Working Towards Greater Standardization in Electronic Bank Account Management

Hanse Orga is now an active member of the Common Global Initiative-Market Practice (CGI-MP). In the corresponding working groups 4 and 5, which specifically deal with the harmonization of eBAM and TWIST BSB/camt.086 messages, we contribute our expertise and best practices gained in our numerous customer projects with our software FinanceSuite eBAM.

Global standards are the foundation for significantly simplified processes in bank account management and bank fee analysis. Previously, bank account management and bank fee analysis processes are dominated by manual processes and paper-based documents. Standardized electronic message formats, which the CGI-MP group is working on, can digitize these processes and, thus, speed them up significantly in the future.

As a first result of working group 4, the harmonization process for eBAM messages (ACMT.0XX.XXX.XX) has been completed successfully. The focus of the new working group 5 lies on the harmonization of the bank fees statement analysis TWIST BSB/camt.086 messages.
You can find additional information in the CGI-MP Resource Center.

Please contact us, if you would like to know how you can control your bank account management and the analysis of your bank fees more efficiently and thus in a significantly more productive and cost-saving manner. We are happy to support you and to tell you more about our FinanceSuite eBAM!