The Blockchain team at Finlync has implemented the world’s first agnostic Blockchain integrator for ERP systems. Their latest integrator allows seamless plug-and-play integration to SAP, for Ethereum and Hyperledger – with more platforms following suit.
ERPs, like SAP, are the central backbone for most large corporates, processing data such as purchase orders, deliveries, invoices and payment instructions. Integration therefore allows for true data interoperability for such corporate banking services like Trade Financing, Payments and Contract Management.
APAC Technology Director, Peter Klein, said:
“…the Finlync SAP-DL Integrator gives effortless process integration with trusted communication to Bank’s Distributed Ledger platforms. This allows corporates to experience secure access and centralised control – all within their already existing ERP”.
Banks and financial institutions can benefit from a risk-adverse solution to onboard their corporate clients quickly and efficiently to their BlockChain offerings. Peter says:
“Banks are working with us to secure their existing client relationships, whilst opening new revenue channels, by integrating ERP corporates to the multi-party value chain.”
Finlync have an extensive history of implementing ISO20022 messaging standards for ERP to Bank Communication. Whilst leveraging on this experience, they are now evaluating for new and effective messaging integration in the distributed ledger.
The SAP-DL Integrator has a light footprint which can integrate even with older versions of SAP, but leverages innovative, user friendly and attractive HTML5 type user interfaces. The technology utilizes API calls for real-time integration of ERP data to Blockchains.
Finlync are running demos of the latest solution and pursuing for continual collaboration.