alseda PVOP – Pre-Verification of Payee

alseda PVOP Pre Validation VOP
alseda product manager

Silvana Linhart

Product Manager

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FACT SHEET

More information about the alseda PVOP solution for companies.

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alseda PVOP – The Pre-Verification Solution for SEPA VOP (for companies)

(Here: The solution for banks)

Why VOP is now relevant for companies 

Many companies have recently opted to use the opt-out option for VOP (Verification of Payee). This may seem sensible in the short term to circumvent the complex and sometimes still somewhat immature VOP processes.

Long-Term Strategy: Fraud Prevention Through Validation

In the long term, however, companies should leverage the opportunity offered by VOP to proactively prevent fraud. Using this function requires two essential steps:

1. Initial Data Cleanup: Existing bank account details for customers, suppliers, partners, and employees must first be reviewed and cleaned.

2.Ongoing Validation: When creating new business accounts, the IBAN and account holder name must be verified immediately.

alseda PVOP pre-validation für VOP

The alseda PVOP Solution

The alseda PVOP solution offers an integrated solution for both scenarios: It supports both the initial cleanup of large amounts of data and the real-time verification of new account details.

Solution Highlights:

The software is fully integrated into the SAP standard and offers a fully automated process:

  • Seamless Integration: Out-of-the-box connection to the SAP standard.

  • Intuitive Use: Use of standard SAP functions for logging, authorizations, etc.

  • Central Administration: A user dashboard for administration, reporting, and analysis of all processed transactions (including history).
  • Master Data Maintenance: Option to automatically transfer the returned, correct account holder (in case of a close match) into the master data of the account connection.
  • Flexibility: Manual individual verification as well as automated mass verification of account information.

Integration Options in SAP Applications

The alseda PVOP solution can be integrated into the following standard SAP applications:

  • SAP BP (Business Partner)
  • SAP MBC (Multi-Bank Connectivity)
  • SAP APM (Advanced Payment Management)
  • SAP IHB (In-house Bank)
  • SAP TR (Treasury Management)
  • SAP FI (payments/ Accounts Receivable/ Accounts Payable)
  • SAP CA (Customer Accounts)
  • SAP HCM (Human Capital Management)

Operating Environments

The solution can be flexibly deployed in: 

  • Public Cloud
  • Private Cloud
  • SaaS (Software as a Service)
  • S/4HANA On-Premise
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