The Group’s AWS services practice recently announced its expanded collaboration with Fiserv, a leading global provider of payments and financial services technology. Building on an existing early-stage relationship, the expanded collaboration is designed to enable organizations to simplify and automate reconciliation of digital payments with their financial records with a view to reducing errors, gaining efficiency and fortifying fraud prevention capability.

In the wake of the introduction of the AWS SDK for SAP, Group Elephant developed ERP Payment Reconciliation, software that enables real-time reconciliation of payments, streamlined financial workflows, reduced costs of collection (through specialized merchant acceptance tools) and mitigation of payment fraud risk through sophisticated detection capabilities. This allows organizations to better manage transactions and monitor real time cash flow, detect fraudulent activity quicker, and handle dispute resolution more accurately and efficiently.

Building on this foundation, the Group now offers SnapPay from Fiserv, engineered to streamline the Order-to-Cash process and modernize back-office operations.  With certified ERP integrations for multiple platforms including SAP, Workday and Oracle, SnapPay automates accounting workflows, enhances cash flow visibility, and strengthens payment security and fraud prevention.

ERP Payment Reconciliation is available to businesses operating on most Enterprise Resource Planning technology, not only for SAP. In the case of SAP, it is available for ‘RISE WITH SAP’ and ‘GROW’, for private cloud and public cloud environments and covering multiple industry verticals that make use of digital payment acceptance, including but not limited to Public Sector, Retail, Telco and Utilities.