International payment transactions are complex due to the variety of country-specific data formats, which cannot always be processed automatically (non-STP). The consequences are high IT costs and more administrative effort.
corporate PAYMENT.FACTORY, by contrast, relies on a universally applicable format on your behalf (e.g. ISO20022 XML native or Stuzza XML or CGI XML, STUZZA edifact v3 Paymul AZV, SWIFT MT101).
Cost and time saving
Reduction of operational risks
No administrative resources needed in case of local format changes
One channel to all Erste Group banks in CEE (free choice, e.g. SWIFT, FTP, EBICS or e-banking)
Harmonised account statement structure if required (MT940 or camt.053)
Seamless integration into ERP-system possible (such as SAP)