In this lesson, we will learn how to create and manage Bank Master Data and Bank Account Master Data using the SAP Fiori tiles Manage Banks and Manage Bank Accounts. We will also look at different approaches for Bank Relationship Management and explain the terms account type and contract type.
Your manufacturing company is growing and the treasury department has therefore decided to start cooperation with a local German bank. This new business relationship must now be mirrored in the SAP S/4HANA system. To do this, you need to create the data in Bank Account Management. As the new bank will be processing payments, the created bank must also be defined as your company's house bank.
- Central repository for address, risk, and other kinds of general bank data.
- Manage data for banks and house banks in which your company has one or more accounts.
- Manage data for banks that your customer and suppliers use to transact business with your company.
- Associate house banks, contact persons, and business partners with your bank.