SAP CASH MANAGEMENT TRAINING

You will learn about the key purposes and functions regarding cash management, using the SAP Cash Management application. In this training course, you will learn how to manage, maintain and monitor bank accounts that includes collecting the receivables and release of cash promptly. Many organizations are using a spreadsheet in an unorganized manner, where you may find the scope to incorporate SAP Cash Management Application for a better business process. You will find enhanced and optimized Cash Management and Treasury solutions that are used to perform the key processes and functionalities of Cash Management of a business.

In the SAP Cash Management Application, you will find three core components, which are:

• Bank Account Management (BAM)
• Cash Operations
• Liquidity Management

Using BAM, you will learn how to create and approve Bank statements using Bank Master Data. In the Cash Operation, you will be able to deal with the day-to-day management of cash inflow and outflow. You will also learn about how to manage and maintain funds, using the Liquidity Management tool. You will learn how to monitor the details about the cash position and uninterrupted fund transfer between banks. You will also be able to deal with the approval of payment and the requests for bank transfers.

To take this course, it is essential that the candidates have practical knowledge of SAP Financial Accounting. It is also recommended to have a basic understanding of Business Processes in Financial Accounting Experience with the SAP system.