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Provides straight-through processing Receives, processes and reports payments, remittances and intraday / prior day statements Single consolidated payment file supports multiple payment types (check, ACH, wire, etc.) Multi-currency, multi-language and multi-byte character support Payroll transactions with individualized payee instructions ISO 20022 compliant Multi-payment format support (ISO, CSV, SWIFT MT / MX) Transaction reporting functionality with resend option Interfaces to multiple ERP systems Automates corporate payables, receivables and intraday / prior day statements Provides a safe, secure environment for transaction processing Installs within days, ready for testing at customer site in less than a week Integrates with multiple ERP systems Eliminates manual, paper-intensive processes Reduces operating costs, increases margins Provides a competitive advantage Promotes customer loyalty and upsell opportunities Little or no ERP customization effort or additional hardware requirements Eliminates manual and paper-based processes Reduces operating costs, increases margins Minimizes need for check stock, risk of check fraud Increases visibility and controls around cash management Improves working capital and cash forecasting capabilities Supports audit and regulatory compliance requirements Leverages ERP reporting capabilities
Enhances vendor relationships
financial supply chain, corporations are demanding more efficient ways to manage payments and to connect to their network of banks and trading partners. Corporates are now taking a closer look at how their ERP and other financial management systems can provide data and tools for a global enterprise-wide picture. Indeed, according to past Aberdeen research, 65% of Aberdeen respondents cited integration of payments solutions with financial accounting systems as the top strategic action of leading companies.
Nasreen Quibria Senior Analyst Aberdeen Group
www.SierraAtlantic.com
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BankON Services
Educating a banks sales team on the value that BankON brings to their customers is critical in achieving a healthy return on the banks investment. The BankON Team will work with a banks sales organization to ensure that they are maximizing opportunities with BankON. The BankON Team is also available to provide marketing support that will help banks acquire new customers and increase awareness of BankON within the existing customer base. The Team can design and execute individualized campaigns that meet a banks specific goals and objectives. As more banking customers migrate to straight-through processing with BankON, the benefits to a bank are exponential. For more information on how to achieve the greatest value from BankON, reach out to the BankON Team at www.sierraatlantic.com/bankon/contact.
experience Proven upgrade methodology Strong Oracle partnership Cost-effective onsite-offshore model Effective project tracking and monitoring systems Dedicated Oracle Centre of Excellence Reusable approach, documents, and code Solutions for clients of all sizes
BankON Architecture
Sierra Atlantic is the leader in offshoring enterprise applications and outsourced product development. With expertise derived from deep R&D relationships with enterprise software leaders such as Oracle and Microsoft, we provide product development and IT services including implementation, integration, development, upgrade, testing and support. Sierra Atlantic is headquartered in Fremont, California and maintains operations in 16 countries across North America, Europe and Asia Pacific. www.SierraAtlantic.com.
Secure data transmission Data validation rules Flexible business rules engine Customizable data mapping and source definitions Choice of Oracle or Open-Source platform
6522 Kaiser Drive, Fremont, CA 94555, Tel: +1 510 742 4100 Fax: +1 510 742 4101 Hyderabad, India Guangzhou, China Toronto London Dubai Singapore Boston Chicago Paris Geneva
www.SierraAtlantic.com
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