Optimizing Payment Processing,
Auto Bank Statement Reconciliation
and GL Posting with Cash Management and Cash Position
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
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Automated payment workflow streamlining routing and approvals
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Intuitive status monitoring providing visibility into the payment lifecycle
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Standard-based interface propriety bank formats
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Enhanced governance and controls across treasury
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Reduce programming and maintenance cost with integrated, standardized interface
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Reduces time needed to reconcile and harmonize all your bank statements
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Automatically post to GL, clear bank clearing, and update bank statement monitor
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Enablement of post processing for non-cleared items
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Automate bank statement transaction reconciliation with SAP GL
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Opportunities for machine learning
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Provide a single point of view for all your daily bank statements globally
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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
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Help reduce bank fees by providing single view into all transactions
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Reduce time spent in entering different bank portals
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Eliminates poor data quality and unrealizable cash visibility
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Ensure correct banking and bank account information in preparation for cash planning and forecasting projects
Value to
SAP Customers
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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
