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.
• 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.