Smart Payment Management, fully integrated in SAP
Do you have central transparency over your company-wide payments? Would you like to replace decentralized, proprietary electronic banking solutions? Have you experienced fraud attempts and want to achieve greater security for your payments? Are your payment management processes audit-proof or are you looking for ways to enhance compliance? These questions concern many organizations globally today. Serrala is there to help!
With our SAP-integrated solution FS² Payments we help you centralize, unify, and automate your global payments. Bank communication directly from within your SAP system enables you to reduce maintenance for decentralized solutions and gives you the central transparency and control you need. Automated fraud monitoring helps you protect your payments from fraudulent attempts, and payment optimization features support the set-up of a powerful payment factory including also payments on behalf of (POBO).
With FS² Payments, you can utilize your SAP master data, so you no longer need to maintain more than one database or tool, as well as connect to other SAP systems and modules; data that is generated in SAP, stays in SAP. The software also supports other ERP solutions; and easily integrates to import, manage and send payment files, including gathering account information from banks to distribute them to your various connected ERP systems.
NEW: FS² Payments now comes with the integrated SEPA Instant Payments API which sets the basis for an end-to-end automation of payment processes through integration in your SAP ERP system. Find out more in our press release on "Important steps toward real-time treasury: Serrala and Deutsche Bank launch first API solution for real-time payments".
FS² Payments: Highlights and Benefits
- Centralizes, consolidates, and automates payment management processes
- Supports all international financial formats
- SmartMonitor delivers complete transparent, real-time overview of all payments
- SmartConnect saves you money with a single dedicated bank communication tool
- Fraud Monitor for automated fraud prevention
- Universal Payments Creator for simplifying manual payments
- Payment Optimization lets you define payment rules saving time and cost
- Payment Factory for simple or complex centralization of cash flows
- Conversion Engine creates, optimizes, or converts numerous payment formats
- Powerful, configurable, and secure approval workflows
FS² Analytics for Payments– High-end Business Intelligence Reporting
FS² Analytics can quickly set-up new reports and run speedy queries based on daily or historical data. The personalized reports are supported with responsive robust metrics and analytics to keep your processes up to date and streamlined.
Examine the payment activity and performance across different countries, systems, company codes, banks and currencies. Identify unsuccessful payment transactions, minimize the impact of error occurrences and reduce payment processing. Get important insights into the performance of Payables by analyzing KPIs such as DPO, payment terms, open and outstanding payments as well as cash discount deductions.