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 Duration 14 hours

Course Outline

Introduction to SAP Cash Application

  • The role and advantages of automation in cash application
  • Placement within the SAP S/4HANA Finance landscape
  • Core functionalities and AI-driven integrations

Accounts Receivable and Cash Application Workflows

  • The complete lifecycle from invoice to cash
  • Navigating customer remittances and bank statement processing
  • Contrasting conventional methods with automated matching strategies

System Initialization and Setup

  • Activating SAP Cash Application in S/4HANA
  • Configuring bank statements and setting up payment advices
  • Creating and tailoring matching criteria

Machine Learning and Automated Matching

  • Overview of SAP Leonardo-based ML in Cash Application
  • Process of training and rolling out matching models
  • Evaluating forecast outcomes and model precision

System Integration and Data Movement

  • Linking with bank portals and payment gateways
  • Connecting to SAP Fiori, S/4HANA, and external third-party platforms
  • Oversight of master data and unresolved items

Operational Duties and Exception Management

  • Executing automated matching in live environments
  • Addressing anomalies and performing manual clearing
  • Utilizing reporting and reconciliation utilities

Enhancement and Industry Best Practices

  • Refining matching algorithms to boost automation levels
  • Key metrics for tracking automation efficacy
  • Strategic insights and deployment considerations

Recap and Forward Planning

Requirements

  • Knowledge of accounts receivable and financial accounting procedures
  • Hands-on experience with SAP FICO modules
  • Familiarity with the SAP GUI or SAP Fiori user interface

Target Audience

  • Finance and accounting specialists
  • SAP consultants and system end-users
  • Teams dedicated to accounts receivable and cash management

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