This is a technical blog to speak about the payment cockpit functionality in BCM which enables the Payment Medium File generation and helps in documentation history maintenance with the workflows

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.

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.