Serrala Unveils Automated Embedded B2B Payments Solution

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…...…

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…...…

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…...…

It is highly likely that by 2014 the Single Euro Payments Area (SEPA) will become mandatory for all companies operating in Europe that are sending and receiving Euro payments in the SEPA zone. One of the most significant impacts will be the decommissioning of domestic payment formats. Become familiar with the new payment methods being…...…

This article expands on the topics in the Financials Expert article “SAP Bank Communication Management: What You Need to Know.” It outlines a number of nice-to-have custom developments around payment processing using the SAP standard provided alerts messages. Key Concept SAP Bank Communication Management is a relatively new module of SAP’s Financial Supply Chain Management…...…

Replace your classic RFFO* payment medium programs with the little-known functionalities of the Payment Medium Workbench (PMW) within the SAP Financials module. Understand the relevant configuration, functionality, and different processes of the PMW. Key Concept The Payment Medium Workbench (PMW) and the Data Medium Exchange Engine (DMEE) are software components that allow you to create…...…

Learn how to add key data to the SWIFT (Society for the Worldwide Interbank Telecommunication) MT101 payment file that is not delivered in SAP standard systems using event-based function modules. Discover how dynamic function calls enable you to create country- or bank-specific logic that allows you one MT101 payment file format with an unlimited number…...…

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…...…

Are you ready to reap the benefits of electronic payments? Implementing an Electronic Data Interchange (EDI) interface is sometimes considered a difficult and time-consuming activity. However, with IDocs and this implementation guide, it can be a quick and easy process. Key Concept The Electronic Data Interchange (EDI) interface has become known for providing quick and…...…

In the standard payment transaction F110, outgoing payments are all based on financial documents. By using online payments, you can create payments without any underlying financial document. Instead of a financial document, the basis for the online payment is a payment request. You create the payment requests with transaction FIBLAPOP and the outgoing payment with…...…