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Introduction of a banking platform within treasury (payment factory)…
Introduction of a banking platform within treasury (payment factory)
EFFICIENCY
reduction of workload
Reduction of number of e-banking platforms
COSTS
What costs / cost savings are there?
New System (TIS)
Develop the links between systems
Training costs
Implementation costs
Additional licenses to be purchased
Hyperion Finance
SAP
Reduction of overhead costs (can reduce team size by 1)
SECURITY
Incryption of data from banks to platform
Reduce risk of fraud
User management is concentrated / simpler
AUDIT TRAIL ON DATA CHANGES
Based on our own servers
No more e-banking tokens / passwords as everything on platform using company single-sign-on
Bank account numbers need 4-eye principle to be changed
AUTOMATION
Possibility to pay on-behalf of other entities
Can mean the introduction of a share service centre approach to treasury
Increased automation of payments