Check Design and Payment Process Configuration in SAP Erp Financials Hardcover - 2009

From the publisher

The concept of check design and payment process configuration is fundamental to the day-to-day operation of SAP ERP Financials, particularly within large organizations that have a large number of internal and external payees. "Cutting checks," while a straightforward and mundane process, is nonetheless one of the most important functions carried out by the Finance department, demanding a very low rate of error and significantly high levels of "uptime" and customer satisfaction. Because "cutting checks" now includes a variety of electronic payments in addition to the standard paper checks, careful and proper consideration of the check/payment design and configuration process, as well as optimization of existing processes, is a concern most Finance departments cannot overlook as part of maintaining a suite of SAP ERP Financials best practices.

The book will provide Finance professionals with the data-gathering strategies, configuration steps, best practices, technical guidance, and case studies for smoothly implementing or optimizing the check delivery and payment processes. Specific sections of the book focus on configuration steps for payment configuration in SAP, designing check and electronic payment strategies centred around a comprehensive data-gathering strategy (internal and external stakeholders), and technical considerations for both printed checks and electronic payments.