Results of the project
IFCO SYSTEMS
The whole story
IFCO SYSTEMS – The Customer
IFCO Systems is an international logistic service provider.
The company has a worlwide pool of over 175 Million RPC´s (Reusable Plastic Container).
These are mainly used for the transport of fresh products from the producer to food retailers – and thus help to improve the life cycle assessment in the trade.
The Challenge: At a glance
IFCO SYSTEMS – The Challenge
With more than 145 locations worldwide IFCO performs transactions with various banks.
In every country there is one main bank, each with specific formats and requirements. This country-specific file volume formats of the member states need to be successively transferred into XML formats.
In Addition there are technical requirements that need to be met for the transition.
IFCO SYSTEMS
SEPA-Conversion in SAP
IFCO SYSTEMS – The Project
In collaboration with SERKEM IFCO Systems has successfully converted to SEPA. The implemented system allows to standardize international payment processes from SAP ERP.
SEPA credit transfer operation and SEPA debit payment in SAP
At IFCO the SEPA credit transfer operation was introduced in 10 company codes for the countries France, Germany, Spain, Portugal, Netherlands, Italy, Finland, Slovakia, Austria and Iceland.
The direct debit payment is available in 4 company codes : France, Germany, Spain and Portugal.
Adjustments of the created payment media formats
The conversion is performed sequentially since 08/2012, adjustments of the payment medium formats have been made to the requirements of various domestic and foreign banks.
The created payment media formats must be read in with the respective bank software.
The complexity of bank formats and local approval and signature authorizations is reduced and effectiveness in communication between the company and banks is increased.
The Result
With the SERKEM-solution it is possible to track and administrate the status of collection authorizations (Mandate Management) and to integrate collection authorizations and operational processes like periodic payment runs
IFCO is able to create and send direct debit pre-notifications and operate the XML generation of the new European SEPA standard direct debits and bank transfers