With Bank Account Management, cash managers and bank accountants are able to centralize the management of bank accounts and perform the following tasks:
Maintaining the bank account master data that supports:
Common account properties such as bank account number, IBAN, bank statement data, contact persons, and so on
Payment signatories
Overdraft limits
Connectivity path that enables the integration with house bank accounts or bank accounts in remote SAP or non-SAP systems
File or hyperlink attachments
Customer-defined fields
Managing bank accounts by:
Displaying bank accounts in standard views including the Bank Hierarchy
view and the Account List
view
Defining custom views using bank account groups
Managing cash pools and performing cash concentration
Importing or exporting bank accounts using the tool Import and Export Bank Accounts
Using workflow processes for opening, modifying, closing, and reviewing bank accounts