Better manage and control payments with bank communication management and SWIFT integration
Integrate your financial systems with multiple banks in the most efficient manner possible – by employing our bank communication management application and SWIFT integration package. Reduce operating costs and strengthen compliance while meeting the necessary challenges to streamline payment processes.
- Monitor bank statements for verification that banks received, booked, and reconciled payments
- Improve control and compliance over the release of payments – and increase operational efficiency
- Establish a standard, secure payment gateway with multiple banks via SWIFT integration
- Access thousands of financial institutions with a single standard payment protocol
- Get real-time payment and settlement messages with full redundancy and recovery mechanisms
- Leverage mobile technologies to approve payment batches using an SAP mobile app
Featured Resources
TeliaSonera: Automating Manual Processes
How did this telecommunications firm automate its centralized treasury services processes? It deployed SAP Bank Communication Management. Now it expects a five-year ROI of more than 400% and a payback period of one year.*
AkzoNobel: Cutting Operating Expenses
Facing the challenge of streamlining cash processing and ensuring financial transparency across two previously separate organizations, this global chemicals company deployed treasury applications from SAP with dramatic cost savings.
Enhance Business-to-Bank Communications
Learn how SAP Integration Package for SWIFT can help you consolidate communication interfaces with banks via the infrastructure of the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Enhance regulatory compliance and cut costs by improving payment automation and liquidity management.
*All implementation results are for informational purposes only and the examples provided while based on actual SAP customers' experiences do not represent commitments or guarantees by SAP and/or its partners. Actual pricing, costs, and implementation results may vary, based on customer-specific requirements and needs. The only warranties for SAP products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty.
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