You can pay vendors manually or by using the automatic payment program.
The standard system contains common payment methods and corresponding forms defined by country.
Overview of the Automatic Payment Program
Payment media are generated in this step. One of the following occurs:
Payment media, such as cheques, are printed
IDocs are generated for the Electronic Data Interchange (EDI)
A data file is created as part of the data medium exchange (DME)
To create the payment media, SAP S/4HANA uses the Payment Medium Workbench (PMW). It is a generic payment medium program for all payment medium formats.
You can skip the payment proposal and execute the payment run directly. In this case, business transactions that balance the open items are posted directly after entering the parameters.
The system performs the following actions during the payment run:
- Posts payment documents
- Clears open items
- Prepares data for printing the payment media