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Aritma Pay
Aritma Pay is your all-in-one solution for seamlessly integrating your accounting system with your banks.
Aritma Pay directly connects your ERP, payroll system, or other expert systems to banks worldwide. We handle data conversion, ensure smooth information transfer, and make the entire payment process simple and predictable.
Take advantage of our plug-and-play solution and connect to any bank without having to make any changes to your current system.
Your systems
ERP
Payroll system
Other expert systems
Any file
format
ISO 20022
Open banking API
Your banks
Approve all of the company's payments directly, without having to go through online banking. This significantly simplifies the process, especially for businesses with multiple bank connections.
Handles all your domestic and international payments, including payroll and SEPA. With functionality that automatically consolidates multiple payments to the same supplier, costly bank fees are also reduced.
Incoming payments are automated, allowing payments to be matched directly to the correct invoice - even without the use of a reference number. This streamlines reconciliation and quickly closes open entries in the accounting.
Tasks related to the management and conversion of payment files are automated, significantly reducing manual tasks. No more file chaos or manual transaction matching. Save time, reduce human errors, and focus on core tasks.
Automatically import bank statements from the bank. This ensures accurate tracking of all transactions, such as interest and fees. This provides businesses with a comprehensive understanding of all banking activities.
Aritma Pay serves as a standardized solution, completely independent of the ERP, payroll system, or bank you use. This independence ensures that critical business processes remain unaffected, even if you choose to switch systems in the future.
With Aritma Pay you get one of the most flexible solutions for payment transfers there is.
Not only can we communicate with virtually any ERP using any file format on the market today - we cover almost every single bank in the nordics.
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+ 250 banks
+ any ERP
Most companies understand that automating the conversion- and transfer of their payment files will save the company time, but few are aware how much this costs the company every year.
Use our calculator to get a rough estimate.
Aritma Pay has successfully assisted over 100 Norwegian companies in transitioning from Telepay to the new standard, all without the need for any ERP system modifications.
March 31, 2024
June 30, 2024
October 1, 2024
June 1, 2024
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Aritma Pay is the ideal solution for businesses seeking a seamless transition from Telepay to the new ISO 20022 XML-standard.
It allows for easy conversion between Telepay and ISO 20022 without the need to upgrade existing payment systems, ensuring a smooth and straightforward switch for businesses.
Beyond converting from Telepay to ISO 20022, Aritma Pay also offers standardized bank integration and automated accounting by streamlining manual payment processing routines.
Telepay is a standard file format for remittance (transfer of payment information) between, for example, accounting systems and banks. The file format is a Norwegian standard that can be used for both domestic and international payments.
Developed in the late 1980s, Telepay has historically been Norway’s most widespread payment format. With the adoption of ISO 20022 as the new standard, the management of Telepay by banks and Bits has ceased, leading to its discontinuation on various dates by different banks.
Norwegian banks have set an end-date for Telepay:
DNB: March 31, 2024
SEB: June 1, 2024
Nordea: June 30, 2024
Sparebank 1: October 1, 2024
Many large companies still use Telepay, especially those with on-premise ERP systems or specialized systems supporting payment processing. These systems can be challenging to maintain and upgrade.
If you don't yet have a plan for transitioning to ISO20022, time is of the essence.
Aritma Pay is a solution that automates payment processing between accounts and banks.
Automated accounting with Aritma Pay offers numerous benefits:
- Efficiency: Reduces the time and effort required for manual data entry and reconciliation.
- Accuracy: Minimizes human errors, ensuring precise financial records.
- Cost Savings: Lowers administrative costs associated with manual accounting processes.
- Real-Time Processing: Enables immediate processing of transactions, improving cash flow management.
- Integration: Seamlessly integrates with existing accounting software, enhancing overall financial management.
- Compliance: Ensures adherence to regulatory standards and reporting requirements.
ISO 20022 XML is an international standard for electronic data interchange between financial institutions. It is much more flexible and detailed than older standards like Telepay.
It also allows for a more comprehensive description of payment transactions, which improves data quality and provides better opportunities for automation and analysis.
ISO 20022 XML supports a wider range of transaction types and can be adapted to various needs across global markets.
Aritma Pay supports a variety of payment formats including (but not limited to):
- Autogiro (SE): Direct debit system in Sweden.
- Autogiro Leerandørservice (DK): Danish supplier direct debit.
- Avtaledata (NO, DK)
- Avtaledata B2B (NO): B2B agreement data for Norway.
- Bankgirot (SE): Swedish payment processing system.
- BBS (NO): Norwegian payment service.
- Bgmax payments (SE): Enhanced Bankgirot payment system in Sweden.
- BS PBS (DK): Danish payment service.
- Corporate File Payments (SE): Corporate payment files in Sweden.
- Danske Bank (DK): Payment format for Danske Bank.
- Electronic Trade Format EHF (NO): Norwegian electronic trade format.
- E-moneyger (GB): Electronic money services in the UK.
- ERH BEC (DK): Danish ERH format via BEC.
- Finnish Formats (FI): Various Finnish payment formats.
- ISO20022: International standard for electronic data interchange.
- JyskeNettbank (DK): Danish Jyske Bank online banking format.
- New Autogiro (SE): Updated Swedish Autogiro system.
- OCR Finnish Formats: OCR payment formats in Finland.
- PBS FIKAdvis payment card (DK): Danish payment card system.
- Plusgirot (SE): Swedish postal giro system.
- SESISU Nordea (SE): Nordea’s SEPA format in Sweden.
- Telepay 2.01 (NO): Norwegian Telepay format.
- Total IN payments (SE): Total IN inbound payments in Sweden.
- Unitel (DK): Danish Unitel format.
If you can´t find your preferred payment format on the list , get in touch with us.
Yes, it provides tailored solutions for businesses to manage large volumes of transactions efficiently.
Aritma Pay is ideal for businesses of all sizes that require automated and efficient payment processing. This includes small businesses, medium-sized enterprises, and large corporations across various industries such as retail, finance, healthcare, and more.
Yes, it enables instantaneous payment transfers between banks, enhancing transaction speed and reliability.
Conversion in Aritma Pay involves transforming payment data into the required format for processing. The solution supports various payment formats and automates the conversion process to ensure seamless integration with banks and financial institutions.
This automation reduces manual effort, minimizes errors, and ensures compliance with different regional and international standards.
Yes, Aritma Pay handles both incoming and outgoing payments with and without KID.
What is KID?
Payment processing refers to the process of transferring money from a payer to a recipient. This includes both domestic and international transactions and involves banks, payment systems, and other financial institutions that act as intermediaries to ensure the secure and efficient transfer of funds. Payment processing encompasses the use of various payment instruments such as electronic transfers, credit cards, debit cards, checks, and increasingly, digital and mobile payments.
EHF (Elektronisk Handelsformat) is a Norwegian electronic invoicing standard used for secure and efficient electronic trade between businesses and government entities.
Supported by Aritma Pay.
Autogiro is a direct debit system that allows businesses to automatically withdraw payments from customers' bank accounts, widely used in Sweden for recurring payments.
Aritma Pay supports this format.
Bankgirot is a Swedish payment processing system that facilitates transactions between banks and businesses, ensuring secure and efficient handling of payments.
Aritma Pay supports this format.
OCR (Optical Character Recognition) is a technology used to convert different types of documents, such as scanned paper documents or PDFs, into editable and searchable data.
In payments, OCR is often used to read payment slips and invoices.
Direct remittance involves sending payments directly to recipients' bank accounts, bypassing intermediaries for faster and more efficient transactions.
Aritma AS is a licenced PSD2 provider through the Norwegian Financial Authority (Account Information Service Providers).
