Payment Centralization (Payment Engine)
Payment Centralization (Payment Engine)
SAP Payment Engine is a comprehensive solution for managing payment operations, acting as a central platform to process, verify, sort, and clear payment transactions from various internal and external channels. It automates workflows, handles data from different formats, and supports a range of financial models, enabling efficient and error-free payment processing for financial institutions
- End-to-end processing: Manages the entire payment lifecycle, from reading incoming data to converting and transferring outgoing payment orders to the required target systems.
- Data validation and enrichment: Validates and enriches payment data to minimize errors, and includes a format-specific converter for seamless validation and conversion.
- Automated workflows: Provides flexible and automated workflows for verification, sorting, and clearing payments.
- Flexible routing: Supports automated routing of payments using flexible rules and master data.
- Exception handling: Offers semi-automated exception handling with predefined rules for efficient management.
- Reporting and monitoring: Includes robust monitoring and control functions, with event logging and report generation
