SAN FRANCISCO, CA -- 10/05/09 --
BankServ (www.bankserv.com), worldwide
experts in electronic payments, today announced the successful
implementation of its new SWIFT Corporate Solution for BMC Software, a
leading global provider of business service management solutions, located
in Houston, Texas. The new SWIFT implementation will make international
financial transactions less expensive, while improving both payment and
treasury operations.
The most comprehensive solution available, BankServ's Corporate Solution
was selected by BMC because it included all the software, hardware and
services BMC needed to enable cost-effective integration between the SWIFT
network and the company's back-office systems. BMC originally used multiple
systems and protocols to transmit their payment and transactions to
multiple international banks. According to Chet Fenner, BMC's Treasurer,
"these systems were costly to maintain and didn't enable any sort of
integration with our treasury management and enterprise resource planning
system. We wanted to consolidate these systems by using the SWIFT network
and gain better visibility and management of our cash flows and
transactions."
The BankServ Corporate Solution is based on a service bureau model that
includes all the essential operations and support services BMC needed
without having to purchase and maintain any systems in-house. Professional
project management and implementation services were provided throughout the
project, as well as 24/7 technical support for ongoing upgrades, disaster
recovery and essential maintenance requirements.
BankServ's integrated MessagePro payment mapping application is a critical
component of the solution because it enables the exchange and
straight-through-processing (STP) of any message format between any
back-office system at a corporation and its banks. MessagePro takes each
transaction, transforms the message format according to a specific bank's
requirements and delivers it through SWIFT's FIN services for regular wire
transfers or through SWIFT's FileAct services for all other formats,
including XML, EDI, and I-File.
"BankServ is pleased to have worked so closely with BMC to resolve any
issues and develop a cost-effective solution that will improve STP and
treasury operations," comments Mary Ellen Putnam, BankServ's Vice President
and General Manager, International. "This customer-relationship is critical
to the success of the project."
Contact BankServ at +44 (0) 20 7562 7620 outside the United States or (415)
277-9900 in the United States. Corey Walsh, treasury director at BMC
Software, will also be giving a 15-minute presentation on their SWIFT
implementation at the BankServ booth #1037 at the AFP Annual Conference,
October 4-7, in San Francisco.
About BankServ
Since 1996, BankServ has been developing and delivering leading-edge
electronic payments and messaging solutions for over 400 financial
institutions and corporations across the globe. More information about
BankServ can be found at www.bankserv.com.
