Bank Integration with SAP Multi-Bank Connectivity (16R)

Bank Integration with SAP Multi-Bank Connectivity (16R)

With SAP Multi-Bank Connectivity (MBC), SAP establishes connections with your banks to automatically send payment instructions, receive status notifications, receive bank statements, and receive lockbox messages. Leveraging the monitoring capabilities, you can supervise the status of all payment instructions and see which bank statements are received and which expected bank statements are still missing. The monitoring is only available in combination with Advanced Cash Management (J78).

Key Process Steps Covered

  • Connect securely with encryption between SAP S/4HANA and SAP Multi-Bank Connectivity and the connected financial institutions/banks
  • Forward payment instructions to banks in local format
  • Receive status notification for payment instructions
  • Receive bank statements in standard formats such as MT940, CAMT.053 and BAI2Receive lockbox messages BAI2

Benefits

  • Connect to banks via direct bank connections, SWIFT, or EBICS in a secure way (E2E-encryption embedded)
  • Route payment instructions automatically to financial institutions/banks
  • Receive bank statements automatically from financial institutions/banks
  • Update payment status (only available in conjunction with Advanced Cash Management)
  • Receive lockbox messages automatically from financial institutions/banks
  • Get SAP-managed service with no custom integration
  • Does not require middleware

Where is Bank Integration with SAP Multi-Bank Connectivity(16R) being used?

This Scope item is used in the following way:

  • As a support function of Treasury Management within Finance Scope Item Group

Process flow of Bank Integration with SAP Multi-Bank Connectivity (16R)

Find below the process flow of the scope item Bank Integration with SAP Multi-Bank Connectivity as it is defined for release s4h-2021.


Download Process Flow of Best Practice scenario Bank Integration with SAP Multi-Bank Connectivity (16R) - S/4HANA OP
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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