RWE AG integrates MultiCash Transfer into the group-wide international Payment Factory

RWE AG, who can be counted amount Europe’s leading gas and electricity providers continuously optimise its business processes. Part of this activity was to centralize handling of payments within the group to one standard Payment Factory.

Beyond standardizing payments, it was of central significance for RWE to ensure that the solution was as automated as possible and complied with all internal security requirements. Of course, the new system also has to allow RWE Group companies in Europe to connect to the central platform.

The corporate IT division (RWE IT GmbH) was tasked with a pilot study to evaluate potential solutions which could meet these requirements. The study resulted in a decision by RWE for MultiCash Transfer as the centrepiece of the Payment Factory. Key drivers behind this decision were recommendations of a number of high-profile reference customers as well as RWE’s own positive experiences with Omikron solutions. A number of RWE’s European entities have been using MultiCash solutions to manage their local banking business for many years. Step-by-step these are now being integrated into the central MultiCash Transfer solution operated by RWE’s international Shared Service Centre.

In addition, a close cooperation between RWE and Omikron during the implementation stage allowed the solution to be embedded seamlessly in the organization and adapted to internal requirements. To complement the software package, a service package was delivered by Omikron, specially tailored to meet RWE’s needs. That means that RWE can be confident of direct support from the solution provider, and make use of Omikron’s in-depth expertise. "The international experience both in our team and on Omikron’s side has enabled us to improve the efficiency of our bank connections across Europe, in a way that would be unthinkable with other companies", says Karsten Grewe, RWE’s technical coordinator for Consolidation & Cash Management. "Because an open dialogue is essential in this business, we have to ensure that we build a close cooperation with our suppliers. The successful collaboration between RWE and Omikron provides a perfect example of how this can work".

About RWE AG

RWE is one of Europe’s five leading electricity and gas companies. Through our expertise in oil, gas and lignite production, in electricity generation from gas, coal, nuclear and renewables, and in energy trading as well as electricity and gas distribution and supply, we are active at all stages of the energy value chain. Around 66,000 employees supply over 16 million electricity customers and more than seven million gas customers with energy, both reliably and at fair prices. In fiscal 2013, we recorded approximately €54 billion in revenue. Europe is our market: in terms of sales, we are No. 3 in electricity and No. 5 in gas. In Germany, the Netherlands and the United Kingdom, we are among the largest suppliers of both fuels. In the Czech Republic, we are No. 1 in the gas business. We also have leading positions in other markets in Central Eastern Europe.

Omikron Systemhaus GmbH & Co. KG

Omikron Systemhaus focusses on e-banking and cash management solutions, and in its 30 years of existence has become market-leader in this field. Omikron’s MultiCash product suites, which range from Electronic Banking to Online Banking and Payment Factory solutions, cover the entire spectrum of requirements for mid- to large corporates. MultiCash Transfer® is tailored to corporates requiring a consolidated, central, bank-independent system to automate payments and cash management, as well as to connect seamlessly to in-house systems. Omikron products are available for more than 20 countries and in 17 languages, supporting about 200 national and international payment formats, as well as all European standards for customer-bank communication.

Omikron Systemhaus GmbH & Co. KG
Von-Hünefeld-Str. 55
D-50829 Cologne
Press contact: Birgit Ullrich
Tel.: +49 (0) 221-595699-191
Fax.: +49 (0) 221-595699-7
e-mail: pr@omikron.de

This release was published on openPR.