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FIN Financial Supply Chain Management

SAP Partners with Banks and Customers to Speed Delivery of Corporate-to-Bank Connectivity Support

SAP is incorporating support for the Common Global Implementation (CGI) Initiative for ISO 20022 Corporate-to-Bank transactions. To accomplish this, SAP has run a Community Development Group consisting of Banks and other CGI members who have mapped the CGI transaction templates to SAP internal data fields. Additionally, SAP is in the process of establishing product support for many of these transactions in Business Suite ERP Financials, Bank Communication Management, and the Payment Medium Workbench as appropriate. SAP has released support for the first transaction, and is providing the corresponding mapping to all interested parties as agreed to with the CDG members.

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