The Montag Payment Automation Package brings vendor payments, the automatic payment program (SAP F110), bank file formats, bulk payment processes and approval mechanisms together in a single standard process. It reduces manual work, increases payment security and simplifies bank integrations.
The Montag Payment Automation Package is a solution package that standardises vendor payments, automatic payment runs, bank payment files and approval processes on SAP, making payment operations secure, fast and traceable.
Are vendor payments still prepared manually?
Do you create separate payment files for different banks?
Is there no adequate control and approval mechanism before payment?
Do bulk payments take time or create a risk of error?
Do you face authorisation, security and traceability problems in payment processes?
By structuring SAP F110, Bank Communication Management (BCM), the Payment Medium Workbench (PMW) and bank integrations together, we create end-to-end digital payment processes.
Vendor payments falling due are selected automatically according to defined rules, payment proposals are created and the payment process is standardised.
SEPA, ISO 20022 XML, BACS, ACH and bank-specific payment files are created and managed from SAP.
Bank files, payment instructions and the required reports for thousands of payments are prepared automatically in a single run.
Payment proposals are controlled through approval workflows aligned with company policy and multi-level authorisation mechanisms.
Operational speed and efficiency in vendor payment processes
Reduced risk of error and incorrect payment caused by manual work
Standard, auditable payment processes
Greater payment security through strong approval mechanisms
Central payment management in multi-bank structures
Faster period-end close and finance operations
Companies making high-volume vendor payments weekly or daily
Organisations that want to manage multi-bank payment operations centrally
Finance organisations that require strong approval mechanisms
Shared Service Centre (SSC) structures
Companies running international payment operations
We analyse your existing payment processes, banking structure and internal approval mechanisms.
We design the SAP payment processes to fit your organisation and model the bank formats and approval workflows.
We develop the payment automation on SAP, complete the bank integrations and run user testing.
After go-live we continue to support you with new bank integrations, payment formats and process improvements.
Using the SAP F110, BCM and PMW standards, we develop sustainable solutions that keep the need for customisation to a minimum.
We design authorisation, approval and traceability mechanisms to fit your company's internal control framework.
From the payment proposal to the bank file, from bank integration to the accounting entries, we manage the entire process within a single standard structure.
SAP F110 is SAP's standard Automatic Payment Program: it automatically selects vendor and customer payments falling due, creates payment proposals and prepares the payment files.
The solution can support different payment formats according to the organisation's needs: ISO 20022 XML, SEPA, BACS, ACH and bank-specific payment formats.
Multi-level approval mechanisms aligned with company policy can be designed: creation of the payment proposal, finance control, management approval, transmission to the bank and posting.
The SAP payment program automatically evaluates the selected vendor invoices, creates the payment file and makes it ready for transmission to the relevant bank.
Through payment proposals, approval workflows, authorisation controls, bank validations and automatic business rules, the solution significantly reduces the risk of incorrect payments.
Get in touch to evaluate the payment automation solution that best fits your organisation.
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