What is international bank account number in SAP SRD-HR-PAY - HCM-Payroll Processing?

SAP Term: international bank account number

• Component: SRD-HR-PAY

• Component Name: HCM-Payroll Processing

• Description: An international standard for numbering bank accounts. It consists of an alphanumeric code that uniquely identifies the account of a customer, which assists in error-free and cross-border payments.

Smart SAP Assistant

• Key Concepts: 
  An International Bank Account Number (IBAN) is a unique identifier for a bank account that is used to facilitate international payments. It is composed of up to 34 alphanumeric characters and is used to identify the country, bank, and account number of the recipient. 
  
  How to use it: 
  In SAP, the IBAN can be used in the HCM-Payroll Processing component (SRD-HR-PAY) to identify the bank account of an employee. This allows for automated payments to be made directly to the employee’s bank account. 
  
  Tips & Tricks: 
  When entering an IBAN into SAP, it is important to ensure that all characters are entered correctly. This will help to ensure that payments are made accurately and on time. 
  
  Related Information: 
  The IBAN is part of the ISO 13616 standard, which defines a standard format for international bank account numbers. For more information on this standard, please refer to the ISO website.