This is an innovative on-demand solution that connects financial institutions and other financial services providers with their enterprise customers in a secure, SAP-owned network. This connectivity solution based on the SAP cloud platform technology allows you to connect from your existing ERP system (ECC as well as S / 4HANA) to all your banking partners (for example, via EBICS or Host-2 host). In addition, SAP Multi-Bank Connectivity provides the connection to the SWIFT network.
SAP operates the infrastructure and acts as a service provider. The network offers them a managed service for all their banking connections via a single access channel. Key Benefits: The solution simplifies connectivity, automates financial transactions, lowers payment rejection rates, facilitates reconciliation and enhances corporate treasury transparency.