Collections Management is the maximum famous and most easy module to put in force. However, to fully see the benefits of Collections Management the alternative three modules need to be implemented as well.

When asked the question, I normally turn this round and try to align the consumer’s strategic targets from the implementation to decide the scope of the implementation. Customers who've excessive volumes of client bill disputes will obviously look toward Dispute Management – but aligning this with Collections Management joins the gaps between disputes and credit collections. Where a client has horrific debt troubles and can pay good sized interest to Credit Limits and Credit Exposure, Credit Management may be more attractive – however the Credit Risk Class and Credit Exposure can be used to influence the Collections Work list.

SAP HR Tutorial
Question five. What Are The Major Benefits Of Sap Fscm?

Answer :

The system development that may be accomplished can be damaged down into a number of extraordinary streams. Process performance and controls can be seen inside the Credit Collection teams and other associated teams. The Collection paintings list guarantees the ideal patron is known as at the right time inside the Collection system. This will permit greater customers to be referred to as, because the volume of attempt to report a customer contact is simplified into a single transaction.
Logging disputes gets rid of guide offline approaches, and reducing the time spent to log and method disputes will directly improve the cash collection system main to greater coins being acquired in a faster time frame.
The new edition of Credit Management affords greater accurate credit information the usage of inner and outside records, lowering the ability chance for horrific money owed.
SAP FICO Interview Questions
Question 6. Where Is Reporting Found For Sap Fscm?

Answer :

As with most new SAP functionality, reporting in center ERP is restrained inside SAP FSCM. Implementing simply the center SAP FSCM modules alone will depart an opening in phrases of enterprise reporting. Within SAP BW there is a few precise commercial enterprise content material which is easy to put into effect. Reporting ought to be a part of the initial build inside the challenge. Some customers who do now not use SAP BW (see SAP BW education evaluation) will layout their very own ABAP reports which is ought to better than the usage of the usual content material. Any mission that doesn't do not forget reporting will locate it almost not possible to measure the performance of the diverse groups.

Question 7. How Do You Implement Sap Fscm?

Answer :

It is virtually important to word that a SAP FSCM mission is eighty% procedure re-design and 20% software program implementation. It is consequently vital that any business implementation of SAP FSCM aligns to those possibilities. An implementation crew cannot paintings in isolation from the business as the screens, terminology and approaches are large specific to middle SAP FI-AR.

A business can't enter into any answer except they recognize the overall functionality of a machine, otherwise they're over reliant on the implementation companion to make decisions for them. With this in mind, running commercial enterprise workshops on a evidence of idea inside the customer’s panorama enables the consumer to make decisions with a higher information. In turn this may lessen the subsequent stages inclusive of, construct, check and education.

SAP FICO Tutorial SAP HANA Interview Questions
Question 8. Do I Need To Have Pi To Use Sap Fscm Credit Management?

Answer :

The simple solution here is no if you have Enhancement Package 5. However you want to put into effect WS-RM to replace the task PI does. If you've got a PI server it does now not make experience to examine the WS-RM alternative. If you do not have PI and need Credit Management it is really worth thinking about WS-RM (if you have Enhancement Pack 5). To be honest this is greater of technology query in your SAP BASIS crew to decide the landscape technique they plan to undertake.

Question nine. How Do I Design A Global Template For Sap Fscm?

Answer :

Before designing the methods to assist the Credit Collections team, the organizational devices need to be described. Collections and Credit Management have separate organizational devices to symbolize the various ranges inside a Company. Where degree are to be not unusual, organizational units can be shared, and where variations are required precise values are required. Breaking out the total implementation into smaller chunks permits the answer to be rolled out and allowing short wins.

Finance Interview Questions
Question 10. Can The Concept Of Financial Supply Chain Management Reduce The Amount Of Cash Corporations Need To Hold? Is The Parallel With Erp Useful?

Answer :

There are  aspects of the comparison which can be mainly pertinent. First, there is absolute confidence that one of the keys to a success coins management is accurate records on what the future outgoing coins necessities might be and of incoming coins. Second, the allowing era base is now in area. In the ultimate 3 years, the Internet has come to be a absolutely fee powerful solution for interorganizational communications and a depended on infrastructure for business techniques, cozy sufficient to hold forward the technical advances being made in e-price structures.

The heavy funding in e-procurement in current years has not fed thru into automation of the charge technique and there remains currently a loss of progress within the automation of fee structures. Problems include:

Fragmented point answers with very restrained integration.
Limited inter organizational integration and automation.
Manual techniques of dispute resolution, reconciliation and bills.
But the largest obstacle most solutions fail to cope with is that 80 percent of the processes these days are still paper driven. So automation answers need to begin by means of:

Digitizing paper wherein possible so paper intensive methods do no longer gradual down the tactics.
Doing so without getting bogged down in complexity of business system re-engineering.
To deal with the desires of the market, the fragmented point answers available nowadays ought to address both those weaknesses and re-invent themselves.
As many have a look at, even though e-ordering now takes seconds and items may be delivered subsequent day, it nevertheless takes months for the cash to be moved. The accurate information is that now money can be moved unexpectedly, and the approaches of invoice receipt, tax calculation, invoice approval, fee and cash control are ripe for automation.
Some visionary corporations are building structures to address those problems, automating the whole billing and bills procedure and allowing contact down the supply chain with resultant blessings in:

Cash Flow: ability to take early discounts and progressed rate phrases for e-payments.
Operating efficiencies: self-service supplier control and reduced value of bill processing and reconciliation.
Internal controls and visibility: improved length-stop accruals and removal of price duplication. Implementing Financial Supply Chain management.
SAP HANA Tutorial
Question 11. So, How Are These Benefits Achieved, And What Are The Processes Of Implementing Financial Supply Chain Management?

Answer :

The implementation may be seen in four levels:

Convert paper files to electronic. This may be accomplished with a high diploma of automation, consisting of OCR, and does not involve full-size keying. Electronic invoices may be greater easily reconciled with purchase orders, circulated for approval and unexpectedly passed thru the system the usage of preferred workflow procedures, devoting time only to the exceptions containing mistakes that contain resolution of disputes. For the share of times in which OCR does not paintings, it wishes to be augmented by way of guide techniques for exception control placed out of low-fee geographies like India.
Automate financial transactions. The pass from guide to e-bills gives complete manipulate over the price procedure, paying when you want to pay. E-price does now not always shorten your charge cycle; if you want to maintain 30-day payment phrases, then e-payment enables you to pay on precisely that final day. However, with e-payments, businesses can negotiate progressed phrases for shorter payment periods based totally on their newfound capability to meet fee dates with complete reliability. E-payments may be made precisely on time. The biggest fable that needs to be debunked here is the perceived gain of drift constructed into the delays caused by paper tactics. For maximum businesses, the benefits derived from operational efficiencies whilst paired with the capability of scheduling bills at-will extra than compensates for any real loss in float sales. Also, with automation it's far greater realistic to enforce strategies like controlled disbursements to optimize coins positions.
Automate liability control. Sarbanes-Oxley has imposed new compliance burdens onto an already laborious area of operation. Requirements for accurate, speedy and transparent reporting can't be realistically finished without cease-to-end automation answers. Furthermore, the heaps of sales/use tax jurisdictions and prices, and the masses of changes each yr, make tax compliance an increased price and an accelerated fear. Again the advantages of automation can offer financial savings and, just as important, company self assurance in compliance.
Implement running capital management. Once the techniques are automatic, contact with the supply chain economic departments is stepped forward and most of the uncertainties are taken out of the price chain, businesses can begin to optimize their cash control. This may be a in basic terms internal method, managing coins towards particular information of daily payables and receivables, and improving credit decisions. There is likewise the choice to discover external finance assets, along with factoring, which can be acquired at wonderful costs as soon as the proof of the effectiveness of the financial supply chain may be provided.
SAP BPC Interview Questions