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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
Testimonials (2)
It was straight to the point and more practical
Lungelo Ndlela - SNG Grant Thornton
Course - SAP S/4 Hana (S/4Hana)
His calm and collected voice even though at points he was frustrated with the system, but kept his cool…