PERFECTION IN DETAIL. PAYMENT PROCESS MANAGEMENT

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1 PERFECTION IN DETAIL. PAYMENT PROCESS MANAGEMENT

2 MANAGING PAYMENT PROCESSES IN SAP HOW TO OPTIMIZE YOUR PROCESSES, GAIN EFFICIENCY, AND LOWER COSTS In order to decrease operating costs while enhancing process transparency at the same time, treasury departments are increasingly turning to applications that enable them to streamline the communication with multiple banks. Further, by establishing an in-house bank international companies centralize the processing of worldwide payment transactions and increase efficiency in managing their group-wide payments. In today s unpredictable global economy, ensuring corporate liquidity is key to financial health. With the SAP In-House Cash (IHC) application, large enterprises particularly those with global subsidiaries can manage liquidity effectively by centralizing fragmented cash balances and payment processes in a virtual in-house bank. As the SAP In-House Cash module manages accounts centrally, you have a unified view of all payment transactions across your company, along with clear visibility into the liquid funds that are available to each subsidiary. The SAP Communication Management (BCM) provides companies with seamless bank communication with their multiple banks and enables a company to take full advantage of all the benefits of standardized electronic payments such as the SEPA initiative. BCM in combination with the SAP Integration Package for SWIFT enables the seamless integration with the SWIFTNet infrastructure, a secure and reliable infrastructure for companies to communicate simply and efficiently with their multiple banking partners. SymQ helps you reduce the complexity of your payment processes and make them more transparent and efficient. Jochen Stiebe Managing Director SymQ GmbH

3 Account Statements Subsidiaries Partner Partner Local Accounts Central Accounts on Behalf Payment Factory Filter (internal/external) Concentration of payments Local country formats Reduce cross-border transaction costs Reduce exchange rate effects on Behalf Payment Data Payment Data Internal Account Statements Sub 1 Sub 2 Sub 3 In-House Clearing/Netting System Internal Account Statements Internal accounts for subsidiaries Clearing/Netting of internal accounts receivable and accounts payable Account statements for subsidiaries Postings Financial Accounting External Internal Optimize your group-wide payment processes and significantly increase efficiency in bank communication by using state-of-the-art technology SAP In-House Cash Numerous corporate entities, several house banks, countless bank accounts and, last but not least, payments in many different currencies can challenge the efficiency of payment processes. SymQ will help you reduce the complexity of payment processes by increasing transparency and efficiency. We will be happy to support you in implementing or optimizing the SAP In-House Cash module in order to establish a state-of-the-art solution for centralized and effective group-wide (internal) and external payment processes. SAP In-House Cash enables you to set up one or more virtual banks (In-House Cash Centres) and to establish a payment factory. Moreover, we show you how to optimize group-wide payment transactions through implementing netting processes and cash pooling procedures. Due to a reduction of the physical payment transactions, you are enabled to minimize the number of external bank accounts and your bank fees, and to improve the availability date. In supporting you to set up the In-house Cash Centre, SymQ shows you how to manage all your bank accounts and how to perform activities such as interest calculation and debiting of fees. As you can act like a real bank, you are also able to manage overdraft facilities and to process bank statements. It is a matter of course that SAP In- House Cash offers seamless integration in SAP ERP Financial Accounting and SAP Cash Management.

4 SAP Communication Management Regarding external payment transactions, in most companies multiple and technically different banking connectivity prevails. communication can, thus, become an intransparent, inse cure and expensive matter. By implementing the module SAP Communication Management, SymQ helps companies to put such things right: SAP Communication Management enables you to group payments according to your needs and to process them in certain batches. As a result, you gain transparency, achieve greater security and are able to reduce the costs of payment processes. In conjunction with the SAP Integration Package for SWIFT, the SAP Communication Management module, finally, enables you to do the payment processing without any further external bank communication tool. We will also show you how to make your payment approval secure and auditable, and how to establish a monitoring functionality in order to control payments through their whole life cycle. Further, you are enabled to process bank statements in all its particulars. FI-AP FI-AR TRM IHC CM Other Subledgers (e.g., HR, RE) Communication Management monitor groupe reject approve SAP NetWeaver Process Integration PI SWIFTNet Interface SWIFT Service Bureau Adapter

5 SAP s Solution for Streamlining and Communications Improved Cash Transparency Status Monitoring Open Interfaces and Standards Streamlined and Communication Compliance SAP ERP Financials Approval Workflow OUR CONSULTING SERVICES YOUR BUSINESS VALUE SAP Communication Management (BCM) helps reduce complexity, improve control, strengthen compliance, and increase operational efficiencies in payment processing SAP Communication Management stream lines the communication with multiple banks SAP In-House Cash improves operational efficiency by streamlining internal and external payment transactions In addition, SAP Integration Package for SWIFT helps to reduce the complexity and costs of bank communication by enabling the consolidation of multiple communication interfaces Both the number of external bank accounts and cross-border payments can be reduced. Further, physical cash transfers can be reduced by internal netting

6 Your Competent Partner for Treasury Consulting: SymQ SymQ is specialized in analyzing SAP standard applications and functions in the areas of Cash, Liquidity, Treasury and Risk Management with regard to their suitability for use in companies, and in reviewing and implementing them. Our project teams include industry experts and highly qualified SAP specialists. They have comprehensive expertise in their specific fields and with regard to the systems that are available to support you. We would be happy to provide you with an overview of all functions and options in the SAP standard appli- cation that are particularly useful for your Treasury requirements. We are always available for an onsite appointment. Maximize the potential of your existing system environment and fully get to know the SAP functions that other companies have already used to leverage untapped Treasury potentials. Optimize your current Treasury Management with features that may have been dormant for years in your system landscape and that can significantly improve your daily operative processes. SymQ GmbH Oldesloer Straße Hamburg Germany Tel: +49 (0)40 / Fax: +49 (0)40 / info@symq.de SymQ Americas 205 N. Michigan Avenue / Suite 4110 Chicago, Illinois USA Tel. +1 (312) Fax. +1 (312) info@symq-consulting.com Copyright 05/2014 SymQ GmbH. All rights reserved. SAP and R/3 are registered trademarks of SAP AG.