PayMX converts your SAP payment runs into bank-specific ISO 20022 MX files — automatically, accurately, and with complete audit traceability. No custom code. No delays. No rejections.
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SWIFT and domestic clearing systems across the US, UK, and Europe are mandating the retirement of legacy MT message formats. ISO 20022 MX is the new global standard — and compliance is not optional.
SWIFT cross-border, CHAPS, SEPA, and FedWire are all converging on ISO 20022 MX. Every major payment corridor is affected.
SAP's DME engine produces payment data in a generic format. It does not natively generate the bank-specific MX variants each financial institution requires.
Each bank publishes its own Implementation Guidelines defining mandatory fields, validation rules, and format constraints. No two banks are the same.
Every non-compliant payment file will be rejected once MT formats are retired. No exceptions, no grace period — clearing systems will not accept them.
What previously required months of bespoke ABAP development per bank now requires days of configuration. PayMX is designed to serve any bank, any region, any payment method — at scale.
Large enterprise treasury teams running SAP face the same structural problem every time a new bank or corridor is added. It is slow, expensive, error-prone, and does not scale.
Each new bank requires bespoke ABAP development, testing cycles, and bank certification. A single corridor can take 3–6 months before the first payment is processed.
CriticalSimilar conversion logic is rebuilt from scratch for every bank. No shared platform, no accumulated configuration, no institutional memory that carries forward.
HighSAP DME files rarely contain every field a bank requires. Missing IBANs, BICs, and postal addresses are resolved manually — human error at the worst possible moment.
HighWhen a bank rejects a file, identifying the cause requires forensic investigation. The process is opaque, slow, and repeats with every certification cycle.
HighEach new market, corridor, or banking partner requires a new IT project. Treasury cannot expand its banking relationships at the speed global operations demand.
CriticalBank onboarding is gated entirely on specialist SAP ABAP developers — a scarce, expensive resource whose capacity becomes the ceiling on treasury's ability to grow.
CriticalPayMX is a rules-driven conversion platform. Onboarding a new bank means inserting configuration rows — not deploying software. The same input, the same rules, always produces the same output.
Six payment attributes — country, house bank, currency, payment method, and beneficiary — form a composite key that resolves the exact bank schema and ruleset to apply. Same corridor, different bank: different format, automatically.
Missing ISO 20022 fields are resolved automatically using SAP master data — vendors, banks, company codes. Four rule types cover SQL lookups, derived computations, static mappings, and conditional bank-specific logic.
Output XML is validated against the bank's own XSD schema before it leaves the platform. Files reach the bank pre-certified — dramatically reducing rejection cycles and shortening onboarding timelines.
Every conversion is logged with complete traceability — which routing rule fired, which enrichment rules resolved which fields, and the final output status. Any field value is traceable to the exact rule that produced it.
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