Case Studies Increased productivity thanks to automated payments

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	Increased productivity thanks to automated payments

Increased productivity thanks to automated payments

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries	Professional Service Software
Applicable Functions	Business Operation Quality Assurance
Use Cases	Predictive Maintenance Process Control & Optimization Remote Asset Management
Services	Cloud Planning, Design & Implementation Services Software Design & Engineering Services System Integration
Challenge	NTT Security faced several challenges with their decentralized payment processes, including higher risks of insecurity and non-compliance, reduced productivity due to managing individual e-banking systems, and a lack of a central overview of bank accounts and authorized signatories. The company aimed to further automate payment transactions and bank statement processing, increase auditing acceptability, introduce a unified authorization concept across all banks, and outsource payment format development and maintenance to save on internal IT resources. They also wanted to have all payment-related data available in one system for analytical purposes. Read More
About Customer	NTT Security is the specialized security company and the center of excellence in security for NTT Group. With embedded security, NTT Security enables NTT Group companies (Dimension Data, NTT Communications, and NTT DATA) to deliver resilient business solutions for clients’ digital transformation needs. NTT Security has 10 SOCs, seven R&D centers, over 1,500 security experts, and handles hundreds of thousands of security incidents annually across six continents. The Treasury department, founded in 2009, is responsible for cash and risk management, as well as banking policies for 20 national subsidiaries in EMEA, the USA, and the Asia Pacific region. Read More
Solution	NTT Security chose the Enterprise Payment Optimization Platform by TIS after a call for tender in 2016. The companywide implementation of SAP S/4HANA began shortly afterward, facilitating the Straight Through Processing of both IDoc payment files and bank statements. The Bank Account Manager module of the TIS payment platform was implemented for the central administration of bank accounts distributed around the world. The TIS platform enabled standardized processes for bank communication, payment processing, and bank statement processing. The platform automatically imports bank statements into SAP every morning and fetches IDoc payments from SAP to the payment platform, requiring only approval from authorized signatories. This fully automated process eliminated manual intervention and the possibility of manipulation. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Functional Applications - Enterprise Resource Planning Systems (ERP)

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Industries

Professional Service

Software

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Predictive Maintenance

Process Control & Optimization

Remote Asset Management

Services

Cloud Planning, Design & Implementation Services

Software Design & Engineering Services

System Integration

Challenge

NTT Security faced several challenges with their decentralized payment processes, including higher risks of insecurity and non-compliance, reduced productivity due to managing individual e-banking systems, and a lack of a central overview of bank accounts and authorized signatories. The company aimed to further automate payment transactions and bank statement processing, increase auditing acceptability, introduce a unified authorization concept across all banks, and outsource payment format development and maintenance to save on internal IT resources. They also wanted to have all payment-related data available in one system for analytical purposes.

About Customer

NTT Security is the specialized security company and the center of excellence in security for NTT Group. With embedded security, NTT Security enables NTT Group companies (Dimension Data, NTT Communications, and NTT DATA) to deliver resilient business solutions for clients’ digital transformation needs. NTT Security has 10 SOCs, seven R&D centers, over 1,500 security experts, and handles hundreds of thousands of security incidents annually across six continents. The Treasury department, founded in 2009, is responsible for cash and risk management, as well as banking policies for 20 national subsidiaries in EMEA, the USA, and the Asia Pacific region.

Solution

NTT Security chose the Enterprise Payment Optimization Platform by TIS after a call for tender in 2016. The companywide implementation of SAP S/4HANA began shortly afterward, facilitating the Straight Through Processing of both IDoc payment files and bank statements. The Bank Account Manager module of the TIS payment platform was implemented for the central administration of bank accounts distributed around the world. The TIS platform enabled standardized processes for bank communication, payment processing, and bank statement processing. The platform automatically imports bank statements into SAP every morning and fetches IDoc payments from SAP to the payment platform, requiring only approval from authorized signatories. This fully automated process eliminated manual intervention and the possibility of manipulation.

Impact #1	The TIS platform has been adopted by nearly all national subsidiaries, simplifying the work of the accounting departments.
Impact #2	The Treasury Team in Munich acts as a system administrator, internal support center, and knowledge center.
Impact #3	The TIS platform archives audit evidence of payment approval in the central Bank Transaction Manager, providing a comprehensive overview of all bank accounts.

Impact #1

The TIS platform has been adopted by nearly all national subsidiaries, simplifying the work of the accounting departments.

Impact #2

The Treasury Team in Munich acts as a system administrator, internal support center, and knowledge center.

Impact #3

The TIS platform archives audit evidence of payment approval in the central Bank Transaction Manager, providing a comprehensive overview of all bank accounts.

Benefit #1	NTT Security manages about 60 bank accounts in 17 countries.
Benefit #2	The company cooperates with seven global banks.
Benefit #3	The TIS platform has been in use since the end of 2016.

Benefit #1

NTT Security manages about 60 bank accounts in 17 countries.

Benefit #2

The company cooperates with seven global banks.

Benefit #3

The TIS platform has been in use since the end of 2016.

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Overview

Increased productivity thanks to automated payments

Operational Impact

Quantitative Benefit