SWIFT code also know as a Bank Identifier Codes (BIC). It’s a international identification code, consisting of 8 or 11 characters which identifies particular bank or financial institution. These codes are used when transferring money between banks, particularly for international wire transfers.
Additional postings used for internal analysis or management accounting reporting.
SKFs are used as the basis for cost allocation. Statistical key figure can represent square metrage, man-hour, the amount of employees, etc.
It enables analisys and determination of a standard price for materials in the period. Once released, standard cost estimate cannot be changed in the current periond. Standard price is not influenced by any price fluctuations.
An organizational unit in the system, which is responsible for the type of transport, the required materials for shipping. From this place we can phisically ship the item. Examplary Shipping point could can be factory or warehouse.
The Single Euro Payments Area within individuals and businesses can make and receive card and electronic payments in euros, across Europe, simply, cheaply and efficiently, regardless of their location.
Securities are the most complicated financial instrument covered by SAP Treasury solution. Issued by the countries or corporates, securities are an alternative funding source. The SAP System supports handling of many types of securities like: shares, warrants, bonds (zero-, fixed- and variable coupon).
In the sales documents data are set on three levels: the header, item and schedule line. Schedule line level is the most detailed, providing information on the product is available on specific dates . The date on which the system will confirm us by controlling the availability of goods is determined by scheduling forward or backward.
SAP Treasury and Risk Management is an integrated solution which is used for managing financial instruments of an enterprise. The key elements of this solution are:
These tools mechanize and support the enterprise in respect of financial instruments and portfolio management, in connection with complete optimalization and financial risk management.
SAP In-House Cash is used to centrally process the internal and external payments and to reduce transaction costs. SAP In-House Cash allows internal and external centralized payments. Central processing of payments allows you to reduce the number of bank accounts held by the company’s subsidiaries. It also provides savings on cross-border payments costs of as well as on currency spreads. Central processing takes place in dedicated units, serving as In-House banks that offer vast account management options like charges, interest calculation and internal bank statements.
SAP Biller Direct provides web based Customer service portal. Customers may execute online payments, check account information, list outstanding items like Invoices, Credits and Payments or even enter online queries and complaints. It also offers automatic notifications via email or SMS.
The SAP Bank Communication Management module allows monitoring of the payment process from the payment initiation in SAP to the results of bank processing. The standard feature of SAP BCM is to create the various acceptance path for a payment process that is realized in SAP system. In addition, SAP BCM enables to group payments by the different features and predefined criteria – so that the amount of payments and costs associated with their settlement could be as small as possible.
Sales area defines the structure of the company in SD part. Sales area consists of three parts: sales organization, distribution channel and division.