Advanced Payment Management

Advanced Payment Management supports the monitoring and approval of payments for both, SAP systems and non-SAP systems. The overall process is seamlessly integrated with cash management. The conversion of various payment formats is supported (for example, converting CSV or TXT files to XML) as well.

Key Process Steps Covered

  • Approve payment batch file
  • Approve payment batch
  • Process payment batch

Benefits

  • Provide a single source of truth for payment approval and monitoring for SAP and non-SAP systems
  • Increase the level of automation along the entire end-to-end process
  • Increase transactional throughput of payments in an environment where payment volumes are significantly increasing
  • Handle formats centrally