What is intraday bank statement in SAP FIN-FSCM-CLM - Cash and Liquidity Management?

SAP Term: intraday bank statement

• Component: FIN-FSCM-CLM

• Component Name: Cash and Liquidity Management

• Description: A document provided by banks to the account owners as a reference of real-time bank account movements and balances. Account owners can request and import intraday statements throughout the day whenever necessary to monitor the real-time liquidity status.

Smart SAP Assistant

• Key Concepts: 
  Intraday bank statement is a feature of SAP Cash and Liquidity Management (CLM) that allows users to view their bank account balances in real-time. This feature is especially useful for companies that need to monitor their cash flow on a daily basis. It provides an up-to-date view of the company’s financial position, allowing users to make informed decisions about their cash management. 
  
  How to use it: 
  To use the intraday bank statement feature, users must first set up a connection between their SAP system and their bank. This connection allows the system to retrieve the latest information from the bank in real-time. Once the connection is established, users can view their bank account balances in the CLM application. 
  
  Tips & Tricks: 
  It is important to ensure that the connection between your SAP system and your bank is secure and reliable. Additionally, it is recommended that users regularly check their intraday bank statement to ensure that all transactions are accurate and up-to-date. 
  
  Related Information: 
  For more information about SAP Cash and Liquidity Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.