Host to Host Bank Integration Solution
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:
- 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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What the Host-to-Host Bank Integration Solution brings to the table
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 details received from the bank via SFTP are automatically updated in SAP, and payment advice is instantly sent to the supplier and designated SPOC via email.
- 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
Outcome / Business Benefits of Host-to-Host Bank Integration Solution
- Automated and secure file exchange with banks via SFTP
- Enables automated, secure file exchange with banks through SFTP, giving you complete visibility and control over the entire 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
- SAP workflows are designed with role-based access and SPOC-level accountability to ensure secure and responsible operations.