Electronic Bank accountmanagement (eBAM) with digital workflow support.
Category: Treasury operations / Risk Management
The TIP eBAM solution leverages digital workflows to support all activities relating to the management of group-wide bank accounts across their entire lifecycle (e.g. bank account opening and closing, changes to existing accounts and administration of group-wide signatories) including a full audit-trail transparently documenting all these activities. Besides internal request/approval steps, bi-directional communication with external banking partners is enabled using XML-based .acmt formats which can be exchanged via SWIFT. In addition, via automated connectors, bank account data can be kept in sync with TMS, ERPs and other systems.
TIP is available as a cloud-based/hosted solution but can also be deployed on premise – depending on the client’s preference. It provides standard interfaces to most ERPs and TMS on the market today and integrates seamlessly with other tools such as electronic trading platforms and market data providers.
Alex Fleischmann, Head of Market Development (TIPCO) and Dieter Worf, Head of Treasury, SCHOTT AG or Jochen Alt, Treasury SCHOTT AG