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.

Benefits

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.

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.

Screenshot of Cash Operations with SAP Multi-Bank Connectivity dashboard.

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.

Screenshot of the Payment Batch screen from SAP Multi-Bank Connectivity.

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.

Screenshot of Outgoing Messages screen from SAP Multi-Bank Connectivity.

Plans and pricing

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Included:
- SWIFTRef Identifiers Directory with monthly updates.
- Automation push to customers' bank master data.
Payment method:
- Payment by invoice is supported for all countries.
- Click on the “Buy now” button to find out if payment by credit card is supported in your country.

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