Hanse Orga Offers Bank Fee Analysis According to TWIST BSB

Hamburg: With the new release 2.0 of the specialised software FinanceSuite eBAM (electronic Bank Account Management) Hanse Orga now offers a tool for the automated bank fee analysis. With these new features, Hanse Orga has now been officially recognised by TWIST, the international organisation for the standardisation of bank fee, as software provider for the analysis of bank service fees and has been included in their list of references.

This officially confirms that the Hanse Orga solution FinanceSuite eBAM complies with the requirements of the TWIST BSB 3.1 standard for bank fee statements. This reference will be published in the TWIST newsletter in 2014. TWIST has developed the so-called Bank Service Billing Standard for service charge statements in the electronic XML format in order to enhance the harmonisation and transparency of bank fee statements sent from banks to their customers.  

The FinanceSuite eBAM enables companies, amongst others, to process these standardised bank fee statements automatically within their SAP system, to analyse them and to automatically start dispute workflows where necessary. Besides TWISTS BSB the integrated Hanse Orga solution also supports bank fee statements including ISO 20022 camt.086.001.01 and the US format Ansi x.12 822 (“Bank Analysis”).  

“The standardisation of bank fee statement formats is another important step in the direction of further straight-through processing in the communication between banks and companies. With our FinanceSuite eBAM we offer a future-proof, SAP-integrated module, and help achieve an automated and optimised processing of these standardised formats. We are convinced that a fast and reliable analysis of the actual bank fees compared to the planned fees will deliver a significant added value to companies”, says Sven Lindemann, Chief Executive of Hanse Orga.