In this chapter we covered some of the most often used processes in financial supply chain management. SAP delivers this functionality to augment the original FI/CO module and is primarily focused on improving cash flow management. We covered the four submodules:
Biller Direct This feature provides functionality that reduces the amount of manual entry (and therefore errors) and increases the speed of converting customer invoices to cash by presenting invoices to customers via the Internet.
Cash and Liquidity Management You learned how to better forecast a company’s cash position, maximize interest earned, and reduce bank charges through cash concentration.
Collections Management We eliminated the guesswork from our collections activities ...