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Interview Questions.

Top 11 Sap Fscm Interview Questions - Jul 27, 2022

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Top 11 Sap Fscm Interview Questions

Q1. What Module(s) Should I Start With?

Collections Management is the most famous and most easy module to enforce. However, to completely see the benefits of Collections Management the alternative three modules should be implemented as properly.

When asked the question, I commonly turn this around and try and align the customer’s strategic objectives from the implementation to determine the scope of the implementation. Customers who've high volumes of customer bill disputes will manifestly appearance closer to Dispute Management – but aligning this with Collections Management joins the gaps among disputes and credit score collections. Where a patron has horrific debt problems and can pay enormous attention to Credit Limits and Credit Exposure, Credit Management could be greater appealing – however the Credit Risk Class and Credit Exposure can be used to influence the Collections Work listing.

Q2. Where Is Reporting Found For Sap Fscm?

As with most new SAP functionality, reporting in center ERP is limited inside SAP FSCM. Implementing simply the core SAP FSCM modules by myself will go away a gap in terms of commercial enterprise reporting. Within SAP BW there is some proper enterprise content which is straightforward to implement. Reporting must be a part of the initial build in the venture. Some clients who do now not use SAP BW (see SAP BW education review) will layout their personal ABAP reports that is should better than the use of the same old content material. Any project that does not recollect reporting will find it nearly not possible to degree the performance of the numerous teams.

Q3. Can The Concept Of Financial Supply Chain Management Reduce The Amount Of Cash Corporations Need To Hold? Is The Parallel With Erp Useful?

There are  sides of the comparison that are particularly pertinent. First, there may be no doubt that one of the keys to a success coins control is accurate facts on what the destiny outgoing cash necessities can be and of incoming coins. Second, the permitting era base is now in region. In the last three years, the Internet has emerge as a genuinely value effective answer for interorganizational communications and a trusted infrastructure for enterprise processes, comfy sufficient to carry ahead the technical advances being made in e-price structures.

The heavy funding in e-procurement in latest years has no longer fed through into automation of the payment technique and there stays presently a lack of progress within the automation of charge structures. Problems include:

Fragmented point answers with very confined integration.

Limited inter organizational integration and automation.

Manual techniques of dispute resolution, reconciliation and bills.

But the biggest impediment most answers fail to cope with is that 80 percent of the techniques nowadays are still paper driven. So automation solutions should begin by using:

Digitizing paper where viable so paper intensive tactics do no longer sluggish down the tactics.

Doing so without getting slowed down in complexity of business manner re-engineering.

To address the desires of the market, the fragmented point answers available these days need to address each these weaknesses and re-invent themselves.

As many study, although e-ordering now takes seconds and items may be delivered subsequent day, it nonetheless takes months for the cash to be moved. The top information is that now cash can be moved hastily, and the strategies of bill receipt, tax calculation, invoice approval, charge and cash management are ripe for automation.

Some visionary corporations are constructing systems to address those issues, automating the whole billing and payments manner and permitting contact down the supply chain with resultant benefits in:

Cash Flow: capability to take early reductions and stepped forward fee phrases for e-bills.

Operating efficiencies: self-provider vendor management and decreased cost of invoice processing and reconciliation.

Internal controls and visibility: advanced length-cease accruals and removal of charge duplication. Implementing Financial Supply Chain control.

Q4. What Version Of Sap Do I Need To Be On?

If you are using SAP ERP 6 then the middle methods and functionality can be accessed. However, it ought to now not be overlooked that new capability has been released in the modern-day Enhancement Packages. Some customers can see the advantage of implementing SAP FSCM right now and could work with their present Enhancement Package model. Others will recognize some of the brand new capability and wait until their ERP machine is at the relevant Enhancement Package.

Q5. How Do I Design A Global Template For Sap Fscm?

Before designing the processes to support the Credit Collections team, the organizational devices need to be described. Collections and Credit Management have separate organizational units to represent the diverse levels within a Company. Where measure are to be not unusual, organizational devices can be shared, and in which variations are required specific values are required. Breaking out the overall implementation into smaller chunks permits the answer to be rolled out and permitting brief wins.

Q6. Is My Business Too Small/ Big To Use Sap Fscm?

As I noted earlier than in case you presently manipulate your Credit Collections process using the SAP FI-AR module then you could use SAP FSCM. The length of your business should now not be visible as a blocker to move to SAP FSCM. In a few instances, having massive volumes of clients or big volumes of invoices increases the capability benefits. The actual measure is to have a look at the ability method upgrades. If you need to carry out credit score checking and scoring in a greater green way SAP FSCM will improve your current method.

SAP has lately launched an RDS to offer an green process to implement SAP FSCM, decreasing the fee of implementation. This is centered at smaller clients looking an elevated implementation. Please notice this is only to be had for customers on Enhancement Package 5 and past.

Q7. How Do You Implement Sap Fscm?

It is honestly crucial to observe that a SAP FSCM assignment is eighty% system re-layout and 20% software program implementation. It is therefore imperative that any enterprise implementation of SAP FSCM aligns to those probabilities. An implementation crew can not work in isolation from the enterprise because the screens, terminology and procedures are widespread extraordinary to core SAP FI-AR.

A business cannot input into any solution except they recognize the whole functionality of a machine, otherwise they're over reliant at the implementation associate to make selections for them. With this in thoughts, strolling business workshops on a evidence of idea inside the consumer’s panorama allows the consumer to make choices with a higher knowledge. In turn this may lessen the subsequent stages along with, construct, test and schooling.

Q8. What Are The Major Benefits Of Sap Fscm?

The method improvement that may be carried out may be broken down into a number of one-of-a-kind streams. Process efficiency and controls may be seen in the Credit Collection teams and other associated teams. The Collection paintings listing ensures the proper consumer is known as at the right time in the Collection method. This will permit extra customers to be called, as the volume of effort to file a client contact is simplified into a unmarried transaction.

Logging disputes eliminates manual offline processes, and reducing the time spent to log and process disputes will without delay enhance the cash series manner main to extra cash being acquired in a faster time body.

The new version of Credit Management gives greater correct credit records using internal and outside information, decreasing the potential threat for awful debts.

Q9. Do I Need To Have Pi To Use Sap Fscm Credit Management?

The easy solution right here is no when you have Enhancement Package @However you want to put into effect WS-RM to update the job PI does. If you've got a PI server it does not make experience to take a look at the WS-RM choice. If you do now not have PI and want Credit Management it's far worth considering WS-RM (if you have Enhancement Pack five). To be honest that is more of era query on your SAP BASIS crew to decide the landscape method they plan to adopt.

Q10. So, How Are These Benefits Achieved, And What Are The Processes Of Implementing Financial Supply Chain Management?

The implementation can be seen in 4 degrees:

Convert paper files to electronic. This can be achieved with a excessive diploma of automation, which includes OCR, and does not involve significant keying. Electronic invoices can be greater easily reconciled with purchase orders, circulated for approval and rapidly handed thru the gadget the usage of trendy workflow strategies, devoting time only to the exceptions containing mistakes that contain resolution of disputes. For the proportion of instances in which OCR does not paintings, it wishes to be augmented by manual techniques for exception management placed out of low-value geographies like India.

Automate monetary transactions. The circulate from manual to e-payments gives complete control over the payment system, paying while you want to pay. E-fee does now not necessarily shorten your price cycle; if you need to maintain 30-day payment phrases, then e-price enables you to pay on precisely that remaining day. However, with e-bills, agencies can negotiate advanced phrases for shorter price intervals based totally on their newfound capability to satisfy price dates with complete reliability. E-bills may be made exactly on time. The biggest fable that wishes to be debunked right here is the perceived gain of go with the flow built into the delays due to paper procedures. For maximum companies, the advantages derived from operational efficiencies whilst paired with the capability of scheduling bills at-will more than compensates for any actual loss in go with the flow sales. Also, with automation it's miles more realistic to enforce strategies like controlled disbursements to optimize coins positions.

Automate liability management. Sarbanes-Oxley has imposed new compliance burdens onto an already arduous vicinity of operation. Requirements for correct, speedy and transparent reporting cannot be realistically executed without cease-to-give up automation solutions. Furthermore, the lots of sales/use tax jurisdictions and quotes, and the hundreds of modifications each yr, make tax compliance an improved value and an multiplied fear. Again the advantages of automation can offer savings and, simply as vital, company self assurance in compliance.

Implement working capital management. Once the strategies are automatic, contact with the deliver chain financial departments is progressed and most of the uncertainties are taken out of the charge chain, organizations can start to optimize their cash control. This may be a merely internal technique, managing cash against precise understanding of every day payables and receivables, and improving credit decisions. There is also the option to discover outside finance assets, consisting of factoring, which can be acquired at positive quotes once the proof of the effectiveness of the financial deliver chain can be presented.

Q11. Why Should We Use Sap Fscm?

If you're using fashionable FI-AR to control your credit score collections system, SAP FSCM gives gear to beautify your manner. The gear in isolation will not solve any problems or add any direct benefit. However, the various modules will enhance manage and visibility, and permit the team to procedure extra clients with a common manner.




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