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Overview, Integration Touch points with Fiori DemoSAP Multi Bank
Overview, Integration Touch points with Fiori DemoSAP Multi Bank
This technical blog speaks about the payment cockpit functionality in BCM Payment Cockpit, which enables the Payment Medium File generation and helps in documentation history maintenance with the workflows.
We will now look at the technicality of the message instruction used by the payment cockpit topics such as SAP BCM, Banking, and treasury automation, Payment Centralization, SAP FSN Connector, Corporate connectivity, and treasury management.
The message delivered to the bank has a three-level structure maintained when the Automatic Payment Transaction program generates it (T-code F110) and converts it to an ISO20022-based XML message. The three levels are:
The SAP BCM payment cockpit will help maintain the credit records and direct-debit instructions sent to the bank. It also the process status of those records.
Payment cockpit in SAP BCM payment Integration services helps track and retrace the detailed status-change history and a process log for every payment made via direct debit or payment instruction.
The payment cockpit consists of the following statuses to track the payments through SAP BCM payment Integration in the UK.
The report created to post the payment run program and approvals will aid in the documentation of the workflow’s history. A detailed step-by-step response for the payment medium acknowledgement and the sequence of the messages sent by the bank is given below in the diagram.
The below table lists statuses that the bank can send, their corresponding SAP statuses, and their descriptions related to SAP BCM Payment Integration.
There is a re-send instruction option for which there was no acknowledgement received from the bank, thus enabling the re-sending of the payment medium file to the bank (here, the instruction status is Payment Medium Created).
For a payment group, the report generated by this program offers a drill-down capability to view payment information IDs (PmtInf) and individual instruction details (CdtTrfInf for credit and Dbr\tTrfInf for debits). In addition, the report also links the related payment documents for each instruction issued by you to the SAP BCM payment Implementation services in USA.
Data that can be displayed on the report after the successful creation of the Payment Medium File
The search options used for viewing the documentation history of workflow can be done via the following selection fields
With options such as viewing the documentation history of workflow, you can get the required information with the BCM Payment cockpit. First, however, you must follow simple steps to make the most out of the payment cockpit to maintain the bank records with the help of SAP BCM Payment Integration services in the UK.
Be it Automated payments or a Multicash payment factory, iQuantM, an SAP BCM payment Implementation partner in USA, can explain more about everything related to the Financial services network.
Conclusion
Connect with iQuantM, an SAP BCM payment Implementation partner in the UK, to learn more about ERP Bank Connectivity and Bank integration.
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