Hanse Orga and Trax team-up to provide an integrated Payment Factory in SAP

Belgium/Germany - 27 September 2006

. ipcNavigator provides a central payment platform within SAP and allows for group-wide payment centralization
. Corporate access to SWIFTNet directly from SAP now available
. Ready for SEPA

Trax, a leading provider of payment and reporting applications, and Hanse Orga, one of the key providers of innovative solutions in corporate finance management and financial accounting, announced today that they co-developed an integrated Payment Factory Solution in SAP. The solution, named ipcNavigator, is a central platform to realize the execution of both national an international payment transactions, and to manage bank statement data. Both SAP and non-SAP affiliates can easily be integrated in the system. The ipcNavigator communicates with national and international banks, either via a direct link with the banks, either via the integrated SWIFTNet Connect which covers both FIN and FileAct.

ipcNavigator will be marketed and implemented as part of the Hanse Orga product portfolio. Trax caters to the entire bank communication part of the solution, whereby Hanse Orga relies on the Service Oriented Architecture of Trax. All bank communication functionalities of Trax have been exposed as a standardized SOA service that becomes available in ipcNavigator. This results in a fully integrated and yet flexible solution.

Sven Lindemann, CEO of Hanse Orga, comments: “We found the ideal partner for our new software solution, the ipcNavigator for SAP, in Trax. By combining our competencies we are able to use synergy effects that serve the ipcNavigator and that are transferred to our customers as direct benefits.”

”We are delighted to be working with Hanse Orga. We see this new joint solution as a cohesive response to the need for an integrated payment factory solution for SAP-centric corporations. The joint offering definitely complement’s Trax offering of a global payment factory solution, with strong focus on SWIFTNet connectivity. This is an exceptional combination of strength and expertise in the global payments area and we are confident that we will succeed as a team, ,” said Hans Cobben, CEO of Trax.

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