“National Bank of Greece implemented SAP Cash Management and BPI EBS Workbench for Bank Statement Automation to improve global Cash Visibility and controls for NBG’s Nostro bank accounts managed in SAP. The project delivered an integrated solution on time and budget which allows NBG to leverage the rich data content received on bank statements and interfaces to perform various controls and reporting analysis in one System.
We see EBS Workbench as one enabler for us to improve our Cash Visibility for all bank accounts managed in SAP. Bank statement data is provided via our SWIFT interface and loading is automated in SAP for NBG’s Nostro bank accounts held at partner banks in all time-zones.
EBS Workbench performs automatic matching with planned cash flows based on sophisticated and flexible clearing rules. The user-friendly EBS Workbench allows that unmatched items can easily be processed by our Cash Management Team.
Manual matches performed by our team creates reporting data that allows us to continuously improve the interfaces that deliver the planned cash flows. This loop will in return reduce manual work for our Team allowing even more time for data analysis and planning.
It was a pleasure to work with our consulting partners Aspire, our internal IT and BPI and we are very satisfied with the solution provided.”
Thanasis Papadopoulos, Assistant Treasurer - Group Liquidity Monitoring & Funds Allocation at National Bank of Greece