Enable firms and financial institutions to process transactions online
This solution integrates with SAP S/4HANA Cloud Public Edition and allows companies and financial institutions to share information online by connecting through a dedicated network or a VAN system. This enables businesses to directly handle financial tasks such as remittances, bulk salary transfers, and bill payments within their internal systems, as well as access various financial and exchange rate information.
Benefits
Reduce the risk of financial accidents
In this solution, all payment-related information for counterparties is based on data registered in SAP S/4HANA Cloud Public Edition, including payment amounts from AP vouchers, deposit accounts from BP(Business Partner) master data, and withdrawal accounts from its automatic payment settings. Since this information cannot be modified at the time of request, the risk of financial accidents is greatly reduced.
Improve operational efficiency with easy and accurate bulk payments
Using documents and BP information, bulk payments to vendors can be easily processed and internal transfers between accounts are also simplified, enhancing overall operational efficiency.
Start managing funds quickly with easy activation
After purchase, you can start using the service within five business days. Once setup is complete, account linking and initial configuration are carried out promptly, so you can start managing funds through various functions such as transfers, payments, and account management.
Monitor available funds in real time
View real-time deposit and withdrawal transactions for all your accounts and check each account’s balance instantly for accurate and up-to-date fund management.
Features
Make vendor payments fast and secure
Our solution enables companies to execute same-day vendor payments directly from SAP S/4HANA Cloud Public Edition. By managing requests and approvals, it reduces errors, enhances security, and accelerates transaction processing.
Optimize fund operations with seamless inter-account transfers
Companies can link their systems to banks to move funds between accounts, consolidate subsidiary accounts into a main account, or send scheduled payments to disbursement accounts on the same day. The process ensures security, speed, accuracy, and convenience.
View deposit and withdrawal history in real time
When deposits or withdrawals occur in a company's bank accounts, the ERP system can receive the transaction details in real time. Based on this data, the system can automatically generate corresponding journal entries for deposits and withdrawals.
Plans and pricing
KRW Domestic Firm Banking
Includes one corporation and three banks
Real-time vendor payments
Inter-account transfers
Transaction history inquiry
Balance inquiry
Account holder name inquiry
Requires two communication servers, not included in this edition
Price unavailable in this regionIncludes one corporation and three banks
Real-time vendor payments
Inter-account transfers
Transaction history inquiry
Balance inquiry
Account holder name inquiry
Requires two communication servers, not included in this edition
Foreign Currency Domestic Firm Banking
Includes one corporation and three banks
Vendor remittance
Transaction history inquiry
Balance inquiry
Exchange rate inquiry
Payment arrival notification
Requires two communication servers, not included in this edition
Price unavailable in this regionIncludes one corporation and three banks
Vendor remittance
Transaction history inquiry
Balance inquiry
Exchange rate inquiry
Payment arrival notification
Requires two communication servers, not included in this edition
Solution Expansion
Ability to add additional corporations beyond the standard configuration
Ability to add additional banks beyond the standard configuration
Ability to request communication servers for system integration
Allows additional inquiries and customization requests
Price upon requestAbility to add additional corporations beyond the standard configuration
Ability to add additional banks beyond the standard configuration
Ability to request communication servers for system integration
Allows additional inquiries and customization requests
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Treasury and Working Capital Management |
| Industry | Agribusiness, Aerospace and Defense, Automotive, Banking, Cross-Industry |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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| Compliance |
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Resources
Public Firm Banking Customer Guide
Publisher
BIZNBANK CO., LTD.
BiznBank is a specialized firm in firm banking services, offering solutions such as KRW and foreign currency firm banking, Giro firm banking, and cash management systems. With a strong track record of delivering customized, secure, and reliable solutions to major corporations, universities, and small-to-mid-sized enterprises across Korea, BiznBank stands out for its exceptional technological expertise.
