Bulk Payment System
Elevate Your Business with SAP Expertise.
How It Works
Streamlined Payment Approvals and Secure Bank Transactions
The ESM Bulk Payment System simplifies and accelerates internal payment approval processes, automatically creating accounting postings within the SAP system, and ensures secure data transmission with banks. Payments can be processed using SAP’s F110 program or through manual input with developed screens.
The payment processes, authorizations, and system adaptations are set up within SAP to fit the organization's requirements.
Payments are proposed through F110 based on the system's encodings. The approval process is then managed on Fiori screens, with automatic notifications sent to approvers.
Once approved, payment documents are securely transmitted to the bank via SFTP. Upon receipt, the bank processes the payments, and SAP automatically generates accounting entries.
Key Benefits
Efficient, Secure, and Automated Payment Processing
Bank payment lists are created quickly and accurately, ensuring timely execution.
Internal payment approval processes are fully automated, reducing the risk of errors and delays.
Every step of the payment process is recorded, and comprehensive reports are easily accessible, saving time and increasing efficiency.