Deutsche Telekom has established CoCoNet’s MULTIVERSA International Finance Portal (IFP) as the basis for the centralisation of their group-wide payment transactions via a single platform. The transaction volume in 2008 was more than 3.4 million payments in the group headquarters and shared services (GHS) and the treasury department, and also included large value payments deriving from their asset management.
The portal went live after a very short time to market. Within five months the first companies within the group were able to go live with domestic payment transactions.
“After an intense process with different suppliers we finally decided on CoCoNet as MULTIVERSA IFP could best meet the requirements of a defined list of criteria. We were convinced by the opportunity of straight-through processing (STP), the ability to cover the existing payment processes and to put customer requirements into practice professionally and timely at Deutsche Telekom,” said Anke Schweitzer, project director shared services payment, Process & IT Management, Deutsche Telekom.
MULTIVERSA IFP at Deutsche Telekom covers the SWIFT formats MT101, MT102, MT103, MT104, as well as MT199 and MT940/MT942; country modules for Germany and The Netherlands with the corresponding country-specific DTAUS/DTAZV (Germany) and CLIEOP03 (The Netherlands); as well as user interfaces in German and English language. The automatic supply of account information of all administered accounts was also a decisive criterion for Deutsche Telekom. MULTIVERSA IFP collects the account information from the various banks and exports them into the Deutsche Telekom’s SAP landscape. The Deutsche Telekom’s connection to the banks is achieved via a SWIFT SCORE Connector of the portal. SWIFT enables companies a direct connection to SWIFTNet. Deutsche Telekom uses the SWIFTNet service FileAct.
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