Germany’s Aareal Bank Group Rolls Out B2B Payment Platform

Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. The solution will let firms put “end-to-end automation” of payment and financial institution-related services into place, with the ability to simply connect those offerings with their enterprise resource planning (ERP) infrastructures, according to a Tuesday (Dec. 1) announcement.

While the first applications have been put into place for the housing sectors, more industries are scheduled to be implemented over the medium haul, the announcement stated.

“There is an urgent need for solutions that support property management companies’ efforts to conserve resources and structure processes more efficiently,” Aareal Bank Managing Director Christian Fahrner said in the announcement. “We are meeting this need precisely with the Aareal Exchange & Payment Platform.”

Property management firms can harness the AEPP to connect various payment methods and services through one interface, according to the announcement. The technology enables automated and efficient payment management workflows, while letting institutional landlords satisfy the rising interest in alternative ways to pay by a number of tenants.

The infrastructure enables a smooth integration of different payment providers into the current payment workflows of companies in the housing sector, the announcement stated. All pertinent payment data is shared with linked ERP technologies like Wodis Yuneo, Wodis Sigma, Blue Eagle and SAP RE-FX.

Fahrner noted in the announcement that platform offerings provide great possibility, which is poised to keep growing in the years to come.

“With AEPP, we are offering companies a decisive building block on which they can optimize their own processes towards platform-centric B2B process management,” Fahrner said.

In separate news, U.S. Bank has launched its new AP Optimizer — an online tool that aims to streamline invoice handling and payments for companies.

The technology has the impact of putting those services into one system and allows groups to focus on making rebate opportunities, reducing expenses, and more effectively supervising working capital.