Aareal: that's how integrated payment transactions are done

Companies that have to handle bulk payments in Accounts Receivable and Accounts Payable know the problem: month for month, thousands of payments from various parties have to be captured, allocated and prepared for onward processing. Many steps are still being done manually or are hampered by system discontinuities – a time-consuming process that ties up personnel.

The accounts system of Aareal Bank AG is specialised in optimising bulk payment procedures – thanks to virtual account numbers. With their help, every payment and every piece of reported payment information can be unambiguously allocated to the relevant booking of a debtor or creditor. The consequence is a wide-ranging automation of entire process chains in payment processing, particularly in bulk payments.

Process optimisation from the accounts system to the bookkeeping system

Additional optimisation options are supplied by combining our accounts system with First Financial Software GmbH BK01 solutions, a joint venture of Aareon Group GmbH and Aareal Bank. BK01 integrates your accounts at Aareal Bank seamlessly into your ERP software and automates the booking of all payment transactions that occurred using virtual account numbers. You profit from the following advantages in payment transactions:

• More comfort: integrate your Aareal account system using BK01 with leading ERP systems of the housing and energy industries (e.g. Wodis Sigma, SAP RE, SAP-IS-U) – profit from the ongoing software developments and maintenance and release security.
• High data transparency: virtual account numbers of the Aareal account system enable a nearly 100% allocation of payment transactions in the ERP system.
• Low time expenditure: a high degree of automation takes over routine tasks.
• Maximum process security: rely on a comprehensive partner network of banks, software and ERP development for the housing and energy sectors.