07 Mar Electronic Banking
The SAP system has an open architecture and can theoretically support all electronic banking applications.
The following applications are currently available:
- Weekly and periodic supplier payments (wet signature forms, electronic data transfer, automated accounting entries)
- Generation of electronic account statement in MT940 format and capturing the relevant accounting entries
- Integration of cheques and bonds (Electronic data transfer)
- Direct Debit Sytem (DDS) for customer accounts (Electronic data transfer and reception of results data)