The Lufthansa Group obtains a central overview of liquidity across all accounts, including those not integrated into a cash pool, via receipt of the MT940 files. These are channelled to the Hanse Orga system and are then available for further processing and distribution to the ERP systems of the group companies.
Using the payment management module, payment orders are transmitted centrally in the standard ISO 20022 CGI-MP (Common Global Implementation Market Practice) XML format via the Host-to-Host (H2H) interface to Deutsche Bank. The payment orders themselves are created using payment optimisation in the “Finance Suite Payment Management” which is integrated into SAP.
In the case of predefined formats (such as in-house, IDOC or various pain.001 formats) which originate from diverse upstream systems in the Lufthansa Group, these are converted to XML format with the Hanse Orga solution and then transmitted directly to Deutsche Bank.
The payments are approved with a “Corporate Seal”. From the bank’s perspective, there is no longer a requirement to set up individual authorisation profiles and the payment releases within the Deutsche Bank systems are also no longer required. Personalised release processes are carried out in advance in the payment factory. Thanks to the seamless integration of systems, companies and their accounts, as well as the centralisation and harmonisation of the payment transaction processes, media disruptions are avoided.
The Lufthansa Group is benefitting from this global cash management solution which provides the ideal conditions for continued development towards an in-house bank.
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