Lloyds Bank Corporate Markets and enterprise
resource planning (ERP) provider Bellin have jointly developed a
banking solution for Virgin Atlantic.
Host2Host – the new service which was
implemented in six months uses a centralised bellin solution as a
Single Payment Gateway across the airline’s different business
units and locations. The system facilitates connectivity between
the airline’s ERP system and Lloyds’ transactional banking process
using SWIFTNet.
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“When we talk about Host2Host, what we’re
really talking about is eliminating desktop banking. Instead
of a desktop BACS software product that has its own screens,
log-ins, smart cards, and workflows, if you have an ERP system that
is capable of managing your workflow, you can leverage that
capability and talk natively from your ERP system into a
transactional process,” said Mike Rayfield, senior Product Manager
at Lloyds Bank
The new system is said to have lowered Virgin
Atlantic’s administrative and operational costs by £100,000 per
annum.
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