Omikron

What Omikron does

Omikron Systemhaus GmbH & Co. KG is a German software company headquartered in Cologne that has developed and marketed the multicash electronic banking and payment processing platform since its founding in 1983. The company serves two primary customer segments: large corporates that need to consolidate multi-bank payment traffic, automate payment factories, and centralize cash and treasury management, and banks and financial institutions that require standardized EBICS communication infrastructure, white-label corporate online banking, and PSD2/Open Banking connectivity. Named enterprise customers include ALDI SÜD, E.ON SE, RWE AG, Deutsche Post DHL Group, Ravensburger AG, Viessmann Group, Debeka Group, Dussmann Group, DKV Mobility, and McFit, while the banking segment includes Deutsche Bank, DZ BANK, Commerzbank, UniCredit Bank Austria, Mizuho, and MUFG. Across both segments the company reports more than 100,000 corporate customers and 50+ bank customers worldwide, with primary geographic coverage in DACH and Central and Eastern Europe via a direct field-sales motion and an international partner network.

The multicash platform is modular and standards-based, supporting EBICS (including 3.0), the proprietary MCFT file transfer protocol, SWIFT, Host-to-2-Host, and API communication channels. Core corporate products are multicash classic (centralized cash and account management with manual and approval-driven payment processing) and multicash transfer (a fully automated Payment Factory for high-volume, multi-entity operations). Banking-side offerings comprise multicash on (a web/app-capable corporate online banking suite), the multicash communication platform (a central banking server connecting core banking systems, corporates, and external services), and multicash client applications (EBICS clients including autoclient for headless automation and onlineclient for browser-based access). A broad add-on module catalog covers payment formats (SEPA, ISO 20022, country-specific and bank-dialect formats), cash management (cash pooling, real-time liquidity visibility), electronic bank account management (eBAM+), sanctions/denied-party screening, EBICS and MCFT communication, multibank consolidation, Open Banking / XS2A, and Verification of Payee for EU Instant Payments Regulation compliance. Deployment options include traditional on-premise installation and multicash cloud, a fully managed private cloud hosted on noris network AG infrastructure in certified German data centers.

Omikron monetizes through a mix of software licensing (on-premise), managed cloud subscriptions, professional services (implementation, integration, consulting, training, support), and add-on module fees. Pricing is not publicly disclosed and is set through a quote-based enterprise sales process led by dedicated account executives for corporate and banking segments, supported by an international partner network covering Poland, Bulgaria, Czech Republic, Germany, Hungary, Romania, and the Netherlands. In March 2024, the company entered its first significant external investment partnership with FLEX Capital, a German Mittelstand-focused private equity firm, signaling an inflection toward accelerated product investment and growth after four decades of independent operation.

Name

Omikron

Legal name

Omikron Systemhaus GmbH & Co. KG

Website

https://omikron.de

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

Omikron (multicash) is a German software company that has provided electronic banking and payment processing solutions for over 40 years, serving 100,000+ corporates and 50+ banks across DACH and Central and Eastern Europe.

Ownership category

akta.pro rank

Product category

Transaction Banking Software

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI), Account Aggregation & Connectivity (Multi-bank linking) (FSAGACAA)

Keywords

• Electronic banking software
• Payment processing platform
• Treasury management solutions
• Corporate payment factory
• EBICS banking connectivity

Headquarters

HQ city

Köln

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Software Licensing (On-Premise): Traditional perpetual or term software license model for on-premise installation of multicash. The software is installed in the customer's own IT environment, fully integrated with their existing systems. Includes maintenance and support fees.
2. Cloud / Managed Services: Fully managed cloud solution (multicash cloud) where Omikron provides infrastructure, software, and operations from certified German data centers. Revenue is recurring, based on service subscription including hosting, management, and support — no upfront hardware investment required.
3. Professional Services & Consulting: Implementation, integration, consulting, project management, training, and technical support services. Includes installation, integration with ERP/banking core systems, custom configuration, and ongoing technical hotline and ticket system support.
4. Add-on Modules: Modular add-on products (Payment Formats+, Cash Management+, eBAM+, Sanctions Screening, Verification of Payee, Multibank Connector, Open Banking/XS2A, etc.) sold as extensions to the base platform, likely as additional license or subscription fees.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Omikron develops and sells the multicash platform, a modular electronic banking and transaction banking software that enables corporates and banks to manage national and international payment traffic, automate payment factory workflows, and consolidate multi-bank, multi-format payment processing into a single system. The platform supports both cloud-hosted and on-premise deployments and includes add-on modules for cash management, electronic bank account management, sanctions screening, multibank connectivity, and open banking (PSD2/XS2A) integration.

Product overview

Omikron's multicash is a modular Transaction Banking platform consisting of two main product lines: Corporate Solutions (multicash classic for manual payment processing and cash management; multicash transfer for automated Payment Factory operations) and Banking Solutions (multicash on as an online banking suite; multicash communication platform as a central banking server). The platform is enhanced by multiple add-on modules including Payment Formats+, Cash Management+, eBAM+, Sanctions Screening, EBICS/MCFT Communication, Multibank Connector, Open Banking (XS2A), and Verification of Payee, available as cloud-hosted or on-premise deployments.

Differentiator

Problem solved

Functional benefit

Products and services

• multicash classic Central cash and account management solution for corporates that consolidates banking relationships and payments without using individual bank clients. Payments are entered, checked, and approved directly in multicash according to defined authorization concepts.
• multicash transfer Centralized, fully automated Payment Factory for corporates with high payment volumes, multiple entities, or complex payment flows. Consolidates payment files across entities, processes them in a standardized way, and automates cross-bank transmission.
• Payment Formats + Comprehensive library of global payment formats supporting SEPA, ISO 20022, country-specific formats, and individual bank dialects for error-free communication with financial partners worldwide.
• Cash Management + Centralized, group-wide overview of all national and international accounts, balances, payment flows, and liquidity positions enabling efficient liquidity management, cash pooling, and integrated forecast functions.
• Electronic Bank Account Management + (eBAM+) Fully digital account lifecycle management enabling automation of bank relationship administration from account opening to closure, including authorization maintenance, KYC document repository, and audit-compliant process controls, eliminating paper-based processes.
• Denied Party Check / Sanctions Screening Automated screening add-on that matches business data against international sanction and embargo lists, supplemented by company-internal positive and negative lists, ensuring compliance and securing global payment flows.
• multicash cloud and on-premise Flexible deployment options including a fully managed cloud solution on dedicated IT infrastructure in certified German data centers (partner: noris network AG) or traditional on-premise installation fully integrated into existing IT landscapes.
• multicash on Web and app-capable online banking suite for banks offering corporate clients centralized digital access to payment transactions, multi-banking, and cash management with real-time liquidity analysis.
• multicash communication platform Central banking server (Bankrechner) connecting core banking systems, corporate clients, and external services through standardized interfaces and channels, enabling efficient, regulatory-compliant, and secure transaction banking.
• multicash client applications EBICS client solutions for banks to offer their corporate clients, including multicash classic, multicash transfer, multicash autoclient (automated processing), and multicash onlineclient (web-based access).
• EBICS Communication Standardized EBICS connectivity for firm-customer bank communication, enabling direct connection from ERP, Treasury or Payment systems with reliable transfer of payment and information files.
• Multibank Connector Central communication engine enabling corporate customers to manage accounts at different banks in one application, consolidating account information and payment execution across all banks using EBICS and MCFT.
• Open Banking (XS2A) PSD2-compliant Access-to-Accounts connector enabling flexible connection of additional internal and external services including bank-internal APIs, specialized third-party provider services, and additional multicash modules.
• Verification of Payee (VoP) Procedure to verify alignment between payment recipient name and IBAN before executing SEPA transfers, preventing misdirected payments and fraud, compliant with EU Instant Payments Regulation requirements.

Quantifiable outcome

• 100,000+ corporate customers served globally
• +2 more outcomes

Named customers29 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature15 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• noris network AGcoreTechnology or Integrationnoris network AG is the cloud infrastructure partner for multicash cloud. Omikron leverages noris network's certified German data centers to host multicash cloud, providing customers with secure, certified hosting in Germany, integrated disaster recovery, and full managed services — all under Omikron's operational management.
• Bitkom e.V. (Working Group on Digitalization & Sustainability)minorStrategic or Co-development PartnerOmikron participates in the Bitkom e.V. Working Group on Digitalization & Sustainability, contributing to industry discussions on combining digitalization with sustainability objectives and climate protection.
• NABU Köln (Naturschutzbund Köln)minorOthersLong-term environmental cooperation with NABU Köln (Nature Conservation Association Cologne) to implement measures to improve the local environment at Omikron's headquarters, including wild bee nesting aids, pond maintenance, and tree/bush conservation. NABU conducted a survey that even spotted an endangered edible dormouse (Gartenschläfer) on the premises.
• Andra Spolka z.o.o.coreChannel Partner/ Reseller/ DistributorPolish partner responsible for sales, service, consulting, and support of multicash solutions in Poland. Provides local implementation, integration, and training services, and develops local special solutions adapted to Polish market requirements.
• Global Consulting Ltd.coreChannel Partner/ Reseller/ DistributorBulgarian partner for sales, service, consulting, and support of multicash solutions in Bulgaria. Provides local market adaptation and implementation support.
• Management Data Prag s.r.o.coreChannel Partner/ Reseller/ DistributorCzech partner for sales, service, consulting, and support of multicash solutions in the Czech Republic market.
• MD Software & ServicecoreChannel Partner/ Reseller/ DistributorGerman partner (based in Nuremberg) for sales, service, consulting, and support of multicash solutions in the DACH region.
• Omikron MagyarországcoreChannel Partner/ Reseller/ DistributorHungarian subsidiary/partner responsible for sales, service, consulting, and support of multicash solutions in Hungary.
• Omikron Solutions SRLcoreChannel Partner/ Reseller/ DistributorRomanian partner (SRL — limited liability company) responsible for sales, service, consulting, and support of multicash solutions in Romania.
• WIELTEC treasury servicescoreChannel Partner/ Reseller/ DistributorDutch partner based in Wassenaar for sales, service, consulting, and support of multicash solutions in the Netherlands, specializing in treasury services.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Trovata: Trovata is an emerging cloud-native treasury platform offering bank connectivity, cash visibility, and forecasting targeted at mid-market and enterprise corporates. While smaller and US-focused, it represents a generation of cloud-native competitors that may pressure multicash's modernization agenda.
• LucaNet: LucaNet is an emerging European player specializing in financial planning, consolidation, and cash flow forecasting, with growing overlap into cash management. It competes partially with multicash's Cash Management+ and Cash Forecasting modules for DACH corporate finance teams.

Broad incumbents

• SAP (S/4HANA Treasury and Cash Management): SAP is a broad incumbent embedding cash management, bank connectivity, and payment processing within its S/4HANA Finance suite. As the incumbent ERP, SAP's roadmap decisions directly affect multicash's ability to sell as a best-of-breed overlay to large enterprise customers.
• ION (Wallstreet Systems / IT2): ION Group is a broad incumbent offering treasury management and FX trading systems through Wallstreet Systems and IT2. It competes with multicash's treasury and cash management modules for multinational corporate treasury modernization engagements.
• Bottomline Technologies: Bottomline is a broad incumbent in payments, cash management, and fraud prevention with a corporate banking and treasury suite that overlaps multicash's capabilities. While broader in scope (including fraud, B2B payments, and spend management), it directly competes for bank connectivity and payment factory budgets.

Direct peers

• Kyriba: Kyriba is a direct peer offering a cloud-based treasury and cash management platform with global bank connectivity, payment processing, and FX risk management. It competes head-to-head with multicash for multinational corporate treasury and finance transformation engagements.
• Serrala: Serrala is a direct peer providing enterprise payment solutions including payment hub, cash management, and EBICS-based corporate banking software, with strong overlap with multicash's product portfolio. Both serve large corporates and banks across Europe with similar compliance and bank-connectivity focus.
• GTreasury: GTreasury is a direct peer providing treasury management, cash visibility, and payment processing solutions to large corporates. It competes with multicash's cash management and payment factory offerings, particularly for multinational organizations with complex banking structures.
• TIS (Treasury Intelligence Solutions): TIS is a direct peer offering a cloud-native payment hub and treasury platform for corporates with multi-bank connectivity, similar to multicash's Payment Factory and Cash Management capabilities. Both target large enterprises seeking centralized, bank-agnostic payment, cash, and FX workflows.

Regional players

• Cegid Treasury: Cegid Treasury is a European regional player offering cash management, treasury, and payment solutions primarily in France and broader Western Europe. It overlaps with multicash's corporate solutions for European mid-market and large enterprises, though with a more regional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Omikron