Improve Working Capital with SAP Receivables Management: A sneak peek at our upcoming webinar
Authored by Leo Schultz, SVP of Consultant Services, TruQua
The Digital CFO wants to reduce the risk exposure to the business of poor credit monitoring and inefficient collection standards. SAP’s Receivables Management integration with SAP’s sales order process – automatically performs credit checking to allow an order to be processed where tolerances allow, but creating workflow if tolerances are violated. SAP’s Receivables Management application also investigates collection rules as well as can apply cash automatically, providing an immediate impact on DSO thus improving working capital.
Key functionality delivered with SAP Receivables Management
Create promises to pay
Record customer interactions
Leverage S/4 delivered analytics
Establish credit standards
Automatically monitor customer credit
Business Benefits of SAP Receivables Management
Improve Working Capital – An important part of Working Capital management is minimizing Days Sales Outstanding (DSO). Using SAP, the Digital CFO can see live analytics of DSO and take immediate action.
Leverage SAP Innovation – SAP Machine Learning innovations (Leonardo) help SAP customers leverage this innovative technology by automating the cash application process, which is historically a manually intensive process
Efficiency Gains – Through reducing Days Sales Outstanding by 5-10%; Lowering Bad Debt Write-Offs by 10-20%; Lower the cost of Finance by 5-10%.