The SAP Integration Package for Society for Worldwide Interbank Financial Telecommunication (SWIFT), which is currently being piloted by several customers, including Volkswagen and Wurth, combines a corporation’s multiple complex electronic banking interfaces into a single, integrated solution that reduces complexity, support requirements and associated costs.
SAP Integration Package for SWIFT solves the challenge faced by many multinational corporations that exchange electronic information with banks in different countries and continents.
SAP has created a unified offering that combines multiple, non-standard bank integrations into a single, standards-based access point for managing a company’s electronic communications with its multiple banks. This comprehensive corporate-to-bank connectivity can help companies streamline payment flows, gain real-time visibility into global cash positions, strengthen regional compliance and provide highly secure financial transactions, all with greatly reduced costs.
