MDG Central Bank Master Maintenance

Bank master files are received mostly from third-party companies such as the SWIFT/ LexisNexis with different formats and they are often called Accuity files. These files are manually loaded into the ERP/S4 HANA systems on a quarterly or monthly basis as bank changes over time ex- Mergers(old bank accounts become obsolete as changes to the local bank accounts) and new bank accounts etc. Otherwise, bank masters are manually created/updated using the SAP standard apps. Bank masters are also created while creating customer master/vendor master/one-time customer and vendor accounts by the local stewards using tcode BP, the system automatically branches to bank directory editing if you enter bank details that do not exist in the directory. Disadvantages: The disintegrated approach increases complexity and is tedious and time-consuming to maintain the bank masters in each system separately. Increases the chances of creating redundant master data. Data is missing in some systems. End-users need access and training to the different systems.