GXS and TDI Consulting Break Down Barriers to Corporate Banking Integration

New Partnership Will Accelerate Cash Management Implementations

GAITHERSBURG, Md. and LONDON, July 22 /PRNewswire/ -- GXS, a leading
provider of business-to-business (B2B) e-commerce solutions, today announced
that it has formed a new partnership with TDI Consulting to simplify
integration between banks and their corporate clients. TDI provides banking
integration implementation services to corporations to minimize the complexity
of integrating with financial institutions. GXS has extensive experience
helping banks enhance their cash management offerings to meet the needs of
corporate clients. Together, the two companies will help banks and their
corporate clients accelerate cash management initiatives through faster
delivery of client implementations.
With more than 70 percent of the Fortune 500 banks and financial
institutions as clients, GXS helps banks build flexibility and scalability
into their cash management model by enabling them to adopt and support
multiple B2B e-commerce standards and secure protocols. As a result, a bank
can improve its customer service levels by integrating directly with a
client's enterprise resource planning (ERP) system, and by supporting whatever
file format, standard or protocol is preferred by its customers. TDI provides
full implementation services to corporate clients including extraction of
payment instructions from accounts payable applications; set-up of
connectivity and security between banks and customers; and integration of
account statements to treasury workstations.
"Corporate banking has long been a matter of push and pull between the
capabilities of the financial institution and the needs of their corporate
clients. Through this partnership, we can eliminate the gap between those two
realities and ease the cash management process for both parties," said Michael
Graeff, global director of financial services at GXS. "Through the GXS and TDI
partnership, corporate clients can take advantage of faster implementations on
new cash management deployments while banks can build greater flexibility into
their offerings, making them more attractive to prospective clients. Together,
we can significantly simplify the implementation and ongoing management of
corporate-to-bank financial transactions."
Some of the key benefits of this partnership to corporate clients include
reduced complexity associated with establishing new banking relationships;
straight through processing of payables and receivables; consolidation of ERP
financial systems and centralization of functions into shared service centers.
Additionally, the partnership will enable both banks and corporate clients to
accelerate adoption of new standards and technologies such as those for the
Single European Payments Area (SEPA), Universal Financial Industry message
schemes (e.g., ISO 20022) and SAP's Bank Relationship Management module.
"Most of our corporate clients today are signing with banks that can meet
their business needs for cash management, but are challenged to establish
technical integration between their ERP systems and the bank," said Nigel
Hysom, director of TDI Consulting. "Through the partnership between TDI and
GXS, we can make it simple for banks to meet their clients' needs today and
those of tomorrow in this world of rapidly changing standards and
technologies. The bank that is aligned with GXS and TDI will be able to
support their clients better than ever before, while also realizing
accelerated time to revenue through faster implementations."
Some of the key benefits of this partnership to financial institutions
include the ability to accelerate cash management revenues through faster
delivery of client implementations and elimination of backlogs; faster new
product introductions for client technical interfaces; and greater competitive
differentiation in new business proposals.
With direct operations in 20 countries throughout the Americas, Europe and
Asia-Pacific, GXS can provide client delivery support to connect corporations
with their banking partners around the world, enabling them to optimize
financial supply chain initiatives. Using GXS, financial institutions can
exchange purchase orders, commercial invoices, payment instructions, account
statements, procurement card transactions, letters of credit and post-export
financing requests electronically. GXS supports a wide variety of B2B
technologies including ISO 20022, BAI, SWIFT, ANSI X12, EDIFACT and SAP IDOC
document standards.
About TDI
TDI provides Banking Integration and Financial Supply Chain Management
consulting services to the leading global cash management banks and Fortune
500 companies. TDI leads the market in the Banking Integration space, working
with 16 of the top 20 cash management banks, including Citigroup, HSBC, ABN
AMRO, JP Morgan Chase, Bank of America, Deutsche Bank, RBS and BNP Paribas.
For all these banks, TDI provides services to help standardize and improve the
efficiency of corporate client on-boarding. Typically this work has been
delivered from two principal service lines, Standards (helping banks to define
and deliver to market standard messaging formats and connectivity) and
Implementation Services (helping banks to on-board corporate clients by
providing ERP specific consulting resource and tools).
Headquartered in London with offices in New York, TDI has a global
coverage of consultants and currently looking to open an office in Asia
Pacific in 2008. TDI can be found on: www.tdiconsulting.co.uk.
About GXS
GXS is a leading global provider of B2B e-commerce solutions that simplify
and enhance business process integration and collaboration among trading
partners. Organizations worldwide, including more than 70 percent of the
Fortune 500, leverage the on-demand services on GXS Trading Grid(R) to extend
supply chain networks, optimize product launches, automate warehouse
receiving, manage electronic payments and gain supply chain visibility. GXS
Managed Services, GXS' B2B outsourcing solution, empowers customers with the
expertise, technical infrastructure and program support to conduct B2B e-
commerce with trading partners globally.
Based in Gaithersburg, Md., GXS has an extensive global network and has
local offices in the Americas, Europe and Asia-Pacific regions. GXS can be
found on the Web at www.gxs.com.
All products and services mentioned are trademarks of their respective
companies.

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SOURCE GXS

Allison Tobin, GXS Corporate Communications, +1-301-340-4988,
allison.tobin@gxs.com; Shahed Ahmed, The Merritt Group (for GXS),
+1-703-390-1515, ahmed@merrittgrp.com; Alastair Thompson of TDI Consulting,
+44 (0) 20 7190 2870, Alastair.thompson@tdiconsulting.co.uk