Source-to-Pay Archives

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...…
Troubleshooting Payroll Problems

Payroll implementations often face challenges with operational and other run-time issues. Payroll users chase paycheck deadlines on a weekly basis while trying to avoid errors. Learn how to analyze and solve these issues while developing a maintenance strategy. Key Concept When payroll cycles are managed within SAP ERP HCM, preventive maintenance or pre-payroll controls are...…
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...…
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...…
Learn All About SAP SuccessFactors Employee Central Payroll: Integrations, Technology, and Implementations

Gain an overview of the benefits—and any potential drawbacks—of making the transition from SAP and non-SAP payroll platforms to SAP SuccessFactors Employee Central Payroll. Key Concept In addition to using SAP SuccessFactors Employee Central as their core HR platform, companies are now faced with the decision of whether to switch to Employee Central Payroll as...…
Part 2: Outsourcing Payroll in an SAP Environment — Implementation and Operational Challenges

To outsource your payroll successfully, you must evaluate operational and implementation processes. Understanding these areas prepares you to overcome challenges that may arise. Key Concept You can effectively manage the required inbound and outbound interfaces for outsourced payroll environments if you establish a standardized payroll environment. The success of your outsourced payroll environment largely depends...…
- SAP Contract Management
Accelerating Source-to-Pay Value with CLM-Driven Agreement Transformation

Reading time: 2 mins

As procurement teams face the challenge of enhancing strategic business value through effective contract lifecycle management (CLM) despite ongoing issues with inefficient document management, solutions like Docusign aim to streamline source-to-pay processes by automating workflows and integrating with third-party applications, ultimately improving contract visibility and reducing risks.
Automate and Streamline Your SAP Payroll Process

The payroll process comprises multiple steps involving configuration and integration. How can you get the most ROI from your SAP solutions? How can you make processes less manual? What SAP ERP functionality is available to you that you have not yet utilized, such as Payroll Control Center? HR 2017 speaker Mike Timm answered reader questions...…