Over the past few years, as the business environment became more complex and volatile, finance teams have sought to establish more secured, automated and seamlessly integrated payment processes.
The newly released Digital Banking Package available both for RISE with SAP and GROW with SAP customers, offers a fully integrated payment process. It is designed to provide out-of-the-box connectivity and integration to banks and payment service providers to SAP S/4HANA Cloud. This package optimizes connectivity for scalability and flexibility, meeting the highest security standards. Bank Connectivity is vital for treasury processes to work in a ”straight-through hands-free” fashion. Most companies deal with more than one financial service institution and would like to connect to their banks in a simple and cost-effective manner.
As part of the Digital Banking Package, corporates get a direct connection with financial services institutions. The solution provides you with a multi-bank, digital channel between your ERP systems and your banks, offering also optionally embedded SWIFT connectivity. It allows you to integrate payment and statement processes with SAP S/4HANA Cloud, so your finance teams can get an end-to-end visibility across your entire payment value chain. The onboarding to the solution is very quick and is delivered through a secured cloud, owned and managed by SAP, compartmentalized for each customer and their network of banks.
The second component of the Digital Banking Package addresses the needs of customers who utilize digital payment methods such as credit cards to run their payments in an automated way. The solution offers a cloud service that processes incoming credit card- and other real-time payment methods in a secure and efficient way, significantly reducing cash reconciliation efforts.
You benefit from a central platform that connects to various Payment Service Provider with only one interface to SAP S/4HANA Cloud. Optimizing IT cost and providing not just flexibility in the choice of Payment Service Providers but also out-of-the-box payment automation from sales to cash reconciliation. The solution is fully compliant with the Payment Card Industry Data Security Standard (PCI DSS).
If you are a RISE with SAP or a GROW with SAP customer, you can benefit from this cost attractive package to ensure that your cloud ERP is seamlessly connected to any financial service provider in a quick and easy way.
To learn more information on each component of the digital banking package, please check: SAP Multi-Bank Connectivity and to Quick-start service for SAP digital payments add-on
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