Check payment in Israel – Legal requirement
In order to pay some local vendors (mostly taxes related but not only eg. Ministry Of Health, Taxes, Clinical trials), the only legal option in Israel is to provide check as payment method. Is this legal requirement true and correct?
• Check payment in Israel – Applicable solution
Client SAP template solution provide a functionality named "World Link" that allow the bank to print check on their behalf by raising the payment request directly from SAP. This option has been discarded as local Bank is not able to support it. In order to define the proper solution, client asked Accenture guidance on the below matters:
o Is this a problem with our client bank (CITI Bank), as they are not able to offer the right services?
o Is the issue with Israeli regulations, that someone else cannot write a check on behalf of MSD?
o How is this process normally handled in Israel? E.g Does each company write its own checks via systems or manually?
Could you please check if someone in worked on this?
In my client not following, The point is that does not want to manage the print in house
and wants to know how other companies in Israel do?