4
Barriers to SWIFT Adoption There are many benefits to connecting to the more than 9,300 organizations on the SWIFT network for banks, corporates and other financial institutions, including improved efficiency, lower costs, greater security and improved operational risk management. However, many organizations believe connecting to SWIFT is expensive, complex and time consuming. In addition to membership and licensing, the cost of hardware, communications, and expertise can seem prohibitive. Taking advantage of connectivity to SWIFT can seem especially challenging, potentially risky and costly if you lack in-house specialist resources. Add to this the ongoing responsibilities of resilience, recovery planning, upgrades, testing, project management and training, and it is clear why many organizations are still reluctant to join the SWIFT community. That’s why SWIFT is committed to working with third parties such as Bottomline Technologies to provide organizations with easier access to SWIFT products and services. A service bureau with the quality assurance of a highly accredited SWIFT partner, availability to the entire range of SWIFT products and services, and the most accredited team of SWIFT experts. SWIFT Access Service The Best in SWIFT Accessibility, Services & Support SWIFT and the Corporate Community It’s not just banks and other financial institutions that are looking to connect to SWIFT. While the lack of sufficient SWIFT knowledge and experience has deterred many organizations during the last four years, the number of corporates connecting to the SWIFT network has quadrupled. With Bottomline’s scalable and flexible SWIFT Access Service, customers ranging in size from large multinationals to smaller entities with more modest turnovers can benefit from SWIFT connectivity. Benefits of SWIFT Access Service • Access the full portfolio of SWIFT products and services • Get support and training from the most accredited team of SWIFT experts • Eliminate operational costs, complexities and the need for in-house SWIFT expertise • Count on the highest levels of resilience and security

SWIFT Access Service - archive.bottomline.comarchive.bottomline.com/collateral/payments/BSAS Datasheet_81512.pdf · SWIFT Access Service runs on SWIFT’s Alliance software and has

Embed Size (px)

Citation preview

Page 1: SWIFT Access Service - archive.bottomline.comarchive.bottomline.com/collateral/payments/BSAS Datasheet_81512.pdf · SWIFT Access Service runs on SWIFT’s Alliance software and has

Barriers to SWIFT AdoptionThere are many benefits to connecting to the more than 9,300 organizations on the SWIFT network for banks, corporates and other financial institutions, including improved efficiency, lower costs, greater security and improved operational risk management.

However, many organizations believe connecting to SWIFT is expensive, complex and time consuming. In addition to membership and licensing, the cost of hardware, communications, and expertise can seem prohibitive.

Taking advantage of connectivity to SWIFT can seem especially challenging, potentially risky and costly if you lack in-house specialist resources. Add to this the ongoing responsibilities of resilience, recovery planning, upgrades, testing, project management and training, and it is clear why many organizations are still reluctant to join the SWIFT community. That’s why SWIFT is committed to working with third parties such as Bottomline Technologies to provide organizations with easier access to SWIFT products and services.

A service bureau with the quality assurance of a highly accredited SWIFT partner, availability to the entire range of SWIFT products and services, and the most accredited team of SWIFT experts.

SWIFT Access Service The Best in SWIFT Accessibility, Services & Support

SWIFT and the Corporate Community

It’s not just banks and other financial institutions that are looking to connect to SWIFT. While the lack of sufficient SWIFT knowledge and experience has deterred many organizations during the last four years, the number of corporates connecting to the SWIFT network has quadrupled. With Bottomline’s scalable and flexible SWIFT Access Service, customers ranging in size from large multinationals to smaller entities with more modest turnovers can benefit from SWIFT connectivity.

Benefits of SWIFT Access Service

• Access the full portfolio of SWIFT products and services

• Get support and training from the most accredited team of SWIFT experts

• Eliminate operational costs, complexities and the need for in-house SWIFT expertise

• Count on the highest levels of resilience and security

Page 2: SWIFT Access Service - archive.bottomline.comarchive.bottomline.com/collateral/payments/BSAS Datasheet_81512.pdf · SWIFT Access Service runs on SWIFT’s Alliance software and has

“ We have eliminated the effort required to keep our infrastructure up-to-date while maintaining control over the SWIFT environment. The hybrid approach maintains the feel of the in-house system but now our infrastructure is operated and supported by SWIFT experts in a highly secure environment. Additionally, this has freed up resources to concentrate on other value-added activity for Vodafone.” Fraser Lee, Treasury Systems Manager, Vodafone

By operating on the SWIFT network you can:• Lower costs • Improve security • Strengthen risk

management

Host Systems(Bank Acts)

Host Systems(Bank Acts)

TreasuryWorkstation SWIFT

Access Service

Create Encrypted PCL ifPrint Job Queued

Req

uest

/Ret

urn

Sta

tus

of

Pri

nter

Req

uest

/Ret

urn

Sta

tus

of

Pri

nter

Synchro

nous X

ML

Check M

essage

PrimaryUp?

NO

YESQueue

Job

YESQueue

Job

PrimaryPrinter

BackupPrinter

EnterpriseBankingNetwork

BranchOffice

Bottomline PDFComponent

BackupUp?

Via BT Bureau

ERP

Process Flow

Payment Hub

MessageFormatting

MessageFormatting

Process Flow with Bottomline Technologies

A Cost-Effective SWIFT SolutionSWIFT Access Service offers a cost-effective solution for access to the complete range of SWIFT services by eliminating the need for in-house SWIFT expertise and operational support. Hundreds of institutions have entrusted the outsourcing of their SWIFT requirements to Bottomline, whose multi-site infrastructure, operational experience, value-added services and SWIFT accreditations make SWIFT Access Service a leading solution. Bottomline offers the best in SWIFT accessibility:

• A fully managed service bureau with the quality assurance of a highly accredited SWIFT partner

• Availability to the entire range of SWIFT products and services

• The most accredited team of SWIFT experts

Whether for SWIFT payment, securities or account status messages, to transfer files over FileAct, or a combination of these; whether a full SWIFT member, a member of SCORE or a Closed User Group participant, all organizations can achieve benefits from utilizing the fully managed SWIFT Access Service.

As SWIFT continues to evolve its service offerings and upgrade the network infrastructure, frequent maintenance is required to optimize usage. SWIFT Access Service supports companies through these changes by smoothly managing upgrades and new services as part of a rolling implementation plan.

Finally, by integrating SWIFT Access Service with Bottomline’s market-leading payment solutions, customers have access to an unprecedented depth and variety of SWIFT services and payment options, including global payments.

Page 3: SWIFT Access Service - archive.bottomline.comarchive.bottomline.com/collateral/payments/BSAS Datasheet_81512.pdf · SWIFT Access Service runs on SWIFT’s Alliance software and has

AUTOMATION STA

ND

AR

DIZATION CENTRAL

ZAT

ION

INTERNAL GOALS • Liquidity Management• Compliance• Technology & Cost Management • Creating Value

EXTERNAL PRESSURES• Global Financial Crisis• Credit & Funding• Risk Management• Creating Value

Secure, Resilient and Hassle-Free SWIFT ConnectivitySWIFT Access Service runs on SWIFT’s Alliance software and has the highest levels of security and resilience from both our primary, nuclear-proof site and our back-up facility.

Customers choose from a number of connectivity methods, including VPN, ISDN or dedicated lines. Bottomline secures connectivity to the SWIFT network in a number of different ways, including enhanced security through the use of SSL and RSA keys.

More complex users may generate messages or files on front or back-office systems which are automatically routed to the service via a number of real-time messaging options. This includes Web Services, which may also require the transformation of data by SWIFT Access Service to and from the appropriate SWIFT formats.

A fully managed service, Bottomline offers tailored training and assistance with testing to facilitate the technology and business requirements associated with connecting to SWIFT.

Value-Added ServicesAs one of SWIFT’s most experienced partners, we also provide a range of optional value-added services and solutions to help organizations get the maximum value from their SWIFT investment. Available options include:

• Translation and enrichment of data

• Audit reports and traffic monitoring

• Anti-money laundering and fraud prevention

• SystemCare, a pre-planned preventive maintenance program providing advice, technical consulting and support

• A fully-staffed operational service desk open during extended business hours

• Flexible support options, including 24 x 7 coverage

Why Corporates Join SWIFT

Page 4: SWIFT Access Service - archive.bottomline.comarchive.bottomline.com/collateral/payments/BSAS Datasheet_81512.pdf · SWIFT Access Service runs on SWIFT’s Alliance software and has

Corporate Headquarters

Portsmouth, NH 03801 USA

tel 1.800.472.1321, +1.603.436.0700

email [email protected]

Europe, Middle East, Africa

Reading, Berkshire RG17JX UK

tel +44.118.925.8250

email [email protected]

Asia-Pacific

Hawthorn East, VIC, 3123 Australia

tel +61.3.9824.6888

email [email protected]

Bottomline.com

© Copyright 2012 Bottomline Technologies, Inc. All rights reserved. Bottomline Technologies and the BT logo are trademarks of Bottomline Technologies, Inc., which may be registered in certain jurisdictions. REV 081512

About BottomlineBottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline to meet their needs for cost reduction, competitive differentiation and optimization of working capital.

“ We could see that Bottomline had successfully implemented their Service Bureau for another corporate with similar requirements to our own. We also received positive references from their customers, our banking partners and our chosen Treasury Management System (TMS) supplier which confirmed that Bottomline Technologies was the leading bureau of choice for corporates. Chris Berris, Group Treasurer, Hunting PLC