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BankON

In order for banks to survive and grow in today’s economy, they must find new ways to increase their competitive advantage, attract new business and improve customer retention. Integration with corporate ERP customers will cement banking relationships now and into the future.

The BankON Solution from Sierra Atlantic enables corporate ERP-to-bank integrations that yield significant value for both the institution and its customers. BankON enables a bank’s corporate customers to transform their business by further leveraging their ERP investment, and transforms the bank into an industry leader.

BankON provides corporate banking customers with a solution that automates payables, receivables and reconciliation processes so that they can eliminate manual tasks, streamline operations, increase productivity and reduce costs. The solution reduces the risk of errors and the potential for fraud, while enhancing the ability to meet regulatory compliance requirements. There is no need for additional hardware or IT staff, and BankON is fully supported by Sierra Atlantic. Banking customers will also benefit from improved vendor relationships by tightly managing payables and receivables with this secure, automated solution.

BankON will help banks attract new customers, provide additional benefits for existing customers and increase revenue. BankON eliminates the cost, complexity and duration of custom integrations with corporate customers. It is a back-office application that can be quickly installed at the customer site and be ready for testing in a matter of days. As corporate customers migrate to electronic processing of payables and receivables, there will be an exponential reduction in a bank’s operating expenses. BankON provides an opportunity for banks to differentiate themselves from the competition, drive efficiency into their operations and increase margins.

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