Payments & collections

To ensure the smooth integration of systems and to give you the best choice of messaging format, Nordea maintains a close dialogue with both global and domestic software-vendors of ERP and TM systems and collaborates with other partners within system-implementation, bank-communication and file-conversion services.

Working with Nordea on system integration can help you to

• Gain a clear overview of your current systems so you can begin to optimise the best integration plan for your organisation
• Improve internal resource allocation by reducing administrative work for your team and by reducing errors
• Recognise the best ERP and TM systems for your organisation – and to build realistic timelines for integration so project costs do not overrun
• Get up to speed with the latest regulations and integrate new standards for data format and messaging, such as ISO20022XML, new SWIFT developments and other initiatives
• Plan for the future in terms of merging, migrating or updating your current ERP and TMS or moving to cloud-based systems, as a way of simplifying the system integration task

An implementation of a cash management solution can be a large and complex task and it requires highly committed resources and a well-structured processes. As soon as you reach an agreement to choose Nordea’s Cash Management offering, the implementation planning and timeline is agreed and a dedicated team is established. You will work closely with a team of specialists with specific knowledge and experience of your requirements that are dedicated to securing a structured process and high quality solution.

If you would like to find out more, contact your local Nordea adviser.