Source: Accuity
Accuity, a leading provider of payment routing data, AML screening software and services today added the Bank Master Update Program to its comprehensive line of global Payment Solutions, enhancing its role as a single source for critical payments data.
The Bank Master Update Program enables SAP users to easily access Accuity's global bank database. Using this new program, Accuity's Global Payment File (GPF-ERP XML) can be uploaded to the Bank Master table used within SAP applications to facilitate vendor and employee payments. GPF-ERP XML provides enhanced cross-border payment information, including head office and branch mailing addresses, SWIFT/BICs and national clearing codes. Customers will have a streamlined method of incorporating global bank data within their SAP systems as well as access to essential routing information including payments-critical data used to improve payment straight through processing (STP) rates and overall payment efficiencies.
"SAP users have always needed our global bank data," said David Leverenz, Accuity's director of product management and development. "But getting that data into their SAP system, and keeping it up-to-date, has been a challenge. The Bank Master Update Program simplifies that task by providing a turnkey option for treasury management professionals."
Accuity's Strategic Services Group is also available to assist with implementation and optimize the benefits of the Bank Master Update Program.
The Bank Master Update Program is compatible with SAP R/3 4.6c, SAP R/3 Enterprise, mySAP 2005 and SAP ERP 6.0.