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Efficient cross-border payments with SAP Digital Currency Hub and blockchain: Faster, cheaper payments with stablecoins

Optimize treasury and liquidity with blockchain-based payments. Significantly reduce costs and transaction times.

Stablecoin Beratung Digital Asset Management
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Making cross-border FIAT payments more efficient: Overcome the challenges of treasury payments

Cross-border payments in FIAT currencies are often associated with high transaction costs, slow settlement times and a lack of transparency. Dependence on correspondent banks and multiple intermediaries leads to delays and increased susceptibility to errors. In addition, complex networks create uncertainty in terms of fees and exchange rates, making liquidity planning more difficult. Many treasury systems struggle to provide real-time data, which prevents flexible liquidity management and reduces efficiency. Companies risk not being able to react quickly enough to market changes and face rising operating costs.

Optimized payments with SAP Digital Currency Hub

With the SAP Digital Currency Hub, you can seamlessly integrate payments in digital currencies such as cryptocurrencies and stablecoins into your ERP processes. You reduce dependencies on third parties, lower costs and risks, and increase your financial independence through legally compliant custody using custodian solutions and self-custody of your digital assets.

Reduced transaction costs

By using stablecoins and blockchain, you reduce dependency on correspondent banks, eliminate middlemen and significantly reduce the cost of cross-border payments.

Faster settlement times

Blockchain-based payments eliminate delays caused by correspondent banks, enable almost instant transactions and speed up settlement times compared to traditional FIAT transfers. This would significantly improve liquidity management.

Increased transparency and real-time data

Digital payments offer complete transparency of transaction histories and real-time insight into liquidity positions, which optimizes the management, planning and cost control of funds.

Minimization of risks

By dispensing with multiple intermediaries, the risk of errors and uncertainties is reduced. The self-custody of digital assets also increases security and compliance

Stablecoin Beratung Digital Asset Management
Stablecoin Beratung Digital Asset Management

How it works:: Digital payment processing with SAP Digital Currency Hub and Stablecoins

  • Use of stablecoins: Simple transactions based on stablecoins such as USDC and EUROC offer a secure and stable currency for cross-border payments that are pegged 1:1 to FIAT currencies and thus avoid price fluctuations.
  • Digital wallets: Every business partner needs a wallet that acts as a digital bank account. These wallets can be provided via custodian solutions or can be held in safekeeping, which facilitates processing.
  • Transaction processing in real time: The buyer creates a transaction in their wallet, signs it with their private key and sends it to the blockchain. Within a few minutes, the money is confirmed in the seller’s wallet and is available.
  • Seamless SAP integration: The solution integrates seamlessly with SAP S4/Hana, supporting the creation of account statements, IFRS accounting and the valuation of digital assets, which increases the efficiency of treasury management.

Strategic SAP solutions for digital currencies

Convista offers comprehensive digital currency hub integration and implementation services that help organizations efficiently leverage DLT and blockchain technologies. As a strategic SAP partner, we enable customized consulting, ranging from the analysis of current requirements to the development of stablecoin integration strategies. By automating payment processing with smart contracts and seamless integration into existing systems, efficiency is maximized and currency risks are significantly minimized.

We conduct comprehensive assessments to analyze current customer requirements and identify potential for DLT and blockchain integrations. In addition, we advise on accounting, interim financing and create customized implementation plans.

Advice on the use of stablecoins helps to minimize currency risks. Convista develops customized strategies for the integration of stablecoins into cash, liquidity, payment and treasury processes and supports the implementation in SAP via the Digital Currency Hub.

Convista develops and implements smart contracts that enable the automation of payment processing. In addition, the integration of DLT-based solutions into existing systems is supported to ensure seamless payment transactions.

Contact:Your team for SAP Digital Currency Hub

Do you have any questions or would you like to learn more about SAP DCH? Then please feel free to contact us.

Sarah Rentschler-Gerloff
Sarah Rentschler-Gerloff

Senior Expert Consultant

Sarah.Rentschler-Gerloff@Convista.com
Christos Kiosses
Christos Kiosses

Senior Manager

Christos.Kiosses@Convista.com

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ConVista Consulting AG