NEOFI Link helps you choose your banking communication tool
The characteristics of perfect banking communication
- Complete adaptability allowing all exchange formats to be used regardless of the country or the bank,
- Infallible control of the cashflows exchanged,
- Perfect traceability of financial operations undertaken,
- The lowest number of manual operations possible for maximum security and minimum time taken.
Problems currently encountered
In an economic environment necessitating adjustments in the scope of consolidation (mergers, acquisitions, reorganisations, etc.) and where business line applications evolve in line with changing technologies, diversified IT financial tools can compromise the smooth flow of exchanges.
New changes expected
For several years to come, each company will have to confront two major changes :
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The establishment of the
SEPA project. By the year 2012 companies must have joined this new European banking exchange format (Single Euro Payment Area)
- The disappearance of the ETEBAC protocol. With more than 90,000 users in France, ETEBAC is currently the main communication protocol between a company and its bank. This will cease, firstly as this service will be abandoned by Transpac and secondly because of its unsuitability with new variable-length message formats, due to the XML ISO 20022 standard. Replacement solutions have not yet been determined.
A long term unstable situation
All these changes will stretch over several years. The putting in place of SEPA will be done progressively and the disappearance of ETEBAC will happen when it is withdrawn from the market. This temporary situation, which will necessitate constant changes as the new technologies or new regulations arrive, is far from over.
The NEOFI Solutions answer
To facilitate your banking exchanges, NEOFI Solutions has created a solution that is quick to install (and by functional teams), flexible and efficient, because it combines :
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An expertise of the activity concerned, provided by our own consultants or by external partners such as
GFI Business Consulting,
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An application integration platform, NEOFI Link, designed to be used by financial department teams,
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A secure portal - NEOFI Banking - to manage the multi-protocol exchanges with banking partners,
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A site for exchanging formats and business processes - NEOFI Link Community.
With guarantees included :
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Highly adaptable : NEOFI Link enables your different banking information formats to be converted into different existing banking formats, including those of SEPA,
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Perfect control of all the information received or generated by reconciliation processes, easy to configure,
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Traceability of operations by the production of reports or storage in data bases,
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Time saving : no re-input is necessary thanks to the automation of your data exchange processes,
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Optimum security by the encryption of exchanges or the use of secure protocols,
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Total flexibility to adapt rapidly to constant changes, as NEOFI Link is set up by the finance department.