FS310- SAP Insurance Collections and Disbursements Training

Instructor-Led Training Parameters

Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

FS310- SAP Insurance Collections and Disbursements Training Course Overview

The FS310 - SAP Insurance Collections and Disbursements (FS-CD) Training by Multisoft Systems is designed for professionals looking to master financial processes in the insurance industry. This course provides in-depth knowledge of SAP FS-CD, covering critical areas such as premium collections, claims payments, subrogation, policyholder accounting, and third-party settlements. Participants will gain hands-on experience with SAP FS-CD functionalities, learning how to configure and optimize collections and disbursements processes to improve efficiency. The training explores integration with other SAP modules, such as FI, CO, and FS-RI, ensuring a comprehensive understanding of the financial landscape within insurance operations. Through expert-led training sessions, learners will explore essential FS-CD components, including payment processing, dunning procedures, correspondence management, and cash flow monitoring. The course is ideal for SAP consultants, insurance professionals, financial analysts, and IT specialists involved in insurance financial management.

By the end of the training, participants will be equipped with the knowledge and skills to configure, implement, and manage SAP FS-CD processes effectively. This program helps professionals enhance their expertise in SAP FS-CD and advance their careers in the insurance and financial sectors. Enroll now to gain industry-relevant skills and expertise!

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FS310- SAP Insurance Collections and Disbursements Training Course curriculum

Curriculum Designed by Experts

The FS310 - SAP Insurance Collections and Disbursements (FS-CD) Training by Multisoft Systems is designed for professionals looking to master financial processes in the insurance industry. This course provides in-depth knowledge of SAP FS-CD, covering critical areas such as premium collections, claims payments, subrogation, policyholder accounting, and third-party settlements. Participants will gain hands-on experience with SAP FS-CD functionalities, learning how to configure and optimize collections and disbursements processes to improve efficiency. The training explores integration with other SAP modules, such as FI, CO, and FS-RI, ensuring a comprehensive understanding of the financial landscape within insurance operations. Through expert-led training sessions, learners will explore essential FS-CD components, including payment processing, dunning procedures, correspondence management, and cash flow monitoring. The course is ideal for SAP consultants, insurance professionals, financial analysts, and IT specialists involved in insurance financial management.

By the end of the training, participants will be equipped with the knowledge and skills to configure, implement, and manage SAP FS-CD processes effectively. This program helps professionals enhance their expertise in SAP FS-CD and advance their careers in the insurance and financial sectors. Enroll now to gain industry-relevant skills and expertise!

  • Understand the fundamentals of SAP FS-CD and its role in insurance financial operations.
  • Learn policyholder accounting, premium collections, and claims disbursements processes.
  • Configure payment processing, direct debits, and bank statement reconciliation in SAP FS-CD.
  • Implement dunning procedures, installment plans, and subrogation management for effective collections.
  • Integrate FS-CD with SAP FI, CO, FS-RI, and other financial modules for streamlined operations.
  • Manage third-party settlements, broker commissions, and co-insurance transactions efficiently.
  • Gain expertise in cash flow monitoring, account reconciliation, and financial reporting.
  • Utilize correspondence and notifications to improve customer interactions and compliance.

Course Prerequisite

  • Basic understanding of SAP Financial Accounting (FI) and Controlling (CO)
  • Familiarity with insurance processes, including collections and disbursements
  • Knowledge of SAP FS-CD fundamentals (preferred but not mandatory)

Course Target Audience

  • SAP FS-CD Consultants
  • Insurance Professionals
  • Financial Analysts
  • SAP FI/CO Consultants
  • IT Specialists in Insurance Sector
  • Policy and Claims Managers
  • Billing and Collections Specialists
  • SAP Implementation Team Members
  • Business Analysts in Insurance Finance
  • System Administrators

Course Content

  • Explaining Master Data for FS-CD
  • Using Master Data Attributes
  • Describing and Creating Master Data Models in FS-CD

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  • Using Postings and Documents
  • Explaining the G/L Integration
  • Using the Payment Plan
  • Explaining Account Balance

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  • Explaining Correspondence

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  • Using Clearing & Payment Lots
  • Explaining the Payment Lot
  • Explaining Credit Processing
  • Explaining Account Maintenance
  • Using Clearing Control

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  • Executing the Payment Program
  • Explaining Payment Cards

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  • Explaining Returns
  • Explaining Automatic Debit
  • Displaying Returns History

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  • Explaining Dunning Requirements
  • Explaining the Dunning Concept in FS-CD
  • Configuring and Executing the Dunning Program

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  • Explaining Installment Plans

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  • Explaining Master Data (Broker Collections)
  • Explaining Broker Hierarchies and the Broker's Desktop
  • Performing Postings for Broker Collection

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  • Explaining Data Transfer
  • Explaining the Technical Basics

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FS310- SAP Insurance Collections and Disbursements Training (MCQ) Assessment

This assessment tests understanding of course content through MCQ and short answers, analytical thinking, problem-solving abilities, and effective communication of ideas. Some Multisoft Assessment Features :

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FS310- SAP Insurance Collections and Disbursements Corporate Training

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FS310- SAP Insurance Collections and Disbursements Training FAQ's

FS310 is a specialized training course that covers SAP FS-CD, focusing on premium collections, claims disbursements, policyholder accounting, and financial transactions within the insurance industry.

This course is ideal for SAP FS-CD consultants, insurance professionals, financial analysts, IT specialists, policy managers, and billing & collections specialists involved in insurance financial operations.

Basic knowledge of SAP Financial Accounting (FI), Controlling (CO), and insurance financial processes is recommended. Familiarity with SAP FS-CD is beneficial but not mandatory.

The training covers policyholder accounting, premium collections, claims payments, dunning procedures, bank statement reconciliation, third-party settlements, and SAP FS-CD integration with other modules like FI, CO, and FS-RI.

To contact Multisoft Systems you can mail us on info@multisoftsystems.com or can call for course enquiry on this number +91 9810306956

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