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BankersAccuity white paper

reveals hidden costs of broken
SAP® payment process
Advises corporate treasury professionals on
optimizing payment processing in SAP systems
via accurate data integration

LONDON, SINGAPORE, SKOKIE, IL – 9 JULY 2012

Accuity, part of BankersAccuity, today released a white paper

to identify the hidden costs associated with breakdowns in the
SAP payment process due to inaccurate data. The white paper
also lays out guidance for corporate treasury professionals to
help them identify the right tools to make the best possible use
of the SAP payment process.

Companies and treasury professionals globally use the SAP

Treasury Management Module to process payments and
analyze bank balances in real-time. SAP software needs to
access bank-related information to set up payments. This data,
such as an institution’s bank code, SWIFT/BIC, bank name
and more, is typically recorded in BNKA, the bank master
table.

“Maintaining this data in the bank master table is complex and

can require a great deal of effort. It is updated manually or
automatically, but in instances when treasury professionals
need to enter larger amounts of data, they must use a separate
upload program,” commented Robert McKay, Managing
Director at Accuity.

The white paper states that throughout the global banking

system, more than 5,000 changes to critical bank information
are made every day.

Companies rarely use one bank; they can therefore be

managing multiple communications, protocols, proprietary
standards and processes at a time. They must also adapt to
new legislation such as the European Payment Council’s SEPA
directives, and banking in countries that require data in a local
language, such as China, requires access to non-Latin
character sets to process payments.

McKay continued, “These complications can generate

unnecessary inefficiencies and costs and result in hundreds of
thousands or millions of dollars to be lost in diminished
funding capacity, costly production delays or lost revenue.
Companies, therefore, need the best payments data to be easily
accessible to them at any given time.”

Hidden costs identified in the white paper include:

Production – Bad routing data causes broken payments

and supply chain delays which impact revenue.

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Receivables – Bad routing data impedes the ability to

collect receivables via direct debit; this can cause
corporations to finance their spending requirements
through debt.

Finance – Bad routing data impacts time-sensitive

securities transactions, such as overnight repo or short-
term commercial paper markets, by causing higher
interest payments, increased transaction costs and/or
liquidity issues.

For more information on how Accuity can ensure payment

messages have complete and up-to-date information and help
reduce payment costs, please visit www.accuity.com/industry-
updates/free-resources/building-better-sap-process/ to
download the full white paper.

About BankersAccuity

Owned by one of the world’s leading business to business

publishers, Reed Business Information and part of Reed
Elsevier, BankersAccuity sets the global standard for payment
efficiency and compliance solutions. It includes Bankers
Almanac and Accuity, premier data services that have been
providing solutions to banks and businesses worldwide for
over 140 years.

About Reed Business Information

Reed Business Information brings leading brands to an

audience of millions of decision makers worldwide through its
multi- platform media of data services, online lead generation
services, community websites, magazines and events.

© Reed Business Information Limited 2019

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