KDD on Implementing Bank to Bank Fund Transfer

KDD on Implementing Bank to Bank Fund Transfer

1. KDD on Implementing Bank to Bank Fund Transfer Enhancement Title Implementing Bank to Bank Fund Transfer Enhancement Description Bank Interfacing set up to be made Category SAP Functionality _ New Business Process Process Receipts User Story IDs (details on next slide) Systems Contributing to this Enhancement New S4Hana 1909 System Business Justification (Rationale) Business Benefit Impact Advantages of Implementing Bank to Bank fund transfer: No manual intervention and paper work. No more communications Bank for fund transfers. Generate payment documents in real-time and auto updates to bank account. Minimal to no backlog entry for reconciling accounts. The Fund transfer solution from SAP updates receiving bank accounts instantly without manual intervention. Standard approval workflow process compatible (even before funds gets processed). As payment entries directly flow into bank account – No more manual JE’s. Auto bank reconciliation and further processing possible. Payment entries can be generated while processing fund transfer automatically. Funds transfer in real time without any time lag. RICEFW# Workstream R2R-AR KDD Contact JIRA ID Complexity Critical Workstream Lead SAP Service Contact Impact of Not Developing Enhancement Manual fund transfer is a tedious, time consuming activity. Time lag between payment requests to bank and actual transfer of payments. SAP Product Roadmap Details

2. User Story ID Name Description Approver L2 Process L3 Process   KDD on Funds Transfer Cont ….