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What is the purpose of SAP Business Data Cloud?
A. To automate payroll processing
B. To unify data from various sources
C. To optimize supply chain operations
D. To manage employee benefits
Answer: B
NEW QUESTION # 47
What is the primary function of SAP CRM?
A. To enhance supply chain operations
B. To automate payroll processing
C. To optimize customer relationship management
D. To manage financial operations
Answer: C
NEW QUESTION # 48
Which SAP function within International Trade Management is designed to optimize costs by efficiently handling import and duties?
A. Sanctioned Party Screening
B. Compliance Business Partner Management
C. Trade Preference Management
D. Customs Management
Answer: D
Explanation:
Comprehensive and Detailed 150 to 250 words of Explanation From Positioning SAP Business Suite via SAP Financial Management Solutions documents:
Within the SAP Global Trade Services (GTS) framework, Customs Management is the specific functional area dedicated to the technical and financial aspects of moving goods across borders. While compliance- focused modules ensure you are "allowed" to trade, Customs Management focuses on the "how" and the
"cost." It automates the calculation of duties and taxes based on the Harmonized System (HS) codes and the value of the goods, ensuring that companies pay the correct amount-and not more.
By leveraging Customs Management, organizations can participate in special customs procedures such as bonded warehousing or foreign trade zones (FTZ), which allow for the deferral or reduction of duty payments.
It facilitates direct electronic communication with customs authorities, speeding up the clearance process and reducing the risk of costly storage fees at ports. For the CFO, this represents a significant opportunity for cost optimization and cash flow management. By automating the filing of entry summaries and import declarations, SAP ensures that the organization maintains a high level of accuracy in its financial records related to landed costs, directly impacting the gross margin and overall profitability of international operations.
NEW QUESTION # 49
Which reporting tool is integrated with SAP Business Suite for financial analysis?
A. SAP Business One
B. SAP Crystal Reports
C. SAP HR Analytics
D. SAP Asset Management
Answer: B
NEW QUESTION # 50
What are key functions of SAP Financial Closing Cockpit?
A. Automates closing tasks
B. Manages employee benefits
C. Improves audit compliance
D. Generates HR reports
Answer: A,C
NEW QUESTION # 51
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