Pearl's SAP Bank Connections Solutions
At Pearl, we’re here to make your financial operations smoother and more secure with our SAP-integrated Bank Connections solution. Our solution creates a seamless, user-friendly environment, which makes it easier to track payments, improve transparency and simplify the way you manage accounts payable.
By automating bank statement imports, we help you improve the reconciliation process, which ensures both safety and efficiency every step of the way. With Pearl’s Bank Connections, your business benefits from effortless, secure communication with banks—fully integrated with your existing SAP systems for a stress-free experience.
Solution Components
Pearl’s Bank Connections is built on the trusted foundation of standard SAP with powerful add-ons to offer a complete payment solution. By combining SAP’s Payment Proposal and Payment Medium Workbench, our solution manages the entire payment process, from your company to the bank.
When it comes to importing bank statements, we use SAP’s Electronic Bank Statement alongside our advanced algorithms for automatic clearing, ensuring smooth, efficient posting. With the Bank Connections Dashboard, you get a comprehensive, real-time view of all your communications with banks. This gives you a total overview of all communications with the bank and keeps you in control every step of the way.
Seamless Process Flow
Bank Connections is a process-driven solution within SAP ERP/S4HANA, designed to manage communications between your company and the bank.
Features and Benefits
Bank Connections supports all business processes related to payments, including both debit and credit transactions, as well as
bank statements. It also serves as a platform for various communications with banks through web services and file transfers.
Key features include:
- User-friendly interface
- Automatic posting and clearing of vendor and customer accounts
- Payment receipts sent via email
- Enhanced visibility through the Dashboard.
The Standard SAP payment program efficiently gathers all claims by their due date, creates payment proposals and prepares batches for electronic submission to the bank. Once the batch is processed, payments are automatically posted in SAP. After posting, all vendors receive automatic payment notices via email. This process contributes to improved procedures and simple monitoring of outgoing payments of the company.
Pearl’s Bank Connections simplifies your financial operations by electronically importing bank statements into SAP and posting them with standard methods. All statements are securely stored and easily accessible through our user-friendly Dashboard, which gives you a clear overview of cleared items and those needing manual attention.
Standard SAP authorization technology, combined with Bank Connections authorization objects, ensures both security and flexibility. Roles help support proper procedures and maintain segregation of duties among employees. Bank Connections includes a user-friendly tool for managing users and passwords for external bank connections. Full traceability is guaranteed through standard SAP logging, along with additional BT history records.
Bank Connections serves as a platform for payment and bank transactions from both SAP and non-SAP ERPs. It easily accesses SAP master data to ensure accurate information is used. Additionally, both the Bank Connections Dashboard and payment channels can be customized to meet each company’s specific needs.
These solutions simplify your payment processes, improve communication with banks, and ensure security. Contact us to know more about how Pearl's Bank Connections can improve your financial operations and make your workflows the most efficient!
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