Connect SAP directly to your bank – with jbc.FTX
SAP S/4HANA offers the possibility of carrying out various business processes such as finance, sales and procurement on a single platform.
With jbc.FTX you connect your bank directly to your company and can communicate directly and securely.
Possibilities & functionality
Adapt your existing IT infrastructure to growing requirements.
Your SAP S/4HANA generates bank orders in ISO 20022 format as bank files. For example, payments initiation (pain) files for executing payments. These files are stored in a local exchange directory in your environment.
jbc.FTX reads these directories and transmits the data as an EBICS client to your bank and ensures that the bank can execute the order.
jbc.FTX retrieves statements and information from your bank and stores them as a file in the defined exchange directory. This means that the data can be imported directly from SAP without any detours.
Our program is not cloud-based and only requires the ability to communicate with your bank via EBICS. The data is stored exclusively on your machines.
Installation
EBICS bank accesses are set up via the jbc.FTX user interface. The key exchange with your bank must be set up in jbc.FTX before the first transfer.
Prerequisites
jbc.FTX works as a local Windows program and is executed in your environment on a machine, a VM is also possible. Batch scripts can be used for automation.
Advantages
- Automation of payments
- Retrieve account statements easily
- Secure communication with banks
- Particularly relevant for companies whose ERP systems (such as SAP, Oracle or Microsoft Dynamics) do not have a direct connection to banking systems
- Standardized data exchange in Europe, including Switzerland with EBICS
- Increasing efficiency
- Increasing competitiveness in a constantly changing market environment
What is EBICS?
Electronic Banking Internet Communication Standard (EBICS for short) is a standard that enables the secure exchange of financial transactions between banks and companies via the Internet.
A multi-level security concept, which is part of the standard, ensures safe transportation. This also includes end-to-end encrypted data transport. Business processes such as direct debits, bank transfers and much more reach the recipient securely.
What are camt.053 and ISO 20022?
The XML-based message format camt.053 (Bank to Customer Statement) is used as part of the ISO 20022 standard. It is used to transmit account statements and detailed account information. The internationally recognized standard facilitates communication between banks and customers in online banking. In financial management, camt.053 provides the most common format for all account postings and balances and supports transparent financial management. ISO 20022 is an international standard for electronic data transmission by financial institutions. It was published in 2013 and was described in the “ISO 20022 Financial Services – Universal Financial Industry Message Scheme”.
Service
Do you need advice or customer support? Simply give us a call or send us an inquiry via our website. We will be happy to advise you.
