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SBYN - SeeBeyond Provides Foundation for Commerzbank Payment Factory; Flexible

Integration Platform Simplifies
Electronic Transactions

Business Editors/High-Tech Writers

NEU-ISENBURG, Germany & MONROVIA, Calif.--(BUSINESS WIRE)--April
6, 2004--SeeBeyond (Nasdaq:SBYN), provider of the world's first fully
integrated platform for the development and deployment of composite
applications, today announced the successful deployment of its
software suite by Commerzbank, one of Germany's -- and Europe's --
leading private-sector banks. Commerzbank has been using its new,
integrated 'Payment Factory' transaction platform to handle the mass
transactions of its business clients since December 2003. Based on
software provided by SeeBeyond, Commerzbank has developed its Payment
Factory platform which acts as the bank's information hub and
converter. The bank uses the platform to handle a wide range of
message formats which cannot be processed by standard interfaces; it
does this flexibly and takes full account of customers' specific
needs. This allows Commerzbank to offer its corporate clients a
complete package of low-cost and rapid-response transaction services.
Today, many financial service providers such as major banks are
increasingly under pressure to respond to customer and regulatory
demands. As a result, these institutions must make it their top
priority to offer their corporate clients, both nationally and
internationally, a comprehensive range of the very latest transaction
services to be a complete service provider. In addition, cost-cutting
pressure is forcing each transaction banking unit to embrace
automation, straight through processing and an agile infrastructure. A
further consideration, specifically for Commerzbank, was to replace
its existing EDIFACT system for transaction processing.
Commenting on the benefits of the deployment of Payment Factory,
team leader of the Commerzbank Payment Factory, Werner Heinz, says,
"With Payment Factory, we can record, interpret, convert and forward
transactions in any format to any access point, be it an internal
processing system or an external partner."
This forwarding capability makes use of Commerzbank's existing BCS
(Banking Communication Standard) communication system. Utilizing an
internally developed graphical interface, which corresponds directly
with the SeeBeyond platform, Commerzbank system managers are able to
access the system from any workstation to remedy an error or carry out
an investigation.
"We were able to integrate the SeeBeyond solution into our
existing infrastructure. It meets the requirements of many different
international transaction solutions and is flexible and
cost-effective," added Mr. Heinz. "For example, the fact that it uses
the standard infrastructure has considerably reduced the operational
costs in comparison to the old EDIFACT platform."
The new platform can process a large number of different formats:
industry-wide EDIFACT, SWIFT for interbank and customer traffic,
national formats and SAP IDoc formats delivered by the customers'
systems, which have different transmission methods and in some cases
electronic signatures. The ability to carry out multiformat conversion
gives the bank a competitive advantage in the market.
At present, the corporate client transaction business unit handles
a data volume of five to six million transactions per year. Most of
these are still EDIFACT transactions. Yet Mr. Heinz is already looking
to the future. "A further advantage is that we can develop and
integrate new features with our own resources," he adds. "The
scalability of the Payment Factory system allows us to react to
additional demands at any time. We are well prepared for the future."
"Customers needing integrated transaction solutions are to be
found in all business sectors, from manufacturing and retail to the
services sector. The unifying market trend for financial services is
that increasing numbers of companies are concentrating their
transactions and cash management on a small number of banks. These
will function as central hubs for certain regions. By adopting Payment
Factory, Commerzbank has added an important service to its offering in
its quest to satisfy all its customers' demands," said David Bennett,
senior vice president and general manager of EMEA, SeeBeyond.

About SeeBeyond

Based on 14 years of software innovation and real-world experience
in integrating systems across Global 2000 organizations, SeeBeyond
(Nasdaq:SBYN) delivers the industry's first fully integrated platform
for the development and deployment of composite applications. Beyond
eAI, the SeeBeyond(R) Integrated Composite Application Network (ICAN)
Suite helps organizations rapidly assemble and deploy enterprise-scale
end-user composite applications built on existing systems and
infrastructure to dramatically improve business operations. SeeBeyond
has more than 1,880 customers worldwide, including ABB, ABN Amro, BHP
Billiton, The Cleveland Clinic, The Dial Corporation, DuPont, Florida
Power & Light, Fluor Daniel, Fujitsu, General Motors, Halliburton,
Hertz Corporation, Hewlett-Packard, Pfizer, Samsung, Sprint, Sutter
Health and UnitedHealth Group. For more information, please visit
www.seebeyond.com.

SeeBeyond is a registered trademark of SeeBeyond Technology
Corporation. All other brands or product names are trademarks of their
respective owners.

--30--LO/sf*

CONTACT: SeeBeyond
Barbara May, [phone] (EMEA)
[e-mail]
Kristi Rawlinson, 214-373-1519 (U.S.)
[e-mail]

KEYWORD: CALIFORNIA GERMANY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: SOFTWARE HARDWARE COMPUTERS/ELECTRONICS PRODUCT
SOURCE: SeeBeyond

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Apr-06-2004 12:01 GMT
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