Straight-through processing is a reality via XRT’s seamless integration
with ABN AMRO’s GlobalGateway system. XRT and ABN AMRO have joined forces
to offer our mutual clients the ability to optimize order-to-cash and purchase-to-pay
cycles, meaning more cash can be released into your business. And by controlling
cash flows from different parts of your business, funds can be directed to the
right area at the right time.
The XRT ABN AMRO partnership ensures that standard formats and technical connectivity
are supported by both parties. This means you reduce implementation time and
benefit from efficient and secure integration of your XRT solution into you’re
the ABN AMRO GlobalGateway.
Benefits for our mutual clients include :
- Reduced implementation time
- Increased STP rate through the use of standard formats
- Initiate wire domestic and international wire transfers from accounts held
worldwide
- Receive intraday and end-of-day statements from ABN AMRO and all partner
bank accounts
- Reduced number of direct bank connections, simplifying your interfaces without
changing the way you work
For more information on ABN AMRO Cash Services please contact your local representative
or visit the ABN AMRO website at www.workingcapital.abnamro.com.
Standardize your payments and reporting via XRT seamless integrationwith BNP Paribas’
EDILINK solutions. The partnership between XRT and BNP Paribas means that our
mutual clients enjoy the benefits of rapid and secure bank communication with
a guarantee of the integrity and confidentiality of data via electronic signature.
Corporate can keep a decentralized organization, allowing subsidiaries to remain
autonomous, managing their payment and reporting locally, while still allowing
for consolidation of information at the group’s headquarters.
The partnership between XRT and BNP Paribas allows our mutual clients to rest
easy : standard formats and technical connectivity are guaranteed and supported
by both parties. Your implantation time is minimal and you benefit from efficient
and secure integration of your XRT solutions into your BNP Paribas EDILINK system.
Benefits for our mutual clients include :
- Reduced implementation time
- Increased STP rate through the use of standard formats
- Standardized international communication based on EDIFACT or SWIFT
- Local offices manage local payments and reporting, while cash is centralized,
reducing interest payments
For more information on EDILINK please visit BNP Paribas at http://cashmanagement.bnpparibas.com
XRT participates in Deutsche Bank’s Enterprise
and Treasury System (ETS) Integration Program (IP) to support
our mutual clients efforts for “end to end” systems integration
for banking transactions. This strategic participation by XRT includes not only
format exchanges, but also system-to-system integration. Key activities are
centered on developing close and strategic links between both parties in order
to support robust “state of the art” initiation capability for global
payment and collection transactions (ACH, Check, and Wire) and balance and transaction
reporting services through secure and reliable communication channels.
Tighter integration increases Straight through Processing (STP) while providing
a complete end-to-end solution. The ETS-IP
provides XRT and Deutsche Bank with standard formats and technical connectivity
supported by both parties. This strategy leads to faster implementation timeframes
by drastically reducing format and connectivity testing during the implementation
process, thereby providing quick and efficient systems integration for our mutual
clients.
Benefits for our mutual clients include:
- Reduced implementation timeframe.
- Increased STP rates from the use of standard formats.
- First hand information on respective systems needs and strategies.
- Access to the latest format, communication and security protocols.
- Formalized testing procedure.
- Dedicated test environments, where applicable.
If you would like additional information the ETS-IP Program, please contact:
Deutsche Bank
Dominick Della Penna
60 Wall Street, 28th Fl.
New York, NY 10005-2858
Phone +1-212-250-1753
Dominick.DellaPenna@db.com
Fortis is an international provider of banking and insurance services to personal, business and institutional customers. The company delivers a total package of financial products and services through its own high-performance channels and via intermediaries and other partners.
Fortis ranks among Europe’s top 20 financial institutions, with a market capitalisation of EUR 39 billion. With excellent solvency, a presence in 50 countries and a dedicated, professional workforce of 58,000, Fortis combines global strength with local flexibility.
European Cash Management without borders.
FORTIS offers total control of your working capital in Europe. In order to rationalise all credit and debit balances of a multinational group, our advanced cash management solutions include straight through payments & collections, cross-border and cross-currency pooling.
FORTIS has Cash Management Centres in Belgium, The Netherlands, Luxembourg, France, UK, Germany, Italy, Spain, Portugal, Poland, Switzerland, Austria, Czech Republic, Hungary, Turkey, Greece, Denmark and Sweden. This guarantees a truly integrated European Cash Management Network.
To find out more about our quick, constructive and tailor-made solutions based on the financial processes within your company, please contact us at:
T: +32 2 565 0068 or E:workingcapitalmanagement@nl.fortis.com or
URL: www.merchantbanking.fortis.com
