perfection IN DETAIL. Cash ManageMent

Transcription

1 perfection IN DETAIL. Cash ManageMent

2 Cash ManageMent OptiMuM COntrOl Over YOur Cash resources Ensuring liquidity, maintaining the ability to pay and realising adequate profitability of funds invested are the most significant tasks of a Cash Manager. Prerequisite for this is a daily overview of all bank account balances and short-term plannings of the available funds while taking into account the expected incoming and outgoing payments. Your SAP standard license FI (Financial Accounting) includes, free of additional licensing costs, preconfi gured SAP functions for performing efficient cash management in SAP. With these functions, SAP provides automated processes for the daily reconciliation and posting of bank statements, the daily liquidity position, short and mid-term liquidity forecasts as well as an intragroup consolidation of cash funds (cash pooling). SymQ helps you keep an eye on your shortand mid-term liquidity at any time and to continuously improve your cash management processes. Jochen Stiebe Managing Director SymQ GmbH

3 Integrated Processing of Electronic Bank Statements in Your SAP ERP Environment sap -ERP IS-U, FS-CD Bank Statements Remittance Advices Lockboxes sap ERP 6.0 Electronic Bank Statement Host-Systems Archive sap Cash Management sap Treasury Management We activate your already licensed sap standard functions in the area of cash management to efficiently realize your short-term cash flow management. As integrated components of your SAP ERP environment, the SAP standard functions Electronic Bank Statement, Cash Management and Cash Concentration are available to you free of licensing costs. We support you in activating these standard functions and enable you to achieve an automatic integration and account assignment of bank statement data as well as a group-wide overview of your daily liquidity or liquidity that is available at short notice. sap Electronic Bank Statement With the help of the SAP standard function Electronic Bank Statement we design an automatic reconciliation and posting of your daily bank statements in SAP AR/AP. In addition to a more efficient design of your processes in the scope of your daily cash application, you can avoid data entry errors and reduce costs that arise due to redundant data storage. sap Cash Concentration Activating the SAP standard function Cash Concentration allows you to perform a group-wide bundling of liquidity (pooling) using centrally managed cash pools. This gives you the ability to transfer any liquidity surpluses from different group accounts to a target account (e.g. to the account with best interest rate conditions) or settle any liquidity gaps through internal credits while taking into consideration the minimum cash levels defined for each account. It goes without saying that the SAP system supports the necessary internal interest calculation for such internal credits. As a result of the cash pooling, short-term plannings in the amount of the account transfers as determined by the system are generated. These correct your value date-based bank balance in the SAP standard function Cash Management. Subsequently, the transfers are automatically converted into payment orders or into payment requests to the banks.

4 sap Cash Management The activation of the SAP standard function Cash Management adds to the already activated function sap Electronic Bank Statement and allows you to automatically consolidate and reconcile all imported bank statement data with forecasts from your SAP FI, your SAP subledgers (such as SD, MM) and your existing SAP solutions (e.g. SAP Treasury & Risk Management, SAP In-House Cash). Manual adjustments and corrections are, of course, still possible. The results of the daily account reconciliation and short-term planning are displayed in the SAP standard reports Cash Management Position and Liquidity Forecast. You always have access to accurate and up-to-date liquidity reports by banks, countries, currencies and subsidiaries. This central overview is the most important tool for an optimal control of your cash flows and, ensuring the financial solvency of your company. SAP Cash Management From Reporting to Financial Planning Decisions Market Information Financial Planning Decision trm Cash Management Position Liquidity Forecast Bank Accounts in Currency: - Account 1 to Account n, Total Payments in Transit - Incoming Payments - Outgoing Payments Financial Investments & Borrowings Subledger: - Receivables - Payables Subledger: - Purchase Orders

5 SAP Cash Management Optimum Control Over Your Cash Resources Cash allocation Reconciliation of balances Analysis of value date-based balances Intragroup cash pooling Short-term liquidity forecast Investment, borrowing - Import electronic bank statements (sap Bank Communication Management) - Clear open items in Financial Accounting - What is my bank balance value date yesterday? - Reconcile forecast with posted flows - Enter new forecasts for the current day - What is my value datebased balance today? - What is my value datebased liquidity across all bank accounts? - Definition of cash pooling rules - Clearing/ concentration of surplus/ deficits - Is liquidity pooled on a money market account? - Determination of reliable incoming payments from Financial Accounting or Treasury transactions - How does liquidity change on the bank accounts in the following days - Which manual money transfers are possible? - Which amount is to be invested/ borrowed? Our COnsulting services YOur Business value Global access to bank statement items in your sap ERP system Automated matching and posting of open items in the financial accounting Automated integration of expected cash flows from SAP FI (general ledger) as well as SAP and non-sap feeder systems (subledgers) (e.g. SAP sd, MM, CO, trm, ihc, Baan, Navision, external Treasury Management Systems, etc.) Optimum control of cash flows Central overview and accurate forecasts based on the cash management position Short-term to medium-term liquidity forecasting for all company codes Ensuring short-term solvency of your company Company-specific access to accurate and upto-date liquidity reports by banks, countries, currencies and subsidiaries Optimization of intragroup payments through cash pooling

6 Your Competent Partner for Treasury Consulting: SymQ SymQ is specialized in analyzing SAP standard applications and functions in the areas of Cash, Liquidity, Treasury and Risk Management with regard to their suitability for use in companies, and in reviewing and implementing them. Our project teams include industry experts and highly qualified SAP specialists. They have comprehensive expertise in their specific fields and with regard to the systems that are available to support you. We would be happy to provide you with an overview of all functions and options in the SAP standard appli- cation that are particularly useful for your Treasury requirements. We are always available for an onsite appointment. Maximize the potential of your existing system environment and fully get to know the sap functions that other companies have already used to leverage untapped Treasury potentials. Optimize your current Treasury Management with features that may have been dormant for years in your system landscape and that can significantly improve your daily operative processes. SymQ GmbH Oldesloer Straße Hamburg Germany Tel: +49 (0)40 / Fax: +49 (0)40 / info@symq.de SymQ Americas 205 N. Michigan Avenue / Suite 4110 Chicago, Illinois USA Tel. +1 (312) Fax. +1 (312) info@symq-consulting.com Copyright 05/2014 SymQ GmbH. All rights reserved. SAP and R/3 are registered trademarks of SAP AG.