Barmenia Selects CocoNet’s Multiversa IFP for Company-wide Payments

German insurance group Barmenia has selected CoCoNet’s e-banking solution, Multiversa International Finance Portal (IFP), for the secure processing of the company-wide payment transactions. Barmenia chose CoCoNet because Multiversa IFP complies with Barmenia’s demand for strong audit and revision security. The system combines proven traceability with a strong authorisation concept.

Multiversa IFP’s automated connectivity with both SAP and non-SAP enterprise resource planning (ERP) systems, together with the support of the latest single euro payments area (SEPA) format rulebooks, was another reason Barmenia chose the e-banking portal.

Barmenia also set a high value on an easy installation, recognised maintenance and a quick implementation, which took only two weeks from commissioning to initial operation. The quick implementation was possible thanks to an optimal test phase and a ‘soft migration’ in which the new system supported both File Transfer Access and Management (FTAM) and Electronic Banking Internet Communication Standard (EBICS).

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