Outgoing Payment Processing in SAP FI: An Overview

By erpdocs | July 28, 2013

Outgoing Payment Processing is the final step in the Procurement Cycle in SAP. The system employs an automated Payment Program which provides full functionality for processing Vendor payments.

This document aims to:

  • Describe the input data needed to configure the Payment Program.
  • Discuss cash discount strategies.
  • Execute the Payment Program.

Key Terms from document are; Outgoing Payment Program, Payment Method, Payment Block ,Paying Company Code, Sending Company Code, Optimization by Bank Group, Optimization by Postal Code, Variant, Payment Currency, Intermediary Bank, Bank Chain

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