The Bank Master Data Maintenance process in SAP S/4 HANA FI-BL (Bank Accounting) ensures accurate and up-to-date bank information is maintained for processing financial transactions. Bank master data contains essential details such as the bank’s name, identification codes (BIC, IBAN), and contact information. This data is necessary for conducting secure and efficient business transactions with financial institutions. Master data specialists can create, update, or delete bank records, ensuring that the system reflects accurate banking information, which supports straight-through processing (STP) for payments and reconciliation processes.
The attached flowchart image outlines the end-to-end process for Bank Master Data Maintenance in SAP S/4 HANA with the steps specified below;
- Check Bank Details: The Master Data Specialist begins the process by verifying the bank details in the system. Bank details are checked for accuracy or flagged for further action.
- Is the Bank New? If the bank details do not exist in the system, it’s identified as a new entry.
Yes: Proceed to create a new bank master record.
No: Determine whether the existing bank details need to be updated or deleted. - Create Bank Master If a new bank is identified, a bank master record is created in the system with all necessary details like the bank’s name, BIC, and contact information
- Change Bank Details If the bank’s information requires updates, the Master Data Specialist modifies the existing record to reflect the new details.
- Mark for Deletion If the bank is no longer needed, the Master Data Specialist marks the bank record for deletion, ensuring that the system is kept clean and relevant.
- Display Bank Details After the bank master record is created or updated, the bank details can be displayed for validation or reference by other system users.
