SAP Bank Communication Management helps in implementing various level of approval workflows for payments made from an organization before processing that payment with the bank. An example can be a workflow approval made by a payment manager for a payment that is due to a supplier. Once the manager approves this outflow of cash, the AP person can initiate this transaction with the bank
With the decrease in supply chain movements, every industry is heading down the revenue path for the year 2020. This COVID-19 has caused a huge impact on production, logistics and delivery of goods in the far-reaching ends of every company. This situation calls for a cloud-based digitization to take account and keep track of the SCM related activities. Post this pandemic, the world will require a digitalised channel to help in faster decision-making – which is possible only with accurate analytical data.
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