E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -1

Background The Bank Communication for many corporations is a mess because of different interfaces and protocols are involved between data communications. This results in high cost and a lack of cash flow transparency. For Communication between Corporations and bank, SAP provides Bank Communication Management application, which helps companies to streamline payment processes and lower the…

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E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -2

This blog is continuation of E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -1 Background Payment run will generate files in ECC and those files will be picked up by SAP PI. SAP PI will merge incoming files into one and then it will encrypt the file. Later, PI will fetch…

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E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -3

This blog is continuation of E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -1 E-Payment: A Customized Solution other than SAP Integration Package SWIFT – Part -2 Payment run will generate files in ECC and those files will be picked up by SAP PI. SAP PI will merge incoming files into…

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Organizational Structures in Controlling – SAP FI

The integrated R/3 System includes direct connections between the internal accounting, external accounting, and logistics components. This becomes apparent in the relationships between organizational structures. In order to explain these relationships properly, the following overview of organizational structures covers the entire Accounting component and parts of the Logistics component. Organizational Structures in Financial Accounting The chart of accounts is a…

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SAP FSCM – Bill-to-Cash Scenario

Management Summary The bill-to-cash scenario enables your company to display account, billing, and payment information using the Internet. Your business partners can view account balances from the areas of finance and accounting, as well as data from billing systems (for example, from the Sales and Distribution module in SAP R/3). Your customers, therefore, see not only their open items on the Internet, but also any…

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What is SAP Bank Communication Management?

For Communication between Corporations and bank, SAP provides Bank Communication Management application, which helps companies to streamline payment processes and lower the cost of managing multiple communication interfaces. Earlier, Bank Communication for many corporations was a mess because of different interfaces and protocols were involved between data communications. This results in high cost and a lack of cash flow transparency. To reduce the cost and transparency in cash flow between…

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Introduction to SAP FI

SAP Financial Accounting (FI) is an important core module where in live-time, the financial processing transactions are all captured to provide the basis via which data is drawn for external reporting.  This SAP FI Module is integrated with many parallel modules that enable a company to unify processes that may have needed the utilization of many software…

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