Ordo: Siemens’ newest payment solution
With smart metering becoming more ubiquitous, Siemens has produced the Managed Credit solution, together with CGI, utilising Ordo’s Open Banking capability
Using Ordo’s Request for Payment service, results in:
The central energy wallet concept developed by Siemens means an improved customer energy platform interface
Image by Siemens, Managed Credit Solution with Ordo embedded
Image credit: Siemens Managed Credit Solution with Ordo payment technology embedded
With Ordo, Siemens are able to offer their Managed Credit solution with commission-free payments
Bringing our payment platform and Open Banking expertise, together with that of IT and business consulting services firm CGI, making the Managed Credit solution even better, with commission free payments.
We are a pioneer of technological innovation, and with CGI’s near 6,000 consultants worldwide supporting energy retailers to transform operations, drive cost efficiencies and improve the customer experience, Ordo’s payment solutions are the perfect fit. Ordo’s solution, integrated into the Siemens product, allows energy suppliers to securely request payments from customers in real-time, via direct bank-to-bank transfer. This can significantly reduce payment and reconciliation fees on every transaction, generating significant savings for both supplier and customer.
How Ordo delivers its Request for Payment solution for Managed Credit
Siemens’ central energy Wallet removes the need for a costly IHD/PPPMID, whilst the single energy balance means fewer top ups, significantly reducing transaction fees for the energy supplier. With greater visibility of energy usage via smartphone or website and in-built top up alerts, customers can self-serve, reducing customer service costs.
Better for customers
Managed Credit makes energy management accessible and user friendly for domestic and small business customers alike. It combines electricity and gas balance in one Central Wallet that can be accessed by a smart phone. Users can configure alerts and automate top ups to help with budgeting and ensure that self-disconnection is minimised.
Ordo offers a range of Open Banking enabled services from no integration app and web functionality; and QuickBooks, Sage and Xero compa bility to full API integra on via simple APIs to suit every large enterprise.
Managed Credit is an excellent opportunity for energy suppliers to build upon their existing standard credit, direct debit and prepayment offers for domestic and small business customers alike.
The solution is highly scalable and can cover both large supplier estates as an alternative to smart prepayment, as well as providing an innovative approach to prepayment for challenger brands.
Smartphone interface digitalises the IHD/PPMID
Making energy management easier for customers.
Daily reads maintain wallet balance
With scheduled auto top up functions, protecting against self-disconnection.
Powered by an innovative Central energy Wallet
Through which customers can top up electricity and gas as one payment.
Leverages open banking capabilities
Providing comission-free payments, which generate significant savings for suppliers.
Compatible with DCC Adapters
Works with all existing mainstream DCC Adapters.
Uses flexible and highly scalable cloud infrastructure
Particularly helpful for growing energy suppliers.
Bank grade security
No card data is collected so no requirement for PCI-DSS compliance, relieving redulatory burden.
For use with domestic and commercial customers
Suitable for domestic credit customers, prepayment customers and small businesses.
How is Ordo integrated
within Managed Credit?
Managed Credit, complete with commission free Ordo’s Open Banking instant payment capability, is integrated into existing systems to provide data on customer energy usage and daily energy reads to customers
Daily energy readings to help maintain energy balance
The Managed Credit option, with Ordo integrated, takes daily reads from the customer’s smart meters to update a Central Wallet displayed on their smartphone, allowing for auto top ups and easy to manage payment balance, all at low cost to the supplier. This ensures customers are kept aware of their bills and energy credit, reduces their risk of self-disconnection and limits calls to energy call centres.
Leveraging Ordo’s Open Banking capability means instant bank account to back account transfer, saving the 1% commission on every payment
The Ordo, Siemens and CGI collaboration means there can now be credit energy without the risk, and prepayment energy without the cost. Contact Ordo for how we can simply integrate our solutions into your systems today.