Bank Hierarchy View(FIORI) & Bank Group
Hi all,
What is the purpose of Bank Hierarchy View while creating a new house bank via FIORI
Also, what is the practical use of define bank groups?
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Hi Kalika,
Similar to Cost Center/ Profit Center Hierarchy, SAP introduced Bank Hierarchy and Bank Account Groups.
With this functionality we can group similar bank accounts in Groups. Eg: All ICICI Bank Accounts can be grouped under ICICI Bank, or all the Bank accounts belonging to particular company code can be grouped under that company code.
Also Bank Account Group is used for Cash Pooling purpose as per the new functionality.
Regards, Vikram