openPR Logo
Press release

Hofer KG opts for MultiCash Transfer

07-07-2014 07:15 PM CET | IT, New Media & Software

Press release from: Omikron Systemhaus GmbH & Co. KG

International Payment Hub allows systems to be centralized

With a view to the impending changes in international payments due to SEPA, Hofer KG decided to re-organize its Electronic Banking systems and related workflows. At the heart of the new solution is Omikron’s MultiCash Transfer, acting as a central payment hub for several countries. One of Austria’s leading retail businesses, Hofer KG operates more than 440 branches across the country. Within the Aldi Süd corporate group Hofer KG acts as internal service provider for activities in Austria, Switzerland, Hungary and Slovenia. The decision for MultiCash Transfer was made as part of a project to centralize payments, during which Hofer KG assessed a number of systems to find the one which best fulfilled its requirements. Important aspects analysed included connectivity to international banks via recognized standards, compliance with corporate security regulations and support for advanced options for automating workflows.

The centralized MultiCash Transfer Payment Hub allows Hofer KG to phase out a number of stand-alone MultiCash systems provided by the banks and used locally in Hofer KG’s countries of operation. This hub now forms the basis on which the corporate can increase its efficiency in handling payments and can drive forward automation and standardisation.

One key benefit of MultiCash Transfer is the use of the Electronic Banking Standard MCFT (MultiCash File Transfer). This is widespread in Europe and is supported by more than 90 percent of all banks in Austria. This allows Hofer to benefit directly from the strong international footprint of MultiCash and Omikron’s longstanding experience with corporates and banks in its countries of operation. For Hofer KG, the product comes together with a service package from Omikron, tailor made to its requirements. This one-stop shop for the Payment Factory software solution and services means that the corporate can be confident that the system will operate smoothly. At the same time, it also ensures that the corporate can react quickly and flexibly in case of future changes in payments.

Omikron Systemhaus GmbH & Co. KG

Omikron Systemhaus focusses on e-banking and cash management solutions, and in its 25 years of existence has become market-leader in this field. Omikron’s MultiCash product suites, which range from Electronic Banking to Online Banking and Payment Factory solutions cover the entire spectrum of requirements for mid- to large corporates. MultiCash®, first launched in the 1980s, is in the meantime among the most established solutions across Europe and beyond for classic corporate e-banking. MultiCash Transfer® is tailored to corporates requiring a consolidated, central, bank-independent system to automate payments and cash management, as well as to connect seamlessly to in-house systems. Omikron’s software is constantly maintained to comply with technical enhancements and developments in the banking world. In addition, the modular structure allows the products to be fine-tuned to the requirements of each individual user.

Omikron products are available for more than 20 countries and in 17 languages, supporting about 200 national and international payment formats, as well as all European standards for customer-bank communication. Omikron backs this up with an all-round service portfolio, including a multilingual helpdesk, active product maintenance as well as training and powerful web-based support tools. The backbone of Omikron’s success in building rich and longstanding relations with its customers is the in-depth experience in project management, the international partner network and a strong emphasis on personal relationship.

Omikron Systemhaus GmbH & Co. KG
Von-Hünefeld-Str. 55
D-50829 Cologne
Press contact: Birgit Ullrich
Tel.: +49 (0) 221-595699-191
Fax.: +49 (0) 221-595699-7
e-mail: pr@omikron.de

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hofer KG opts for MultiCash Transfer here

News-ID: 291117 • Views:

More Releases from Omikron Systemhaus GmbH & Co. KG

Security in the new MultiCash Generation - TÜV Certificate
TÜV Saarland has awarded the state-of-the-art security architecture of the MultiCash e-banking software an official certificate confirming its high level of security. Following an extensive and systematic audit lasting several months, TÜV Saarland has certified the MultiCash Application Framework 4.0 for secure data management, encrypted data exchange, secure data access and audit-proof records. For both banks and corporates, IT security is becoming increasingly important. One particularly critical area is payments and cash
The new MultiCash generation sets standards for Electronic Banking
Innovative usability, strong security standards and support for new global payment options – Omikron presents the new MultiCash Generation With the new generation of Omikron’s MultiCash, the next chapter for electronic payments business can begin. Characteristic for this e-banking software is the intuitive user interface, which can be adapted to the individual needs of each user. Despite the rich range of functions, the user has a clear, easy-to-use set of screens
RWE AG integrates MultiCash Transfer into the group-wide international Payment F …
RWE AG, who can be counted amount Europe’s leading gas and electricity providers continuously optimise its business processes. Part of this activity was to centralize handling of payments within the group to one standard Payment Factory. Beyond standardizing payments, it was of central significance for RWE to ensure that the solution was as automated as possible and complied with all internal security requirements. Of course, the new system also has to

All 4 Releases


More Releases for MultiCash

Security in the new MultiCash Generation - TÜV Certificate
TÜV Saarland has awarded the state-of-the-art security architecture of the MultiCash e-banking software an official certificate confirming its high level of security. Following an extensive and systematic audit lasting several months, TÜV Saarland has certified the MultiCash Application Framework 4.0 for secure data management, encrypted data exchange, secure data access and audit-proof records. For both banks and corporates, IT security is becoming increasingly important. One particularly critical area is payments and cash
The new MultiCash generation sets standards for Electronic Banking
Innovative usability, strong security standards and support for new global payment options – Omikron presents the new MultiCash Generation With the new generation of Omikron’s MultiCash, the next chapter for electronic payments business can begin. Characteristic for this e-banking software is the intuitive user interface, which can be adapted to the individual needs of each user. Despite the rich range of functions, the user has a clear, easy-to-use set of screens
The German Cooperative Banks opt for the MultiCash SEPA All-round Suite
The German cooperative banking group is licensing Omikron’s full SEPA product range, via its central institutes DZ BANK AG and WGZ BANK AG The introduction of SEPA is a major step towards one standardized payments area across Europe. By 1st February 2014, most of the legacy national settlement schemes will give way to the central SEPA clearing structure for euro transactions. With time pressing, many corporates are now looking for flexible
Deutsche Telekom Accounting extends its MultiCash solution with SWIFT 3SKey
SWIFT’s 3SKey has become the latest device for secure personal authentication and digital signature to be supported in Omikron’s MultiCash solutions. The payments team at Deutsche Telekom Accounting’s international Shared Service Centre has successfully implemented the device in its MultiCash Transfer Payment Factory and tested the solution with the corporate’s main bank in France, in conjunction with the French version of the EBICS communication standard. Omikron’s MultiCash product lines are designed
Omikron integrates SWIFT connectivity in MultiCash Transfer
Omikron has realized a direct connection to banks via the SWIFT network in MultiCash Transfer. This means that the use of the SWIFT network, via which virtually all banks worldwide can be reached, is now an additional option for multi-national corporates to manage their payments processing. Designed as a bank-independent platform for the optimal connection of corporates to their banks, MultiCash Transfer is now well established and at the heart
Omikron’s MultiCash is successfully launched in China
Omikron’s MultiCash e-banking solution has now been launched officially in the Chinese market. The launch follows three years of preparation activity by Omikron in China, together with a Beijing-based competence centre, Profimore Technology Ltd. Discussions with banks and large Chinese corporates revealed a keen interest in state-of-the-art solutions for cash management and payments, to increase the efficiencies in daily corporate operations. Now Omikron can provide its Chinese customers with a