Capturing Bank Master Data in Bank Account Management

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.

Key features of the Manage Bank Accounts app include:

• General Data - enables you to check the common account properties, such as the bank account number, account holder, IBAN, bank control key, as well as customer-defined attributes.
• Bank Relationship Data - enables you to maintain bank-related information, such as internal and bank contact persons, and bank statement data.
• House Bank Account Connectivity - enables you to configure the integration from a bank account to the corresponding house bank accounts or other account records, in either the central system or other remote systems.
• Overdraft Limits - enable you to manage the overdraft limits of a bank account.
• Multilingual descriptions - allow you to define account descriptions in different languages.
• File or hyperlink attachments - can be attached as reference documents.

When you create a new house bank, you assign the bank country and bank key of an existing bank master record. Through this assignment, the house bank automatically copies the relevant information, control, and address data from the original bank master record. House bank data includes bank master data, information for electronic payment transactions, Electronic Data Interchange (EDI) partner profiles, and Data Medium Exchange (DME) details.

In addition, the automatic payment program uses the house bank ID to determine which bank to use for payments.

Bank Relationship Management