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Copia Products - Banking -- SAP Tools

We have built and integrated following SAP plug & Play Tools for automation and productivity improvements

  • SAP Vendor Payments
  • Below are the features and functionality which comes in the standard offering of CRCRM

    SAP Vendor Payment Adapter

    Data Extraction

    This is an add on tool written in ABAP. Once imported, this connects with Std SAP tables and accounts payable process to extract vendor payment files and generate it in bank required formats.

    Automatic Vendor Payments

    All vendor payments with automatic process are extracted and added in the file. If payment has failed, then its extracted again whereas if payment is extracted it's not extracted again and it has interlock to avoid duplicate payments.

    Manual Payments

    All manual payment transactions booked in SAP are extracted separately and put in a file for processing the payments.

    Bank to Bank Transfer

    All GL to GL transfers or within company to company are extracted separately as a part of manual payments and put in the file for payments.

    Foreign Currency payments

    Any foreign remittances or non INR payments are extracted separately and processed as per bank process.

    Payroll Processing

    If a payroll is part of SAP, then all payroll payments are extracted and sent to bank for payment disbursements.

    Dashboards

    SAP dashboard provides all details of payments extracted and processed. It provides details of each of the steps so user knows if payment is processed or not and if it has failed then what stage payment is failed.

    SAP ARR -- Accounts Receivable & Reconciliation

    ARR Tool Overview

    ARR Tool is built in ABAP and PI/PO and is compatible with S4/Hana as well as ECC. This tool has multiple steps and interfaces which sends receivable report to bank and also reconciles every customer payment receipts.

    ARR Report

    On daily basis, SAP sends current receivable extract from SAP to the bank. This is extracted automatically in SAP and sent to PI via Proxy avoiding any errors in between.

    Customer Payments

    Customers will make payments to bank accounts in virtual bank accounts. That way Bank knows payment receipts from each customer in the designated accounts. It collects the payments and sends periodically to the ARR system.

    Collection Postings

    ARR tool picks up received payments from bank location and sends to SAP via PI interface. Then in SAP, collection entries are posted against each customer accounts.

    Customer invoiceClearing

    At the end of the day, bank sends the daily collection report and based on that ARR tool posts the invoice clearing in SAP. Each invoice posting is done in required accounts accounting for GST & TDS deductions as well.

    Auto Emailers

    Auto emails keep all stakeholders in loop for each of the process steps such as payment received, failed and invoice posted or failed. Emails are setup to send from SAP system providing all details of the transactions as attachments.

    Reports & Dashboards

    SAP reports show all collections and its related invoice postings. Also, provides functionality to reprocess failed transactions in customer payments and invoice clearing.

    SAP Customer Payments Automation

    Customer Payment Receipts

    Customers make payments in the bank account and these payments need to be posted in ERP- SAP on regular basis. Automation of this process helps treasury to manage funds in a timely manner and improves productivity of the process.

    Collection Postings

    All the payments received in the bank are picked up in a file and that file is processed in SAP. This posts all collection entries in SAP and keeps the ERP updated.

    MT940 & MT942 Interface

    End of the day, bank sends the MT 940 & 942 files. These files are picked up from bank system and processed in SAP. By posting these files automatically in SAP, all collection entries are also reconciled automatically.

    Reports Dashboard

    Error reports, functionality to process error transactions, and overall transaction register dashboard gives complete traceability to the process and maintains high productivity by avoiding manual transaction dependency.