SAP Bank Communication Management

Hello SAP Finance Community, Introduction: – Electronic Bank Reconciliation is the most broadly used feature in SAP Finance. Bank reconciliation in sap are carried out through MT940 format. It is not necessary that all the transactions... Read More »

Introduction: Sensitive Data Fields provide a dual control function in SAP to provide more security when changes are made in Business Partner Master Data records. After activating the Sensitive Data Fields functionality, changes done by one user and... Read More »

Hi Sapers, The contents shared here are just for knowledge sharing. The details probably could help in some cases but not in all depending on varying requirements and this is based on my personal experience. Situation Handling focuses on business... Read More »

The Payment Medium Workbench (PMW) is a tool used to configure and create payment media sent by organizations to their house banks.  These payment files, popularly called DME files, are replacing traditional SAP programs for generating electronic... Read More »

Introduction:- Account modifier is important functionality given by SAP for EBS. It helps to map different GLs for the single external business transaction and posting rule. In this scenario, NCMI is the BTC(GBO Code) for incoming receipt. Client... Read More »

Assumption: Reader has basic knowledge on Accounts payables and is aware of FBZP set up in the system.  Overview: BCM stands for Bank Communication Management, which is a component under FSCM (Financial Supply Chain Management). BCM is responsible... Read More »

This document is an overview and detailed guide on implementing ISO 20022 XML PAIN.002 payment status reports or payment acknowledgement files. This document covers baseline configuration steps and prerequisites for payment status reports. Payment... Read More »

In recent months we have received several requests for support with setting up reason codes for communication with external entities, such as banks. We realize that this is still an issue for our customers. So, we decided why not describe the... Read More »

Seamless Payments of the Future Finance leaders are constantly challenged in running enterprise-wide payment processes. They need to increase overall transparency, reduce the risk of fraud, and increase operational efficiency. Multiple payment... Read More »

This blog post provides information on the differences between the basic scope for Cash and Liquidity Management and the full scope for SAP S/4HANA Finance for cash management, in terms of functionality and availability of Fiori apps. The content of... Read More »