For companies who wish to outsource both their accounts payable and accounts receivable activities, Standard Chartered's Straight2Bank Access (host-to-host solutions) is a highly customised solution, providing a direct interface between your back-office system and Standard Chartered to facilitate the sending of instructions and receiving reports. Our Straight2Bank host-to-host interface may also be configured to support auto-reconciliation with your back office. All communication between your location and Standard Chartered is via secure dial-up connection.
Standard Chartered’s Straight2Bank Access and Straight2Bank Web are uniquely interoperable. You can deliver a file of payment instructions directly from your ERP system to Standard Chartered Bank via Straight2Bank Access, then subsequently review and authorise it via Straight2Bank Web according to the criteria specified by you.
Recent launch of Straight2Bank Access’s connectivity to SAP using the SAP XI framework will help you to integrate seamlessly and securely with the bank. This will enable you to have a two-way real time communication with Standard Chartered Bank using a single channel; send all your banking requirements to the bank and receive confirmations from the bank. This SAP certified solution promises to reduce cost and time in connecting you to the Standard Chartered Bank’s systems. This pioneering move reaffirms Standard Chartered Bank’s leadership position and sets us apart from our competitors.
As global business transactions become increasingly complex and time sensitive, with more companies and institutions dealing with multiple banks, it is natural for such transactions to be based upon standardized message formats and communication protocols.
Through SWIFTNet, you can now access Standard Chartered’s cash management, payments, reporting, treasury, derivatives, trade and securities using industry-recognised connectivity and security protocols. Integration can be performed effortlessly with your existing systems infrastructure, thereby achieving further cost savings. Standard Chartered is pleased to work with you in realising the above through the introduction of SWIFTNet connectivity via Member Administered Closed User Group (MACUG) and Standardized Corporate Environment (SCORE) where greater standardization and operational efficiency can be attained.