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Convista Asia
Advantage of SAP Multi Bank Connectivity - CONVISTA
asiaconvista.blogspot.com/2022/10/advantage-of-sap-multi-bank.html
SAP Multi-Bank Connectivity (MBC) now communicates directly
with Banks
SAP MBC (Multi-Bank Connectivity) once again lives up to its name by strengthening
communication with banks. One of SAP's pending subjects was to establish direct
connectivity, without intermediaries, directly with the banks.
The dependence on a financial messaging provider in the deployment of SAP BCM
(SWIFT, Service Bureau, etc.), was always a handicap and opened the door to other
types of connectivity models through non-SAP TMSs, such as Kyriba, Sungards, and TIS,
etc.
SAP, on the other hand, had solutions that enabled connectivity with European
messaging networks such as EBICS (exclusively applicable in Germany, France, Austria,
and Switzerland) or facilitated integration with SWIFT's Autoclient software (Alliance

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Lite2).
In the past, it had tried to act as an alternative agent to the Service Bureau, through the
SAP FSN (Financial Service Network) solution, but without success, making it
dependable on third parties within the SWIFT framework.
In the past, it had tried to act as an alternative agent to the Service Bureau, through the
SAP FSN (Financial Service Network) solution, but without success, making it
dependable on third parties within the SWIFT framework.
To fill this historical gap, and to have the End to End process fully integrated into the ERP,
SAP has launched the Multi-Bank Connectivity tool, following an agreement reached with
SWIFT on 21 March 2018, both joining forces to bring the banking experience to a higher
level for treasurers.
SAP Multi-Bank Connectivity is implemented in the SAP Cloud Platform Integration, and
the deployment model in S/4HANA on cloud architectures is natively predefined. In the
rest of the scenarios, communication must be established through predefined and
configurable tools.
The main advantages of SAP Multi-Bank Connectivity are:
End-to-End Visibility: Provides the treasurer with visibility of the payment status
from the beginning to the end of the process. Integrated traceability is the main
feature of the SAP solution.
Automation: The file and message exchange process is fully automatic and
integrated with SAP BCM.
Global banking platform: A large banking "collective" is created to which new banks
will be added.
Support: Technical support is provided by SAP and by partners specialized in
banking connectivity models such as CON VISTA.
Costs: Cost reduction concerning the rest of the current alternatives.
Simplification: The technical architecture is simplified, having everything integrated
into your SAP system.
Standardization of formats: Adaptation and interpretation of different banking
schemes.
These are the main advantages provided by SAP Multi-Bank Connectivity, but we believe
that some of them need to be further developed.

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It is important to highlight that the global banking platform that SAP has created with this
solution, (to date approximately 60 integrated banks) means that the process of
connecting a company to one of these banks can be carried out in approximately 1-2
days.
What if the bank we are working with is not in the network? SAP will establish the bank
connection with that entity, and the deployment time can range from 4-8 days if any SAP
customer with Multi-Bank Connectivity has already connected to that entity.
In the case of a completely new entity, the process could take between 2 and 4 weeks.
These connections can be of different natures, but through SAP
Multi-Bank Connectivity we will be able to establish the
connection:
Host to Host
SWIFT Alliance Lite 2
EBICS
The combination of Host to Host, SWIFT Alliance Lite 2, and EBICS
In the SAP Multi-Bank Connectivity solution, the costs to be considered
would be:
Network connection costs
Cost of using the network (number of transactions sent)
Costs are billed directly by SWIFT if this is the connectivity model adopted
Once connected, the platform will allow format conversions to be made and it will interpret
different incoming messages, which will update the status of your payments in real time.
In addition, it will simplify, in the security framework, the encryption and digital signature of
the information exchanged.
These are advantages that currently require a great deal of additional effort for
configuration and programming, or the acquisition of third-party software.
Finally, it should be noted that this solution is focused on banking communication, but the
objective is that in the future they can give it much more versatility, enabling
communication gateways with the different trading agencies (360T, FX Trading, Reuters,
Bloomberg, ...) for the direct contracting of financial products and their monitoring through
the Correspondence Framework of TRM.
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