The document discusses the Orbian e-financing and payment system, a joint venture between Citigroup, DCE, and SAP. The Orbian system allows buyers and suppliers to conduct electronic business transactions and payments using "Orbian Credits", which offer benefits over traditional cash-based payments by improving liquidity and payment terms for both parties. SAP has integrated the Orbian process into its financial software, enabling automated payment processing and reconciliation within the SAP system. The system aims to improve organizational productivity, performance and profits through streamlined electronic financing and settlement of business transactions.
The electronic payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash.
True merchant power lies within the point-of-sale. This presentation highlights how important it is for merchants to know all their options; as well as to choose the right service provider.
It has been 34 years since the first online B2B transaction was completed – and much has changed since then. In a time when payment companies are under tremendous pressure to produce more with fewer resources, many are jumping the traditional payments ship and switching over to electronic payments. This slideshare will take you on a journey from paper checks to automation in the B2B space, and unveil the power of AvidXchange's solutions on a company’s bottom line.
The new development, Digital KYC, has proved to be beneficial to the financial institutions for faster KYC verification. Also known as E-KYC, it has made customers' life easier.
Digitalization of banking refers to conducting its existing operations and developing new functions connecting to Banking through Digital Mediums. The presentation has attempted to explore the Digitalization process in Banking industry that took place from the date of independence to till 2018. The presentation invites any constructive criticism or remarks for future improvement.
How To Avoid PCI Pitfalls in Keeping Your SAP® System Compliant and SecurePaymetric, Inc.
Many companies find it challenging to keep sensitive card data out of their SAP® systems.
View this presentation to learn how you can leverage Paymetric's XiIntercept for SAP® to prevent card data from ever entering your SAP environment - minimizing PCI Compliance scope and reducing the risk of a data breach.
For more information, visit www.paymetric.com.
Grow your software product offering with the CardConnect technology stack. This is an overview of Enterprise program, Bolt API & CoPilot Management Tools.
Please contact me at asmith@cardconnectsolutions.com or 619.990.8133 if you have any questions.
Aaron Smith
From Bad to Worse: How to Stay Protected from a Mega Data BreachPaymetric, Inc.
Data breaches are hitting the news now more than ever before and the trend is getting nothing but worse. View our presentation to learn how deep a breach can go, common misconceptions and best practice solutions to keep your SAP-based business protected.
The Most Recommended Fintech Solution Providers 2020The Business Fame
"Welcome to The Business Fame’s exclusive edition, "The Most Recommended Fintech Solution Providers 2020" is our annual feature of the most Recommended Fintech solution providers in today's rapidly growing technology sector. Read on to meet these disruptors, innovators and prepare to be get inspired."
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
The electronic payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash.
True merchant power lies within the point-of-sale. This presentation highlights how important it is for merchants to know all their options; as well as to choose the right service provider.
It has been 34 years since the first online B2B transaction was completed – and much has changed since then. In a time when payment companies are under tremendous pressure to produce more with fewer resources, many are jumping the traditional payments ship and switching over to electronic payments. This slideshare will take you on a journey from paper checks to automation in the B2B space, and unveil the power of AvidXchange's solutions on a company’s bottom line.
The new development, Digital KYC, has proved to be beneficial to the financial institutions for faster KYC verification. Also known as E-KYC, it has made customers' life easier.
Digitalization of banking refers to conducting its existing operations and developing new functions connecting to Banking through Digital Mediums. The presentation has attempted to explore the Digitalization process in Banking industry that took place from the date of independence to till 2018. The presentation invites any constructive criticism or remarks for future improvement.
How To Avoid PCI Pitfalls in Keeping Your SAP® System Compliant and SecurePaymetric, Inc.
Many companies find it challenging to keep sensitive card data out of their SAP® systems.
View this presentation to learn how you can leverage Paymetric's XiIntercept for SAP® to prevent card data from ever entering your SAP environment - minimizing PCI Compliance scope and reducing the risk of a data breach.
For more information, visit www.paymetric.com.
Grow your software product offering with the CardConnect technology stack. This is an overview of Enterprise program, Bolt API & CoPilot Management Tools.
Please contact me at asmith@cardconnectsolutions.com or 619.990.8133 if you have any questions.
Aaron Smith
From Bad to Worse: How to Stay Protected from a Mega Data BreachPaymetric, Inc.
Data breaches are hitting the news now more than ever before and the trend is getting nothing but worse. View our presentation to learn how deep a breach can go, common misconceptions and best practice solutions to keep your SAP-based business protected.
The Most Recommended Fintech Solution Providers 2020The Business Fame
"Welcome to The Business Fame’s exclusive edition, "The Most Recommended Fintech Solution Providers 2020" is our annual feature of the most Recommended Fintech solution providers in today's rapidly growing technology sector. Read on to meet these disruptors, innovators and prepare to be get inspired."
The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
apidays LIVE Australia 2021 - Empowering the fintech ecosystem with APIs by D...apidays
apidays LIVE Australia 2021 - Accelerating Digital
September 15 & 16, 2021
Empowering the fintech ecosystem with APIs
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The OLB Group is a FinTech company offering a suite of product
solutions in the merchant services and payment facilitator verticals,
including a cloud-based omni-channel commerce platform for SMBs,
electronic payment processing, and crowd funding services for
issuers and broker/dealers.
Business plan - Mobile Payment ApplicationPlan Writers
The purpose of this plan is to provide investors with the information necessary to evaluate the scope and future growth of Payment Company in the market place.
Pay It Forward: How AribaPay Can Accelerate Your E-Commerce Strategy by Incre...SAP Ariba
Want to supercharge supplier adoption of your Ariba solutions? Start with something your suppliers will eagerly support--getting paid! With AribaPay, the multiple award-winning B2B payment innovation, you can eliminate paper and risk in your payment process while giving your suppliers the payment visibility and comprehensive remittance they need to forecast and apply cash flow. In this session, you'll hear how the move to networked B2B payment with AribaPay benefits buyers and suppliers and delivers value far beyond the payment itself.
Fast-Track Your O2C Cycle With AR Automation - Techwave.pdfAnil
Sales, supply chain, and compliance aspects make the initial cash cycle a reasonably complex process. AR automation is one way by which organizations can shorten the cash conversion cycle and improve operational excellence. It also allows financial executives to build a solid foundation for a holistic, sustainable O2C process.
Account Aggregators are here to transform the digital lending sector as they bring absolute control for borrowers along with great convenience for lenders making it a win-win for both.
Client Onboarding: Effectively Managing the Client LifecycleDoxim Inc.
The first 90-120 days of your client’s lifecycle is commonly referred to as client on-boarding period. This period represents one of the best opportunities for a wealth management firm to engage with the client and maximize business opportunities. It is also represents an account administration challenge in terms of account opening, asset transfers, needs assessments and data capture. Download this presentation to discover more about:
- The 3 Stages of Client Onboarding
- Client Onboarding Best Practices
- Doxim's onboarding solution - Doxim OpenAdvantage
Visit www.doxim.com for more information.
How do I know when my organization has outgrown spreadsheets for managing cash and risk? What are best practices for improving visibility while standardizing risk controls? What are other companies doing to implement a global risk strategy and minimize the impact of financial, operational, and liquidity risk?
Kyriba's VP Strategy, Bob Stark, addresses these questions, and discusses how CFOs and finance teams face numerous risks and challenges every day. Key topics in this session include: understanding FX risk, optimizing global cash, protecting against payments fraud, tips & tricks to digitize your processes. Originally presented at SuiteWorld 2019 in Las Vegas.
Buy Right, Pay Right – How Procurement, AP, and Treasury Can Work Together fo...SAP Ariba
Is invoice processing efficiency the exclusive focus of your payables automation program? If it is, you may be ignoring opportunities to support payment and working capital strategies that increase cash returns, enable supplier self-service, free up working capital, and improve free cash flow. Attend this session to learn how you can align procurement, accounts payable, and treasury when automating payables to enforce compliance with contracts, gain supplier support for electronic payments, and improve management of cash and working capital..
Acuiti Labs provides SAP Billing (BRIM) services to handle any organisation’s financial transactions through a simple interface.
Contact us
Email id: acuitilabs06@gmail.com
Contact no: +44(0)20 7101 9405
Cloud Computing encompasses a broad range of services that are available upon subscription. With several significant developments, evolution and revolution; cloud technology has evolved to encompass Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Security as a Service, and On Demand Services over the Internet, among others. Apart from this, many vendors have seized the term ‘Cloud’ and are using it for products that sit outside of the common definition of cloud. The cloud marketplace is progressively becoming more diverse, and incoherent, at the same time.
SmartAction responds effectively to a variety of informal phrases (i.e. “I need something after five o’clock this week.”). Customers are now able to reschedule appointments effortlessly, 24/7, and in a timely fashion without live agent assistance.
SmartAction confirms customer availability, delivery time, phone, address, and products to be delivered, completing the entire volume of calls between the desired timeframe (6-8 PM). A voicemail detection solution fully developed by SmartAction leaves messages for customers who do not answer.
Case study Royal Caribbean Cruise LineRichard Page
SmartAction's AI powered virtual agent provides a way to differentiate the customer experience for their five million yearly guests, while maximising efficiency in the contact centre.
AI Powered Virtual Agent for Call Centres Richard Page
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Have you the marketing resources needed to generate plenty of sales?Richard Page
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British Gas - Success story with Basis TechnologiesRichard Page
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Design and content done by Richard Page - Director.
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Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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Archive » 2001 (Volume 2) » October (Issue 4)
E-Financing and Settlement with mySAP.com: Electronic
Trading in the New Economy Using Orbian Credits
by Richard Page, SAP AG
Productivity, performance, and profit - three areas that every organization consistently
tries to maximize. Historically, organizations have used a range of initiatives including
supply chain management and enterprise resource planning. Now, they have turned to
collaborative business processing.
With the emergence of the Internet, new opportunities have arisen to further
maximize these objectives. One of these opportunities is the electronic financing and
payment of purchasing transactions between buyers and suppliers.
Global financial services company Citigroup, British research and development
company DCE, and SAP came together to form Orbian, a joint venture to launch a
payment system for online business purchases. The Orbian system delivers the ability
to close the payment loop electronically. Closing the loop can improve organizational
productivity, increase performance, and increase profits.
In today's cash-based world, buyers and suppliers have conflicting interests when it
comes to the costs of short-term funding. Buyers want to defer payment as long as
possible, while suppliers want settlement of receivables in cash as soon as possible
after shipping the goods and sending the invoice. Every day earlier that suppliers can
get their funds is one less day that they have to borrow from potentially costly
sources. For buyers, every day that they can defer payment preserves liquidity and
reduces the need to borrow short-term working capital. The Orbian system fulfills and
reconciles the requirements of both the buyer and supplier.
Orbian achieved this by developing a unique new form of electronic payment
obligation called an Orbian Credit. Orbian Credits are liquid and highly flexible. They
can be used to pay multiple suppliers who receive immediate, non-recourse credit, and
they can eliminate the lengthy settlement processes that currently slow down the
speed and efficiency of e-business transactions.
How Orbian Works
First, both buyers and suppliers must be Orbian members. A buyer orders goods or
services from its supplier. The supplier then triggers the settlement process. This
trigger could be an electronic payment request over the Internet or a marketplace - or
even a traditional invoice. The buyer responds to this trigger by instructing Orbian to
issue a payment in the form of an Orbian Credit to its supplier, with an agreed-on
maturity date that is later than the trading partners' usual cash settlement date.
In issuing the Orbian Credit, a transfer of responsibilities occurs. The buyer has
settled its obligation with the supplier while simultaneously taking on an obligation to
settle the cash payment to Orbian at the maturity date. Through this process, the
buyer has deferred the payment at a cost that is lower than traditional borrowing.
When the supplier receives the payment from Orbian in the form of an Orbian
Credit, it is a promise by Orbian to pay the supplier on the maturity date. The supplier
can use this Orbian Credit in one of three ways:
Use it to pay obligations to other suppliers by Orbian Credit
Use it to discount all or part of the Orbian Credit into cash before its maturity
date
Wait and receive the full cash value of the Orbian Credit on its maturity date
Figure 1 takes you through each of these options. The supplier benefits by
obtaining access to the value of its invoices at a much earlier date and at a lower cost
than traditional factoring or discounting. The service, the infrastructure, the payment,
and the trigger are all electronic, and they are all processed online or in real time.
Figure 1Payment Process Using Orbian Credits
SAP has integrated the Orbian e-financing and payment process into the mySAP
Financials solution and the SAP Cash Management component. This brings with it
significant advantages in terms of automatic payment processing. Within the SAP
system, users can designate open items for payment using Orbian Credits as the
payment method, and a payment run is then initiated (see Figure 2). This generates a
file that is subsequently uploaded to Orbian. The Orbian system processes the
payment and posts it to the supplier's account.
Figure 2Payment Process Using Orbian Credits
The daily Orbian statement is then downloaded to the SAP system, where the
postings are executed in the same way as a bank statement, and the open items are
cleared.
The Benefits
A buyer can significantly reduce its working capital requirements by slightly pushing
out payment terms to take advantage of the reduced finance rates offered by Orbian.
Alternatively, it could negotiate better product pricing. In addition, buyers reap
significant savings by streamlining accounts payable and automatic open item
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