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http://itunes.apple.com/app/sap-customer-financial-fact/id470165200?mt=8

Over the past couple of years SAP has invested heavily in designing mobile
business apps. The current suite covers the full spectrum of line of business
apps and industry specific apps. SAP has indicated its intention to keep up this
investment in line with the growing demand.

The Customer Financial Factsheet was released early last year to satisfy the
need for the sales team to understand more about a customer after the sale has
taken place. The first iteration was simple – easy to use and provided key
information. The app was designed to be consumed via a mobile phone device
rather than a tablet device so some of the functionality was limited.

The latest version of the Customer Financial Factsheet will be released (via
ramp up access) this month. As you can imagine, significant enhancements have
been made to the initial release of this app. There are three areas of
improvements.

1 – Extra functionality within the app. The highlights of
these are covered later on in this blog; however the user can now access more
information including SAP FSCM and perform more tasks than previously
available.

2 – The ability to access the app via a tablet. Due to the
size of a mobile phone device the ease of use was not really there. The size of
the screen limited the amount of information that could be displayed and by
moving to a tablet version more information can be displayed and more actions
can be carried out.

3 – New technology. The new app uses the latest Sybase
version 2.1.2 . I am not going to pretend that I know what that means, or what
that provides. What I do know if that the look and feel of the solution is much
improved and I am lead to believe this is due to recent technology
developments.

What problem does it tackle?

A common business process would have the sales force contacting customers to
target sales. Depending on the industry and organisation contact to a customer
could be daily, weekly or less often. The core part of the customer contact will
focus on new sales rather than historic sales. Once the sale has been made, and
the product or service received the baton is passed to the Finance department to
complete the process by ensuring prompt billing and receipt of payment. In the
main this is a formality and the process is fairly simple. However there are
occasions where this goes wrong. The customer may have a fault with the product,
the wrong price could be on the order, or the customer does not have the funds
to make payment according to the payment terms set out in the contract. In some
situations this critical information is not fed back to the sales force leading
them to go into a meeting with the customer not knowing the true position of the
customer. If for example the sales person knew the customer had adverse payment
history and was not paying its current outstanding invoices they would be less
inclined to commit to future sales. If the sales person was aware of a pricing
issue they would be able to include this in the next conversation with the
customer to ensure not only does it get resolved but the customer is aware that
it is being addressed and will not occur again. In short the process of who is
responsible for future sales and post sales does not change, but by providing
the sales person insight into the later stages of the process enables them to
make better decisions.

So what does the app do?

The Customer Financial Factsheet enables the sales person to consume all of
the relevant information. The app starts with an overview of the customer’s
account looking at key metrics such as payment terms, days in arrears, amount
overdue, and number of dispute items. Further to this graphical representation
of key information such as historic sales volume per period provides a concise
overview of the account to the sales person. Secondly, being able to action
updates such as raising “disputes” or “promises to pay” from the customer, or
being able to directly e-mail copy invoices and add notes back to the Financial
team. Lastly external, non SAP documents can be attached to the customer via the
app enabling key information to be held against the customer.

Who is it targeted at?

This is the most important question as having a pretty solution without a
need is worthless. The app belongs to the line of business suite of apps so SAP
deems this to be a cross industry product for which I agree. If we assume our
target audience have the relevant mobile devices we can then be pickier around
the target industry sectors. One of the simplest ways to break this down would
be to look at industries or organisations that are set up in a way that the
sales force has “face to face” contact with their customers. Industries such as
FMCG, Media and Services would therefore be well suited, whereas Public Sector,
Utilities and Retail would be less suited. All oganisations will be set up
differently and this solution may be released to a sub set of the sales force
within an organisation to target a certain group of customers (low volume high
risk springs to mind).

Summary

The improvement within the app focusing on the usability and actions that can
be performed increase the desirability of this product. With businesses focusing
on improving cash this product will gain further momentum. One of the more
subtle benefits that could be realised will be around breaking down the barriers
between the Finance and Sales community. By providing the sales force key
financial metrics relating to the customer will enable a consistent approach to
be taken when dealing with “problem” customers, in turn reducing risk,
increasing profitability and lastly increasing goodwill between the two
departments.

http://itunes.apple.com/app/sap-customer-financial-fact/id470165200?mt=8

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3 Comments

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  1. Narasimhulu Konnipati

    Hi Mark,

    I have been observing your posts and blogs from past few months and felt to share my opinion with you.

    I have checked the list of blogs you posted from past few months/years and thought to appreciate for your continuous effort to make users aware of changes and new challenges.

    I am taking this movement to appreciate you for all your efforts to serve SCN users.

    We are glad to have you in the forum and address users on many areas.

    People like me are working FI and CO, but not into FSCM but interested. We might need your guidance to learn FSCM and recommend this to our Clients.

    We are really thankful for your contribution and hope you to keep the same.

    I would request you to post something related to new learners with which can be helped them to learn FSCM.

    Once again thanks,

    Narasimhulu

    (0) 
    1. Mark Chalfen Post author

      Hi there

      Thanks for your comments.

      SAP FSCM is slowly growing in terms of market share.

      The best FSCM consultants know the process more than the software. Knowing what customers need enables you to design a solution to meet their requirements.

      I produced a summary blog on my company’s website – http://www.bluefinsolutions.com/insights/blog/where_are_we_with_sap_fscm_in_2012/

      This has some good links that should help – and I am working on a FAQ blog next

      (0) 
      1. Narasimhulu Konnipati

        This is really motivating.

        I have seen the website and felt there are so many which i need to learn.

        Thank you for your kind help

        We shall wait for your blog

        Thanks

        (0) 

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