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LAZAR offers SAP’s Financials SAP Cash Management is an most helpful instrument to support the cash manager ideally in managing liquidity and currency risk in the most efficient way. Redundant data entry is entirely eliminated. All corporate sectors operate on a unique and consistent data basis which is used for different purposes – for example by the A/R accounts manager for controlling incoming payments, by the A/P accounts manager for controlling cashed checks or the cash manager for controlling bank transfers. At the same time, the cash manager is free to choose his focus on the accurate and up-to-date cash reports – across countries, currencies, subsidiaries or even across the whole group.
SAP Financials supports centralized as well as decentralized best practice solutions. No matter which of these two approaches a company prefers, the SAP system provides the opportunity to determine bank status and liquidity forecast on different levels of the group. If liquidity decisions are taken centrally on a corporate level, the actual and detailed information from SAP Cash Management provides a good basis to net liquidity gaps and surpluses of subsidiaries and establish a centralized, intercompany funding process. The same opportunities are given in risk management: The currency and interest rate exposures between subsidiaries can be net, leaving only the overall exposure for hedging. Another result is that transaction costs as well as spread costs of simultaneous investing and borrowing activity throughout the enterprise are saved.
Finally, a centralized cash management and treasury unit allows for a level of financial expertise that is less easily achieved using a decentralized system. This represents another critical factor for managing liquidity of high quality. Considering the requisites that global acting companies are facing and considering today’s speed of making business, a globally integrated view of actual cash and liquidity information is indispensable.
As a result of the high degree of automation within SAP Cash Management, only exception processing needs to be done manually. This principle treats with care the alertness of all involved parties who can now fully concentrate on the exceptions and special cases that arise during the post processing procedure. In addition, daily automatic processing implicates a better operational control, because unexpected transactions are promptly visible and mistakes can be removed straight away.
Even other corporate sectors profit from this solution. First of all, it takes over a central position within the Financial Supply Chain Management solution as it prepares and reports all cash flows and therefore constitutes an important reporting instrument. Second, a solid foundation is created for analysis within the SAP Financials Corporate Finance Management Solution – especially concerning the functionality for financial deals and risk management.
LAZAR Offers SAP’s Collections Management is a part of SAP Financial Supply Chain Management (FSCM) services. With LAZAR services for SAP Collections Management, you can make receivables management in your company more efficient and act proactively to process an ever-increasing receivables balance in as short a time period as possible.
Receivables management in SAP Collections Management can be divided into four phases:
Employees can then navigate to the customer account selected with the relevant transactions to see all of the information required for preparing the customer contact in an overview. Collection agents can see all of the open invoices, promises to pay, and dispute cases. In the invoice view, all important information, such as the invoice amount, amount paid or promised, and any promises to pay that have been broken are visible together. The transaction also enables employees to navigate to the detail level. For each invoice, for example, they can display a historical overview of the invoice as well as any promises to pay or dispute cases that exist for this invoice.
Once the employee has looked at this overview of the customer account, he can contact the customer and document the result in the system. For example, he can create promises to pay for one or more invoices. A promise to pay allows them to enter the amount promised, the date, contact information, and text notes. The promise to pay can be traced at invoice level. The employee can also create dispute cases or provide information about the status of existing dispute cases.
LAZAR business scenarios for SAP Collections Management include:
LAZAR service for Collections Management will provide comprehensive functions for processing customers and for collecting due receivables that are especially suited to the requirements of the tax authorities. You can use this Business Function to process large amounts of data in environments where manual processing is not suitable. You also have functions for processing open tax receivables and functions which you can use to ensure the submission of missing tax returns. |
You can do the following with this Business Function:
Using effective credit management, companies can reduce the balance of arrears (Days Sales Outstanding) and prevent the possibility of non-payment for a delivery that has already been made. The prerequisites for a company-wide credit policy are the integration of credit management in all distribution channels, automated real-time decisions, and access to internal and external credit information.
LAZAR offers SAP’s Credit Management solution which enables companies that have a large customer base with the opportunity to monitor the total liability of their customers, using appropriate credit lines. A decisive advantage of this is a centralized and company-wide management of credit lines. This means that different distribution channels use the same data to check creditworthiness and utilization. This eliminates the risk of customers exceeding the credit limit granted to them by using different distribution channels, without this being recognized by the credit department. In the age of Web business, in which business processes take place at "Web" speed, it is very important to be able to classify new customers or check creditworthiness in real time.
LAZAR will build Credit Management interfaces to corresponding external credit information providers so that the user can get an independent assessment of his or her customers from professional service providers in real-time. In addition, the customers can be assessed according to your own internal company valuation rules, whereby companies can take their internal credit guidelines into account.
By utilizing LAZAR services for SAP Credit Management you will be able to build extensive analyses to identify customer groups with a low risk and good response time, and therefore plan targeted sales and marketing campaigns for low-risk customers. In addition, you can use relevant analyses to compare the structure of their customers, with regard to creditworthiness, with that of other companies or with the industry average.
The Credit Management system also has analyses that can be used to monitor the performance of a credit department or individual credit clerks with respect to the effectiveness of credit decisions. This enables companies to establish to what extent the Credit Management Department was able to prevent non-payment through credit decisions in the past, or to what extent strategic specifications could be implemented. Constant monitoring of performance prevents credit departments from rejecting sales orders due to credit decision criteria that are too severe, where the credit risk would actually be acceptable for the company.
LAZAR offers SAP’s Billing Consolidation solution as an open platform for the exchange and processing of electronic documents, which includs digitally signed electronic invoices (EBPP, Electronic Bill Presentment and Payment). The system is designed for BPO service providers to build up large business partner networks, offering archiving services, electronic signature services, verifying electronic signatures, data conversion services and various communication protocols.
Your benefits are:
LAZAR services enable companies with:
LAZAR offers SAP's solution for Treasury and Risk Management which is a comprehensive set of functions for managing your financial transactions and risk.
By using SAP Treasury and Risk Management you can:
With SAP Treasury and Risk Management you get straight through processing for all conventional types of instruments within investment, debt, and foreign exchange management. And it is integrated with the cash and liquidity management functions, all of which are part of mySAP Financials. This means you can base your trading decisions on data gained from current global liquidity and risk analyses that include cash flows from your company's operational business. Furthermore, investment, debt, and foreign exchange management capabilities support compliance with the latest regulations and accounting standards, such as FAS133.