What is transaction banking in SAP FS-AM - Account Management?

SAP Term: transaction banking

• Component: FS-AM

• Component Name: Account Management

• Description: A business area that comprises the processing of the following banking transactions based on customer accounts: Deposit banking such as SAP Deposits Management, Bank Customer Accounts IS-B-BCA Credit transactions such as SAP Loans Management incl. Open Item Management System FI-CAX, Consumer and Mortgage Loans FS-CML Collateral management such as Collateral Management FS-CMS Payment transactions such as SAP Payment Engine FS-PE Financial products are calculated, rated, and analyzed in analytical banking.

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• Key Concepts: 
  Transaction banking is a type of banking that focuses on providing services related to cash management, payments, and trade finance. It is a part of the Financial Services (FS) component of SAP, specifically the Account Management (AM) module. This module provides a comprehensive set of tools for managing accounts, payments, and other financial transactions. 
  
  How to use it: 
  The FS-AM Account Management module provides a range of features for managing accounts, payments, and other financial transactions. It includes features such as account reconciliation, payment processing, and transaction monitoring. It also provides tools for managing customer relationships and analyzing financial data. 
  
  Tips & Tricks: 
  When using the FS-AM Account Management module, it is important to ensure that all transactions are properly recorded and tracked. This will help ensure accuracy and compliance with regulations. Additionally, it is important to regularly review the data in the system to ensure that all transactions are up-to-date and accurate. 
  
  Related Information: 
  The FS-AM Account Management module is part of the larger Financial Services component of SAP. Other modules within this component include Cash Management, Treasury Management, and Risk Management. Additionally, there are several other components within SAP that can be used in conjunction with FS-AM Account Management to provide a comprehensive financial management solution.