Overview of SAP Multi-Bank Connectivity

The critical approaches covered by SAP Multi-Bank Connectivity Integration are as follows:   

• Securely connect with encryption between SAP S/4HANA or SAP ERP (Digital Core), SAP Multi-Bank Connectivity, and the affiliated financial institutions/banks. 
• Forward payment instructions to banks in the local required format 
• Receive status notifications for payment instructions to track every payment 
• Receive bank statements in standard formats namely MT940, CAMT.053 and BAI2Receive lockbox messages BAI2

SAP MBC can be procured as a scope item activation when you use SAP S/4HANA Cloud as your digital core. This scope item is 16R (SAP Multibank Connectivity). The image below shows the process flow of SAP Multi-Bank Connectivity in SAP S/4HANA Cloud. There are two steps in this process. 

1. Bank Integration with Multi-Bank Connectivity (Outgoing Integration) – This creates the payment medium and send the payment instruction to MBC 
2. Bank Integration with Multi-Bank Connectivity (Incoming Integration)- This imports the electronic bank statements to update the cash management 

Integration for SAP Multi-Bank Connectivity solutions can go a long way for your business. 

How to use SAP MBC effectively?

There are a few things to keep in mind when using SAP MBC effectively.
First, ensure you understand how to use the tool and what it can do for you. There are many functions within SAP MBC, and not all of them may apply to your business.

Second, be sure to use the tool frequently and consistently. The more you use SAP MBC, the more familiar you will become with it and the more benefits you will reap.