Processing of external bank statements,.GL accounts to represent external cash and the IC positions.In-house cash accounts to manage intercompany positions between Treasury and OpCo’s,.In this process, we rely on a simple set of building blocks: The process where virtual accounts are managed in IHC is depicted below: ![]() It can be seen as an intercompany position subledger with a set of fancy features like POBO payment routing, bank statement allocation, arms-length intercompany interest calculations, out of the box payment and bank statement interfaces with participants (Opco’s) etcetera. SAP IHC is a module that facilitates a full suite of payment factory processes. This article investigates how SAP In-house cash (SAP IHC) module can be used to manage virtual accounts in your ERP. ![]() In the previous part of this series on ‘How to setup virtual accounts in SAP’, we delved into the details of a scenario where virtual accounts are managed on GL account level using SAP FI module only.
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