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

SAP Insurance Collections and Disbursements Training Course Overview

The SAP Insurance Collections and Disbursements (FS-CD) training offered by Multisoft Systems is designed to equip professionals with the necessary skills to manage and optimize financial transactions in the insurance sector. This course provides a thorough understanding of the SAP FS-CD module, essential for handling premium collections, policy disbursements, and integrating financial postings. Participants will delve into the functionalities that enable efficient management of incoming and outgoing payments, ensuring accurate and timely financial records. The training covers key topics such as payment processing, managing agent collections, reimbursement, and the reconciliation of collection and disbursement activities with general ledger accounts.

Through hands-on sessions and expert guidance, learners will gain practical experience in configuring and using the SAP FS-CD module to improve insurance financial processes. They will also learn how to streamline operations, reduce errors, and enhance financial controls within their organizations. By the end of this course, attendees will possess the expertise to contribute significantly to the financial efficiency of their insurance enterprises, making them valuable assets to their teams.

This training is ideal for finance professionals in the insurance industry, SAP consultants, and anyone looking to specialize in financial operations within the insurance sector.

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SAP Insurance Collections and Disbursements Training Course curriculum

Curriculum Designed by Experts

The SAP Insurance Collections and Disbursements (FS-CD) training offered by Multisoft Systems is designed to equip professionals with the necessary skills to manage and optimize financial transactions in the insurance sector. This course provides a thorough understanding of the SAP FS-CD module, essential for handling premium collections, policy disbursements, and integrating financial postings. Participants will delve into the functionalities that enable efficient management of incoming and outgoing payments, ensuring accurate and timely financial records. The training covers key topics such as payment processing, managing agent collections, reimbursement, and the reconciliation of collection and disbursement activities with general ledger accounts.

Through hands-on sessions and expert guidance, learners will gain practical experience in configuring and using the SAP FS-CD module to improve insurance financial processes. They will also learn how to streamline operations, reduce errors, and enhance financial controls within their organizations. By the end of this course, attendees will possess the expertise to contribute significantly to the financial efficiency of their insurance enterprises, making them valuable assets to their teams.

This training is ideal for finance professionals in the insurance industry, SAP consultants, and anyone looking to specialize in financial operations within the insurance sector.

  • Gain a comprehensive understanding of the SAP Insurance Collections and Disbursements module and its role in the insurance sector.
  • Learn to manage and execute financial transactions related to premium collections, disbursements, and refunds efficiently.
  • Develop skills to improve financial controls, ensuring accurate and timely processing of insurance payments and financial postings.
  • Acquire the knowledge to streamline payment processing, including the management of agent collections and the handling of policyholder payments.
  • Learn to integrate collections and disbursements activities with general ledger accounts for cohesive financial reporting.
  • Understand how to minimize errors and reduce operational risks through effective configuration and management of the SAP FS-CD system.
  • Equip yourself with the tools and techniques to enhance operational efficiency in managing insurance financial processes.

Course Prerequisite

  • Familiarity with general insurance operations and financial processes.
  • Prior experience or basic knowledge of SAP ERP systems is beneficial.

Course Target Audience

  • Finance Professionals in the Insurance Sector
  • SAP Consultants
  • Insurance Claims Handlers
  • Insurance Accountants
  • Financial Controllers
  • Business Analysts with a focus on insurance
  • SAP Application Developers
  • IT Support Staff working in the Insurance Industry

Course Content

  • Process business partners, contract accounts and insurance objects
  • Use control parameters for master data
  • Explain master data objects in FS-CD
  • Use master data attributes
  • Describe and create master data models in FS-CD

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  • Use postings and documents
  • Explain and configure integration and G/L account determination
  • Use the payment plan
  • Display and analyze the account balance

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  • Explain correspondence
  • Clearing and Payment Lots
  • Explain Clearing & Payment Lots
  • Create and post payment lots
  • Process credits
  • Differentiate between manual and automatic clearing of credit/receivables on a contract account
  • Explain Clearing Control

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  • Execute and explain the payment program
  • Explain payment cards

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  • Configure returns reasons, activities and charges
  • Create returns lots
  • Explain clearing of unsuccessful payments
  • Explain the processing of returns with bank collection
  • Display returns histories for business partners
  • Display returns histories

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  • Explain dunning requirements
  • Explain the dunning concept in FS-CD
  • Configure dunning variants, levels, and activities
  • Explain how the dunning procedure is determined in the Collections/Disbursements system
  • Execute a dunning proposal run and a dunning activity run

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  • Explain Installment Plans
  • Create an installment plan for one or more items
  • Calculate interest on an installment plan

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  • Explain master data for broker collections
  • Create broker hierarchies and explain the broker's desktop
  • Perform postings for broker collection

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  • Explain data transfer
  • Explain the technical basics

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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 :

  • User-friendly interface for easy navigation
  • Secure login and authentication measures to protect data
  • Automated scoring and grading to save time
  • Time limits and countdown timers to manage duration.
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SAP Insurance Collections and Disbursements Corporate Training

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  • Course ID & Course Name
  • Certificate with Date of Issuance
  • Name and Digital Signature of the Awardee
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SAP Insurance Collections and Disbursements Training FAQ's

You will learn how to manage and optimize financial transactions such as premium collections, policy disbursements, and integrate these with financial postings using the SAP FS-CD module.

This training is ideal for finance professionals in the insurance industry, SAP consultants, insurance claims handlers, and anyone interested in specializing in financial operations within the insurance sector.

Yes, attendees should have a basic understanding of insurance business processes, some experience with SAP ERP systems, fundamental accounting knowledge, IT proficiency, and strong analytical skills.

Yes, participants will receive a certificate of completion from Multisoft Systems, which can be a valuable addition to your professional credentials.

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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