The Payment Medium Workbench (PMW) is a tool used to configure and create payment media sent by organizations to their house banks.  These payment files, popularly called DME files, are replacing traditional SAP programs for generating electronic payment instructions. SAP has pre-delivered several country-specific formats which can be further customized according to the requirements of....

Assumption: Reader has basic knowledge on Accounts payables and is aware of FBZP set up in the system.  Overview: BCM stands for Bank Communication Management, which is a component under FSCM (Financial Supply Chain Management). BCM is responsible for communication with a bank in terms of payments sent, acknowledgments received and approval workflows before payments....

  Contents Abstract Background. Scenario. Business Requirement SAP Solutions. Conclusion.     Abstract SAP Bank Communication Management typically provides an update of payment, with an end- to- end tracking. There are two types of file formats ISO20022 Payment standards, XML and text. XML structures are PAIN.001 formats Text structures are MT formats Payment status Reports....