Smart IT Products

Bank Bridge product allows automatic exchange of financial transactions between SAP ERP system and Electronic Payment Systems of all major banks in the Baltic countries. We support following banks:

• No need to enter bank statement in SAP system manually
• No need to enter payments in bank system manually

• Reduces process cost

• Up to 70% of all incoming customer payments are cleared automatically

• Reduces process cost
• Improves process effectiveness

• Users spend up to 50% less time clearing incoming payments manually compared to SAP standard transactions

• Reduces process cost

• No need to develop and support custom code

• Reduces IT costs
• Shortens implementation times

• Built in rules for best practice automatic clearing Engine

• Improves process effectiveness

Function		Feature
Automatic import of the bank account statement in SAP system.		Possibility to import statement several times a day to enable credit management
Automatic export of the payments from SAP system to the bank		Supports payments to EU and non EU countries including Russia Support specific requirements for export payments defined by national banks
Automatic customer payment clearing engine		Automatic determination of the customer accounts Invoice number recognition engine Clearing by age for certain customer accounts Special user screens for manual payment clearing Automated processing of payments from company credit cards
Supports Electronic Payment Systems of all major banks in the Baltic countries		Internet bank Local PC bank software including Nordea Bridge Support for proprietary formats of each bank Latvian FidaVista Lithuanian LITAS-ESIS
Support for all electronic bank transactions		Payments from customers Payments to vendors Salary payments Currency conversion and exchange rates Company credit card Direct debit Interest received/paid Cash collectors Factoring payments Bank fees Overnight deposit
Technical information		Product is delivered in the form of ABAP repository package The product is used in SAP ERP system All SAP ERP systems starting from version 4.7 upwards are supported SAP FI-CA is supported The package includes several ‘Z’ customizing tables used to align to the customizing of the individual SAP system

VAT declaration for Latvia provides solution for generating VAT report and all appendixes in SAP system and submitting it to Latvian State Revenue Service EDS system in electronic format.

The following SRS reports can be generated in SAP system:

• PVN Deklarācija PVN taksācijas perioda deklarācija
• PVN 1-I Priekšnodoklis par iekšzemē iegādātajām precēm un saņemtajiem pakalpojumiem
• PVN 1-II Priekšnodoklis par precēm un pakalpojumiem, kas saņemti no Eiropas Savienības dalībvalstīm
• PVN 1-III Nodoklis par piegādātajām precēm un sniegtajiem pakalpojumiem
• PVN 2 Pārskats par preču piegādēm un sniegtajiem pakalpojumiem Eiropas Savienības teritorijā
• PVN 5 Brīvostu un speciālo ekonomisko zonu pielikums
• PVN 6 Kokmateriālu piegādātāju (saņēmēju) un pakalpojumu sniedzēju (saņēmēju) saraksts

Function		Feature
Different data presentation methods		All reports can be displayed in SAP ALV, exported to Microsoft Excel and saved to XML file for automatic import to LRS EDS system
Standard SAP FI-AR and FI-CA support		PVN1-III appendix will include SAP Contract Accounting module documents in addition to documents posted to the standard FI Accounts Receivable
Customer down payments		We support declaration of the customer down payments in PVN1-III appendix according to the LR VAT law "Par pievienotās vērtības nodokli" paragraph 12.1.6
Flexible customising		The report is configured to match the customization of individual customer SAP system
Upgrades		We deliver changes in the software to all customers when legislation requirements change
Technical information		Product is delivered in the form of ABAP repository package The product is used in SAP ERP system All SAP ERP systems starting from version 4.7 upwards are supported SAP FI-CA is supported The package includes several ‘Z’ customizing tables used to align to the customizing of the individual SAP system