SAP Payment Processing
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What is SAP Payment Processing?
SAP Payment Processing is a critical component of SAP ERP that allows organizations to manage and process payments efficiently. For SAP customers, SAP Payment Processing provides a secure, centralized, and automated solution for businesses to process and manage payments. It enables businesses to process payments quickly and accurately while meeting compliance requirements. SAP Payment Processing is a scalable solution that can meet the needs of companies of all sizes.
What is SAP Payment Processing?
SAP Payment Processing is a critical component of SAP ERP that allows organizations to manage and process payments efficiently. For SAP customers, SAP Payment Processing provides a secure, centralized, and automated solution for businesses to process and manage payments. It enables businesses to process payments quickly and accurately while meeting compliance requirements. SAP Payment Processing is a scalable solution that can meet the needs of companies of all sizes.
Key capabilities of SAP Payment Processing include:
- Ability to create and manage payments quickly and easily
- Automated payment processing, including invoice validation and authorization
- Comprehensive reporting features that provide insights into payments activity
- Integration with existing financial systems and processes
Key Considerations for SAPinsiders
Configure SAP Payment Processing properly to ensure compliant transactions processing. Although the SAP Payment Processing solution can provide significant value and benefits for businesses of all types, it should be configured to meet the business’s specific needs. Ensure all required approvals are in place before payments can be made and the solution is compliant with banking and financial regulations. This paves the way for adopting a shared services model to reduce costs.
Explore opportunities for payments automation to enhance supplier experience. This case study illustrates how an organization like Irvine Company partnered with Serrala to drive the successful automation of supplier payments.
Leverage industry-specific applications and solution extensions to enable robust SAP Payment Processing functionality. This case study, based on an interview with Jason Nyhus, Senior Vice President Global Sales and Alliances at Digital River, illustrates how global organizations with specific needs around e-commerce and cross-border transactions integrate SAP Payment Processing functionality with third-party solutions. For example, Digital River’s solution provides back-office order management automation for e-commerce companies to support payment processing.
11 results
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Serrala Unveils Automated Embedded B2B Payments Solution
Published: 27/July/2023
Reading time: 2 mins
Financial automation leader Serrala recently announced a new partnership with Monex USA that aims to simply B2B payments for their customers. The companies announced that they will jointly provide the first fully automated SAP embedded B2B payments solution. In this article, we will examine some of the benefits that organizations can expect from the partnership.…
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SAP and VISA Announce B2B Payment Collaboration for Asia-Pacific Region
Published: 10/July/2023
Reading time: 2 mins
Recently, SAP made a major announcement regarding a new partnership with global payments leader Visa. The two organizations worked together to embed payments into the SAP ecosystem through SAP Business Technology Platform (SAP BTP) for customers in the Asia Pacific region. This marks the collaboration between Visa and SAP in exploring embedded finance in the…
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Tipalti Announces Enhanced AI Capabilities
Published: 07/July/2023
Reading time: 2 mins
Recently, global payables leader Tipalti announced a new partnership with OpenAI to further drive productivity and efficiency within its payables automation platform. Tipalti will incorporate the functionality of the GPT-4 platform to allow users to more quickly contextualize data points to improve accuracy and reduce manual coding requirements. The new capabilities from OpenAI can also…
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Leverage Bank Account Management for Payment Signatories based Payment Approvals
Published: 18/March/2021
Reading time: 12 mins
In today’s global and dynamic business environment, treasury departments are faced with the daunting task of managing and controlling large sets of bank accounts across diverse geographies. Some of the challenges include maintaining optimum bank structure, managing large portfolios of bank accounts and signatories, and maintaining relationships with banks. Applying the right degree of automation…
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Explore the Benefit of Using Fiori APP for Incoming Customer Payments in SAP S4/HANA
Published: 28/July/2020
Reading time: 7 mins
Using F-28 transaction code to clear several open customer items simultaneously is time consuming because it can only clear 27 unique invoices at once and requires a multi-step process in order to do so. Finance teams can clear open items containing more than 100 invoices in just a few seconds using the SAP Fiori app.…
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Inbound And Outbound Payments: Is There A Cure For Cybercrime And Fraud?
Published: 01/October/2019
Reading time: 1 min
Discover how inbound and outbound payments can be compromised by fraud and how process optimization and technology can protect your cash.
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Fraud Monitor For SAP: Making Your Payments Safer
Published: 01/October/2019
Reading time: 1 min
See how you can make your payment transactions more secure by identifying suspicious payments in time and taking appropriate action.
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Introduction To Payment Card Processing In SAP
Published: 01/October/2019
Reading time: 1 min
Learn how to best plan and implement payment card processing in your SAP system.
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Leverage the Benefits of Finance Shared Services with Central Payments Functionality
Published: 17/August/2018
Reading time: 10 mins
In my blog titled “Accelerate Your Finance Shared Services Transformation and Centralized Reporting,” I provided a quick overview of the innovations included in SAP S/4HANA 1709. In this blog, I provide a detailed view of the Central Payments functionality introduced with SAP S/4HANA 1709. This functionality is a key enabler for a central execution of…
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Uses of the Treasury Payment Program
Published: 15/September/2017
Reading time: 25 mins
Learn about the different types of payments that can be made through SAP’s Treasury payment program. Key Concept Treasury departments execute various types of payments, such as bank account transfers, trade-related payments, and one-off payments. These types of payments can be made by a treasury department using SAP’s Treasury payment program (formally named the Payment...…
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