Optimizing Payment Processing,

Auto Bank Statement Reconciliation

and GL Posting with Cash

Management and Cash Position

Optimizing Payment Processing Vector

Our Resources

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Treasury
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BRIM
DSE

Optimizing Payment Processing, Auto Bank Statement Reconciliation and GL Posting with Cash Management and Cash Position

Optimizing Payment Processing Vector

Rapid Deployment

The project will be completed in about 9 weeks at a cost of around $200,000

Rapid Deployment

The project will be completed in about 9 weeks at a cost of around $200,000

Offering Summary

End-to-End straight through processing of all Payments via SAP Multi Bank communications (MBC), in-bound payment acknowledgments and electronic bank statements will be automatically reconciled and posted to the general ledger

Value to SAP Customers

  • Automated payment workflow streamlining routing and approvals

  • Intuitive status monitoring providing visibility into the payment lifecycle

  • Standard-based interface propriety bank formats

  • Enhanced governance and controls across treasury

  • Reduce programming and maintenance cost with integrated, standardized interface

  • Reduces time needed to reconcile and harmonize all your bank statements

  • Automatically post to GL, clear bank clearing, and update bank statement monitor

  • Enablement of post processing for non-cleared items

  • Automate bank statement transaction reconciliation with SAP GL

  • Opportunities for machine learning

  • Provide a single point of view for all your daily bank statements globally

  • Establishes real time, and accurate view of your current cash position across all business entities

  • Flexible display of cash activity with drill through capability into transaction

  • Help reduce bank fees by providing single view into all transactions

  • Reduce time spent in entering different bank portals

  • Eliminates poor data quality and unrealizable cash visibility

  • Ensure correct banking and bank account information in preparation for cash planning and forecasting projects

Value to
SAP Customers

  • Automated payment workflow streamlining routing and approvals

  • Intuitive status monitoring providing visibility into the payment lifecycle

  • Standard-based interface propriety bank formats

  • Enhanced governance and controls across treasury

  • Reduce programming and maintenance cost with integrated, standardized interface

  • Reduces time needed to reconcile and harmonize all your bank statements

  • Automatically post to GL, clear bank clearing, and update bank statement monitor

  • Enablement of post processing for non-cleared items

  • Automate bank statement transaction reconciliation with SAP GL

  • Opportunities for machine learning

  • Provide a single point of view for all your daily bank statements globally

  • Establishes real time, and accurate view of your current cash position across all business entities

  • Flexible display of cash activity with drill through capability into transaction

  • Help reduce bank fees by providing single view into all transactions

  • Reduce time spent in entering different bank portals

  • Eliminates poor data quality and unrealizable cash visibility

  • Ensure correct banking and bank account information in preparation for cash planning and forecasting projects

What is included
in the Offering

Automated Integration to 2 to 3 Banks with MBC for AP and Treasury payments

Automated payment workflow and routing for approval and batching via BCM

Automated cash position and flexible view of reporting on Cash Flow activity

Cash Flow Analyzer implementation, prior day and/or current day statements

EBS auto GL posting and reconciliation with SAP GL

Standardized interface propriety bank data formats

Payment Acknowledgements

What is included
in the Offering

Payment Acknowledgements

Standardized interface propriety bank data formats

EBS auto GL posting and reconciliation with SAP GL

Automated payment workflow and routing for approval and batching via BCM

Automated cash position and flexible view of reporting on Cash Flow activity

Cash Flow Analyzer implementation, prior day and/or current day statements

Automated Integration to 2 to 3 Banks with MBC for AP and Treasury payments

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