Process Minery's IBAN Checker App automatically checks the IBANs that are registered in Oracle. It verifies the name, type, and validity online. Automatic notifications are sent in case of any mismatches. The bank account name in Oracle can be automatically updated from Celonis, and holds can be applied at the supplier site.Banks do not perform an IBAN name check or account type check for payments. Therefore, it is very important to have correct and validated IBAN information in your supplier master data before you make any payments to the IBAN.
This is where Process Minery and Celonis Combine their Strengths:
Automatic online IBAN checks for new and changed IBANs
Only pay to validated IBAN accounts
Automatic notifications are sent for name mismatches, company number mismatches, and invalid IBANs
Synchronize Bank Account Names
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