Sierra Atlantic, a US-based provider of outsourced product development and other IT services, has unveiled BankON, a turnkey solution that enables straight-through transaction processing for banks and their corporate customers.
Sierra Atlantic claimed that its BankON solution fully integrates customer enterprise resource planning (ERP) systems with a financial institution’s infrastructure for processing of payables and receivables. The solution supports multiple ERP systems with little or no customization effort, installs within days and is ready for testing at a customer site in less than a week.
Standard Chartered Bank will be providing this offering to their corporate customers globally in more than 70 countries.
GK Murthy, executive vice president at Sierra Atlantic, said: “With straight-through processing, our customers are driving down operating costs and quickly generating profitable revenue streams. The notion that corporate ERP systems can’t talk to bank systems is history! BankON brings them together, driving significant savings on both sides.”