SAP Multi-Bank Connectivity

Score7.9 out of 10

18 Reviews and Ratings

What is SAP Multi-Bank Connectivity?

The SAP Multi-Bank Connectivity solution connect banks and other financial institutions with corporate customers. It offers a secure network owned and managed by SAP that can leverage multiple services over one single channel and support the deployment of new ones.

Categories & Use Cases

Treasury Management

Bank Account Management
Manages relationships with multiple banks within the platform for increased visibility.
Category average: 8.6
Treasury Management Payments
Allows you to make secure, reliable payments within the platform.
Category average: 8
Financial Fraud Prevention
Detects and alerts on potentially fraudulent transactions to increase security.
Category average: 6.2

Treasury Reporting
Dashboards with commonly used information and customizable reports for more complex data needs.
Category average: 7.9
Liquidity Forecasting
Forecasts future liquidity/cash flow based on current trends.
Category average: 7.2
Market Data
Provides up-to-date market data to allow for informed financial decisions.
Category average: 7.1

Pros

Seamless integration with SAP S/4HANA and SAP cloud environments
Consolidates interfaces for managing multiple banking partners
Automates financial payment processing, reducing manual effort

Cons

Complex and time-consuming initial setup and bank onboarding processes
Slow responsiveness and depth of SAP support for critical issues
Limited customization capabilities for specific treasury team needs

uma thummala

director in Information Technology at CSL behring (10,001+ employees)

Use Cases and Deployment Scope

We use SAP Multi-Bank Connectivity (MBC) to automatically connect to banks to send payment files and receive acknowledgements and bank statements from multiple banks across the regions. It streamlines connectivity with the banks.

Pros

connecting SAP with banks
monitoring the bank statements with MBC monitor
SAP MBC support

Cons

certificate expiration and installation is a pain point, especially coordinating with banks and SAP.
onboarding of new banks takes time, as it needs to go through entire cycle of set up, testing with the banks and SAP Multi-Banks Connectivity

Return on Investment

improved efficiency gains with automating the loading of bank statements and to send payment files automatically to the banks

Usability

Alternatives Considered

Fides

lyle honig mojica

CFO in Finance and Accounting at AIDS Healthcare Foundation (5001-10,000 employees)

Use Cases and Deployment Scope

Brings in bank statement information for reconciliation. Brings in global banking information for consolidated reporting.

Pros

Allows for transmission to bank seamlessly

Cons

Bank Statement reconciliation

Return on Investment

Created efficiencies in reporting

Usability

Alternatives Considered

Kyriba

Other Software Used

Kyriba

Verified User

Director in Engineering (10,001+ employees)

Use Cases and Deployment Scope

We have our SAP S4HANA ERP systems, for which seamless connectivity is needed by the banking clients and partners. Multibank connectivity makes it possible with "One connection" and allows you to perform multiple tasks. It uses the SAP BTP platform for connection and other governance requirements. Basically, this is used by bank treasury operations to provide seamless connectivity with the SAP S4 HANA system to meet data requirements.

Pros

Seamless connection with SAP S4HANA system for data requirements.
SAP BTP provides strong data governance and security features while connecting to multiple other systems, ensuring security as well.
Supports automation reducing manual toil and hence save costs.

Cons

Implementation and setup is bit complex requiring lot of maintenance.
Custom configurations are not well supported, hence limiting their use across bank treasury teams.
SAP Support is needed for most of the issues that are difficult to understand by technical teams.

Return on Investment

We have our SAP S4HANA ERP systems, for which seamless connectivity is needed by the banking clients and partners.
Multibank connectivity makes it possible with "One connection" and allows you to perform multiple tasks.
It uses the SAP BTP platform for connection and other governance requirements, hence making it simple to use BTP as well.
Saves almost 30-40% of manual toil across treasury teams.

Usability

Verified User

Analyst in Finance and Accounting (1001-5000 employees)

Use Cases and Deployment Scope

We are connected with multiple banks in Canada, the US, and the UK through MBC. This gives us real-time updates on whether the bank accepts or rejects the payment file; if it is rejected, we have a rejection reason to investigate.

Pros

Real-time update on acceptance or rejection of file.
Approval workflow.

Cons

DMEE fill creation could be easier.
Immediate support while setting up new bank.

Return on Investment

Time Saving.
Cash outflow management.
Reduce a lot manual work.

Usability

Other Software Used

WalkMe, SAP Ariba

Verified User

C-Level Executive in Information Technology (1001-5000 employees)

Use Cases and Deployment Scope

MBC is the foundational connectivity layer. It enables centralized payment processing, bank statements, treasury messaging, and bank communications.

Pros

Single Connection to Multiple Banks.
Native SAP Integration.
Supports encryption, digital signatures and secure communication channels.

Cons

Less Flexibility Than Custom Banking Platforms.
Not All Banks Are Equally Mature. It increases the adoption costs. Flexibility matters here.
Additional Subscription Cost are holding back the Mid-Market Customers.

Return on Investment

MBC is a banking communication backbone.
Add value to the Enterprise with the recent SAP Pay announcement.
Improves the value chain into actual payment execution and orchestration

SAP Multi-Bank Connectivity

What is SAP Multi-Bank Connectivity?

Categories & Use Cases