Topic Introduction: With the introduction of SAP S/4 HANA SAP has continually improved their product, with additional Fiori Tile Apps, and expanded functionality along with them. One such enhanced reporting feature available in S/4 would be that of the ability to monitor the receipt of Intraday or Current Day Electronic Bank Statements (EBS). Many organizations, …
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 …
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 …