Knowledge quiz

It’s time to put what you’ve learned to the test, get 8 questions 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

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

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

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Predictive Coding

Batch Credit Evaluations

Real-Time Credit Checks

Historical Data Analysis

Which feature allows Advanced Credit Management to gain insights into credit exposures?

Choose the correct answer.

Manual Transaction Analysis

Automated Data Deletion

Predictive Coding Techniques

Advanced Analytics and Reporting

In which two ways can you set the credit rating in your system?

Choose the correct answer.

Manually inputting the rating and importing an external rating via SAP Ariba.

By manually selecting the internal rating procedure and inputting the rating, and by using the Cloud for Credit Integration to import an external credit rating from an agency via the SAP Business Technology Platform.

Automatically calculating the rating based on historical data and by importing an external rating via SAP SuccessFactors.

Using SAP Analytics Cloud to select the internal rating procedure and input the rating from an external rating agency.

Which solution is integrated into S/4HANA Cloud to manage credit risk effectively

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SAP Financial Monitoring System

SAP Legacy Credit Tools

SAP Risk Management Portal

SAP Advanced Credit Management

Which of the following is a benefit of integrating SD and FI modules in SAP S/4HANA Cloud?

Choose the correct answer.

Enhanced decision-making in credit management, financial planning, and customer service

To avoid enhancing credit risk analysis and customer management.

To restrict access to financial data and hinder sales processes.

Greater dependency on third-party software

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

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.

10.

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.