John Adams of Bank Technology News refers to Sierra Atlantic’s approach as “right on” when it comes to improving the linkage between corporate Enterprise Resourcing Planning (ERP) systems and bank treasury management operations.  In a recent interview with Sierra Atlantic CEO Raju Reddy, John and Raju discussed the complexities of payments processing and the need for a turnkey solution that benefits both the banks and their corporate customers. 

BankON offers a standardized integration that enables corporates to automate payables, receivables and account reconciliation activities in order to streamline operations and reduce costs.  Banks are able to reduce the time-to-connect with their corporate customers and reduce costs related to the development and ongoing support of one-off integrations.  Both banks and their corporate customers realize a very quick return on their investment. 

You can access the Bank Technology News article directly at: http://www.americanbanker.com/btn_issues/

Stateside, we’re headed to San Antonio, Texas next for the AFP Annual Conference. Billed as ‘The Most Important Event for Treasury and Finance’, we are looking forward to exhibiting amongst the 200+ cutting-edge service providers in attendance.

Don’t forget that you can always check in on the latest BankON™ news at the Sierra Atlantic website!

We have several topics today that I wanted to touch on since our last communication before the NACHA show in Seattle:  the NACHA Payments Conference, the importance of STP and BankON™ 2.0

NACHA Payments Conference – Seattle, WA – April 25 – 28, 2010

The NACHA Payments Conference was a fantastic show.  Hundreds of banks and Corporations got together to share best practices on electronic trading, secure networks and new ways to initiate payments: like “Twitter-pay”!  The industry is moving as fast as possible to a paperless transaction society, for both B-2-C and B-2-B.  Convenience, ease of use, security, cost, speed, and managing change will always be the key determinants that Consumers and Companies consider when looking for a payments solution that makes sense.

The BankON™ team was there, showcasing and demoing Sierra Atlantic’s seamless ERP-to-bank STP solution.  We also issued a Press Release at NACHA which generated quite a bit of interest at the event.  We met hundreds of incredible people and their positive reinforcement and ideas were gratefully received.

BankON™ 2.0

BankON™ 2.0 was recently delivered on time and on target for final testing by one of our larger multinational banking partners.  This production release will go into end-user customer accounts late this summer.  If you would like to learn more about BankON™, visit our web page at www.sierraatlant.com/bankon, or contact Pat Lowery, our Director of Product Marketing, at Pat.Lowery@SierraAtlantic.com.

Please have a great summer and we look forward to working with you.

Phil

Let me introduce the BankON™ management team at Sierra Atlantic:
- Phil Hodsdon – GM Banking & Financial Services
- Michael Griffiths – VP Sales
- Patricia Lowery – Director Product Marketing, BankON™
- Ramesh Revuru – AVP, Product Development, BankON™

Come meet us at the NACHA Payments Conference in Seattle from April 25 thru 28.

While at the conference, visit the BankON™ Team at Booth #736 for an opportunity to win a Taylor Made Burner Titanium Driver, courtesy of Sierra Atlantic and BankON™!

Jack Dorsey, Founder of Twitter, is the keynote speaker at the Conference. For more information, go to http://payments.nacha.org.

And for more information on BankON™, go to www.sierraatlantic.com/bankon.

If you read the blog and will be at the Conference, introduce yourself to me and say “ISO20022″ to double your odds of winning the driver.

Looking forward to meeting everyone!

Thanks -
Phil Hodsdon