Case Studies Highest security standards for payments

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	Highest security standards for payments

Highest security standards for payments

Technology Category	Cybersecurity & Privacy - Security Compliance Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries	Food & Beverage
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services Cybersecurity Services System Integration
Challenge	Royal FrieslandCampina NV faced a highly complex ERP environment due to the simultaneous use of several diverse systems. The payment processes were labor-intensive, relying on local e-banking tools, and there was a lack of cash flow transparency. The company aimed to reduce costs by decreasing the number of banking platforms that needed individual management and sought to establish transparency into comprehensive accounts information across its global subsidiaries. Read More
About Customer	Royal FrieslandCampina NV is a multinational company headquartered in Amersfoort, Netherlands. It develops, produces, and markets a wide assortment of milk products for private and professional users and the grocery trade. The company was created in 2008 from the merger of Royal Friesland Foods and Campina and is a cooperative owned by 19,000 farmers. With a global presence, the company operates in various regions, including Europe and Asia, and has a complex ERP environment due to the use of multiple systems. Read More
Solution	The solution involved deploying the TIS platform as a single point of contact for all payment activities, integrated into a unitary SAP system. This central payment platform enabled the standardization and automation of payment processes. The cloud-based approach made the platform easy to implement and use. Security was a primary consideration, and TIS was certified to the ISO/IEC 27001 standard. The flexible multi-channel deployment of TIS allowed Royal FrieslandCampina NV to connect to banks via the appropriate or desired channel, either by host-to-host or EBICS, ensuring fast connectivity between the banks and the SAP system. Read More Log in to view content
Contents

Technology Category

Cybersecurity & Privacy - Security Compliance

Functional Applications - Enterprise Resource Planning Systems (ERP)

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Industries

Food & Beverage

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

Cybersecurity Services

System Integration

Challenge

Royal FrieslandCampina NV faced a highly complex ERP environment due to the simultaneous use of several diverse systems. The payment processes were labor-intensive, relying on local e-banking tools, and there was a lack of cash flow transparency. The company aimed to reduce costs by decreasing the number of banking platforms that needed individual management and sought to establish transparency into comprehensive accounts information across its global subsidiaries.

About Customer

Royal FrieslandCampina NV is a multinational company headquartered in Amersfoort, Netherlands. It develops, produces, and markets a wide assortment of milk products for private and professional users and the grocery trade. The company was created in 2008 from the merger of Royal Friesland Foods and Campina and is a cooperative owned by 19,000 farmers. With a global presence, the company operates in various regions, including Europe and Asia, and has a complex ERP environment due to the use of multiple systems.

Solution

The solution involved deploying the TIS platform as a single point of contact for all payment activities, integrated into a unitary SAP system. This central payment platform enabled the standardization and automation of payment processes. The cloud-based approach made the platform easy to implement and use. Security was a primary consideration, and TIS was certified to the ISO/IEC 27001 standard. The flexible multi-channel deployment of TIS allowed Royal FrieslandCampina NV to connect to banks via the appropriate or desired channel, either by host-to-host or EBICS, ensuring fast connectivity between the banks and the SAP system.

Impact #1	Complete transparency and control over bank connections, cash flows, and liquidity.
Impact #2	Existing set of payment formats and bank connections could be used immediately by new customers.
Impact #3	Straight-through processing thanks to complete ERP integration.

Impact #1

Complete transparency and control over bank connections, cash flows, and liquidity.

Impact #2

Existing set of payment formats and bank connections could be used immediately by new customers.

Impact #3

Straight-through processing thanks to complete ERP integration.

Benefit #1	Reduced the number of banks from around 70 to a smaller number of main banks.
Benefit #2	Managed three-quarters of nearly 700 accounts with six main banks for cash management.

Benefit #1

Reduced the number of banks from around 70 to a smaller number of main banks.

Benefit #2

Managed three-quarters of nearly 700 accounts with six main banks for cash management.

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Overview

Highest security standards for payments

Operational Impact

Quantitative Benefit