The State Social Insurance Fund Board (SODRA) uses the SAP Financial Management System for financial management and accounting. During the project, Innforce experts have developed and implemented SAP modifications to enable SODRA to join the pan-European payment area SEPA (Single Euro Payments Area). This system enables interbank payments across the euro area to be executed quickly, safely and easily. Because of this innovation, suppliers and customers of SODRA no longer have to wait to get their money in their bank accounts. Until SEPA was introduced, interbank money transfers were credited three times a day, at 9, 12 and 15 hours, and some banks indicated that they executed interbank payments every hour. SEPA-based payments are real-time. Such a major acceleration of the payment process is beneficial not just for customers of SODRA, but all operators. During the project, InnoForce experts have also developed and implemented optimization solutions that enable rapid processing and transfer of large amounts of SODRA payment data to banks all at once.




Project period