Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

What is the purpose of the validation step in the migration process?

Choose the correct answer.

Generate financial reports

To ensure the credit management profiles align with business logic and policies

Extract data from legacy systems

Transform and cleanse data

Which automated task ensures that sales orders are aligned with customer credit limits?

Choose the correct answer.

Assign Credit Management Role

Update Rule for Scoring and Credit Check

Update Credit Limit for Business Partner

Check Credit on SD Documents

A sales order is being created in a system with automated credit checks. The order includes details such as Sold-to Party, Ship-to Party, Customer Reference, Customer Reference Date, Requested Delivery Date, Payment Terms, Material Number, and Quantity. The system performs an automatic credit check. If the credit check fails, a credit case is automatically assigned. Which of the following statements accurately describes aspects of this process?

There are two correct answers.

The creation of a sales order requires the input of information such as Sold-to Party, Ship-to Party, and details about the ordered goods. The credit check is performed after all order details are entered and the order is saved.

A failed credit check, resulting from exceeding the customer's credit limit, automatically assigns the order to a credit analyst for manual review and approval before the order can proceed.

If the credit check fails, no action is taken, and the order is processed without any credit case assignment.

A credit check is not performed automatically; it is manually reviewed by the sales team.

How does the integration between SD and FI benefit credit management?

Choose the correct answer.

By providing weather forecasts for logistics

Through predictive maintenance of equipment

By generating environmental impact reports

Through comprehensive credit management and informed credit decisions

In SAP Credit Management, a company uses credit segments to manage area-specific credit limits. Consider a customer with sales across multiple regions (e.g., North America, Europe, Asia). Which of the following statements accurately reflects the functionality of credit segments and their role in managing credit limits within this context?

Choose the correct answer.

Credit segments allow the company to set only one single, overall credit limit for the customer, regardless of the sales region.

Credit segments enable the company to establish separate credit limits for each sales region (e.g., a different credit limit for North America, Europe, and Asia), while also maintaining a total credit limit across all regions.

Credit segments are irrelevant to managing credit limits and are only used for tracking customer payment behavior.

Credit segments function solely as a reporting mechanism, providing summaries of customer credit utilization but not impacting actual credit limit checks.

In SAP Credit Management, describe the process of activating/deactivating the Credit Management module, defining credit segments to establish business partner credit limits, and selecting relevant currencies. Consider the implications of these steps for credit risk assessment and decision-making.

Choose the correct answer.

Credit Management activation/deactivation is a simple on/off switch, independent of other system configurations. Credit segments are created arbitrarily, and currency selection is optional; the system defaults to the company's primary currency.

Activating Credit Management requires configuring various parameters and integrating it with other modules. Credit segments are carefully defined based on business criteria (e.g., industry, risk profile) to determine credit limits for business partners. Currency selection is crucial for accurate credit limit tracking and reporting in multiple currencies.

The activation of Credit Management automatically creates default credit segments and assigns a default currency to all business partners. No further configuration is necessary.

Deactivating Credit Management immediately removes all credit limits and related data. Credit segments are automatically deleted upon deactivation, and currency selection becomes irrelevant.

Which feature of the Credit Management Reporting app helps track and analyze overdue receivables?

Choose the correct answer.

Credit Exposure Analysis

Credit Limit Utilization

Creditworthiness Scoring

Aging Analysis

What does the integration with external credit rating agencies in S/4HANA Cloud help with?

Choose the correct answer.

Adjusting pricing strategies

Configuring payment gateways

Incorporating external credit data into credit risk assessments

Processing supplier payments

What technological advancement does the Advanced Credit Management in S/4HANA Cloud leverage during order processing?

Choose the correct answer.

Predictive Coding

Batch Credit Evaluations

Real-Time Credit Checks

Historical Data Analysis

10.

Within the SAP Credit Management system, a credit limit request for a business partner can be initiated and managed in multiple ways. Considering the available applications and access points, which of the following statements accurately reflects how credit limit requests are handled?

Choose the correct answer.

Credit limit requests are exclusively created and managed within the 'Manage Credit Limit Requests' app, with no other access points available.

The Manage Credit Accounts app provides access to the credit profile of a business partner, from where the details of existing credit limit requests can be viewed and managed.

Credit limit requests are automatically generated upon the creation of a sales order within the 'Create Sales Documents' app.

The creation of a sales document in the 'Create Sales Documents' app directly impacts the credit limit approval process, automatically adjusting the credit limit based on order value.