338 results
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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…...… -
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…...… -
Maintain Payment Formats with the Payment Medium Workbench
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…...… -
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…...… -
Create Online Vendor Payments Using Payment Requests
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…...… -
Use Down Payment Chain Functionality to Improve Efficiency of Tracking Contractual Events
Track contractual events that occur in long-term projects with the down payment chain functionality in FI. Walk through the end-to-end configuration of the functionality supported by process steps with an example. Key Concept SAP’s down payment chains functionality groups all the accounting documents that belong to one contract. It also allows you to structure the…...… -
Ready Your SAP System for the New Payment Methods within the Single Euro Payments Area: The Structure of the SEPA Credit Transfer Payment Format
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…...… -
Leverage Bank Account Management for Payment Signatories based Payment Approvals
In today’s global and dynamic business environment, treasury departments are faced with the daunting task of managing and controlling large sets of bank accounts across diverse geographies. Some of the challenges include maintaining optimum bank structure, managing large portfolios of bank accounts and signatories, and maintaining relationships with banks. Applying the right degree of automation… -
Top Tips to Optimize Your Automatic Payment Program
Learn how to better use the Automatic Payment Program (APP) feature in an SAP system for making payments to your vendors. Discover tips to optimize the APP process, such as automating APP, automating email generation from APP, restricting selections, and grouping open items. Key Concept The Automatic Payment Program (APP) is a commonly used SAP…...… -
New Business Function in ECC 6 EHP 4 Streamlines Down Payment Process
SAP ERP Central Component (SAP ECC) 6.0 enhancement package 4 (SAP_APPL 604) includes a new business function, LOG_MMFI_P2P, to facilitate down payment creation and clearing. Learn how to leverage this new cross-application down payment functionality in your organization. Key Concept The vendor down payment functionality, available in SAP systems for a long time, has allowed…...…
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