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 Receivables Line-Item Matching service in the SAP Cash Application?

Choose the correct answer.

To manually input data from multiple sources.

To provide proposals for matching receivables with incoming bank statement items and automatically clear them.

Assist in the automation of the process of scheduling jobs for Receivables Line-Item matching

To generate a predicted payment behavior for prioritized collections.

Act as a matching engine for SAP S/4HANA Cloud and SAP Business Technology Platform

What role does SAP Multi-Bank Connectivity play in the process of bank statements upload in SAP S/4HANA Cloud?

Choose the correct answer.

It connects the user-interface to the database in the SAP system.

It provides additional security to the SAP S/4HANA cloud system.

It establishes the connection between house banks and the SAP S/4HANA Cloud system, importing bank statement data.

It maintains the inventory of the house banks.

What status do all bank statement items have after successful processing in the SAP Fiori app, Reprocess Bank Statement Items?

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Not Completed

Ongoing

Completed

Transfer Failed

Processing

How does the Invoice Skipped in Payment Advice in SAP solution enhance the payment advice process?

Choose the correct answer.

By delaying payment reconciliations.

By manually cross-referencing payment advices with invoices.

By using AI to detect discrepancies and automate resolutions.

By increasing the number of skipped invoices.

In the proposed system, what is one role of SAP Business AI, regarding exception handling?

Choose the correct answer.

Increasing the number of exceptions handled manually

Identifying discrepancies and providing suggestions for resolving minor exceptions

Reducing the accuracy of payment matching

Minimizing historical data usage

What is the main purpose of the SAP Cash Application software solution?

Choose the correct answer.

Improve efficiencies, reduce days sales outstanding, and integrate with SAP S/4HANA Cloud

It schedules jobs for the Receivables Line-Item Matching machine learning service.

It is a machine learning service that analyzes incoming bank statement items.

It is a data entry solution that inputs data into various sources like emails and scanned documents.

It arranges bank statement items according to their SAP Cash Application status.

How does SAP S/4HANA Cloud process bank statements?

Choose the correct answer.

SAP S/4HANA Cloud only manually processes bank statements after they are uploaded using the Manage Incoming Payment Files app.

The system imports bank statements directly from the bank's system with SAP Multi-Bank Connectivity and processes them based on predefined processing rules and interpretation algorithms.

SAP S/4HANA Cloud forwards bank statements to third-party services for analysis and posting.

The system requires user intervention at each step of the bank statement processing.

Which actions are possible when all open items of a customer are identified to match the bank statement information?

There are two correct answers.

Simulation of the posting

Saving without posting

Requesting more funds from the bank

Sending notification emails to customers

How does the SAP Cash Application process received payments?

Choose the correct answer.

It manually categorizes and matches received payments to open invoices.

It uses artificial intelligence to match received payments to open invoices and reconcile accounts.

It sends them to a third-party service for processing and then updates the company's internal systems.

It requires direct input from customers, who must indicate which invoice their payment relates to.