2008_iso20022
Prélude et suite
Schlu mberg er
Private
Payment Hub Project
UNIVERSWIFTNET 2008
08 Apr 2008
Vincent Durieux
PHUB Project Manager
Payment hub concept summary
One centralized application for all affiliates, with end 2 end integration ERPs to Banks
Schlumberger Finance B.V.
BIC:
SLB Network
SFBVNL2G
SWIFT
Service
Bureau
PHUB
FileAct
FIN
Routing
Database
ERP
TMS
SLB Affiliates
Integration
Schlumberger
Standardization
Security
3
Schlumberger’s Banks
STP
Compliance
Schlu mberg er
Private
Project Scope
The project is being deployed worldwide.
Around 150 locations, 30 banks and 1000 users
Schlu mberg er
Private
Live
7 banks, in 11 countries
▪ Dubai
▪ France
▪ Abu Dhabi
▪ Netherlands Treasury
▪ Oman
▪ Norway
▪ Yemen
▪ Singapore
▪ Nigeria
▪ Brazil
▪ Qatar
In the pipe:
▪ 10 banks
▪ 25 countries
Processes impacted ▪ All payment types (suppliers, payroll, treasury, taxes)
▪ Reporting: Prior day statements
▪ Operating units liquidity management
▪ Treasury operations confirmations
4
SLB Network
Standardization…
Schlumberger Finance B.V.
BIC:
SFBVNL2G
SWIFT
Service
Bureau
PHUB
Schlu mberg er
Private
FileAct
FIN
Routing
Database
…as an objective
ERP
TMS
SLB Affiliates
■
Integration
Payment routing information
Schlumberger
Standardization
Security
STP
Compliance
o Reduce rejections and repairs due to incorrect routing o Global banking database implemented into PHUB
■
Banking formats o Minimize developments, maintenance, costs and complexity o XML looks promising and is definitely one step towards the right direction o However:
❖ Bank readiness: only one bank in production with Schlumberger. 17 major banks asked during our 2 first waves
❖ Country and bank specificities still require adjustments (similar to MT101)
❖ Risk to see many versions of the XML
❖ Can be mitigated to some extent with banks implementation process: documentation, testing process,…etc.
❖ Bank to undertake the work around roll books