SAP Multibank Connectivity is a SaaS product that helps establish connection between the various banks and organizations that make payments to them. The payments are tracked automatically with their transfer status to provide notification on its success. It helps connect the financial institutions with the corporate through secure network with the support of SWIFT.
Let us face it! All Companies running on SAP ECC are aware that they will have to convert to SAP S/4HANA eventually. We at iQuantM, recommend you convert to SAP S/4HANA Immediately and here is why
SAP BCM allows us to automate the bank payment process by generating batch files that can be automated for workflow approvals. Approvals can be carried out for every batch of payment file through various levels – which is then alerted on the corresponding approver’s notification.
Importance of reconciling Asset Accounting sub-ledger with General Ledger before conversion.