Treasurers and cash managers in Germany are familiar and confident with the use of EBICS to communicate with their banks for domestic payments and cash management. An innovative new proposition from BNP Paribas, ’Global EBICS’, provides the ability to leverage EBICS not only domestically, but regionally or even globally.
A market standard for Germany
EBICS (Electronic Banking Internet Communication Standard) is the most commonly used communication channel in Germany, used by around 95% of corporations. Treasurers and finance managers are attracted to high levels of security, signature workflow and the ability to communicate in a consistent way with all banks in Germany using standard formats. Furthermore, EBICS can be integrated with the company’s ERP (enterprise resource planning) system and/or TMS (treasury management system).
Expanding the value of EBICS
As a major cash management bank in Germany, we at BNP Paribas are committed to supporting our customers’ payments and cash management requirements both within Germany and internationally. With most of our customers in Germany connecting to the bank via EBICS, we wanted to extend the same convenience, security and standardisation to their cash management business globally. To achieve this, we have expanded the use of EBICS across our entire network (‘Global EBICS’), enabling customers in Germany to leverage EBICS as a single, convenient and familiar protocol for their cash management activities, such as making payments and retrieving bank statements, not only domestically, but wherever in the world they do business with BNP Paribas.