5 Best practices for effectively managing your cash-flow in SAP
In this guide, you will find the 5 best practices for managing the client item that Credit Managers can use from their SAP solution to optimise their cash flow.
SOA People provides a digital platform integrated within SAP, with specific software tools covering best practices throughout your financial supply chain. Ready4 Credit Management is a scaleable solution that gives you the ability to create in-depth credit checks using multiple sourced information, with a centralised dashboard to continually check your risk status.
Credit Management is complex, with crucial credit decisions being made daily that have a direct effect on your company’s profitability. By automating your processes and approval procedures in SAP, you will have the right tools to make objective decisions based on facts.
Ready4 Credit Management’s ready-to-use functionality will optimise your order-to-cash processes with an end-to-end credit policy, giving you total control and ensuring your credit risk is completely transparent.
Building relationships with customers is key to a company’s success, but it is equally important to protect yourself from credit risk. That balance can easily be achieved with Ready4 Credit Management. By automating decision workflows, using the latest Fiori Apps for on-the-go decisions and having an efficient and fair dunning process, will ensure you can make the best informed decisions, but also maintain a strong relationship with your customers.
Every software component of our digital platform focuses on specific processes related to best practices on credit management, to support you at every stage. Ready4 Credit Management is designed for all industries and can be easily implemented within a short-time frame. Discover below what Ready4 Credit Management includes.
Standard SAP contains basic transactions to maintain risk categories and credit limits manually, without offering any automation to update these values. For this purpose, SOA People has built the credit management platform R4CM integrated in the order processing and financials within standard SAP. The platform aligns all relevant departments in a single source of truth and is interfaced to credit bureaus and trade credit insurers in real time. The functionalities in the platform extend those available in standard SAP for credit management and enables internal scoring procedures with free definable scorecards for an automated risk classification. It includes smart credit decision workflows and flexible dashboards both in GUI and FIORI for a complete and up-to-date credit risk overview.
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