An Overview of Global PayEX B2B Payments Offerings for SAP Finance Teams

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  1. SAP and Visa Collaborate to Digitize B2B Payments for Asia-Pacific Enterprises

    SAP and Visa have formed a strategic partnership to simplify and expedite business-to-business (B2B) payments in the Asia-Pacific region. The collaboration aims to integrate payments into the SAP environment through the SAP Business Technology Platform (SAP BTP) to accelerate the digitization of B2B payments in supply chains. The joint venture will introduce a user-friendly B2B…

  2. An Overview of Global PayEX B2B Payments Offerings for SAP Finance Teams

    Reading time: 3 mins

    Many organizations struggle with B2B payments issues like invoice processing inefficiencies and reduced sales productivity, inefficient reconciliation processes, and payment delays due to limited visibility. To help address some of these problems, Global PayEX, a Software-as-a-Service (SaaS) company, offers a platform that emphasizes the facilitation of collaboration between buyers and sellers. Collaboration relies on associations…

  3. Serrala Unveils Automated Embedded B2B Payments Solution

    Financial automation leader Serrala recently announced a new partnership with Monex USA that aims to simply B2B payments for their customers. The companies announced that they will jointly provide the first fully automated SAP embedded B2B payments solution. In this article, we will examine some of the benefits that organizations can expect from the partnership.…

  4. The New World of Digital Payments

    When it comes to payments, especially in the business-to-business (B2B) space, cash is no longer king. In fact, since the onset of the COVID-19 pandemic, 57% of small and midsize enterprises (SMEs) are increasingly opting for digital services for their B2B payments. Whether it’s due to consumers demonstrating a drastic reduction in traveling to buy…

  5. Uses of the Treasury Payment Program

    Learn about the different types of payments that can be made through SAP’s Treasury payment program. Key Concept Treasury departments execute various types of payments, such as bank account transfers, trade-related payments, and one-off payments. These types of payments can be made by a treasury department using SAP’s Treasury payment program (formally named the Payment...…

  6. SAP Bank Communication Management: What You Need to Know

    Learn the key advantages of using the SAP Bank Communication Management module. Discover how SAP Bank Communication Management increases the efficiency and automation of payment processing within organizations. Key Concept SAP Bank Communication Management is a relatively new module of SAP’s Financial Supply Chain Management component. SAP Bank Communication Management can be used to efficiently...…

  7. SAP and VISA Announce B2B Payment Collaboration for Asia-Pacific Region

    Recently, SAP made a major announcement regarding a new partnership with global payments leader Visa. The two organizations worked together to embed payments into the SAP ecosystem through SAP Business Technology Platform (SAP BTP) for customers in the Asia Pacific region. This marks the collaboration between Visa and SAP in exploring embedded finance in the…

  8. Ready Your SAP System for the New Payment Methods within the Single Euro Payments Area

    By 2014 the Single Euro Payments Area (SEPA) is likely to become mandatory for all companies doing business in Europe. One of the most significant impacts is expected to be the decommissioning of domestic payment formats. Become familiar with the two new SEPA direct debit (SDD) payment methods being introduced with SEPA. Get detailed insight...…

  9. Mitigate Foreign Trade Payment Compliance Risk Using the Cockpit for Documentary Payments

    Learn how the Cockpit for Documentary Payments can be used to facilitate international customers’ payment compliance, thereby reducing the risk of doing foreign trade. Follow steps to implement the Documentary Payments component in SAP sales and distribution (SD). Key Concept The Cockpit for Documentary Payments provides automated financial documents to facilitate payment guarantee procedures required...…

  10. How to Create XML Payments in an SAP System

    Learn about the International Organization for Standardization (ISO) XML payment messages and how to create them using an SAP system. Learn the configuration steps required to create ISO XML payment messages. Key Concept International Organization for Standardization (ISO) 20022 is a single standardization approach to be used by all financial standards initiatives and is a standard for electronic...…