Maintaining Signatories in the Manage Bank Accounts and Manage Power of Attorney for Banking Transactions Fiori apps

Objectives

After completing this lesson, you will be able to:

  • Edit a signatory in the Manage Bank Accounts Fiori app
  • Edit a signatory in the Manager Powers of Attorney for Banking Transactions Fiori app

Signatories in the Manage Bank Accounts Fiori app

What is the Manage Bank Accounts Fiori app

As discussed in the previous unit, the Manage Bank Accounts Fiori app is a tool within the SAP S/4HANA system, primarily designed to streamline and digitalize the management of bank account data.

The app enables users to:

  • Create and maintain banks and their associated accounts.
  • View, edit, display, and monitorbank account information.
  • Track changes made to the bank accounts.

This solution provides transparency, security, and efficiency for managing bank details in a company.

How do you Edit a Signatory Setting in the Manage Bank Accounts app

The Manage Bank Accounts Fiori app allows you to edit signatories in the system.

After selecting specific criteria such as company code, account number, and bank key, choose the bank account where you want to edit a signatory setting. Then, select Go.

Select the relevant account to edit a signatory setting and go to its details on the right side. From there, navigate to the Payment Approvers tab, and choose Edit.

Select the payment approver group and enter the payment approver. Eventually, you have to enter multiple approver groups (Group1 and Group2 for example), as the payment approval has been set up as a sequence of a 2-step approval (for example 4-eyes principle).

Check the following settings if applicable:

  • Unlimited amount
  • Maximum amount for payment
  • Maximum amount for batch
  • Valid From
  • Valid To

Finally, save the changes.

Signatories in the Manage Powers of Attorney for Banking Transactions Fiori app

What Is the Manage Powers of Attorney for Bank Transactions Fiori app?

As mentioned in the previous unit, the Manage Powers of Attorney for Banking Transactions app lets users delegate account access levels and manage clients' banking transactions efficiently. This includes granting one party access to another company’s account.

The app securely stores documents, allows for easy document management, and provides a detailed view of banking transactions - ensuring efficient management of delegated banking actions.

How do you Edit a Signatory Setting in the Manage Powers of Attorney for Bank Transactions Fiori app?

The Manage Powers of Attorney for Banking Transactions Fiori app allows you to edit signatories in the system.

Select the Manage Powers of Attorney for Banking Transactions app.

Choose the Power of Attorney

Then, navigate to the Authorized Representative tab. Add a new representative by selecting a partner and saving the changes.

To approve payments, select the attribute "SPAY" and save. Update or delete activities by making changes and clicking save.

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