Eliminate friction in payment processing with SWIFTRef data
Enabling frictionless payments by incorporating SWIFTRef data directly into your SAP bank master data as an added value service to the SAP Multi-Bank Connectivity solution.
Overview
Integrate SWIFTRef data
End manually importing and maintaining bank data. Integrate SWIFTRef data and rely on automated feeds for the latest payment reference data directly into your SAP bank master data, allowing you to optimize payments and focus on high-value activities.
Get the cost of payment failures under control
Use the latest data from SWIFTRef to help reduce the number of failed payments that have a costly price tag. Help reduce your costs as well as resource time spent on manually investigating rejected payments.
Trust in industry-recognized data
Rely on SWIFTRef data sourced directly from authorized data owners and prevent risks of failures that coincide with failed payments.
Details
Solution type
Business Essentials
Compatibility
Works with
- SAP S/4HANA Cloud Public Edition
- SAP S/4HANA Cloud Private Edition
- SAP S/4HANA Cloud Private Edition, enterprise management
Features
SAP and Swift join forces
Keeping bank data current can be a time-consuming manual process. With SAP Multi-Bank Connectivity, you can subscribe to a fully integrated payment reference data solution and help ensure accurate and timely data for your payments processing.
Experiencing the power of integrated data
Simply configure predefined metrics once and let the automated tool push the monthly SWIFTRef data directly into your bank master data. Notifications will let you know when your bank master data has been updated.
One source of global payments reference data
SWIFTRef provides global payments reference data to process domestic and international payments, covering Swift BIC codes, national bank IDs, Legal Entity Identifiers, and IBAN-related data, but also name, address, and identification codes.
