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.
“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.