Vendor payments
The process of vendor payments is one of the last steps in the purchase-to-pay cycle. In short, a company purchases goods or services from a supplier and creates a purchase order. Once the goods or services are delivered, the company receives an invoice from the supplier. If the goods or services match the purchase order, then the invoice data is put into the payment system.
Payment system
Because all business payments take place in a business payment system, the functionalities of the system and the process surrounding it are important. Payment processes quickly become complex and expensive. In small businesses, usually the owner and/or bookkeeper manage the payment process, in medium-sized businesses usually a small group of employees. Larger companies, which often operate internationally, usually have their own payment department (accounts payable department).
Centralisation of payments
Centralising and automating the payment process has a number of advantages for companies: control over cash flows and payments is an obvious advantage. Sometimes, in the case of multiple company branches, it is desirable to manage payments and supplier relations locally. With PaymentConnector SAP, it is possible to centralise corporate payment processes, while keeping certain aspects of the payment process decentralised.
Optimal control for vendor payments
PaymentConnector SAP thus forms a central hub for payments. This standardisation makes processes more efficient and reduces costs. This also ensures better service, more control and optimal risk limitation. Furthermore, the standardisation of the interface simplifies the interaction between SAP and bank systems.
SAP ECC and SAP S/4HANA
PaymentConnector SAP is available for SAP ECC and SAP S/4HANA and is realized with standard SAP components.
Efficient, inexpensive and minimal effort for you, the customer
PaymentConnector SAP is a best-practice template and quickly available and very easy to implement. The installation takes place remotely. We put almost no strain on your employees. The implementation takes 2 days.
