1. HOW DOES IT WORK?

• The project scope, adaptations and authorizations of the payment processes are defined in the

system. 

• With the F110 trigger, the payments proposal list is created according to the adaptations and encodings. 

• Transactions to be approved are prepared via the suggestion lists and the approval process is started. 

• Approval flow takes place on fiori screens and automatic e-mails are sent to the approvers.  

• When the final approval is received, the documents to be sent to the bank are prepared. 

• These documents are securely transmitted to the bank in the SFTP environment. 

• Payments are made by the bank according to the orders received. 

• SAP accounting entries are done automatically when the payments files are received from the banks.  

• Notice of payment is sent to the receiving party as an e-mail. 

2. BENEFITS

• Bank payment lists are prepared quickly in accordance with the controls. 

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• The internal approval process for the payments is initiated and executed automatically, without errors and in full. 

• Possible errors and delays in transferring payment order documents to the bank are reduced. 

• The entire payment process is recorded step by step, reports are easily accessible. 

• It saves time and cost, increases employee efficiency.