Make Bank Transfers
Application component: Bank Transfer
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Cash and Liquidity Management (ERP)
Scope items: Advanced Cash Operations
Description:  With this app, you can make transfers between bank accounts in your company. For each transfer, the system creates a payment request. Depending on your company's process, you can either create and clear the payment request in one single action, or create, release, and clear the payment request in seperate steps. 
Cash manager needs a way to easily move money among companies' bank accounts, because it will enable him to do immediate insight-to-action for example after analysis of cash position, deficit cash pool. As a result it will increase cash efficiency and safety.
Key features:      Initiate a new transfer between bank accounts in your company You create a new transfer by entering paying and target bank account IDs, transfer date, payment method, amount, and reference texts. Note Transfers using currencies other than the bank account currency are supported. Please note that the app supports only the exchange rate type M (average rate) to convert payments in foreign currency to bank account currency. You must use the exchange rate type M and also enter the exchange rates for this type.   Release and clear payment requests Payment requests are cleared when the payment run is successful and the payment has been posted to the clearing account. Depending on the process in your company, you can do either of the following:  Create a bank transfer and ask other users to release and clear the payment request Other users can search for the payment requests that were created by you (with status Created) and then release and clear them.   Create a bank transfer with the Release and Pay checkbox selected This way, the system automatically releases the payment request and makes the payment. Subsequently, the status of the payment request is changed to Cleared.     Create with templates You can choose the Create with Templates button to navigate to the Make Bank Transfers - Create with Templates app to create bank transfers based on templates that have been defined for frequent bank transfers.   Check bank transfer details and application logs   Choose Go to see a list of bank transfers.  You can also adapt your filters. For example, when you specify a range of transfer dates, a list of bank transfers within this period are displayed.   Choose a bank transfer to view the object page. You can check the details of bank transfers and view the application log to track the history of bank transfers.     Fuzzy search  Search for a transfer by entering parameters such as a bank account or a payment method.       
Business roles: Cash Management Specialist| Cash Manager
Cash Manager : 
Is responsible for overall liquidity status of group corporate, executes cash transactions and centrally manages bank accounts with rich attributes, including overdraft limit and signatories, approves for opening or closing bank accounts, etc.

Cash Management Specialist : 
Executes cash transactions and centrally manages bank accounts with a wide range of attributes, including overdraft limit and signatories, utilizing approval process for opening or closing bank accounts, and the regular inventory/auditing process.