Raiffeisenbank a Multibankovsky system for corporate business

2020: Submission of the platform for corporate business

Raiffeisenbank submitted on October 5, 2020 the platform for corporate business implementing financial services in a circuit of SAP. It is the platform which provides integration of the ERP system of the company with all servicing banks in the single interface. The product will allow corporate business to reduce significantly load of treasury of the company due to elimination of need of transition from one bank client to another that is relevant for the companies, the having several servicing banks and working in the different countries. The solution will make more transparent and fast a request and comparison of conditions and also receiving services from different banks.

Digital banking channels develop taking into account a business context in which there are clients. Integration of financial services into ERP systems will help the companies to reduce the volume of routine transactions and to increase the speed of business processes. Our purpose – to give to the client positive experience due to elimination of excess steps and process automation, such as, for example, loading of statements at the beginning of each working day within several hours, and to increase efficiency of the company in general due to business process integration of the company with bank services. The solution which we create with SAP will open the next page in the world of banking technologies, - Anton Krasnenkov, the head of remote banking of corporate clients of Raiffeisenbank told.

Remain profitable only those companies which are ready to make quickly changes to the development strategies can, to instantly be rebuilt and create different niches in the market. We hope that the solution of Raiffeisenbank will be the reliable assistant for corporate clients of bank and will help them to increase efficiency and performance of business, - Andrey Filatov, the CEO of SAP CIS noted.

At the first stage of development of the platform clients will be able to make ruble payments and to receive the ruble statement. Further the concept of a product assumes an output in the ERP system of all financial services, including sendings applications for issuance of credits, release of guarantees and letters of credit, implementation of conversion transactions, placement of deposits. Besides, Raiffeisenbank is going to implement additional functions which will help top management of the companies to make decisions on the basis of functionality of the aggregated treasury in holding and forecasting of financial flows.

The concept of integration of financial services in a circuit of SAP assumes cooperation with other banks on a non-discriminatory basis: Raiffeisenbank undertakes function of the agent who is responsible for technical integration of banks into the platform.

We already conduct negotiations with a number of banks. We are convinced that coopetition, i.e. cooperation with competitors is what will help to bring client experience to other qualitative level. The financial world ceased to compete the price, in the forefront long ago - satisfaction of business with the level of service, - Anton Krasnenkov added.