Bank statement messaging

ERPs are required to support bank statement messages in formats that are provided by banks. Typically, the message data is imported by bank customers to their cash management or general ledger systems and reconciled with the underlying ERP cash transactions.

New Zealand specifics

Two of the major banks in New Zealand, ANZ Bank and Westpac Banking Corporation, are classified with SEPA Advanced Certification. These banks support both MT940 format and Cash Management - ISO 20022 XML reporting (camt.052, camt.053, and camt.054).

How Infor meets this requirement

The New Zealand CSV format is only available with the use of BODs.

The bank sends the NZ CSV BankStatement file to LSP GEMS. GEMS converts the file message into a LoadBankStatement_Inbound BOD, and sends it to FSM using ION. FSM then processes the BOD, which in turn creates the respective bank account statement records. These records are also used for reconciliation.

The LoadBankStatement_In GEMS must import into ION and an SFTP connection must be established in the document flow. This process is used by FSM to process the BODs and create the bank account statements records.

See Infor Localization Services GEMS User Guide.

The MT940, CAMT.053, and CAMT.054 formats are only available in FSM.

See Financials Setup and Administration Guide.