Simple access to your financial counter parties
Essony offers complete ERP-to-bank connectivity, including format transformation, approval workflows, and automated connectivity for transmission and acknowledgements.
The ability to make payments efficiently and securely is an important commercial activity on which the survival of every company depends. Failures in either one can have serious financial, and competitive implications.
It is not only the method of payment which is a consideration for treasurers and finance managers, but also the format in which payment information is exchanged with the bank. One of the difficulties experienced by many multi-banked corporations is that banks exchange data in varying formats which their customers must then configure and maintain in their own internal systems. This makes it time and resource-intensive to change or add banks, and complicates system upgrade and integration projects.
Among those that use XML, whether for payments or more widely, about 80 percent are now using version of systems such as ERPs or payment factory systems that support XML formats directly, rather than having to convert from legacy formats.
Our services enables organizations to centralize their financial counter parties connectivity into cloud based service. By connecting once you can reach your counter parties without investing into multiple solutions or technical competence.