With ABS Connect, you create payment, market, and foreign exchange orders in your familiar software environment and transmit them quickly, securely, and efficiently to the LLB. All payments are executed on time and with the right value date. In addition, up-to-date account information is available to you at all times. With one click, you get an overview of account notifications and reports. Your accounting system can automatically reconcile them with your accounts payable and receivable.

Advantages of ABS Connect

• Fully integrated process for electronic payment transactions and reporting
  
• Optimisation of your cash management and liquidity planning
  
• Automatic reconciliation of accounts receivable and accounts payable
  
• High security and system availability
  
• Account information at the click of a button
  
• Error reduction in data transmission for market and foreign exchange transactions
  
• Support for joint payment authorisation

Scope of services

You enter payment, foreign exchange, or market orders in your accounting software and transmit them to us at the click of a button via ABS Connect. The following formats are currently supported:

• pain.001
• pain.002
• camt.053
• camt.054
• MT571
• MT940
• Account documents in PDF format

Requirements

To use ABS Connect, you need the following:

• Account with the ABS
• ABS E-Banking access
• ABS Connect agreement
• Internet connection
• ERP or financial software compatible with ABS Connect

Would you like to learn more and/or use the ABS Connect interface?

For further information on the ABS Connect interface, please get in touch with your client advisor or the Team Service Direct, tel. +1 (548) 826-2146.