Timing of migration to SWIFTNet is key issue for corporates, believes Eiger Systems Thursday 12 April 2007 PDF Print Media contact: David Ford Ford-Peacock Consultancy Ltd Tel: +44(0)1295 722213 Email: firstname.lastname@example.org Rugby, UK; 12 April 2007 : Eiger Systems, an Experian® company and a leading developer of strategic payment solutions, has published a new White Paper on SWIFT connectivity for corporates. ‘SWIFTNet for Corporate Treasurers: exploring the business case’ traces the evolution of corporate connectivity to SWIFT and discusses the issues to be addressed if SWIFT adoption is to achieve mass-market momentum. The paper concludes with advice on how corporates should evaluate SCORE, the Standardised Corporate Environment (1) that corporates will use for SWIFT connectivity. Author Jonathan Williams, Eiger Systems’ Principal Market Strategist, believes that the central issue for corporates contemplating SWIFT connectivity is timing: “The business case for SWIFTNet needs to consider a number of issues, not least a detailed assessment of which bank services will be provided by all their banking partners and when. Legacy system integration is a second area that corporates should assess carefully. Failure to recognise the true cost of integration could undermine the potential gains of SWIFTNet considerably. In short, few corporates will need persuading that SWIFTNet is a good idea per se, but the key issue will prove to be timing. Migrating too early may incur the penalty of a lower than forecast return on investment. SWIFTNet for corporates is one innovation where being an early adopter may benefit only a few organisations.” Copies of the White Paper ‘SWIFTNet for Corporate Treasurers: exploring the business case’ can be collected from the Eiger Systems stand at International Payments 2007, 17-20 April, at the Business Design Centre, London. Speaking at the event on the Wednesday morning, Jonathan Williams will talk about some of the ideas touched upon in the White Paper in a presentation titled: Corporate Challenges And Bank Developments – Reconciling Different Goals? For more information please contact Eiger Systems on 01788 554800 or visit www.eiger.com (1) SCORE is SWIFT’s product name for the new proposition to allow non-financial institutions to be allowed to exchange data with their bank(s). About Eiger Systems Limited, an Experian company Eiger Systems develops global strategic payment software solutions and services to meet the requirements of the world’s leading banks and corporate organisations. Intentionally focusing on the specific challenges of data validation and payment processing, Eiger Systems’ platform-independent solutions help organisations control costs, reduce risks and improve customer service through the minimisation of payment errors. Eiger Systems has over 750 customers across all sectors of industry and commerce. Eiger Systems is a wholly owned subsidiary of Experian, the global information solutions company. Visit Eiger Systems at: www.eiger.co.uk. This press release was distributed by ResponseSource Press Release Wire on behalf of Ford-Peacock Consultancy Limited in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.