Which of the following are steps in an automated payment run process? Note: There are 3 correct answers to this question

Which of the following are steps in an automated payment run process? Note: There are 3 correct answers to this question
A . Maintain Parameters
B . Upload Bank Statement
C . Schedule Payment Run
D . Schedule Proposal Run
E . Schedule Invoice Run

View Answer

Answer: A, C, D

Explanation:

In an automated payment run process within SAP S/4HANA Cloud Public Edition, the key steps include ‘Maintaining Parameters’, ‘Scheduling Proposal Run’, and ‘Scheduling Payment Run’.

Maintaining Parameters involves setting up the criteria for the payment run, such as payment methods, company codes, and payment dates. The Proposal Run is then scheduled, during which the system identifies open items that meet the criteria set in the parameters and proposes them for payment. This step allows for a review and adjustment of the payment proposal before final execution. Finally, the Payment Run is scheduled, where the system processes the payments for the approved proposals, generating payment documents and updating the financial accounts accordingly.

References:

SAP S/4HANA Cloud documentation on Payment Processing Best practices for managing payment runs in SAP S/4HANA Cloud