Accuity has enhanced its financial institution data and routing information database for SAP systems through its Global Payment File-ERP XML (GPF-ERP XML). Designed to provide complete information on financial institutions for incorporation within the bank master table on any SAP system, the solution now offers a data file in local languages that may be used with Accuity’s Bank Master Update Programme to load bank data directly into the SAP bank master (BNKA).
GPF-ERP XML provides information on financial institutions in all countries around the world including head office and branch mailing addresses, department-specific contact information, SWIFT/BICs and national clearing codes – the information needed to process payments more efficiently and with fewer errors.
By providing bank data in a local language, including languages using a non-Latin character set, customers can quickly and easily effect a local payment within the respective country, such as China, that requires payments made with data in Chinese characters. Using a local payment method provides a lower-cost alternative to a non-local cross-border wire transfer. With this release, GPF-ERP XML will include data for Chinese bank locations in the Chinese character set; expansion to include other languages and character sets as required is planned for future releases.
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