Knowledge quiz

It’s time to put what you’ve learned to the test, get 5 questions right to pass this unit.

What is the primary function of the 'collect cash' sub-process in the Invoice-to-Cash process in SAP S/4HANA Public Cloud?

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Rectify discrepancies in invoices.

It initiates the cash receipt against the issued invoices.

Manage vendor invoices.

It makes the final payment to suppliers.

It calculates the company's total liabilities.

After a payment is recorded in the daily bank statement, what is the next step in the reconciliation process?

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The payment is immediately posted to the general ledger without any attempt at matching or reconciliation, relying solely on end-of-month adjustments.

The system initially attempts to clear payments automatically using predefined processing rules. Any remaining unmatched items are then cleared manually by accounting personnel.

All payments are held in a suspense account for a standard 30-day period before any reconciliation or clearing attempts are made, to ensure all related transactions have been processed.

What primary challenge arises with the cash application process when a customer makes a single electronic payment for multiple invoices?

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The payment cannot be accepted in digital format.

Determining the identity of the customer becomes difficult.

It becomes complicated to match the payment with the correct invoices.

The total incoming and outgoing cash gets misbalanced.

Taxes applied to the invoices become inconsistent.

Which of the following best describes the main purpose and benefits of the Invoice-to-Cash process in the SAP S/4HANA Cloud?

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The process primarily focuses on creating invoices for customers without considering the following payment process.

It serves to streamline and manage invoices, oversee incoming payments, allocate received payments correctly, and maintain healthy cash flow using tools like SAP Multi-Bank Connectivity and SAP Cash Application.

The Invoice-to-Cash process discovers errors in the invoices created and automatically corrects them using machine learning techniques.

The Invoice-to-Cash process leads to a reduced number of unallocated cash by only implementing SAP Multi-Bank Connectivity.

How does Open Item Management improve cash position transparency within the Invoice-to-Cash process in SAP S/4HANA Public Cloud?

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It automatically generates new invoices.

By allocating received payments accurately and rectifying discrepancies immediately.

By managing shipments and deliveries.

It enhances customer credit risk assessment.

What is the role of the SAP Cash Application in the 'settle, reconcile, account' sub-process in the Invoice-to-Cash process of SAP S/4HANA Public Cloud?

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Calculate the total incoming and outgoing cash

To initiate the cash receipt against the issued invoices

Automatically clear invoices using learned matching criteria

To manage connectivity to global banks

Issue invoices to clients