SAP Cash Management
What Is SAP Cash Management?
SAP Cash Management provides a comprehensive overview of an organization’s cash flow by processing and analyzing all cash and bank transactions. This includes payments for supplier invoices, sales receipts, stand-alone payments, and unallocated payments/receipts. SAP Cash Management also allows for analysis of financial transactions over a given period, providing vital insights into liquidity.
What Is SAP Cash Management?
SAP Cash Management provides a comprehensive overview of an organization’s cash flow by processing and analyzing all cash and bank transactions. This includes payments for supplier invoices, sales receipts, stand-alone payments, and unallocated payments/receipts. SAP Cash Management also allows for analysis of financial transactions over a given period, providing vital insights into liquidity.
For businesses looking to streamline their financial operations, SAP Cash Management provides critical functionality for managing cash flow, including analyzing financial transactions and ensuring on-time availability of funds. There are three components included in SAP Cash Management powered by SAP HANA: cash operations, liquidity management, and bank account management. These components allow organizations to streamline order-to-cash processes, improve liquidity, and enhance visibility into cash movements.
List SAP Cash Management core capabilities include:
- Managing bank account relationships
- Cash flow and liquidity reports with a comprehensive overview of your company’s financial position
- Maintaining accurate liquidity in the business
- Analyzing financial transactions for a given period
- Generating reports on cash position receipts and disbursements
- Automating payments and collections processes
Key Considerations for SAPinsiders
Consider SAP Cash Management needs as a part of a move to SAP S/4HANA. By leveraging SAP Cash Management with SAP S/4HANA, organizations can generate a complete view of cash position and liquidity, empowered by the modern technical architecture of SAP S/4HANA. The ability to track, trace, and reconcile payments in real-time provides enhanced visibility into cash movements, allowing businesses to better forecast and budget for future expenses. Finance and accounting managers can use this information to make informed decisions about cash management and ensure that adequate funds are available as needed.
Implement SAP Cash Management in SAP S/4HANA as a sidecar option to help determine a roadmap. In this interview with SAPinsider, Natasha Doerksen of Cameco talks about her company’s SAP Cash Management implementation journey.
Prioritize opportunities to lower costs and increase operational efficiency with cash management automation. The way companies are leveraging cash management, bank community, and banking communications to address issues such as lowering bank fees has become more complex. By automating cash management functionality, including payment processing and reconciling supplier statements, businesses can reduce the time and effort required to manage their finances.
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Bracing for 2024 Currency Volatility and Headwinds with Kyriba
To help organizations get a better understanding of the impact of foreign exchange rates on their business, the liquidity performance experts at Kyriba recently released their Q1 2024 Currency Impact Report (CIR). The report collected information from 1,700 companies in North America and Europe to determine the effects of foreign exchange rates on corporate earnings.…
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Vivint Digital Solutions Case Study – Optimizing Cash Flow and RevRec
Watch as Vivint’s Patrick Kelliher and Bramasol’s John Froelich discuss how Vivint streamlined cash management and revenue compliance for the Digital Solutions Economy.
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Breaking Through Liquidity Gridlock with Kyriba
Finance leaders often struggle to make informed data-driven decisions for their organizations because they do not have all the information they need, or that information is not accessible to them when they need it. Multiple, disjointed systems lead to disaggregated data and information silos, which is what Kyriba calls Liquidity Gridlock. These finance leaders need…
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Overcoming Global Liquidity Challenges with Kyriba
All too often, companies still rely on outdated methods like spreadsheets and siloed data practices in their cash management workflows. Additionally, not all liquidity is equally helpful. Organizations must have a clear understanding of where their cash is and how they can best manage it in numerous situations. To give a further look into the…
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Webinar: Cash Management and Visibility – Benchmark Research
In 2023, finance leaders in SAP customer organizations are prioritizing accurate cash flow forecasting amidst an evolving economic landscape. SAPinsider’s research indicates a significant challenge: only 5% of these organizations have a comprehensive view of cash and liquidity. The survey, involving 128 finance community members, highlights an increased focus on agile decision-making to counter economic…
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Cash Management and Visibility – Benchmark Research Report
In 2023, finance leaders in SAP customer organizations are prioritizing accurate cash flow forecasting amidst an evolving economic landscape. SAPinsider’s research indicates a significant challenge: only 5% of these organizations have a comprehensive view of cash and liquidity. The survey, involving 128 finance community members, highlights an increased focus on agile decision-making to counter economic…
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Redwood Software’s RunMyJobs Joins SAP’s Industry Cloud for Utilities
The utility industry continues to modernize, and with that evolution comes the challenge of processing an ever-increasing amount of data. The efficient management of cash is a particularly important task, yet achieving global visibility of it remains elusive for most utility companies. According to the SAPinsider Cash Management and Visibility report, few companies succeed in…
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North American Energy Company’s Resistance to Change Limits Cash Management Automation Efforts
Modernization is crucial for innovation. Yet all too often, organizations are hesitant to leverage the new technologies and capabilities that SAP offers. While the reasons behind this can vary, common threads often include limited resources, resistance to change, and a preference for manual processes over digital systems. To review one case study of how hesitance…
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Leveraging SAP S/4HANA Cash Management
Recent economic uncertainty and struggles with several major banks has made many organizations rethink their cash management strategies. The standard process for managing cash positions can be inefficient and inaccurate. In this article, SAPinsider expert Luke Carlson starts a four-part series will provide an overview of the SAP S/4HANA Cash Management solution and typical business…
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Silicon Valley Bank (SIVB) Collapse a Wakeup Call for Treasury Teams
Despite the financial backstop provided to former customers of SIVB and SBNY, all organizations’ end-to-end treasury and cash management functions will be tested in the coming weeks and months. The lessons learned from SIVB’s collapse should remind organizations that treasury is still the keystone of financial operations, regardless of the size or complexity of their…
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