Maximising efficiency in treasury management with the SAP Connector

SAP is the world’s leading ERP company and is currently also the company with the largest market capitalisation in Germany.

The majority of the big companies trust this business system to manage it’s financial processes, logistics of production and human resources, among other functions

However, the SAP integration with third-party applications continues to be a challenge, especially with regard to treasury software and connections to banking interfaces

In many cases, these integrations are based on rudimentary and inefficient connections, which do not even allow data to be extracted in real time. This represents a major drawback for treasury management in large organisations. However, the digital transformation has driven the automation of these tasks, allowing them to be performed increasingly in real time.

This is where the Invictia connector, a Brait product, comes in.

Thanks to this direct integration with SAP, Invictia streamlines and optimises treasury management, allowing banking reconciliation in real time and improving financial visibility without depending on manual processes.

Below, we explain how this connector works and its integration with our Embat platform.

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How does SAP integrate with Embat? This is how Invictia, the Brait connector, works.

Invictia is an add-on developed by Brait for SAP that acts as a connector, facilitating integration between the ERP and various banking platforms and specialized treasury software.

Through Invictia, the businesses can connect with its ERP with treasury management software, such as Embat, to obtain real-time accounting and business information

The integration of Invictia with SAP automates key functions of treasury management like the creation of master data, sending financial transactions, and receiving payment information. 

Specifically, this API enables synchronous communication between SAP and banking platforms, ensuring secure connections via web services (SSL). This connectivity can be direct or through middleware (an intermediary software that facilitates communication between two different systems), with all connections initiated by SAP (outbound), providing a robust security layer.

This AddOn is compatible with both SAP ECC and SAP S/4HANA, and since it is built in ABAP, it is easy to maintain and extend. In addition, it is easy to install and requires no additional SAP notes.

What information is sent from SAP through the connector?

The Invictia connector synchronizes a series of master data from SAP to the corresponding software, such as Embat. These are:

• Business partners, i.e. both the customer's payables and receivables, and at the company code level. All suppliers and customers are created with the corresponding contact information

• Corresponding cost centres per company code

• General ledge accounts, depending on the chart of accounts assigned to each company code. The accounting accounts created in SAP are mapped to the accounting accounts maintained in the external software.

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In addition, all transactional data on the outstanding portfolio of customers and suppliers and other data necessary for treasury accounting will be sent.

Finally it is important to note that this communication is bidirectional. On the one hand, SAP sends the accounting information and existing master data in its ERP and Embat sends the updated data, for example, when the banks reconciliation is performed. In this way, data is synchronised between both environments at all times and in real time.

Advantages of using the AddOn with SAP

Embat's integration with SAP through Invictia's connector offers multiple benefits for treasury management, making the reconciliation process faster, more accurate and less labor-intensive. Some of the main advantages include:

• No suspense accounts are needed to perform the reconciliation: one of the main benefits of the connector using Embat is that it eliminates the need to use suspense accounts in SAP to reconcile transactions. By synchronizing directly with the bank, Embat updates SAP accounting information in real time, reflecting the most recent transactions instantly.

• Real-time bank position: the integration ensures that the company's treasury team can always see the most up-to-date bank balances without the need to manually upload or download files. This real-time visibility into the financial position aids in making more informed decisions, whether for liquidity management, investment planning or debt servicing.

• Automatic master data maintenance: Embat automatically detects and maps key financial master data such as customers, suppliers, cost centers and accounting accounts. Whether you are using SAP ECC or S/4HANA, the system recognizes and updates the relevant data using JSON files sent to the Invictia API. This ensures that every business entity within the SAP environment has synchronized and up-to-date data.

• Reduced administrative effort: traditional banking integrations with SAP often require manual file management and time-consuming processes. Embat simplifies this through automation, using artificial intelligence to reconcile movements. With fewer manual interventions required, companies can significantly reduce errors and administrative burden.

• Hassle-free banking connectivity: Embat manages the complexity of file formats and banking connections, freeing companies from the need to adapt their processes to different formats. The API is able to standardize this across various banking platforms.‍
• AI-assisted reconciliation: one of Embat's most prominent features is its ability to use artificial intelligence to reconcile bank transactions. AI can match transactions faster and more accurately than manual processes, improving the speed and efficiency of financial reporting.

• Future-proof treasury management: Embat's flexibility ensures that it remains a vital tool for optimizing treasury management well into the future. As companies grow or expand into new markets, the platform's ability to manage multiple entities, partnerships and banking connections in different regions makes it a valuable long-term investment.

Conclusion: Embat's Impact on Treasury Efficiency

Invictia's connector for SAP is more than just an add-on; it is a strategic tool for companies looking to optimize their treasury management processes. By automating key tasks such as master data synchronization, real-time bank update and payment reconciliation, Embat significantly reduces the administrative burden on finance teams.

Its seamless integration with SAP makes it a natural choice for companies that rely on this ERP to manage their financial operations, providing them with the tools they need to stay agile in an ever-changing marketplace.

By leveraging real-time banking insights, reducing manual processes and incorporating AI-powered reconciliation, Embat enables companies to operate with greater transparency, accuracy and efficiency.