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Harnessing the power of SWIFT for enterprise financial messaging Published: April 2007 Microsoft BizTalk Accelerator for SWIFT.

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Presentation on theme: "Harnessing the power of SWIFT for enterprise financial messaging Published: April 2007 Microsoft BizTalk Accelerator for SWIFT."— Presentation transcript:

1 Harnessing the power of SWIFT for enterprise financial messaging Published: April 2007 Microsoft BizTalk Accelerator for SWIFT

2 Developing, implementing, and managing custom point-to-point connections for each bank that the Microsoft Treasury group communicated with was extremely expensive to design, deploy, and manage. Developing, implementing, and managing custom point-to-point connections for each bank that the Microsoft Treasury group communicated with was extremely expensive to design, deploy, and manage. Solution Overview Business Challenge Solution Results/Benefits Microsoft implemented BizTalk Server 2006 and the BizTalk Accelerator for SWIFT to enable communication with its financial partners over the SWIFT secure IP network. Microsoft implemented BizTalk Server 2006 and the BizTalk Accelerator for SWIFT to enable communication with its financial partners over the SWIFT secure IP network. Greater visibility into cash assets Greater visibility into cash assets Standardized business process for end-of-day bank statements Standardized business process for end-of-day bank statements Greater security, reliability, and efficiency in communication Greater security, reliability, and efficiency in communication Increased scalability Increased scalability Compliance with regulatory standards Compliance with regulatory standards

3 Products and Technology BizTalk Accelerator for SWIFT BizTalk Accelerator for SWIFT BizTalk Server 2006 BizTalk Server 2006 Office InfoPath 2006 Office InfoPath 2006 SQL Server 2005 SQL Server 2005 Windows Server 2003 Windows Server 2003 Office SharePoint Server 2007 Office SharePoint Server 2007

4 Treasury Group Operations Microsoft Treasury groups responsibilities: Microsoft Treasury groups responsibilities: Allocating resources to subsidiaries Allocating resources to subsidiaries Reconciling transactions Reconciling transactions Transferring money Transferring money Investing excess cash resources Investing excess cash resources Microsoft has 1,000+ bank accounts spread among 95 banks worldwide Microsoft has 1,000+ bank accounts spread among 95 banks worldwide Managing these accounts accurately maximizes revenue Managing these accounts accurately maximizes revenue

5 Business Challenge: Multiple Custom Connections

6 Business Challenge: New Banking Relationships Microsoft establishes new banking relationships as new markets emerge Microsoft establishes new banking relationships as new markets emerge Custom point-to-point connections can be costly and take months to develop Custom point-to-point connections can be costly and take months to develop Investment of time and money may deter Microsoft from making new, advantageous partnerships with banks Investment of time and money may deter Microsoft from making new, advantageous partnerships with banks

7 Business Challenge: System Reliability and Timeliness of Data

8 Business Challenge: Employee Productivity Disparate systems for cash management and account management affected transaction reconciliation Disparate systems for cash management and account management affected transaction reconciliation Different communication methods meant different statement formats and dispersion of data Different communication methods meant different statement formats and dispersion of data Employees spent time tracking money instead of analyzing ways to invest it Employees spent time tracking money instead of analyzing ways to invest it

9 Integration Solution Treasury group reviewed its business process to identify solution requirements Treasury group reviewed its business process to identify solution requirements SWIFTNet is a highly secure and reliable network that uses standard message formats and protocols SWIFTNet is a highly secure and reliable network that uses standard message formats and protocols Direct integration with SWIFT provided the best way to standardize the communication process Direct integration with SWIFT provided the best way to standardize the communication process BizTalk Server acts as a message broker between SWIFTNet and the ERP system BizTalk Server acts as a message broker between SWIFTNet and the ERP system

10 Integration Solution Treasury group can view statement data stored in SAP by using a familiar interface Treasury group can view statement data stored in SAP by using a familiar interface SharePoint Server 2007 Web site is a central place for creating messages to banking partners SharePoint Server 2007 Web site is a central place for creating messages to banking partners Members access SWIFTNet by using a dedicated line and SWIFT interface products Members access SWIFTNet by using a dedicated line and SWIFT interface products SWIFTNet advantages include a single method of communication with banking partners and standardized message formats SWIFTNet advantages include a single method of communication with banking partners and standardized message formats

11 Integration Solution

12 Connectivity Through BizTalk Server BizTalk Server services: BizTalk Server services: Application integration services Application integration services Data normalization Data normalization Orchestration services Orchestration services Business Rule Engine Business Rule Engine Business Activity Monitoring Business Activity Monitoring

13 BizTalk Accelerator for SWIFT A4SWIFT includes tools and components that enable integration with SWIFTNet A4SWIFT includes tools and components that enable integration with SWIFTNet XSD schemas for FIN messages XSD schemas for FIN messages BRE policy for FIN messages BRE policy for FIN messages Receive pipeline disassembler component Receive pipeline disassembler component Send pipeline assembler component Send pipeline assembler component Orchestrations for repairing invalid messages Orchestrations for repairing invalid messages InfoPath form templates for FIN messages InfoPath form templates for FIN messages

14 Enriched Content Through BizTalk Server SWIFTNet integration project required minimal custom coding SWIFTNet integration project required minimal custom coding Microsoft IT and SAP team created a BizTalk Server schema that represented the data structure for the SAP system Microsoft IT and SAP team created a BizTalk Server schema that represented the data structure for the SAP system Microsoft IT created a canonical schema that is used exclusively during BizTalk Server processing Microsoft IT created a canonical schema that is used exclusively during BizTalk Server processing

15 Automation of Financial Calculations Microsoft IT created BizTalk Server maps to define how to transform data from one structure to another Microsoft IT created BizTalk Server maps to define how to transform data from one structure to another Functoids enrich and manipulate data as required Functoids enrich and manipulate data as required One calculation enables automation of statement reconciliation One calculation enables automation of statement reconciliation

16 Custom Business Processes

17 Additional Orchestrations Microsoft IT created orchestrations for MT995 and MT996 message types Microsoft IT created orchestrations for MT995 and MT996 message types SharePoint library is the storage location and UI for MT995, MT996, and MT999 messages SharePoint library is the storage location and UI for MT995, MT996, and MT999 messages If a process throws an exception, the message goes to a custom exception handling process If a process throws an exception, the message goes to a custom exception handling process

18 Integration with SWIFTNet BizTalk Server coordinates and facilitates communication among the SWIFTAlliance Access device, SAP, and SharePoint Server 2007 BizTalk Server coordinates and facilitates communication among the SWIFTAlliance Access device, SAP, and SharePoint Server 2007 Microsoft IT used out-of-the-box BizTalk Server adapters to configure the connection to each system Microsoft IT used out-of-the-box BizTalk Server adapters to configure the connection to each system Microsoft IT deployed a computer running Windows Server 2003 and MOSeries for Windows to solve a connection problem Microsoft IT deployed a computer running Windows Server 2003 and MOSeries for Windows to solve a connection problem

19 Physical Design Topology

20 Best Practices and Lessons Learned Holistic approach helps create a viable solution Holistic approach helps create a viable solution Reusability of code saves time Reusability of code saves time Use of components depends on their business value Use of components depends on their business value Design considerations include how components can work together in a complete solution Design considerations include how components can work together in a complete solution Communicating over SWIFTNet requires learning the nuances of each banking partner Communicating over SWIFTNet requires learning the nuances of each banking partner

21 Benefits Gained Single view of enterprise assets Single view of enterprise assets Standardization of business processes Standardization of business processes Simplification of connectivity Simplification of connectivity Reduced cost and time creating new connections Reduced cost and time creating new connections Guaranteed delivery Guaranteed delivery Increased scalability Increased scalability Reduced latency Reduced latency Regulatory compliance Regulatory compliance

22 Conclusion BizTalk Server 2006 solution resolved problems in communication methods between Microsoft and dozens of banks BizTalk Server 2006 solution resolved problems in communication methods between Microsoft and dozens of banks Benefits of a direct, standardized line of communication include reduced operating costs Benefits of a direct, standardized line of communication include reduced operating costs This implementation serves as a foundation for additional processes that will provide greater business value This implementation serves as a foundation for additional processes that will provide greater business value

23 For More Information Additional content on Microsoft IT deployments and best practices can be found on Additional content on Microsoft IT deployments and best practices can be found on Microsoft IT Showcase Webcasts ebcasts Microsoft IT Showcase Webcasts ebcasts ebcasts ebcasts Microsoft TechNet Microsoft TechNet

24 This document is provided for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS DOCUMENT. © 2007 Microsoft Corporation. All rights reserved. This presentation is for informational purposes only. MICROSOFT MAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS SUMMARY. Microsoft, BizTalk, InfoPath, SharePoint, Windows, and Windows Server are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.


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