One bank account & multiple geographical bank collection centers

[VigneshAvasarala]

Dear Experts,
Good day!

Query:
Business has one bank account & multiple bank collection centers at different geographical areas where the customers deposits the funds which is received in the main bank account. How to handle this scenario in SAP S4HANA Public Cloud? Some questions are:

1) Can we create these collection centers as bank accounts & map them to customers from respective geographical locations? Ex: Collection Center at Location A is created as a bank account in SAP and this data is mapped to the Customer Master (under Bank details), say, Customer 001 who is from this location.

2) How does the entry to the Main Bank Account gets posted from the Bank Collection Center Account?

3) How bank reconciliation is done in this context?

Kindly guide me to structure this requirement in SAP S4HANA Public Cloud.
Thank you!

Regards,
Vignesh Avasarala
SAP Presales Consultant (Finance) 
SAP S/4HANA Cloud Public Edition @vsvaradha 

[Enda]

Adding tag SAP S/4HANA Cloud for Finance

[OwenLiu]

Informed expert.

[Amy_Niu · Accepted solution]

Hi @VigneshAvasarala, Good day and thanks for clarifying your questions! We understand your interest in virtual bank accounts. Though the feature is not supported yet, the requirement is on our radar. You may request this feature on the Customer Influence Portal. We continuously review and prioritize feature requests based on customer feedback. Thanks again for your feedback!

[VigneshAvasarala · Accepted solution]

Hi @Amy_Niu, Thank you for your prompt response and for considering my feedback. I appreciate the information and will certainly submit a request through the Customer Influence Portal. Looking forward to any updates on this feature. Thanks & regards, Vignesh Avasarala

@vsvaradha