More than 100 participants at the MultiCash Communication Day in Cologne

Representatives of corporates took the opportunity to learn more about current challenges and solutions for international payments.

"How can corporate-wide payment mechanisms be consolidated and the benefits of international formats such as SEPA and CGI be used within the framework of a Payment Factory?"– This question was the central theme of this year‘s MultiCash Communication Day.  How relevant this question is for corporates has already been shown by the great interest in the event, because due to the large number of participants the MultiCash Communication Day took place for the first time outside Omikron’s premises. The Dorint Hotel in Cologne-Deutz provided the appropriate backdrop for the presentations to more than 100 participants, accompanied by lively discussions.

A bankers perspective on how banks corporates can use a standardized communication channel to consolidate their payments was presented by Andrej Ankerst of BNP Paribas. An option to use EBICS to make local payments worldwide is attractive streamlining access to all international accounts. Corporate payments and cash management can then be managed using a central Electronic Banking system. Further possibilities for optimizing payments were introduced by Axel Goedecke from the renowned consulting group Horváth & Partners. In particular, this presentation concentrated on the individual stages which a corporate must take to build a Payment Factory solution.

Gregor Opgen-Rhein followed on from this, providing and outline of how Omikron’s MultiCash can be extended in simple steps to build a Payment Factory. With the experience of over 150 successful Payment Factory and In-House bank implementations, Omikron was in an ideal position to provide those present with useful tips - in particular regarding formats and communication channels.

The program was rounded off by a first look at the next generation of the internationally widespread Cash Management solution MultiCash, which will again set the benchmark for modern Electronic Banking solutions. This presentation included an important innovation covering requirements for Bank Account Management (BAM). This add-on package supports corporates when administering and analysing bank accounts, powers of attorney and bank fees.

The day concluded with opportunity to exchange experiences and enjoy the view of the Rhine over a glass of Kölsch.