Monitor Intraday Bank Statements
Utilizing Transaction Code: FCLM_BRM_RULE or the Fiori App “Define Monitoring Rules – Intraday Statements”, we’ll want to create a new Monitoring rule.
S/4HANA’s Solution to Decluttering the G/L
Before the release of SAP S/4 HANA 2020, companies would commonly have a complex G/L account structure for their cash GLs. Generally, a single unique set of clearing GL accounts and a main GL account is assigned to each house bank account. Using this structure, many companies have 10 GL accounts assigned to each bank …
Interest Rate Reform – LIBOR to SOFR Transition
In a quest to reduce interest rate manipulation & increase financial transparency, banks and regulators around the world have performed an overhaul of the benchmark interest rates used globally for financial transactions. Corporations and financial institutions have in the past heavily relied upon LIBOR based credit lines, debt/investment contracts & derivatives. As of January 1st …