BankON™
Easing the Pain and Increasing the Profitability of Corporate ERP-To-Bank Integrations
With increasing pressure to grow revenue and improve margins in a tough economy, banks are looking even more closely for new ways to provide value-added services for their customers while keeping their own costs to a minimum. Automation of transaction processing – including payables, receivables and cash management – presents an opportunity to address these issues. Unfortunately, banks have not been able to capitalize on this opportunity due to the lack of a scalable solution for integrating with customer ERP systems. One-off integrations are costly, complex projects that can take months to complete and place a heavy drain on a bank’s resources.
BankON™ – from Sierra Atlantic – eliminates these barriers to automation by providing a scalable, turnkey solution for corporate ERP-to-bank integrations and automated transaction processing. BankON™ quickly and easily integrates banks with customer ERP systems, enabling straight-through processing of payables and receivables, and automation of associated reconciliation activities. BankON™ integrates with multiple ERP systems with no customization required, and can be installed and ready for testing at a customer site in a matter of days.
With BankON™ banks are able to generate recurring fee-based revenue streams for these high-value services, and as more and more of a bank’s customers migrate to straight-through processing, the benefits to a bank are exponential.
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