Evare removes SAP users need for In-house format conversions
Evare LLC, a technology company specializing in the acquisition, transformation and delivery of financial data, has announced the availability of IDocs formatted bank data for use in the SAP treasury model.
Evare developed the new service for a $7 billion consumer products company, and will now make it available to all its cash management clients in the US, Canada and Europe.
SAP treasury module users typically must convert their cash account data from the industry standard BA12 format most banks provide into the IDocs format that the SAP system requires.
Evare's new service delivers bank data that is already IDocs formatted.
"Data format conversions cost corporate cash managment groups time and money," says Davis Phillips, CEO of Evare. "Evare has removed that headache for SAP treasury module users because we can acquire the data from banks in the BA12 format they can provide, transform it to IDocs format, and then deliver it directly to our clients."