Process External Bank Statement Functionality.

This functionality enables the user to import external bank statements into SAP Business One (for reconciliation). The capabilities include the import of the following file types.

  • Cashfocus (ABSA .csv & .txt format)
  • Absa Internet Banking (.csv format)
  • SAPMT940 (Citibank .txt format)
  • BankIt (First National Bank .csv format)
  • CAMS (First National Bank .cdl & .exp format)
  • Lloyds Of London (.csv format)
  • Netbank (.csv format)
  • Netbank Multi Statement (.csv format)
  • NedInform (.txt spreadsheet format)
  • Nedbank Lesotho (.csv format)
  • Business Online (Standard Bank .csv & .dat format)
  • Standard Bank Lesotho (.txt format)
  • Supplier Statement (.csv format)

External bank statement account posting functionality

This functionality allows the user to post the Imported Bank Statement Transactions to either Incoming or Outgoing payments. The postings will be semi automated with a rich configuration that will require minimal alteration from the user.

Easy payment functionality

The purpose of this section is to enable the user to create an EFT (Electronic Funds Transfer) document when creating a payment or a collection through the payment software tool. The created document can then be sent to the Bank for EFT purposes. This functionality applies to outgoing and incoming bank transfer payments. The capabilities include the import of the following EFT file types

  • NedInform Free-Format (Payments and Collections)
  • NedExec (Payments Only)
  • FNB PACS (Payments and Collections)
  • Standard Bank BUSINESS ONLINE Dated & SSVS file formats (Payments and Collections)
  • ABSA CASHFOCUS Default Format (Payments and Collections)
  • ABSA CASHFOCUS Short Format (Payments Only)
  • Citibank CITIDIRECT (Payments (ACH) and Collections (DD))

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