The new release 2.0 of the Hanse Orga FinanceSuite eBAM (electronic Bank Account Management) now includes functionality for the automated bank fee analysis in SAP. FinanceSuite eBAM enables companies, amongst others, to process these standardised bank fee statements automatically within their SAP system, to analyse them and to start dispute workflows automatically where necessary.
Source: Hanse Orga
Besides the TWIST BSB standards the integrated Hanse Orga solution also supports bank fee statements including ISO 20022 camt.086.001.01 and the US format Ansi x.12 822 (“Bank Analysis”). The Hanse Orga solution FinanceSuite eBAM has been officially recognised that it meets the requirements of the TWIST BSB 3.1 standard for bank fee statement. This reference will be published in the TWIST newsletter in 2014.
“The standardisation of bank fee statement formats is another important step in the direction of further straight-through processing in the communication between banks and companies. With our FinanceSuite eBAM we offer a future-proof, SAP-integrated module, and help achieve an automated and optimised processing of these standardised formats. We are convinced that a fast and reliable analysis of the actual bank fees compared to the planned fees will deliver a significant added value to companies”, says Sven Lindemann, Chief Executive of Hanse Orga.
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CTMfile take: The increasing inclusion of the BSB bank fee reporting standards in the major TMS will force banks to adopt the ISO BSB standards which will enable corporates to really manage and control their bank charges.