SAP Payment Processing
What is SAP Payment Processing?
SAP Payment Processing is a critical component of SAP ERP that allows organizations to manage and process payments efficiently. For SAP customers, SAP Payment Processing provides a secure, centralized, and automated solution for businesses to process and manage payments. It enables businesses to process payments quickly and accurately while meeting compliance requirements. SAP Payment Processing is a scalable solution that can meet the needs of companies of all sizes.
What is SAP Payment Processing?
SAP Payment Processing is a critical component of SAP ERP that allows organizations to manage and process payments efficiently. For SAP customers, SAP Payment Processing provides a secure, centralized, and automated solution for businesses to process and manage payments. It enables businesses to process payments quickly and accurately while meeting compliance requirements. SAP Payment Processing is a scalable solution that can meet the needs of companies of all sizes.
Key capabilities of SAP Payment Processing include:
- Ability to create and manage payments quickly and easily
- Automated payment processing, including invoice validation and authorization
- Comprehensive reporting features that provide insights into payments activity
- Integration with existing financial systems and processes
Key Considerations for SAPinsiders
Configure SAP Payment Processing properly to ensure compliant transactions processing. Although the SAP Payment Processing solution can provide significant value and benefits for businesses of all types, it should be configured to meet the business’s specific needs. Ensure all required approvals are in place before payments can be made and the solution is compliant with banking and financial regulations. This paves the way for adopting a shared services model to reduce costs.
Explore opportunities for payments automation to enhance supplier experience. This case study illustrates how an organization like Irvine Company partnered with Serrala to drive the successful automation of supplier payments.
Leverage industry-specific applications and solution extensions to enable robust SAP Payment Processing functionality. This case study, based on an interview with Jason Nyhus, Senior Vice President Global Sales and Alliances at Digital River, illustrates how global organizations with specific needs around e-commerce and cross-border transactions integrate SAP Payment Processing functionality with third-party solutions. For example, Digital River’s solution provides back-office order management automation for e-commerce companies to support payment processing.
11 results
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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… -
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LyondellBasell streamlines global banking and controls inbound and outbound payments
After a merger of Lyondell with Bassel European Group, the company wanted to increase its ability to manage customer credit and apply cash for inbound payments quickly. The company implemented an in-house bank and a global payment factory to centralize control over outbound payments, increase compliance, reduce fraud, and lower banking and payment fees. Learn… -
Explore the Benefit of Using Fiori APP for Incoming Customer Payments in SAP S4/HANA
Using F-28 transaction code to clear several open customer items simultaneously is time consuming because it can only clear 27 unique invoices at once and requires a multi-step process in order to do so. Finance teams can clear open items containing more than 100 invoices in just a few seconds using the SAP Fiori app.… -
Accelerating SAP S/4HANA Transformation with Bolt-on Bank & Payment Adapters- Webinar
SAP S/4HANA plays a pivotal role in the digital transformation initiatives of many companies, but how can you unleash the most value from SAP S/4HANA to meet business needs and make informed decisions with real-time transaction data? In this webinar, experts from Kyriba and Promantus will walk attendees through the key things they need to… -
Inbound And Outbound Payments: Is There A Cure For Cybercrime And Fraud?
Discover how inbound and outbound payments can be compromised by fraud and how process optimization and technology can protect your cash. -
Fraud Monitor For SAP: Making Your Payments Safer
See how you can make your payment transactions more secure by identifying suspicious payments in time and taking appropriate action. -
Introduction To Payment Card Processing In SAP
Learn how to best plan and implement payment card processing in your SAP system. -
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… -
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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…...… -
Mexico Moves Beyond eInvoicing and Is Now Tracking Payments
Mexico continues to push through the most comprehensive electronic invoicing initiatives in the world. The newest addition transitions its invoice tracking for tax payments from registration to collections. In other words, Mexico is now tracking the money. Other countries have adopted similar “recipient acknowledgement” processes, including Brazil with the Manifestação do Destinatário and Chile with…
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