Integrating Payment Advices for Buyers and Suppliers (2MB)
Objectives
After completing this lesson, you will be able to:
After completing this lesson, you will be able to:
Describe the integration of payment advice with buyers and suppliers
Integration of Payment Advice with Buyers and Suppliers Overview
Electronic Payment Advice Integration Overview
For organizations whose suppliers or buyers use traditional data exchange protocols like electronic data interchange (EDI), this scope item provides robust application programming interfaces (APIs) to simplify and automate exchanging procurement documents.
The following documents are supported via the Simple Object Access Protocol (SOAP) messaging protocol:
You can also benefit from intercompany integration by enabling this scope item.
Electronic Payment Advice Integration Process
Using this scope item you will benefit from a higher degree of automation in exchanging financial documents as the Payment Advice Notification with suppliers. Also you are about to save time by reducing manual communication efforts with suppliers.
Furthermore you save costs for paper, postage, mailing, records management and enable higher degrees of scalability with process efficiency gains.
Integration of Payment Advice with Buyers and Suppliers Operation
Integration of Payment Advice Process Steps
The Integration of Payment Advice for Buyer and Supplier is started from the app Create Supplier Invoice. A supplier invoice is posted to the accounts which acts as the basis for the further processing in terms of the payment advice data.
From the app Manage Automatic Payments a payment run is started to pick up the open item of the vendor.
This process is also generating the payment advice message that is to be send out to the receiver. In order to do so you need to perform some basic configuration activities to set up the connection between buyer and supplier using EDI.
Refer to the setup instructions in the SAP Best Practice Explorer for the item 2MB - Integration of Payment Advice with Buyers and Suppliers for more information on these activites.
Once everything is properly setup in the output parameters the SAP S/4HANA Cloud system is able to generate the electronic payment advice data. This can be checked the app Manage Automatic Payments in the output items.
Monitoring of Outgoing Payment Advices
You can use the SAP Application Interface Framework to monitor XML messages and perform related troubleshooting activities using the Message Dashboard on SAP Fiori launchpad.
