SMART PAYMENTS - BETTER DECISIONS BANK ACCOUNT MANAGEMENT E BANK ACCOUNT MANAGEMENT BEST PRACTICES IN BANK ACCOUNT MANAGEMENT.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "SMART PAYMENTS - BETTER DECISIONS BANK ACCOUNT MANAGEMENT E BANK ACCOUNT MANAGEMENT BEST PRACTICES IN BANK ACCOUNT MANAGEMENT. www.tis."

Transcription

1 SMART PAYMENTS - BETTER DECISIONS E BANK ACCOUNT MANAGEMENT BANK ACCOUNT MANAGEMENT BEST PRACTICES IN BANK ACCOUNT MANAGEMENT

2 CONTENT 1. Introduction Corporates and the ebam Project The Market The Challenge BAM Evolution Phase 1 - Status Quo Phase 2 - Bank Account Management Phase 3 - Electronic Bank Account Management Best Practice Processes Our Model Benefits Requirements...7 Copyright 2014 Treasury Intelligence Solutions GmbH (TIS). All Rights Reserved. 1. INTRODUCTION This document aims to describe the current ebam Market Best Practice that can be achieved by using the TIS (Treasury Intelligence Solutions GmbH) cloud-based electronic Bank Account Management (ebam) platform. 2. CORPORATES AND THE EBAM PROJECT Many corporates are in need of a comprehensive tool for managing banks and bank account related information and processes. Typically, the main requirements are to have visibility and control over the bank accounts maintained globally and the ability to effectively store bank account related information and documentation, as well as centrally managing the processes on the lifecycle of this information. Furthermore, a typical requirement is for a system that corporates can use for electronic opening, closing and maintenance of bank accounts, including generation of audit reports. In the chapters to follow, TIS provides detailed information about the ebam Market Best Practice and how the TIS Bank Account Management SaaS (Software as a Service) can fully cover the requirements as well as provide further added-value services to our customers. PAGE 2

3 3. THE MARKET Corporations worldwide face tremendous challenges to cope with an ever increasing volume of information. As more and more internal governance and compliance regulations receive high-level attention, it is essential to have this information at hand, quickly and at the push of a button. Managing bank accounts is one of the main drivers that encourage CFO and Treasurers alike to minimise risks and adopt automated processes. In addition, the accounting teams that manage this data on a daily basis are often under pressure to optimise their own processes as well. Effective and structured Bank Account Management is understood to be one of the main steps Treasury Departments should take to fulfill governance and compliance regulations. In addition, by implementing a central bank account repository, both data and processes can be optimised and the performance can be measured and monitored. We are also seeing an increasing demand for banks to make use of an electronic exchange of Bank Account Management (ebam) information. ebam is based on the exchange of 15 standardised ISO XML messages, developed by SWIFT, which mainly cover the processes of opening, closing and changing bank accounts and mandates. The key advantages and acknowledged benefits in adopting an ebam solution are: Complete overview, control and management of all bank relationships, including bank accounts and their legally binding documents Compliance fulfillment through automated approval workflows for requests to open, close and change bank accounts and the respective mandates Secure processes for exchanging messages with banking partners, including a complete audit trail Complete integration with existing back-office infrastructures: ERP, TMS, HR, etc. Improved efficiency and cost reduction through automating manual processes and monitoring their performance Easy access to real-time information for strategically supporting all involved departments Recognition of the necessity for ebam has recently picked up speed in the market, especially within large corporations. The business case is now becoming fundamental at a growing number of companies across all sectors in resolving governance and compliance issues as well as minimising risk. 4. THE CHALLENGE So what is the main problem? What are the biggest challenges corporates are facing? The most painful issues can be summarised as follows: No single source of truth for all bank-related data across the entire group Non-standardised, non-transparent processes scattered across the corporation, especially regarding bank accounts, signature authorisations or limits Signatory information in e-banking tools often differs from internal data (e.g. after an employee has left the company) Risks of legally binding (paper-based) bank account documentation being stored locally at subsidiary or branch level, no central access and control over such documentation No guarantee of a strict four-eye-principle, central governance is impossible Information about a segregation of duties within each entity or across the whole organisation cannot be easily obtained globally Decentralised manual and time-consuming processes, both often non-auditable and non-compliant Exchange of information via fax, mail or courier Costly archiving, printing and posting to internal (ERP etc.) systems Different processes in many countries, based on local customs or even bank specifics No central overview of the conditions agreed upon with a bank and the actual costs that are being billed Bank account related information and documentation needs to be published in various back-end systems, usually the information is manually maintained with high effort No central governance and control over of the information distributed in the company group, including IT systems Together with the financial crisis of the recent years, this has encouraged many organisations to steer towards a professional and ideally electronic Bank Account Management strategy. (e)bam adoption often accompanies the fundamental new approach corporates must adopt in assessing financial risk today. The Status Quo graphic in Figure 1 (page 4) represents these challenges. PAGE 3

4 5. BAM EVOLUTION The evolution of a Bank Account Management can be divided into three main phases: PHASE 1 (Status Quo for majority of corporates): Manual, paper-based and non-transparent processes for managing bank accounts and mandates PHASE 2 (Bank Account Management): Implementation of a web based Software as a Service (SaaS) BAM solution to automate and streamline internal processes and make them transparent. This includes a centralised document management internally and externally, towards the banks PHASE 3 (ebam): Evolving towards an extensive ebam solution where electronic and automated workflows also used for the external communication with banks. 5.1 Phase 1 - Status Quo The manual and paper-based workflows used to communicate with the partner banks regarding bank accounts and mandates have a long and familiar history. One of the main disadvantages is that these are critically slow and error-prone processes, often leading to governance issues. They do not support today s auditing, compliance and regulatory requirements and include the use of: Microsoft Excel as a database for bank account information Inventory processes via and Excel, if existing Shared directories for document storing, spread across the enterprise /fax messages adopted as workflows for opening and closing bank accounts On top of that, these processes create enormous amounts of paper that are stored physically (and often locally). A central overview of signatory powers and bank account processes is hardly achievable (also see Chapter 4 The Challenge ) Phase 1 (Status Quo) Branches Headquarters Subsidiaries SSC Departments External Banks No single Source of Truth Manual and paperbased processes Potential compliance issues Figure 1: Phase 1 Manual Account Management PAGE 4

5 5.2 Phase 2 - Bank Account Management Introducing a web-based SaaS Bank Account Management (BAM) solution provides a clear approach to obtaining the required overview of all banks and bank accounts. Globally, this is a centralised and audit-proof solution, including accurate master data management and electronic workflow based processes for requests to open/close/change bank account activities. The main aspects are as follows: Master data and inventory ensuring an up-to-date data base with real-time access as well as the integration of bank and account related information into various backend (ERP) systems Workflow and four-eye-principle gaining control over streamlined internal processes and authorizations Insights into the process landscape allow a tight monitoring and performance analysis Reporting and audit trails adhering to internal compliance and regulatory guidelines Document Management clear overview and workflow of legally binding and account specific documentation Extensibility the solution can be extended to a full Partner Management as well as enhanced by a Bank Fee Management solution to monitor costs and processes. 5.3 Phase 3 - Electronic Bank Account Management By moving towards an ebam solution, additional benefits can be achieved. The main added-value is a straight-through-process (STP) with participating banks. A set of 15 standardized ISO XML messages can be exchanged on an ebam platform to cover all main bank account and mandate workflow (opening, changing, closing, confirming). In addition to the advantages of phase 2 this enables corporates to also streamline and automate the external communication with their banks. The painful and laborintensive paper-based workflow is substituted by electronic communication. Currently, this only works for existing corporate-to-bank relations. The Know-Your-Customer (KYC) process at the beginning of a relationship cannot be accomplished electronically yet. The key ebam benefits are described in chapter 6 Best Practice Processes. Phase 2 Phase 3 (next step) Headquarters SSC Headquarters SSC Branches Subsidiaries Departments Branches Subsidiaries Departments Workflow & Inventory Reporting & Audit Trails Document Management Master Data & Extensibility Workflow & Inventory Reporting & Audit Trails Document Management Master Data & Extensibility ebam Connectivity External Banks External Banks Central repository Audit-proof, streamlined internal processes Semi-automated workflows externally Fully automated processes both internally and externally (with participating banks) Figure 2: Phase 2 Bank Account Management (BAM) Figure 3: Phase 3 electronic Bank Account Management (ebam) PAGE 5

6 6. BEST PRACTICE PROCESSES In our view and based on customer feedback, the new TIS ebam solution (as shown below in figure 2) currently represents the best practice in the market. 6.1 OUR MODEL The TIS model is based on key elements that are part of efficient, low-risk business workflows also embedding current regulatory requirements. Bank accounts can be managed globally, regionally or on division/entity level, with a clear segregation of duties and a customisable notification/alerting functionality: Best Practice Governance Processes Master Data & Inventory Electronic business workflows provide an overview of group-wide requests for opening, changing or closing bank accounts, keeping all master data up to date in a central repository. This also enables real-time access to any related information at the push of a button. All information is made centrally available and integrated with various back-end (ERP) system which require information, such as account data, authorisation rights and daily limits. Integration Centralisation of information, documents and processes delivers great benefits; however, ebam reaches its full potential if all the information can be integrated with the various business systems used in the company, such as ERP or treasury systems. These systems usually depend on or even are the source of the information, which is centrally managed. The integration also facilitates the decentralised maintenance and usage of information and at the same, enables complete central governance. Integration scenarios include central approval of accounts which are created within the ERP systems, distribution of signature authorisations or limits as well as account data. Certified integration capabilities, such as offered by TIS (e.g. SAP certification), ensure that the functionality meets the quality requirements of the vendors and compatibility of the integration scenarios with new releases. Treasury Subsidiary Subsidiary Subsidiary Connected Companies While workflows can be automated and delegated to the responsible employees, the solution provides a constant overview of the master data and user permissions on a central level. With the electronic and customisable inventory process local or entity managers can be obligated to confirm the accuracy of the relevant data. Workflow & Inventory Document Management Reporting & Audit Trails Master Data & Extensibility Centrally Managed Authorisations Workflow & Authorisation All relevant bank account processes, including authorised signatory details, can be confirmed and monitored in an audit-proof, compliant and customisable way, including a four-eye principle. By guiding and enforcing the approval and change management processes for bank-and account data, internal audit requirements are also met. Levels of restrictions, signature cards, digitalised signatures and credentials, legally binding country- and bank-specific documentation are all managed and securely stored in a central repository. ebam Standardized XML messages Account Opening Request Account Request Acknowledgement Account Request Acknowledgement Account Report etc. Host-to-host & SWIFT External Banks Fully automated processes both internally and externally (with participating banks) Figure 4: Electronic, automated internal and external processes with ebam PAGE 6

7 6.2 BENEFITS The ebam advantages meet all challenges outlined in chapter 4. This best practice approach can be summarised as follows: Automated, flexible and consistent STP processes for opening, maintenance and closure of bank accounts, providing clear global visibility, accurate accountability Audit-proof and highly secure, ISO compliant and ISO certified processes, providing a real-time alerting functionality allowing for timely responses to any issues Rapid access to up-to-date master data bank (account) information including mandates globally and groupwide, enabling efficient workflows across the entire organisation Exchange of standardised ISO XML message with the relevant banks Complete integration with existing back-office infrastructures is possible Fulfillment of both internal and external audit and regulatory requirements Enabling the Treasury Department to delegate processes in an audit-proof manner and monitor them centrally. This also frees up time to focus on more strategic topics Reduced complexity and increased process automation on all levels lead to significant cost savings across the group 6.3 REQUIREMENTS Regarding an ebam implementation strategy, we recommend that some key elements are taken into consideration in order to realise a flexible and customisable multi-bank and multichannel integration: Define ebam in the context of a group-wide bank and bank account strategy, taking advantage of trusted expertise on best practice project implementation. Ensure a strong partnership between the involved parties: corporate, banks and solution provider. Project management and subject matter expertise: having the right level of expertise at the table in aiding the management of the ebam Project Erol Bozak, graduate in Computer Science and MBA, is co-founder and CTO of TIS, and is responsible for research and development. Previously, he was Director & Program Manager Cloud Solution Management at SAP AG. He has extensive experience in the development of management systems, including virtualisation and cloud computing. He holds various national and international patents in these areas. Get connected with Erol Bozak: Treasury Intelligence Solutions Smart Payments, Better Decisions TIS is the leading cloud platform for managing corporate payments, liquidity and banking relationships worldwide. TIS enable companies to make more efficient, more secure and more cost-effective payment transactions. In addition, TIS enables customers to make better decisions when analysing financial and operational performance based on real-time payment flows. All mission-critical processes related to payment transactions are integrated into a multibank-capable, audit-proof cloud platform. This is a single point of contact for enterprise customers when managing and analysing their payment flows across the organisation. TIS take care of managing various payment formats, communication channels with banks, and ERP-agnostic integration. Offered as Software as a Service (SaaS), the ISO certified TIS solutions are quickly up and running without the complexity and cost of a long IT project. PAGE 7

8 TREASURY INTELLIGENCE SOLUTIONS GMBH Industriestraße 39c Walldorf T F NOTICE This Documentation is being made available to the extent that receipt and acceptance limits its use to the purpose stated and that the information contained herein is maintained on a confidential basis without disclosure to third parties. All parties accepting this material thereby agree not to reproduce, copy, or otherwise distribute to others this information without the express written consent. DISCLAIMER The screens and illustrations are representative of those created by the software, and are not always exact copies of what appears on the computer monitor. Companies, names, and data used in examples herein are fictitious unless otherwise noted. The material in this document is for information only, and is subject to change without notice. TIS reserve the right to make changes in the product design and installation software without reservation and without notification to its users.

5 POINTS TO CONSIDER WHEN CHOOSING YOUR PAYMENT SYSTEM

5 POINTS TO CONSIDER WHEN CHOOSING YOUR PAYMENT SYSTEM G R E AT E R T R A N S PA R E N C Y, R E D U C E D R I S K S A N D O N E M I L L I O N E U R O S AV I N G S P E R Y E A R 5 POINTS TO CONSIDER WHEN CHOOSING YOUR PAYMENT SYSTEM The payment processes in

More information

The successful introduction of a payment factory

The successful introduction of a payment factory Global Transaction Banking The successful introduction of a payment factory Implementing integration solutions based on best-practice components The purpose of this white paper The white papers published

More information

Electronic Bank Account Management - EBAM

Electronic Bank Account Management - EBAM Electronic Bank Account Management - EBAM This guide provides an overview of s EBAM offering. It includes a definition of the scope of the offering as well as a high level description of its building blocks.

More information

Search. Innovative MyStandards technology from SWIFT fast tracks ISO 20022 onboarding

Search. Innovative MyStandards technology from SWIFT fast tracks ISO 20022 onboarding Innovative MyStandards technology from SWIFT fast tracks ISO 20022 onboarding Innovative MyStandards technology from SWIFT fast tracks ISO 20022 onboarding Barclays and Navigators Insurance realise the

More information

Mastering Complex Change and Risk through Smarter Engineering Collaboration

Mastering Complex Change and Risk through Smarter Engineering Collaboration Mastering Complex Change and Risk through Smarter Engineering Collaboration January 2010 Mastering Complex Change and Risk through Smarter Engineering Collaboration Page 2 With explosive population growth,

More information

Minimize Access Risk and Prevent Fraud With SAP Access Control

Minimize Access Risk and Prevent Fraud With SAP Access Control SAP Solution in Detail SAP Solutions for Governance, Risk, and Compliance SAP Access Control Minimize Access Risk and Prevent Fraud With SAP Access Control Table of Contents 3 Quick Facts 4 The Access

More information

Transform Invoice Management with a Hybrid of Cloud and On-Premise Software

Transform Invoice Management with a Hybrid of Cloud and On-Premise Software SAP Brief SAP Business Suite SAP Invoice Management Objectives Transform Invoice Management with a Hybrid of Cloud and On-Premise Software Achieve a higher level of performance Achieve a higher level of

More information

Oracle Role Manager. An Oracle White Paper Updated June 2009

Oracle Role Manager. An Oracle White Paper Updated June 2009 Oracle Role Manager An Oracle White Paper Updated June 2009 Oracle Role Manager Introduction... 3 Key Benefits... 3 Features... 5 Enterprise Role Lifecycle Management... 5 Organization and Relationship

More information

Electronic bank account management: Getting ahead, getting started

Electronic bank account management: Getting ahead, getting started White paper Electronic bank account management: Getting ahead, getting started Abstract Electronic Bank Account Management (ebam) has made great strides since it was first introduced in the early 2000s.

More information

Bank Account Management

Bank Account Management Asia Pacific Treasury Management Barometer 2013 Paving the way for BAM As global corporations increasingly expand into Asia to tap into future growth opportunities, attitudes towards the role of treasury

More information

Siemens uses CA Clarity PPM for project management of R&D for wind, solar and hydro solutions

Siemens uses CA Clarity PPM for project management of R&D for wind, solar and hydro solutions CUSTOMER SUCCESS STORY Siemens uses CA Clarity PPM for project management of R&D for wind, solar and hydro solutions CLIENT PROFILE Industry: Energy Company: Siemens AG Employees: 82,000 Revenue: Siemens

More information

Business-Driven, Compliant Identity Management

Business-Driven, Compliant Identity Management Solution in Detail NetWeaver NetWeaver Identity Business-Driven, Compliant Identity Using NetWeaver Identity Managing users in heterogeneous IT landscapes presents many challenges for organizations. System

More information

Automate Complex Pay Rules While Streamlining Time and Attendance Management

Automate Complex Pay Rules While Streamlining Time and Attendance Management SAP Brief SAP Extensions SAP Time and Attendance Management by WorkForce Software Objectives Automate Complex Pay Rules While Streamlining Time and Attendance Management Gaining real-time insights to help

More information

ebam The time is now.

ebam The time is now. ebam The time is now. BEST PRACTICES ebam didn t start as a wiz technology thing. People had a pain. For so long we lived with a manual arcane process. Moving away from it is like moving from papyrus to

More information

SWIFT Certified Application for Corporates - Trade and Supply Chain Finance

SWIFT Certified Application for Corporates - Trade and Supply Chain Finance Service Partner Programme SWIFT Certified Application for Corporates - Trade and Supply Chain Finance Label Criteria 2016 This document explains the business criteria required to obtain the SWIFT Certified

More information

Business-Driven, Compliant Identity Management

Business-Driven, Compliant Identity Management SAP Solution in Detail SAP NetWeaver SAP Identity Management Business-Driven, Compliant Identity Management Table of Contents 3 Quick Facts 4 Business Challenges: Managing Costs, Process Change, and Compliance

More information

SAP Travel OnDemand Solution An Easier Way to Travel

SAP Travel OnDemand Solution An Easier Way to Travel SAP Brief SAP Travel OnDemand Objectives SAP Travel OnDemand An Easier Way to Travel Focus on your business while controlling travel costs Focus on your business while controlling travel costs With the

More information

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services

Payment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services Payment Factories: different ways of achieving payment efficiency Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services The term Payment Factory is becoming increasingly talked about

More information

Accounts Payable. Survey: The Impact of Invoice Automation on Financial Performance INVOICE

Accounts Payable. Survey: The Impact of Invoice Automation on Financial Performance INVOICE Accounts Payable Survey: The Impact of Invoice Automation on Financial Performance INVOICE Contents 3 4 Business Context Research Preview 5-6 Research Insights 7 The Pain Points in Invoice Automation 8

More information

Product Lifecycle Management in the Medical Device Industry. An Oracle White Paper Updated January 2008

Product Lifecycle Management in the Medical Device Industry. An Oracle White Paper Updated January 2008 Product Lifecycle Management in the Medical Device Industry An Oracle White Paper Updated January 2008 Product Lifecycle Management in the Medical Device Industry PLM technology ensures FDA compliance

More information

Managing Records in SharePoint

Managing Records in SharePoint Managing Records in SharePoint Notice This document contains confidential and trade secret information of RecordPoint Software ( RPS ). RecordPoint Software has prepared this document for use solely with

More information

Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing.

Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing. Whitepaper Accounts Payable Automation: Top 9 Reasons to Automate: The Essential Guide to Why Your Business Needs to Automate its Invoice Processing. June 2014 Overview Reducing costs, improving performance,

More information

ebam: the automated future of corporate banking

ebam: the automated future of corporate banking WHITE PAPER ebam: the automated future of corporate banking Includes insights from an ebam pilot with Swift and BNY Mellon ebam: the automated future OF corporate banking PAGE 2 OF 8 Edition 1 Welcome

More information

One for All How Companies Can Benefit from the Standardised ISO 20022 CGI Format for Global Payments

One for All How Companies Can Benefit from the Standardised ISO 20022 CGI Format for Global Payments One for All How Companies Can Benefit from the Standardised ISO 20022 CGI Format for Global Payments November 2013 by Thomas Keim, Senior Consultant, Hanse Orga The standardised ISO 20022 CGI message format

More information

BUSINESS JUSTIFICATION

BUSINESS JUSTIFICATION BUSINESS JUSTIFICATION FOR THE DEVELOPMENT OF NEW UNIFI (ISO 20022) FINANCIAL REPOSITORY ITEMS A. Name of the request: Bank Account Management (BAM) B. Submitting organization(s): S.W.I.F.T. scrl Standards

More information

Solutions overview. Inspiring talent management. Solutions insight. Inspiring talent management

Solutions overview. Inspiring talent management. Solutions insight. Inspiring talent management Solutions overview Inspiring talent management Solutions insight Inspiring talent management Inspiring talent management Intuitive technology that people love to use Lumesse is the only global company

More information

SWIFT and Electronic Bank Account Management. The Post It Note System is Passé. Consultants in Treasury

SWIFT and Electronic Bank Account Management. The Post It Note System is Passé. Consultants in Treasury Consultants in Treasury Written by: Ric Thompson Sr. Technology Analyst Leader Treasury Technology Practice Reprinted from Treasury Update V o l u m e 4, I s s u e 1 Spring/Summer 2010 In August 2009,

More information

TRANSFORM YOUR FINANCIAL PROCESSES. Efficiently capture, share and communicate information seamlessly across the business.

TRANSFORM YOUR FINANCIAL PROCESSES. Efficiently capture, share and communicate information seamlessly across the business. TRANSFORM YOUR FINANCIAL PROCESSES Efficiently capture, share and communicate information seamlessly across the business. Meeting today s Information Management challenges Today, information can be your

More information

Business Process Management & Workflow Solutions

Business Process Management & Workflow Solutions Business Process Management & Workflow Solutions Connecting People to Process, Data & Activities TouchstoneBPM enables organisations of all proportions, in a multitude of disciplines, the capability to

More information

Solutions Pocket Book for Touchstone

Solutions Pocket Book for Touchstone Solutions Pocket Book for Touchstone Solutions at a glance EASY Documents This popular workflow solution features a direct integration with Microsoft Visio to simply map any process to deliver a fast result.

More information

Managing Mobile Devices in a Device-Agnostic World Finding and Enforcing a Policy That Makes Business Sense

Managing Mobile Devices in a Device-Agnostic World Finding and Enforcing a Policy That Makes Business Sense SAP White Paper SAP Partner Organization Mobile Device Management Managing Mobile Devices in a Device-Agnostic World Finding and Enforcing a Policy That Makes Business Sense Table of Content 4 Mobile Device

More information

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable Ebook Table of Contents Introduction #1 Improve Monitoring of Invoices #2 Improve Visibility & Control #3 Faster

More information

SWIFTReady for Corporates Cash Management

SWIFTReady for Corporates Cash Management Service Partners SWIFTReady for Corporates Cash Management Label Criteria 2012 This document explains the business criteria needed to obtain the SWIFTReady for Corporates Cash Management label, aimed at

More information

Speed Business and Delight Customers with Signature Management

Speed Business and Delight Customers with Signature Management SAP Brief SAP Extensions SAP Signature Management by DocuSign Objectives Speed Business and Delight Customers with Signature Management Taking transactions to the cloud for speed and transparency Taking

More information

Xerox in Financial Services

Xerox in Financial Services Xerox in Financial Whether it s through document management or a number of outsourcing services, we can help Financial companies meet their unique business challenges in new ways with measurable results.

More information

Compliance & SAP Security. Secure SAP applications based on state-of-the-art user & system concepts. Driving value with IT

Compliance & SAP Security. Secure SAP applications based on state-of-the-art user & system concepts. Driving value with IT Compliance & SAP Security Secure SAP applications based on state-of-the-art user & system concepts Driving value with IT BO Access Control Authorization Workflow Central User Management Encryption Data

More information

Case Management powered by Microsoft Dynamics CRM

Case Management powered by Microsoft Dynamics CRM - From case capture to resolution powered by Microsoft Dynamics CRM CasePoint is a Solution that combines the best of the Microsoft Dynamics CRM with purpose-built functionality to deliver complete case

More information

SEPA as a driver for streamlining receivables

SEPA as a driver for streamlining receivables SEPA 2.0: Opportunities and challenges after the end-date by Luca Poletto, BNP Paribas Five years after the go-live date of the first Single Euro Payments Area (SEPA) instrument, we are in the last sprint

More information

<workers> Online Claims and Injury Management

<workers> Online Claims and Injury Management Global Resources... Local Knowledge With over 30 years experience in workers compensation, our claims management systems have been adopted by Self-Insured Organisations, Third Party Administrators and

More information

Digital Document Processing

Digital Document Processing Digital Document Processing Digital Document Processing A well-planned, centralised and efficient system for managing physical and electronic documents can significantly speed up business processes, enhance

More information

Liquidity management with clockwork precision

Liquidity management with clockwork precision Liquidity management with clockwork precision Cash management and payments Corporate Banking Efficient management of accounts and cash flows Professional management of accounts and cash flows is a key

More information

New Regulations and Mortgage Document Management: What it Means for Mortgage Servicers

New Regulations and Mortgage Document Management: What it Means for Mortgage Servicers New Regulations and Mortgage Document Management: What it Means for Mortgage Servicers CT Representation Services New Regulations and Mortgage Document Management: What it Means for Mortgage Servicers

More information

Treasury and Financial Risk Management

Treasury and Financial Risk Management Solution in Detail Finance Executive Summary Treasury and Financial Risk All rights reserved Managing Treasury and Financial Risk Treasury and Risk Insight and Control With the advent of the economic crisis,

More information

Process Control Optimisation with SAP

Process Control Optimisation with SAP Process Control Optimisation with SAP The procure-to-pay cycle, which includes all activities from the procurement of goods and services to receiving invoices and paying vendors, is a basic business process.

More information

How much do you pay for your PKI solution?

How much do you pay for your PKI solution? Information Paper Understand the total cost of your PKI How much do you pay for your PKI? A closer look into the real costs associated with building and running your own Public Key Infrastructure and 3SKey.

More information

RECORDS MANAGEMENT RECORDS MANAGEMENT SERVICES. Cost-Effective, Legally Defensible Records Management

RECORDS MANAGEMENT RECORDS MANAGEMENT SERVICES. Cost-Effective, Legally Defensible Records Management RECORDS MANAGEMENT RECORDS MANAGEMENT SERVICES Cost-Effective, Legally Defensible Records Management Does This Sound Familiar? A data breach could send our share price tumbling. I need to minimise our

More information

BUSINESS-DRIVEN, COMPLIANT IDENTITY MANAGEMENT USING SAP NetWeaver IDENTITY MANAGEMENT

BUSINESS-DRIVEN, COMPLIANT IDENTITY MANAGEMENT USING SAP NetWeaver IDENTITY MANAGEMENT Solution in Detail NetWeaver BUSINESS-DRIVEN, COMPLIANT IDENTITY MANAGEMENT USING NetWeaver IDENTITY MANAGEMENT Identity management today presents organizations with a host of challenges. System landscapes

More information

SAP Solution Overview: SAP Cloud for Travel and Expense An Easier Way to Travel

SAP Solution Overview: SAP Cloud for Travel and Expense An Easier Way to Travel : An Easier Way to Travel Table of Contents Overview...1 Solutions... 2 Benefits... 8 Quick Facts... 11 1 Overview: Focus on your business while controlling travel costs. With the increasing cost of business

More information

PROACTIVE ASSET MANAGEMENT

PROACTIVE ASSET MANAGEMENT PROACTIVE ASSET MANAGEMENT A pathway to optimized reliability and world-class business performance Oracle Utilities Work and Asset Management 2 Effective work and asset management ensures mission-critical

More information

Disclosure of Drug Promotion Expenses: The Importance of Master Data Management and Considerations for Choosing a Reporting Solution

Disclosure of Drug Promotion Expenses: The Importance of Master Data Management and Considerations for Choosing a Reporting Solution Disclosure of Drug Promotion Expenses: The Importance of Master Data Management and Considerations for Choosing a Reporting Solution April 2010 This document contains information specific to Cegedim Dendrite

More information

Master Data Governance Find Out How SAP Business Suite powered by SAP HANA Delivers Business Value in Real Time

Master Data Governance Find Out How SAP Business Suite powered by SAP HANA Delivers Business Value in Real Time Master Data Governance Find Out How SAP Business Suite powered by SAP HANA Delivers Business Value in Real Time Disclaimer This document is not subject to your license agreement or any other service or

More information

Improve Business Efficiency by Automating Intercompany Transactions

Improve Business Efficiency by Automating Intercompany Transactions SAP Brief SAP s for Small Businesses and Midsize Companies SAP Business One Objectives Improve Business Efficiency by Automating Intercompany Transactions Streamlined intercompany transactions and integration

More information

PROCURE-TO-PAY TRANSFORMATION FOR CFOs. Achieving Control, Visibility & Cost Savings.

PROCURE-TO-PAY TRANSFORMATION FOR CFOs. Achieving Control, Visibility & Cost Savings. PROCURE-TO-PAY TRANSFORMATION FOR CFOs Achieving Control, Visibility & Cost Savings. Table of Contents Introduction...3 Driving up the Cost of the Procure-to-Pay Cycle...4 5 Ways to Cut Procure-to-Pay

More information

Industry Solutions Process Manufacturing Flexible and Agile Engineering Document Control for Efficient, Safe and Compliant Plants

Industry Solutions Process Manufacturing Flexible and Agile Engineering Document Control for Efficient, Safe and Compliant Plants Industry Solutions Process Manufacturing Flexible and Agile Engineering Document Control for Efficient, Safe and Compliant Plants Industry Solutions Key Challenges Facing Process Manufacturing High energy

More information

Integrated global treasury management

Integrated global treasury management FusionBanking KTP Software overview Integrated global treasury management Unifying treasury operations to optimise cashflow We needed to put in place a global solution to manage cash positions resulting

More information

SOLUTION BRIEF: CA IT ASSET MANAGER. How can I reduce IT asset costs to address my organization s budget pressures?

SOLUTION BRIEF: CA IT ASSET MANAGER. How can I reduce IT asset costs to address my organization s budget pressures? SOLUTION BRIEF: CA IT ASSET MANAGER How can I reduce IT asset costs to address my organization s budget pressures? CA IT Asset Manager helps you optimize your IT investments and avoid overspending by enabling

More information

Business Process Management (BPM) Software

Business Process Management (BPM) Software FlowCentric Processware 2013 FlowCentric Business Process Management (BPM) Software and Services enable organisations of all proportions, in a multitude of industries, to satisfy and often exceed their

More information

ACCOUNTS PAYABLE AUTOMATION FOR SAP

ACCOUNTS PAYABLE AUTOMATION FOR SAP ebook: Accounts Payable ACCOUNTS PAYABLE AUTOMATION FOR SAP How Adding AP Workflow Automation to Vendor Invoice Processing Can Make Your AP Operation Best-in-Class Accounts Payable Automation for SAP 2

More information

HEALTHCARE SOLUTION YOUR INNOVATIVE HEALTHCARE PARTNER

HEALTHCARE SOLUTION YOUR INNOVATIVE HEALTHCARE PARTNER HEALTHCARE SOLUTION YOUR INNOVATIVE HEALTHCARE PARTNER At Konica Minolta, we understand the need for quality patient care and clinical confidence. That s why our Healthcare Solution is a total offering

More information

Welcome to Modulo Risk Manager Next Generation. Solutions for GRC

Welcome to Modulo Risk Manager Next Generation. Solutions for GRC Welcome to Modulo Risk Manager Next Generation Solutions for GRC THE COMPLETE SOLUTION FOR GRC MANAGEMENT GRC MANAGEMENT AUTOMATION EASILY IDENTIFY AND ADDRESS RISK AND COMPLIANCE GAPS INTEGRATED GRC SOLUTIONS

More information

A Technology Infrastructure for Standards Consortia

A Technology Infrastructure for Standards Consortia A Technology Infrastructure for Standards Consortia Applying Best Practices Introduction The technology industry has come to rely heavily on open standards to bring innovation to market. The industry has

More information

Increase Business Velocity with Connected, Insightful, Cloud-Based Software

Increase Business Velocity with Connected, Insightful, Cloud-Based Software SAP Brief SAP s for Small Businesses and Midsize Companies SAP Business ByDesign Objectives Increase Business Velocity with Connected, Insightful, Cloud-Based Software Integrated, cloud software that s

More information

PageScope Enterprise Suite 3.0

PageScope Enterprise Suite 3.0 PageScope Enterprise Suite 3.0 Categories Modules Device Management Output Management User & Cost Management PageScope Net Care Device Manager PageScope Account Manager PageScope Authentication Manager

More information

The Challenges of Administering Active Directory

The Challenges of Administering Active Directory The Challenges of Administering Active Directory As Active Directory s role in the enterprise has drastically increased, so has the need to secure the data it stores and to which it enables access. The

More information

Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll

Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll ADP STREAMLINE SM Enabling Agile, Efficient and Reliable Global HCM Through Integrated Payroll HR. Payroll. Benefits. Complex legal and tax mazes, cultural differences and labor laws - the complexity of

More information

Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape

Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape SAP Brief SAP Extensions SAP Invoice Management by OpenText Objectives Get Invoice Processing That s Ready for the Digital Economy and Your IT Landscape Get ready for a new approach to invoice processing

More information

Cordys Business Operations Platform

Cordys Business Operations Platform SERVICE DEFINITION Cordys Business Operations GCloud IV - PaaS Copyright 2012 Cordys B.V. All rights reserved. Table of Content Cordys Business Operations... 1 Table of Content... 2 Introduction... 4 Document

More information

SHORT WHITE PAPER ERP AND INTELLIGENT DOCUMENT CREATION: AN INTEGRATION STORY NOVEMBER 2011 INTELLEDOX WHITE PAPER PAGE 1 OF 5

SHORT WHITE PAPER ERP AND INTELLIGENT DOCUMENT CREATION: AN INTEGRATION STORY NOVEMBER 2011 INTELLEDOX WHITE PAPER PAGE 1 OF 5 ERP AND INTELLIGENT DOCUMENT CREATION: NOVEMBER 2011 WHITE PAPER 1 OF 5 AGILE MARKETING: HOW TO CHANGE THE GAME .COM Business Process and re-engineering Enhanced functionality, raised productivity, and

More information

Supply Chain Management Build Connections

Supply Chain Management Build Connections Build Connections Enabling a business in manufacturing Building High-Value Connections with Partners and Suppliers Build Connections Is your supply chain responsive, adaptive, agile, and efficient? How

More information

Streamline Processes and Gain Business Insights in the Cloud

Streamline Processes and Gain Business Insights in the Cloud SAP Brief SAP s for Small Businesses and Midsize Companies SAP Business One Cloud Objectives Streamline Processes and Gain Business Insights in the Cloud Drive profitable growth affordably and without

More information

Enterprise Resource Planning

Enterprise Resource Planning IBM Global Business Services ERP Enterprise Resource Planning Solutions from IBM Global Business Services Do people across your organisation have easy access to the up-to-date information they need to

More information

Contents of This Paper

Contents of This Paper Contents of This Paper Overview Key Functional Areas of SharePoint Where Varonis Helps And How A Project Plan for SharePoint with Varonis Overview The purpose of this document is to explain the complementary

More information

Solution Summary: Payments centralisation

Solution Summary: Payments centralisation Solution Summary: Payments centralisation Companies of all sizes, across a wide range of industries, profiles and geographies are increasingly seeking to centralise business support functions such as finance,

More information

Genesis Energy delivers IT projects faster with standardised processes and CA Clarity PPM.

Genesis Energy delivers IT projects faster with standardised processes and CA Clarity PPM. CUSTOMER TECHNICAL BRIEF: CREATING A CENTRALISED MATURITY MODEL FOR PROJECT AND RESOURCE MANAGEMENT Genesis Energy delivers IT projects faster with standardised processes and CA Clarity PPM. Table of Contents

More information

Global Marketing Logistics. We deliver marketing efficiency. Worldwide.

Global Marketing Logistics. We deliver marketing efficiency. Worldwide. Global Marketing Logistics We deliver marketing efficiency. Worldwide. The old saying think globally, act locally gets a new dimension. We deliver marketing efficiency. Worldwide. Make more of your budget.

More information

Operational and Strategic Benefits in Automating Accounts Payable

Operational and Strategic Benefits in Automating Accounts Payable Operational and Strategic Benefits in Automating Accounts Payable REVISED 9/12 Published April 2013. Copyright 2013 by The Institute of Financial Operations All rights reserved. Reproduction or transmission

More information

The biggest challenges of Life Sciences companies today. Comply or Perish: Maintaining 21 CFR Part 11 Compliance

The biggest challenges of Life Sciences companies today. Comply or Perish: Maintaining 21 CFR Part 11 Compliance S E P T E M B E R 2 0 1 3 Comply or Perish: The biggest challenges of Life Sciences companies today are maintaining a robust product pipeline and reducing time to market while complying with an increasing

More information

Sage X3 for Food & Beverage

Sage X3 for Food & Beverage Sage X3 for Food & Beverage for Food & Beverage Adopt a faster, simpler, more flexible solution with full business and HRM capabilities. Sage X3 provides the next generation of business solutions for your

More information

Quality Management System

Quality Management System Quality Management System Applied Principles, Provides your business with a modular set of business applications, providing your business with easy to use, customisable Document Management, Policy Control,

More information

Protective Marking for UK Government

Protective Marking for UK Government Protective Marking for UK Government WHITE PAPER Contents Introduction 3 Regulatory Requirements 3 Government Protective Marking System (GPMS) 3 The Value Beyond Regulatory Requirements 4 Leveraging Other

More information

SWITCH ON THINK BUYERS. All procurement transactions in one system

SWITCH ON THINK BUYERS. All procurement transactions in one system SWITCH ON THINK BUYERS All procurement transactions in one system INTRODUCTION At think we believe in challenging the status quo and that doing business should be simple. An organisation s employees are

More information

Extending Dynamics CRM with BPM processes using PNMsoft s Sequence Kinetics TM

Extending Dynamics CRM with BPM processes using PNMsoft s Sequence Kinetics TM Extending Dynamics CRM with BPM processes using PNMsoft s Sequence Kinetics TM Sequence Kinetics BPM Suite for Dynamics CRM Sequence Kinetics for Microsoft Dynamics CRM is a Intelligent BPMS (Business

More information

Request for Information Integrated Portfolio, Project & Management Information System Technical Assistance Unit RFI: TAU/01

Request for Information Integrated Portfolio, Project & Management Information System Technical Assistance Unit RFI: TAU/01 Integrated Portfolio, Project & Management Information System Technical Assistance Unit RFI: TAU/01 TABLE OF CONTENT 1 Disclaimer... 4 2 Purpose... 4 3 Background... 4 4 Specific Objectives of this Document...

More information

SWIFT for Corporates: Making the Business Case

SWIFT for Corporates: Making the Business Case SWIFT for Corporates: Making the Business Case Vince Bahl, Vice President of Systems Engineering Bottomline Technologies David Levine, Director of Product Marketing Bottomline Technologies 2 Access to

More information

Chaos to Clarity. Why Strategic CFO s Demand AP Automation 43% 55% 75% Written by Bottomline Technologies

Chaos to Clarity. Why Strategic CFO s Demand AP Automation 43% 55% 75% Written by Bottomline Technologies Chaos to Clarity Why Strategic CFO s Demand AP Automation 55% 43% 75% Written by Bottomline Technologies Chaos to Clarity Why Strategic CFO s Demand AP Automation What s at the top of the modern CFO s

More information

Moving from Paper to Electronic Records: Hardwiring Compliance into Product Development Using technology to incorporate quality system regulation

Moving from Paper to Electronic Records: Hardwiring Compliance into Product Development Using technology to incorporate quality system regulation P T C. c o m White Paper Medical Devices Page 1 of 8 Moving from Paper to Electronic Records: Hardwiring Compliance into Product Development Using technology to incorporate quality system regulation Abstract

More information

Getting Smart About Revenue Recognition and Lease Accounting

Getting Smart About Revenue Recognition and Lease Accounting SAP Thought Leadership Paper Revenue Recognition and Lease Accounting Getting Smart About Revenue Recognition and Lease Accounting What the Rule Changes Mean for Your Business Table of Contents 4 New Rules

More information

Vermont Enterprise Architecture Framework (VEAF) Master Data Management Design

Vermont Enterprise Architecture Framework (VEAF) Master Data Management Design Vermont Enterprise Architecture Framework (VEAF) Master Data Management Design EA APPROVALS Approving Authority: REVISION HISTORY Version Date Organization/Point

More information

Next generation Managed Print Services.

Next generation Managed Print Services. WHITEPAPER Next generation Managed Print Services. Managed Print Services (MPS) are evolving from focusing on printers to people and workfl ows. Beyond expectation. www.azzurricommunications.co.uk What

More information

Finding Nirvana in AP Automation and Outsourcing

Finding Nirvana in AP Automation and Outsourcing WHITE PAPER Finding Nirvana in AP Automation and Outsourcing Gaining Control By Letting Go Nirvana: Joy, freedom from pain and worry an end to suffering. Suffering is something with which many Accounts

More information

How can Identity and Access Management help me to improve compliance and drive business performance?

How can Identity and Access Management help me to improve compliance and drive business performance? SOLUTION BRIEF: IDENTITY AND ACCESS MANAGEMENT (IAM) How can Identity and Access Management help me to improve compliance and drive business performance? CA Identity and Access Management automates the

More information

Benefits of an Electronic Validation Lifecycle Management System in the Corporate Validation Process Validation Cycle Time and Cost Perspective

Benefits of an Electronic Validation Lifecycle Management System in the Corporate Validation Process Validation Cycle Time and Cost Perspective Benefits of an Electronic Validation Lifecycle Management System in the Corporate Validation Process Validation Cycle Time and Cost Perspective PDA awarded ValGenesis the New Innovative Technology award

More information

The Challenges of Administering Active Directory

The Challenges of Administering Active Directory The Challenges of Administering Active Directory As Active Directory s role in the enterprise has drastically increased, so has the need to secure the data it stores and to which it enables access. The

More information

15QUESTIONS. Questions to ask when choosing an AP automation solution provider ACCOUNTS PAYABLE BUYER S GUIDE. www.apondemand.com

15QUESTIONS. Questions to ask when choosing an AP automation solution provider ACCOUNTS PAYABLE BUYER S GUIDE. www.apondemand.com 15QUESTIONS ACCOUNTS PAYABLE BUYER S GUIDE Questions to ask when choosing an AP automation solution provider www.apondemand.com Looking to automate your Accounts Payable (AP) process, but not sure which

More information

Making Every Project Business a Best-Run Business

Making Every Project Business a Best-Run Business SAP Functions in Detail SAP Business Suite SAP Commercial Project Management Making Every Project Business a Best-Run Business Table of Contents 3 Quick Facts 4 Facilitating Optimal Project Delivery for

More information

eeye Digital Security and ECSC Ltd Whitepaper

eeye Digital Security and ECSC Ltd Whitepaper Attaining BS7799 Compliance with Retina Vulnerability Assessment Technology Information Security Risk Assessments For more information about eeye s Enterprise Vulnerability Assessment and Remediation Management

More information

ORACLE AGILE PLM FOR THE MEDICAL DEVICE INDUSTRY

ORACLE AGILE PLM FOR THE MEDICAL DEVICE INDUSTRY ORACLE AGILE PLM FOR THE MEDICAL DEVICE INDUSTRY Enterprise PLM is a strategic approach to managing the lifecycle of a product throughout its full value chain: from initial requirements gathering through

More information

SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES

SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES CONTENTS 3 Study Scope 3 Respondent profile 4 Key Findings 5 Structure 5 A global

More information

Information paper. Best Practice for Successful Implementation of ISO 20022 for Financial Institutions

Information paper. Best Practice for Successful Implementation of ISO 20022 for Financial Institutions Information paper Best Practice for Successful Implementation of ISO 20022 for Financial Institutions Contents Executive summary...3 The ISO 20022 standard...3 Growth of ISO 20022 adoption...4 Adoption

More information

Turn Your Business Vision into Reality with Microsoft Dynamics GP

Turn Your Business Vision into Reality with Microsoft Dynamics GP Turn Your Business Vision into Reality with Microsoft Dynamics GP You have worked hard to build a vision for your business. With a business solution from Microsoft, you can turn that vision into reality.

More information