SAP’s Receivables Management is an integrated solution from SAP that helps businesses manage the processes of the receivables functions such as customer credit risk, collections management, dispute management. To effectively perform their job, personnel in receivables function need to interact extensively with people from other departments, such as Sales & Marketing, Distribution and Customer Service; and SAP Receivables Management makes this possible as it is integrated with core SAP ERP functionality, it ensures that the personnel in the receivables function have access to the latest data and are in sync with all the other departments.
SAP Receivables Management is a comprehensive suite of solutions for a business’ receivables function:
If accounts receivable is not proactively managed, the impact on the financial health of a business can be fatal; it can adversely impact cash flow, increase the risk from customer default on outstanding invoices and increase the cost of operations for the receivables function. SAP Collections Management helps businesses proactively manage receivables, thus improving the overall financial performance.
Disputes are the nightmare of receivables function across businesses. Inefficient dispute management processes not only affect the financial performance in the short-run but also adversely affect customer relationship in the long-run. SAP Dispute Management can help businesses improve their management of short payments. SAP Dispute Management is fully integrated with other SAP Receivables Management modules, and supports centralized case processing.
An inefficient credit management process can not only increase the riskiness of receivables portfolio but also result in a loss of potential sales. An efficient credit management process becomes all the more necessary in tougher economic times. SAP Credit Management can help businesses proactively manage credit. Its tight integration with core SAP ERP modules, like Sales and Distribution, enables credit managers to effectively implement credit limits.
Electronic Invoice Presentment and Payment (EIPP) helps businesses cut costs by moving to a paperless process, improve customer service by providing customer self-service, decrease billing errors. SAP Biller Direct is an EIPP solution that is fully integrated with the backend SAP ERP system eliminating redundancies and inconsistencies in data.
We can help you maximize the return on your SAP Receivables Management investment in two ways:
- We can provide techno-functional consulting services to implement SAP Receivables Management
- We offer off-the-shelf solutions called ‘HighRadius Accelerators’ to extend the core SAP Receivables Management functionality, taking receivables automation to the next level
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If you want to discuss SAP Receivables Management with one of our Subject Matter Experts please contact us and we will arrange a call to discuss SAP Receivables Management modules and best practices in more detail.
