Can anyone share the documents relating to how to set-up the MT940 Process in IFS.
Hi Sandesh - The tech docs that mention MT940 can be found here. Let me know if that’s not what you’re looking for. I’ll also tag the Academy below, should there be a course that covers this.
@Jochen Wolter - Is there a course Sandesh should check out?
Please note that there are slight variations in MT940 file template and it is again depending on the bank and the country. First you have to decide the requirement of the customer. Whether they want to use the MT940 for Bank Reconciliation or AR/AP Reconciliation. IFS Standard solution contains two built-in MT940 formats which can be used for German banking communities and AbnAmro bank Netherland. But, IFS does not provide bank reconciliation template based on MT940. If you have such a requirement, you have to built your own template.
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