Direct Integration via SAP Multi-Bank Connectivity

You create, approve and send your business payments to NBG directly from SAP, according to the procedures and approval levels you have set.

Once sent, payment responses and status updates are returned to SAP, allowing for continuous monitoring of their progress.

You gain access to NBG account information through SAP, such as available and book balances, recent account movements, account status and activity, updates to the business's total cash position. Information can be provided in real time via APIs, depending on the agreed connectivity model.

Account details and e-statements are transferred to SAP for automated creation of accounting entries and reconciliation of banking transactions. End-of-day MT940 files are supported, making it easier to process bank statements and identify transactions that require further management.

Through the SAP environment, authorized users can monitor payment proposals, files in the process of approval, payments sent to the Bank, the execution status of each payment, balances and activity of linked accounts, as well as incoming and outgoing bank messages. 

Step 1 – Create a payment proposal
SAP generates the payment proposal based on the business’s selected invoices and obligations.

Step 2 – Review and approval
Authorized users review the proposed payments and follow the approval flow set by the business.

Step 3 – Send to NBG
After the approvals are completed, payment orders are securely sent to NBG via SAP Multi-Bank Connectivity.

Step 4 – Status update
Responses and updates on the progress of payments are returned to SAP, so users know if a transaction has been received, accepted, executed, or rejected.

Step 5 – Account update
Account statements and MT940 files are transmitted to SAP to update the cash position and support bank reconciliation.

Account information

• Real-time account balances 
• Recent account activity 
• Single view of accounts in SAP 
• End-of-day statements in MT940 format 

Payments

• Sending corporate payments 
• Mass Payments 
• Monitoring the status of payments 
• Receiving responses and confirmations from the Bank 
• Approvals according to the business's processes in SAP 

Reconciliation

• Automatic import of bank statements 
• Automatic creation of accounting entries 
• Automatic reconciliation of payments and transactions 
• Follow-up processing of transactions that require user handling

The solution is aimed at businesses that have:

• the SAP S/4HANA or a compatible SAP ERP environment, depending on the selected scope, 
• an active SAP Multi-Bank Connectivity service, 
• the required SAP Cash Management modules, 
• NBG corporate accounts, 
• complete and up-to-date data at NBG, 
• the appropriate technical and operational conditions for connectivity via APIs or SFTP. 

The final specifics of the services and the mode of connection are determined in cooperation with the business, NBG and, where necessary, SAP or the SAP implementation partner of the business.

Data exchange takes place through secure communication channels and supports:

• dedicated credentials for the integration,
• secure system authentication,
• encryption of communication and data,
• monitoring and recording of the messages exchanged, 
• control and auditability, 
• segregation of roles and approvals based on the business's policies.