The process of creating ISO20022  payment files for the bank involves a lot of manual steps. Especially when you are operating with several bank accounts and many legal entities.

The process of creating one file per bank account per legal entity should not be necessary. The user should be able to generate one file for several bank account and several legal entities. The ISO20022 credit transfer file format support several bank accounts in one file, and there is no reason why we should not be able to generate the same.

The process could then be to generate payment proposal from one form for all legal entities or in each legal entity. When the proposals are created, the payment file generation has a query where the user can select bank accounts and legal entities. When the selection is done the file is generated and it is only necessary to upload one file to the bank.

Our customer is using centralized payments today, but they do not want to use this anymore due to all the intercompany transactions. I hope that Microsoft and others will find a solution like this useful.

Under Review
Ideas Administrator

Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.





Annette Bruer, PM, Microsoft