Enhancement Pack 5 functionality within SAP FSCM

27 January 2011

Mark Chalfen

Mark Chalfen

Former SAP S/4HANA Global Lead

I have received a few direct questions around what is new for SAP FSCM within Enhancement Pack 5. Whilst it is easy to point fellow consultants to the SAP Marketplace to review the SAP documentation I though it worth putting together a quick simple overview for those interested. This blog is aimed at current SAP FSCM clients or those who are aware of the current functionality available up to Enhancement Package 4 and want to know what new functionality is available.

Please note there have been some significant developments within the integration to SAP CRM, however as not ALL clients who use SAP FSCM have or use SAP CRM, the new functionality developed within CRM has not been included.

The main areas are documented below with the associated benefits.

Credit management without PI

You can now implement SAP FSCM Credit Management without linking a SAP NetWeaver Process Integration. This reduces the hardware requirements when scoping a SAP FSCM Credit Management implementation reducing costs and maintenance.

Instalments for promises to pay

Within Collections Management the Promise to Pay process has been enhanced to allow the Credit Collections team the ability to break a Promise to Pay into agreed Instalments. Where a customer is having trouble paying outstanding debt the customer may suggest that the total debt is settled over a number of periods. This process provides the Credit Collection Specialist an option to record agreed payment instalments.

Correspondence and notes within Collections Management

Within the Collections Worklist, there is now the ability to generate correspondences direct from the Collections Worklist. This could include sending dunning letters direct from the Collections Worklist or customer statements. Further to this notes can be assigned at open item level within Collections Management, and a range of note types can be configured to record specific customer information. This provides the Credit Collections Specialist the ability to perform some previously manual tasks within Collections Management. Further to this, the ability to send Customer Statements or Dunning from the Worklist keeps the user within the worklist and stops the need to open new sessions to perform associated tasks.

Enhanced reporting within BI and Xcelsius

SAP has delivered a number of standard reports for SAP FSCM within BI. The standard reports provide an extra level of standard functionality. This will reduce the volume of bespoke reports a client will need to write as they can use or amend the new standard content.

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About the author

Mark Chalfen

Former SAP S/4HANA Global Lead

Mark tells it straight - as an ex-boxer, what else would you expect?  Both his knowledge and experience of SAP products allow him to cut to the chase dispelling myths and hearsay.

As a result of working closely with various SAP Finance Product Management teams on product development, Mark understands these products inside out. This depth of understanding has led to him become a ‘thought leader’ in his field; after all, it is not often SAP consultants have helped shape and develop the very product they are selling.

Having such a strong relationship with SAP alongside being an SAP Mentor and Moderator means that Mark has an extensive network within SAP. For clients, this relationship proves to be a huge advantage and leads to configuration issues being resolved rapidly.

Mark has worked on short proof of concepts through to year-long multi-million pound global roll-outs. However, no matter how large or small the project, the true value Mark brings to his work is in the guidance he provides to senior stakeholders. In essence, he assists them to implement more effective processes and drive better behaviours within their finance teams.

Helping organisations transform their business with SAP S/4HANA is Mark’s current focus. The benefits of S/4HANA are numerous, including the simplification of tasks, embedded analytics and improved user engagement. Whilst the eventual move from SAP Business Suite into S/4HANA is inevitable, the journey to it is not always clear. Mark’s ability to understand an organisation’s needs coupled with his deep understanding of S/4HANA provides clarity and eases their transition.

Bluefin and SAP S/4HANA - welcome to the one horse race

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