Payments Upload Add-on
Streamline vendor payment processing by enabling users to generate bank-uploadable files directly from SAP Business One
Purpose
Clockwork’s Payment Upload Add-On streamlines vendor and customer payment processing by enabling users to generate bank-upload able files directly from SAP Business One. The tool auto-loads all open outgoing or incoming payments as a list, allowing users to select single or multiple transactions, and then generate a payment file based on a predefined bank-specific format. Multiple formats can be configured to suit different banking requirements, making this solution flexible and scalable for businesses handling payments through various banks.
Business Challenges the Payment Upload Add-On Addresses
Managing high volumes of payments manually can lead to inefficiencies, errors, and banking mismatches. Each bank may require a specific upload format, and preparing these files manually is time-consuming and error prone. Besides, there are other challenges:
- Substantial effort goes in formatting payment files for different banks
- Risk of incorrect payment data leading to bank rejections
- No centralized platform to manage and process bulk payments
- Time-consuming process to prepare, validate, and upload payments
- Difficulty in tracking processed vs. pending payments.
Solution that the Payment Upload Add-On Offers
- Allows for configuring multiple Bank formats
- Automatically fetches open payment transactions (outgoing / incoming)
- Filter by vendor, customer, due date, or amount
- Select multiple entries for bulk file generation
- Generate .txt, .csv, or other custom file types as per bank’s requirement
- Maintain multiple format templates for different banks
- Log history of file generation for audit and traceability.
Outcome / Business Benefits of Payments Upload Add-on
- Time-saving solution for high-volume invoicing
- Consistent and error-free invoice generation
- Standardized input format across teams and locations
- Reduced workload for finance and billing departments
- Improved billing accuracy and faster revenue capture
- Ideal for invoice migration, ERP implementation, or billing cycle automation
