Standard Chartered delivers Host-2-Host integration for Brandix
Wednesday, 30 October 2013 00:00
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Standard Chartered Bank today announced the successful integration of its Host-2-Host electronic banking platform with the Brandix Group’s ERP Movex.
The solution delivers a seamless integration with greater automation and streamlined workflows between the bank’s system and the Brandix ERP. This allows Brandix to manage their working capital cycle more efficiently and increase the visibility of cash, whilst reducing operational risk with enhanced security and control. Additionally, it reduces the time spent on bank reconciliations and payment processes.
Benefits of the
new system
Head of Brandix Group Treasury Priyanke Perera explaining the benefits of the new system said: “The solution enables a comprehensive monitoring, control and automation of account payables at the Shared Services Centre and cash management activities at the Brandix Treasury, while achieving a standardised online payment system.”
Standard Chartered Bank’s Head of Solution Delivery Devaka Wijedoru added: “Standard Chartered is proud to be able to provide effective solutions to meet the ambitions of a dynamic organisation like Brandix. Besides Straight2Bank Access H2H, our Universal Adaptor supported Brandix to complete the integration faster with minimal technical resource involvement in configuring MOVEX, Brandix Group’s ERP system. The Universal Adaptor will also allow Brandix to roll out the solution within a matter of hours to new entities that wishes to be added on with zero investment.”
The system is designed to interoperate with the online web banking channel allowing Brandix to perform all their core activities seamlessly in an environment where multinational and large Sri Lankan corporates are continuously seeking to improve their process efficiencies and reduce operational cost.
