SAP for SEPA

This weekend an Super Bowl XLVIII took place in East Rutherford, NJ was an event which dominated in North America. In Europe on other hand over the weekend happened something else which for the people who were involved wasn’t that much fun as Super Bowl. Actually Single Euro Payments Area or SEPA went live in post of EU’s banks. The SEPA is payment integration initiative within European Union aiming to simplify cross border payments and enables cashless euro payments to subjects located anywhere in the European area. This is possible by using a single bank account and a single set of payment instruments. As SAP systems are heavily involved in banking industry there were changes required into those systems.

Changes in SAP software are related to many solutions and components. Here’s I’m briefly introducing some of SAP ECC components which relates to the changes:

CA-BK – Bank

FI-AR-AR-N - Financial Accounting -> Accounts Receivable -> Basic Functions -> Master Data

FI-AP-AP-B - Financial Accounting -> Accounts Payable -> Basic Functions -> Payment Program / Payment transfer (DE, JP, US)

FI-BL-PT-FO - Financial Accounting -> Bank-Related Accounting -> Payment Transactions -> Payment forms

FI-CAX - Financial Accounting -> Non-industry specific contract accounts receivable, payable

FS-CD - Financial Services -> Collections and Disbursements

IS-PS-CA - Industry-Specific Component Public Sector -> Public Sector Contract Accounting

IS-T-CA - Industry-Specific Component Telecommunications -> Contract Accounting

IS-U-CA - Industry-Specific Component Utilities -> Contract Accounts Receivable and Payable

HCM – Human Capital Management

To see all the information on SEPA related to the SAP see following site on SMP and Note:

service.sap.com/sepa

1855795 - SEPA composite SAP Note: Customer Connection