SAP Packaged Service - UK Bank Validator

SAP Packaged Service - Global Bank Validator

SAP - Global Bank Validator provides full validation of SWIFT codes, IBAN numbers, UK sort codes and bank account numbers and provides essential contact information for banks worldwide.

Incorrect bank details cause financial transactions to be rejected by the banking payment networks. Many financial institutions now impose penalty charges when payments fail due to incorrect bank details.

Rejected transactions cause further disruption to your business, because the provider of the bank details must be contacted, the correct details obtained and re-entered into your system before the transaction can be resubmitted.

The Global Bank Validator Packaged Service provides validation of your banking data, thereby preventing rejected transactions. Designed specifically for operation with SAP ERP systems, Global Bank Validator allows your business critical electronic payments to work smoothly and efficiently, exactly as they should.

Benefits

Business Operations

Improve efficiency in Accounts Payable and Accounts Receivable departments
Improve cash flow since electronic payments work first time
Reduce costs - payment rejections caused by erroneous bank details can cost up to £50 of your employee’s time to correct
Avoid penalty charges resulting from submission of incorrect data
Allows fully automated paperless direct debit setup
Prepares your business for SEPA

IT Operations

Reduced maintenance overhead
No upgrade issues

Data Integrity

The Global Bank Validator Packaged Service identifies banking data errors at the point of entry into your SAP system, ensuring the integrity of your data at all times

Features

Validates any IBAN
Verifies that SWIFT code exists and is in use (not just a simple format check)
Lookup contact information for banks worldwide
Verifies that UK sorting code exists and is in use (not just a simple format check)
Validation of any standard or non-standard UK sorting code and bank account number
Check valid transaction types of specified UK bank branch
Retrieve important clearing information for specified UK bank branch, e.g. allowed transaction types.
Transposes non-standard UK bank details into BACS standard format

The Global Bank Validator Packaged Service is a suite of software utilities, at the core of which lies the powerful BankVal^® validation engine and a database of regularly updated banking information.

Approved by SAP, the Global Bank Validator Packaged Service is designed specifically for operation with SAP ERP systems.

Contact Us

To find out more about the UK Bank Validator Packaged Service, please contact our sales team at:

email: sales@unifiedsoftware.co.uk
tel: +44(0)191 305 5046