Bank Communication Management SAP

[Former Member]

Hello all!

I just have a short question about the SAP Bank Communication Management. I can't find a clear answer about it's functionalities:

Is the tool able to conduct electronic depository Transfers (especially SEPA)? Or is it just a Tool for the Monitoring?

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German Version:

Ich habe eine kurze Frage zu dem Bank Communication Management von SAP. Leider finde ich auf den einschlägigen Seiten keine eindeutige Übersicht der Funktionalitäten.

Kann ich Überweisungen in Auftrag geben, einen Freigabeprozess durchlaufen lasse und anschließend an die Bank kommunizieren? Sprich normale SEPA-Aufträge durchführen? Oder dient die Lösung eher

Thank you in anticipation

V

[Former Member]

Hello V,

Please check the content of the following link, it will help you in this matter:

Bank Communication Management - Enterprise Services WIKI - SCN Wiki

Thank you and Kind Regards,

Carolina

[Former Member · Accepted solution]

Hello V,

BCM is a module of SAP’s Financial Supply Chain Management component.

it provides a very good features which will be very helpful to large business in bank accounting and Accounts payable area.

At very high level below are features being offered by BCM

Merge payments

Approve payments

Payment status monitor

Bank statement monitor

Display incoming status messages

Reservation for cross-payment run payment media

Status of collector payments

Define alerts

When you implement the SAP Integration Package for SWIFT , you can receive acknowledgement messages or delivery notifications from SWIFT. These status messages can be received, processed, and displayed in the payment status monitor of SAP Bank Communication Management

now, to answer your question

Is the tool able to conduct electronic depository Transfers (especially SEPA)? Or is it just a Tool for the Monitoring?

This BCM module is   comes after FI-AP module in process.  you execute F110  in FI-AP module. here you will generate payment file based on Bank requirement of payment file. i.e.  ( ACH/ wire/ in house / domestic )

after that before this file reaches to Bank, this payment run details will come in BCM , in BCM you can approve / reject payments , add  additional appprovals for specific payments , add digital signature for this payment approval, etc.

then this payment file will reaches to Bank ( if you have swift integration package you do not need any other 3rd party tool / system ) via communication channel setup between your SAP system and Bank system.

with the help of BCM message notification and alert system, you will be able to monitor the status of payments has been received by bank / accepted by bank / rejected by bank etc.. and also you can get reason of rejection etc.

After BCM implementation, you will not need any bank software / 3rd party middle system to monitor the status of payments.

in addition, Bank statement monitor and other features are very much useful.

Hope this information will be helpful

Regards,

jignesh

[Former Member]

Hello V,

can you please  mark if above reply is helpful to you in your question. kindly mark this thread as completed if you got answer for your question.

Regards,

Jignesh