Bank Integration with SAP Multi-Bank Connectivity

With SAP Multi-Bank Connectivity (MBC), SAP establishes connections with your banks to automatically send payment instructions, receive status notifications, receive bank statements, and receive lockbox messages. Leveraging the monitoring capabilities, you can supervise the status of all payment instructions and see which bank statements are received and which expected bank statements are still missing. The monitoring is only available in combination with Advanced Cash Management (J78).

Key Process Steps Covered

  • Connect securely with encryption between SAP S/4HANA and SAP Multi-Bank Connectivity and the connected financial institutions/banks
  • Forward payment instructions to banks in local format
  • Receive status notification for payment instructions
  • Receive bank statements in standard formats such as MT940, CAMT.053 and BAI2Receive lockbox messages BAI2

Benefits

  • Connect to banks via direct bank connections, SWIFT, or EBICS in a secure way (E2E-encryption embedded)
  • Route payment instructions automatically to financial institutions/banks
  • Receive bank statements automatically from financial institutions/banks
  • Update payment status (only available in conjunction with Advanced Cash Management)
  • Receive lockbox messages automatically from financial institutions/banks
  • Get SAP-managed service with no custom integration
  • Does not require middleware