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Jan 20, 2009 at 09:27 AM

Cash Pooling (Cash Concentration) business process is supported by basic FI

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Hi gurus,

Our customer is planning to apply a financial management strategy that allows the corporate companies make a Multi Bank Cash Concentration.

The main idea of cash pooling product is Zero Balancing where a group of accounts named sub-accounts are brought to a zero balance at the end of the day by transferring all credits to a master account in case of a credit balance or by receiving funds from the master accounts in case of a debit balance

The question is: This business process is supported by basic FI functionality or we need to implement another SAP product.

Any case, what do you recommend me?.

Thanks,

Luis