XRT upgrades business exchange platform

Source: XRT

XRT, a leading financial software supplier covering the entire Financial Value Chain (FVC), announces the release of XRT Business Exchange (v.10.5), a pivotal element of XRT's financial value chain management solution portfolio.

SWIFTNet integration, expanded payment factory functionality, and significant improvements in scalability and performance are key enhancements included in the new version. XRT also announces today that its XRT Business Exchange (v.10.5) solution has achieved certified integration with the mySAP ERP Financials application through integration with the SAP Financial EDI (FI-EDI 4.0) scenario, thus helping to ensure optimum interoperability, security and workflow monitoring between clients' SAP solution-based systems and banking systems.

XRT Business Exchange is XRT's web-enabled communication and integration solution that securely exchanges financial data between a company's information systems and its trusted banking and trading partners. The new release of XRT Business Exchange delivers a highly scalable, distributed architecture. This feature is critical to large, high-volume organizations, such as global treasury shared service centers and payment factories. It also offers SWIFTNet integration, which is becoming more important to organizations as the industry is embracing XML messaging as the future Internet standard for intra- and inter-company communications.

XRT Business Exchange provides interfacing capabilities with all major enterprise resource planning systems and can consolidate payment flows from multiple systems. Achieving SAP certified integration for this latest version of XRT Business Exchange helps assure compatibility with SAP solution-based management systems.

Interoperability between clients and banking systems is key to the seamless flow of essential data, and XRT is committed to delivering fully secure communication solutions. Achieving SAP certification demonstrates this commitment by providing companies the ability to send payments, in SAP solution-based formats, to their banking partners. By leveraging XRT's extensive knowledge base and library of pre-defined national and international standards and financial data formats, data is automatically converted to the required format. Companies also have the ability to import bank data into their SAP solution-based systems and reconcile this data with accounting entries.

The new version of XRT Business Exchange also offers new payment features to further enhance the solution's payment factory functionality. Companies now have the ability to streamline payments both domestically and internationally, significantly reducing banking and other transaction fees.

Jose Teixeira, Corporate Senior Product Manager at XRT, said, "With these new enhancements, XRT continues to lead the way and build on its experience with treasury shared service centers and payment factories around the world, based on industry formats and standards. By combining greatly increased functionality and further support for industry-standard systems and formats, we offer a solution that enables an organization to more effectively manage its financial value chain."

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