How do I change my remittance address and banking information in my SAP Business Network supplier account?

SAP Business Network

To add or edit your bank information:

1. Sign in to your SAP Business Network account.
2. In the upper-right corner of the application, click [user initials] > Company Profile.
3. Select Additional Entities.

If you do not see the correct company address that corresponds with your bank details:

1. Click on Create button.
2. Fill out all the required information marked with an asterisk (*).
3. Select Function then Remit to from the drop-down menu. Mark the checkbox Make this address default to be able to see it under Remittances as default address.
4. Click on Create.

Then follow the below steps:

1. Click Go to Remittances or navigate to your initials in the upper right corner and choose Settings and Remittances.
2. Select the radio bubble for your address and click Edit Bank Details.
3. Enter your bank account information.
4. Click OK and then click Save.

To include your remittance information in your invoices:

1. Tick the box to the left of Include Bank Account Information in invoices.
2. Click OK at the top or bottom of the page.
3. Click Save.

Note: If the option “Make this address default” is unavailable, ensure you are accessing the correct section by navigating to [user initials] > Company Profile > Additional Entities > selecting the desired address, and clicking Edit. From there, you can successfully enable “Make this address default.”.

You must be the administrator or have the Payment Profile permission to access the Remittances page.

Some customers require suppliers to include bank account details on invoices. If your customer has this rule enabled and you haven't added bank account details, you will receive an error message on the invoice.

You can add a remittance address without providing bank account information. However, if you want to provide direct deposit information to your customer, be sure to provide your bank account details in the ACH or Wire Transfer sections.

After updating your remittance information, it is suggested to contact your customer to ensure they update the information in their system.

SAP Business Network for Procurement & Supply Chain > Payments > Remittances
SAP Business Network for Procurement & Supply Chain > SAP Ariba Supply Chain Collaboration