ABB and Danske Bank Achieve STP with Nordic Financial Systems Edifact Engine
16 Oct 2002
At todays International Cash & Treasury Management Conference in Amsterdam, Nordic Financial Systems (NFS), the provider of technical and business integration knowledge, announced that ABB, a leading multinational in power and automation technologies, is now using NFSs recently developed Edifact Engine to perform the automatic confirmation of payments with Danske Bank.
NFSs Edifact Engine is enabling multi-bank payments and money transfer instructions to be made from ABBs treasury management system to Danske Bank. The Edifact Engine will increase efficiency, enable straight-through processing, streamline operations and shorten payment times.