Electronic Bank Statement in SAP

[thirumalesh_b]

Hi Expert,

I would like to know about

what are the benefits or advantages of using Electronic Bank Statement (EBS) to the company?

Any sample file for functional specification to create EBS in the SAP system?

Very appreciative for your early replay.

Thank You,

Thiru

[sanilbhandari]

Hi thirumalesh_b

The biggest advantage of EBS is that it reduces considerably the manual allocation and helps to automate bank related postings. The banks provide companies with the transactions of the individual house bank accounts in the form of files. The system reads in, interprets, and – provided it has the relevant allocation – automatically posts the files.The search patterns then help to correct incorrect information and to post business transactions to the corresponding accounts by means of certain key words. This allows payment runs and bank transfers as well as direct debits or returns to be assigned to the corresponding documents in the system with ease and automatically settled without delay.

The below links should help you understand how EBS works

https://wiki.scn.sap.com/wiki/display/ERPFI/General+Documentation+-+Banking+Accounting

https://blogs.sap.com/2020/04/15/sap-electronic-bank-statement-customer-open-items-clearing/

Thanks & Regards

Sanil Bhandari

[thirumalesh_b]

Thank You very much Sunil for your answer!

Please explain the below point how will effect/impact in Electronic Bank Statement process/Configuration?

Setup EDI Partner Profile for FINSTA Message Type (WE20)

Thank You,

Thirumalesh