Financial Supply Chain Management (SAP FSCM)
SAP Financial Supply Chain Management optimises the financial and information flows within a company and between business partners (e.g. within credit scoring and receivables management).
In the past, supply chain management was a concept reserved primarily for materials management, which was constantly optimised with integrated logistics concepts. However, the associated financial flows were for the most part neglected. The financial supply chain supports all activities from the qualification of business partners, financing, pricing and securing the transaction right through to creating and sending the invoice, checking it and, where necessary, issuing a complaint. The process concludes with the posting of the payment receipt.
SAP FSCM consistently embraces this concept with the aim of achieving further process improvements and savings potential through seamless integration of the financial processes in all areas of the company (see graphic, source SAP SE). The data from the individual process steps can be analysed and evaluated. The resulting opportunities for optimisation are manifold, e.g. an appropriate and efficient dunning process based on a cash collection strategy and that takes account of previous experience with the particular customer.
The use of SAP FSCM within a company provides yet further potential for optimisation. For example, it can help to counter the increasing time and cost pressure when creating goods and services. All processes before and after the conclusion of a business transaction and the analysis of the data generated from process handling are integrated in SAP FSCM.
We would be happy to help you implement the various functions of your SAP FSCM. The process begins with a targeted analysis for the optimum implementation of effective and timely processes throughout your financial supply chain. So why not have a chat with us? A functional SAP FSCM can help your company's core business – each and every day.