By joining the community, Standard Chartered’s clients who are already part of the corporate network can be onboarded into a digital experience including end-to-end payment processes, automated reconciliation, and real time updated cash position. SAP Multi-Bank Connectivity is a software-as-a-service cloud solution natively integrated to SAP S/4HANA and SAP ERP which is targeted at simplifying connectivity and automating financial transactions between businesses and their financial institutions. The global pandemic has further accelerated the shift to digital banking, resulting in a greater need for both corporates and their banking partners to automate and support real time payments.
Over the last decade, corporates have demanded more from their banks in terms of connectivity, interface, and the amount of information received to support the integration with their enterprise resource planning, treasury and cash management needs.
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