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Dell's SWIFT Global Connection

Dell aims to connect via SWIFT with all its accounts across the globe, using the full range of messages, and transform its whole payments structure at once.

By Richard Gamble | Updated on October 01, 2010

When it comes to joining SWIFT, most companies approach this complex project in carefully calibrated steps over an extended timeline. Defying conventional thinking, Dell Inc. is leaping ahead. “We’re taking the big bang approach,” says Peter Schmitz, Dell’s global treasury product manager. The company started the groundwork a year ago, and while no live messages were being sent or received as of September, Schmitz expects that before the end of the year, Dell will be “live with all of our 600-plus accounts across the globe, using the full range of reporting and payment messages.”

How did SWIFT, Dell’s service bureau, and the peers with which the company benchmarks react to this ambitious plan? “They were surprised,” Schmitz says. “They thought Dell’s approach was quite aggressive for the complexity and scope of the project.”

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