Payment Medium Workbench (SAP Library - Payment Medium Workbench)

Payment Medium Workbench

Purpose

The Payment Medium Workbench (PMW) is a tool used to configure and create payment media sent by organizations to their house banks. This generic tool will gradually phase out the classic payment medium programs (RFFO*) due to the range of advantages that it provides.

Superior control and verification of payment procedure
Improved performance with mass payments (> 50,000)
Better sort functions with payment advice notes
Clearer to work with than the myriad previous payment medium programs
Easier to maintain and to extend

Implementation Considerations

Before you can use the Payment Medium Workbench, you have to make various settings in Customizing. You can find the relevant activities in Customizing for Financial Accounting, under Accounts Receivable and Accounts Payable ® Business Transactions ® Outgoing Payments ® Automatic Outgoing Payments ® Payment Media ® Make Settings for Payment Medium Formats from Payment Medium Workbench.

Integration

The Payment Medium Workbench can be used by several components, for example FI-AP/AR, FI-TV, HR-PY, TR-CM, and TR-TM.

Features

The Payment Medium Workbench is embedded in a development environment. You can access all Workbench objects, (program objects, dictionary objects, and mapping tool objects) with a double-click. The Payment Medium Workbench encompasses the following areas:

Customizing for payment media

Defining Payment Medium Formats

Adjusting payment medium formats

Adjusting the Note to Payee

Assigning payment medium format and note to payee

Creating, Assigning, and Transporting Selection Variants

Creating Payment Media

Creating payment media without documents in file form

Output of the created data media into DME administration

DME administration supports both files stored in the TemSe or the file system, and payment messages like Internet payments (OFX) or IDoc.

Creation of payment advice notes
Output of the created payment advice notes as letter, fax, or IDoc
Creation of an output log (an error log too, if necessary) for each program run of the payment medium program

Constraints

At the present time, not all formats that can be created using the classic payment medium programs (RFFO*) are supported. You can display a complete list of available payment medium formats in format definition, or by using input help (in configuration of payment methods in the country, for example).