Unlocking Seamless Banking Operations
Bank Integration for SAP Business ByDesign
Our Bank Integration for SAP Business ByDesign offers businesses a powerful solution to streamline payment processes, ensure real-time data exchange, and enhance financial management through secure, automated file transfers.
This high-level integration is designed to connect SAP ERP system with a bank’s system, allowing for the seamless and secure exchange of key financial documents such as payment files, payment acknowledgment files, and bank statements. Built on SAP Integration Suite, this solution ensures accuracy, efficiency, and security.
Key Features
Automated Payment File Processing
Payment files generated in SAP ERP are automatically transferred to the bank using ISO 20022 XML format (pain.001). This eliminates the need for manual intervention, reducing errors and processing time while providing real-time status updates.
Bank Statement Automation
Daily CAMT.053 bank statements from the bank are automatically retrieved, decrypted using PGP encryption, and posted in SAP ERP. This provides up-to-date visibility into cash positions and simplifies bank reconciliation processes.
Real-Time Acknowledgment
Receive payment acknowledgment files (pain.002), including both file-level (L1) and transaction-level (L2) feedback. These acknowledgments help verify the successful transfer and processing of payments, ensuring transparency and accountability in financial operations.
End-to-End Security with PGP Encryption
Security is paramount in financial data exchange. All files are encrypted and signed using PGP encryption, protecting sensitive information during transmission and ensuring compliance with industry standards.
Key Benefits
Improved Efficiency and Reduced Manual Work
Automating key processes such as payment file transfer and bank statement posting eliminates manual tasks, saving time and reducing human errors. Integration still allows users to approve payments in ERP as well as final check in Bank portals. This allows finance teams to focus on more strategic activities
Enhanced Security and Compliance
Leveraging encryption protocols like PGP and secure SFTP connections, the integration guarantees secure file exchange and compliance with global standards such as GDPR and PCI DSS.
Real-Time Financial Visibility
With daily updates from bank statements and real-time acknowledgment files, businesses gain better visibility into their cash flow, liquidity positions, enabling faster and more informed financial decisions.
Scalability and Customisation
The solution can scale with your business and be tailored to meet specific needs, ensuring compatibility with different file formats, bank requirements, and business workflows.
Bank Integration for SAP Business ByDesign
Why Choose this Integration?
Built on SAP Integration Suite
Ensuring a robust, scalable, and future-proof solution
End-to-End Automation
Reducing manual processes and human error.
Secure and Compliant
Utilizing industry-standard encryption and secure file transfer protocols.
Customizable to Your Needs
Adaptable to business-specific requirements and bank preferences.
Error Handling
Streamlined error handling with notifications to responsible users to check and fix the transactions.
Global Adoption
Integration can be deployed across multiple geographical regions, including different banks.