Host to Host Bank Integration Solution for SAP Business One
Integration Solution For Automated Payment & Receipt Processing Seamlessly Integrated With SAP Business One
Purpose
Clockwork’s Host-to-Host Bank Integration Solution enables end-to-end automation of outgoing and incoming bank transactions between SAP Business One and your banking partner via Secure File Transfer Protocol (“SFTP”). The solution eliminates manual intervention in critical financial processes such as payment execution, UTR mapping, and receipt matching — while ensuring compliance, traceability, and real-time communication with all stakeholders.
Business Challenges the Host to Host Bank Integration Solution Addresses
Managing vendor payments and customer receipts manually often leads to delays, errors, and poor audit readiness. Critical steps such as UTR updates, payment advice sharing, and daily reconciliation reports are either delayed or missed. A few other challenges are:
Clockwork’s Host-to-Host Bank Integration Solution enables end-to-end automation of outgoing and incoming bank transactions between SAP Business One and your banking partner via Secure File Transfer Protocol (“SFTP”). The solution eliminates manual intervention in critical financial processes such as payment execution, UTR mapping, and receipt matching — while ensuring compliance, traceability, and real-time communication with all stakeholders.
Business Challenges the Host to Host Bank Integration Solution Addresses
Managing vendor payments and customer receipts manually often leads to delays, errors, and poor audit readiness. Critical steps such as UTR updates, payment advice sharing, and daily reconciliation reports are either delayed or missed. A few other challenges are:
- Manual data handling increases chances of errors and delays
- Lack of real-time status tracking of payment and receipt transactions
- Manual UTR entry and follow-up for payment/receipt advice
- No centralized visibility for finance teams across locations
- High dependency on emails and Excel-based reconciliation
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Solution that the Host to Host Bank Integration Solution offers
Clockwork’s Solution ensures seamless communication between SAP Business One and your bank, reducing operational time and enhancing the reliability of financial transactions. It includes both Payment Integration and Receipt Integration functionalities.
Outgoing Payment Integration Features:AP invoice alert triggers for pending payments
Auto approval flow and audit trail for payment
Auto-generation of payment text file and SFTP-based transfer to bank
UTR received from bank via SFTP auto-updated in SAP
Auto-trigger of payment advice to supplier and SPOC emails
Daily payment summary report emailed to finance team
Incoming Receipt Integration Features:
Virtual account mapping to customer master
Receipt file from bank auto-processed into SAP with success/failure tracking
Auto email of receipt advice to customer and SPOC
Daily receipt summary report emailed to finance team
Clockwork’s Solution ensures seamless communication between SAP Business One and your bank, reducing operational time and enhancing the reliability of financial transactions. It includes both Payment Integration and Receipt Integration functionalities.
Outgoing Payment Integration Features:
Outcome / Business Benefits
Automated and secure file exchange with banks via SFTP
Full visibility and control of payment and receipt lifecycle
No manual intervention for UTR updates and advice emails
Compliance-ready audit trail of all payment/receipt transactions
Reduced errors, improved turnaround time, and centralized reporting
Role-based access and SPOC-level accountability built into SAP workflows