Cash & Liquidity Management

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EBICS: A Global Value Proposition An innovative new proposition from BNP Paribas, ’Global EBICS’, provides the ability to leverage EBICS not only domestically, but regionally or even globally.

EBICS: A Global Value Proposition

by Andrej Ankerst, Head of Cash Management, Germany and Stephanie Niemi, Marketing e channels, BNP Paribas 

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.

The ‘Global EBICS’ solution also enables our corporate customers to benefit from the value-added services offered by BNP Paribas at a global level, such as:

  • A sophisticated offer for cross-currency payments;
  • Traceability services with Payment Status Report messages (pain002 messages, including DK version) available for all payment/collection methods across the BNP Paribas footprint;
  • Enhanced reporting services for improved reconciliation e.g.,
    - debit/credit advices for SEPA transactions (camt054)
    - virtual accounts solution
  • Customised end of day account statements with enriched information (e.g., German GCV codes).

Furthermore, as Martin Postweiler, Treasury Intelligence Solutions GmbH demonstrates (Box 2), Global EBICs is highly complementary with corporate cash and treasury management solutions.

The ability to leverage EBICS for global cash management, rather than simply domestic cash management, has been received enthusiastically by customers across a wide range of industries, particularly mid-market companies (the so-called Mittelstand segment). Many of our German customers work with BNP Paribas in a number of countries globally, or are planning to do so, so they recognise the benefits of leveraging a single communication channel globally, rather than implementing a separate channel for international cash management. Furthermore, it allows companies that currently use multiple channels to rationalise these and replace them with EBICS, improving controls and reducing costs.

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