Often, relationships with many different banks evolve over time. This can turn bank communication into a complex issue for a company. SAP Bank Communication Management can help: you can group your payments according to company-specific requirements and process them in bundles. You gain transparency and save costs. In combination with the SAP Integration Package for SWIFT you may even be able to do without external bank communication solutions. Moreover, specific multi-level approval processes that can be defined for different users ensure compliance with auditing requirements for your payment transactions. A monitoring functionality is available to monitor the life cycle of a payment. Here, several clerks at the same time can request the status of a payment, receive status messages and ensure a coordinated processing approach. The integration of data from SAP FI and SAP In-House Cash contribute to the centralisation of your bank communication.
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