The New World of Digital Payments

Why Companies Should Ramp Up Their Electronic Payment Offerings to Meet Customer Expectations for Frictionless Experiences

454 results

  1. 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…...…

  2. 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…...…

  3. Link Invoices and Partial Payments for Clearing

    Partial payments are sometimes difficult to process in an SAP system. Learn how to set editing options to automatically link partial payments to the invoices to which they belong. Key Concept By setting editing options correctly, you can automatically link an original invoice and partial payments. An SAP system can also automatically calculate partially paid…...…

  4. Leverage the Benefits of Finance Shared Services with Central Payments Functionality

    In my blog titled “Accelerate Your Finance Shared Services Transformation and Centralized Reporting,” I provided a quick overview of the innovations included in SAP S/4HANA 1709. In this blog, I provide a detailed view of the Central Payments functionality introduced with SAP S/4HANA 1709. This functionality is a key enabler for a central execution of…

  5. How to Set Up the Fiori Clear Incoming Payments App for Use in a Launchpad

    SAP S/4HANA Finance delivers improved business processes with a new user experience. Transactions that have not been changed in 15 years have received a complete face-lift, and how users access the transactions within their processes has also completely changed. Learn the technical aspects of the Fiori interface implementation based on a classic accounts receivable (FI-AR)…...…

  6. 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…...…

  7. 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…...…

  8. 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…...…

  9. Processing Hourly Payments Based on Union Agreements or Positions

    Learn how to calculate the hourly rate based on union agreements, positions, or premiums with the extra-pay indicator functionality in SAP payroll. See how these various options can be used and customized in SAP payroll to calculate and process the hourly payments of the employees based on client requirements. Key Concept There are three primary…...…

  10. digital payment

    The New World of Digital Payments

    Reading time: 4 mins

    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…