Companies today use a myriad of different system interfaces for electronic transactions between their banking partners’ and corporate suppliers’ systems as well as between their own enterprise resource planning systems. Often based on a wide variety of protocols, proprietary standards and technologies, these point-to-point interfaces can involve high maintenance costs.
SAP NetWeaver Process Integration (PI) technology can play a significant role in enabling massive savings in integration costs and delivering ongoing business value.
A new combined solution from HSBC and SAP will feature a “plug-and-play” utility to enable SAP customers to adopt electronic payments quickly and easily. This new collaboration with HSBC and SWIFT underscores SAP’s industry expertise, and further upholds our promise to help customers continually tap new potential from their SAP deployments. Using the new solution and the underlying SAP NetWeaver PI technology that they are already running, corporations will be able to enhance controls and optimize the timing of their payments, thereby improving their working capital.
In addition to HSBC, American Express is another prime example of a corporation using payment technology based on SAP NetWeaver PI. For more details, please read the following press releases: HSBC to Broaden Connectivity Innovations With SAP and SWIFT and American Express and SAP Join Forces to Launch Integrated Payment Solution.