Hanse Orga and the Association for Financial Professionals (AFP) announced that the software provider has been licensed to integrate the AFP service codes within its FinanceSuite eBAM (electronic bank account management) solution.
, the AFP established and administers the certified treasury professional and certified corporate financial planning and analysis (FP&A) professional credentials, which set standards of excellence in finance. Founded in 1984, Hanse Orga, is an independent software and consulting firm for the financial supply chain management processing within SAP.
The AFP service codes© are the global standard for analysing and comparing the services and fees that are included in the account analysis statements which companies receive from their banks.
Under the agreement, both the domestic and global AFP service codes are integrated within Hanse Orga’s Bank Performance Analysis and Bank Account Administration software FinanceSuite eBAM. The solution now provides customers with a single channel for both software and codes to streamline production readiness.
“We consider it the utmost importance in providing our customers with the necessary tools to meet today’s challenges in the corporate environment,” said Sven Lindemann, chief executive officer (CEO) of Hanse Orga. “Account analysis is a topic that is gaining visibility from companies world-wide; the potential to increase efficiencies in this area is great. We are pleased to be able to include the AFP service codes in our FinanceSuite eBAM solution and, thus, to empower corporate treasurers in the managing and controlling of their banking relationships, and in striving for optimal bank services at competitive rates.
AFP president and CEO, Jim Kaitz, added: “Hanse Orga is an expert in SAP-integrated solutions and services for treasury and accounting, and with its FinanceSuite eBAM solution, Hanse Orga provides a vital tool to corporate treasurers for effectively managing bank accounts and bank relationships. We are excited that through the integration of the AFP service codes within their software, another step towards greater standardisation in account analysis is made world-wide.”
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.