XRT Business Exchange is XRT's Web-enabled communication and integration solution that securely and dynamically exchanges financial data between a company's information systems and its trusted banking and trading partners. The new release of XRT Business Exchange delivers services in a highly scalable distributed architecture, which is critical to large, high volume organizations, such as global treasury shared service centers and payment factories.
The new release of XRT Business Exchange offers SWIFTNet integration, which is becoming more important to organizations as the industry is embracing XML messaging as the future Internet standard for intra- and inter-company communications. In addition, new payment features further extend the solution's payment factory functionality, allowing organizations to streamline payments both domestically and internationally, significantly reducing banking and other financial partner fees.
"While technology has improved dramatically over the last few years, financial executives are now realizing the enormous benefits of managing cross-border payments centrally or regionally in their organization" said John Alarcon, general manager of XRT North America. "With these new enhancements, XRT continues to lead the way and build on its experience with treasury shared service centers and payments factories around the world."
XRT Business Exchange provides interfacing capabilities with all major enterprise resource planning systems. ERP users can consolidate their payment processes through XRT Business Exchange and leverage XRT's extensive knowledge base and library of pre-defined national and international standards and financial data formats covering all major global banks in North America and Europe and a substantial number of local banks. XRT Business Exchange can consolidate payment flows from multiple systems, a critical feature for organizations confronted with the issue of business units using different ERP or accounting systems.