Businesses in Germany frequently use electronic banking methods, including:
Automatic payments
Automatic debits
Automatic receipts
Electronic bank statement reconciliation
To process electronic banking transactions in Germany, you must use German payment instruments and file formats.
In addition to electronic banking methods, the use of special payment terms for invoices is also a common business practice.
J.D. Edwards solutions for banking requirements in Germany include the following tasks:
Working with bank account information
Working with payment terms
Working with automatic payments
Processing automatic debits
Processing automatic receipts
Processing bank statements