Purpose

SAP Bank Communication Management is used for managing multiple bank communication interfaces, enabling you to connect to your bank, track the entire payment life cycle of a transaction, and improve straight-through processing rates and internal compliance. Bank Communication Management is also responsible for the creation and approval of batches, the payment status monitor, and the bank statement monitor.

With Bank Communication Management , t he payments in one or several payment runs can be presented and processed in a payment status monitor. This monitor also serves as a repositry for incoming status messages from SWIFT and from individual banks. The payments in the payment run can be grouped to one or several batches according to your needs. For example, payments can be grouped according to low value and high value payments. Y ou can also use digital signatures to approve, reject, or resubmit payments. See Digital Signature and Release Workflow .

Implementation Considerations

To use the Bank Communication Management functions, make the necessary system settings in the Implementation Guide (IMG) by choosing  Financial Supply Chain Management Bank Communication Management.

Integration

The SAP Bank Communication Management application forms part of the SAP ERP Financials solution. This allows for close integration of payment processing in ERP Financials with the Payment Medium Workbench .

Bank Communication Management can also be used in conjunction with the SAP Integration Package for SWIFT . This provides you with one single interface for bank communication via SWIFTNet.

Features

SAP Bank Communication Management includes the following functions :

You can access the above Bank Communication Management functions on the SAP Easy Access screen under  Accounting Financial Supply Chain Management Bank Communication Management.