
Direct Debit (19M)
In this scope item, you can use the direct debit payment method in the Single Euro Payments Area (SEPA) to collect payments from your customers in Euro and certain non-SEPA countries / regions to collect payments from your customers in your local currency.
For countries in SEPA, a debtor grants mandates to a creditor as part of a direct debit procedure. Using SAP S/4HANA, you create and maintain the SEPA mandates from the customers, which are the legal basis for the direct debit payment in SEPA.
The system checks that a valid SEPA mandate exists during the payment run. For SEPA countries, the system saves the ID of the SEPA mandate in the payment data and creates a SEPA-specific payment medium.
You can print out SEPA mandates on paper and repeat the printing.
Key Process Steps Covered
- Maintain customer master data
- Create and print direct debit mandate for SEPA countries
- Run payment program
- Create payment instructions file
- Send payment instruction file to bank
Benefits
- Reduce workload in accounts receivables
- Ensure payment on time
- Reduce customer credit risk
- Improve cash flow forecasting
Where is Direct Debit(19M) being used?
This Scope item is used in the following way:
- As a support function of Financial Operations within Finance Scope Item Group
No Process Flow details available for scope item Direct Debit(19M)-s4h-2021
Ref: Finance of SAP S4H-2021
Best Practices related to S/4HANA
- Best Practices of SAP S/4HANA On Premise *1
- Best Practices of SAP S/4HANA Cloud *2
- Best Practices of SAP Analytics Cloud *2
- Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2
*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: