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Duration 14 hours
Course Outline
Overview of SAP Cash Application
- The strategic role of automation in cash application
- Its place within the SAP S/4HANA Finance ecosystem
- Core functionalities and AI-driven capabilities
Receivables Management and Cash Application Workflows
- The complete lifecycle from invoice issuance to cash receipt
- Processing customer payments and interpreting bank statements
- Comparing traditional methods with automated matching strategies
System Initialization and Setup
- Activating SAP Cash Application features in S/4HANA
- Configuring bank statement ingestion and payment advice
- Crafting and adjusting matching logic rules
Machine Learning and Automated Matching
- Utilizing SAP Leonardo-based machine learning within Cash Application
- Training and deploying predictive matching models
- Evaluating prediction outcomes and model precision
System Integration and Data Management
- Linking with bank interfaces and external payment gateways
- Synchronizing with SAP Fiori, S/4HANA, and third-party platforms
- Oversight of master data and outstanding items
Operational Execution and Exception Management
- Executing automated matching in production environments
- Addressing exceptions and performing manual clearing when necessary
- Utilizing reporting and reconciliation utilities
Performance Tuning and Industry Best Practices
- Refining matching logic to boost automation levels
- Defining KPIs to gauge automation success
- Applying lessons learned and planning for smooth rollout
Conclusion and Future Directions
Requirements
- Solid comprehension of accounts receivable and general financial accounting workflows
- Practical experience with SAP FICO modules
- Familiarity with either the SAP GUI or SAP Fiori user interfaces
Target Audience
- Professionals in finance and accounting roles
- SAP consultants and system end users
- Teams dedicated to accounts receivable and cash application
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…