B2B Payments Suite
Payment Gateway for SAP
Authorize & settle credit card & ACH payments for sales orders. Reconcile payments in SAP with 4-way matching.
Eliminate PCI compliance costs. 100% touch-less reconciliation for payments.
B2B Payments Suite
Authorize & settle credit card & ACH payments for sales orders. Reconcile payments in SAP with 4-way matching.
Eliminate PCI compliance costs. 100% touch-less reconciliation for payments.
Secure Card Payments for Orders. Credit card holds for high-risk buyers. Auto-settle when invoices are generated. More
Secure Card Payments for Invoices. Accept and process invoice payments in SAP. More
30% Less Card Processing Costs. Transmit transactional metadata and process credit card payments at lower costs. More
Support Low-Cost Payment options. Accept & process low-cost EFT payments for orders and invoices. More
PRODUCT
VALUE
Unlock the secrets of seamless payment processing in SAP: a comprehensive guide to optimize efficiency and overcome challenges with HighRadius' Payment Gateway.
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Discover the fundamentals of B2B payment processors, how they work, various payment processing fees, and how to reduce those fees.
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An automated billing system integrates with your company’s ERP, CRM, payment getaways, and other software to eliminate manual intervention.
Read the BlogThe SAP payment gateway is a solution designed to facilitate secure and efficient processing of payments within the SAP environment. It integrates with SAP systems to handle various payment methods, including credit cards, ACH, and eChecks, streamlining the payment process.
SAP payment gateway offers features like card processing for orders and invoices, settlement interchange optimization, and touchless reconciliation, helping businesses reduce processing costs and ensure PCI DSS compliance. By automating payment workflows, it enhances operational efficiency and accuracy in financial transactions.
Payment terms in SAP define the conditions under which a company makes or receives payments. These terms include details like baseline date for payment calculations, payment due dates, discounts for early payment, and penalties for late payment, which help in managing cash flow and financial planning.
SAP allows for customization of payment terms to fit the specific needs of a business, enabling automated calculation and application of these terms in transactions. This ensures consistency, reduces manual errors, and improves the overall efficiency of the accounts payable and receivable processes.
SAP Gateway Tcodes are transaction codes used to access various functionalities within the SAP Gateway, a technology that enables the integration of SAP systems with external applications and services. These codes simplify navigation and execution of tasks within the SAP environment.
Few SAP Gateway Tcodes include /IWFND/MAINT_SERVICE for maintaining services, /IWFND/ERROR_LOG for viewing error logs, and /IWFND/GW_CLIENT for testing OData services. These Tcodes help administrators manage and troubleshoot the SAP Gateway, ensuring seamless integration and operation of connected services.
SAP payment gateway integration streamlines operations by securely processing incoming credit card and real-time payments, reducing the need for manual cash reconciliation. It supports scalability by keeping payment processes up-to-date without altering back-end SAP systems.
Additionally, this integration enhances service quality by enabling customers to pay invoices online via credit cards and real-time payment methods. It provides a seamless payment experience, improves cash flow, and boosts financial efficiency. Additionally, it ensures better financial transparency and accuracy.
Integrating SAP with Managed Integration Platforms (MIP) enhances connectivity and data flow between SAP systems and payment gateways. It also automates payment processes, simplifies implementation, reduces IT overhead, and provides scalable solutions that support business growth.
Additionally, MIP integration enhances compliance with regulatory requirements, optimizes payment processing costs, and provides real-time transaction monitoring, thereby improving overall financial efficiency and decision-making. It increases security and supports seamless scalability for future growth.
The gateway offers an advanced reconciliation tool called ‘PayRec’ that imports daily transactions settlement files from payment processors, matches credit card payments with corresponding invoices, and automatically posts the reconciled data to the appropriate General Ledger(GL) Accounts.
HighRadius Payment Gateway seamlessly integrates with SAP systems, enabling payment authorization directly within SAP Finance. It ensures a streamlined and secure payment process during sales order creation and invoice processing, enhancing operational efficiency and financial security effectively.
The implementation time for Payment Gateway for SAP varies based on the complexity of your organization’s requirements. Our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months, setting an industry benchmark. A dedicated team works closely to ensure a smooth transition with minimal disruption to your payments process.
Schedule your 30 minute personalized demo for a live walkthrough of our Autonomous Finance capabilities.
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