Hästens
Hästens is made up of multiple entities, which conduct operations around the world. The company does business with hundreds of those bank subsidiaries. Hästens needed a way to automatically aggregate all the information from its various banks to get the cash visibility needed for accurate reporting and cashflow forecasting.
Read MorePayoneer: Aggregating Treasury Data for Improved Analysis
Payoneer, an innovative cross-border payments company transforming the way businesses pay and get paid globally, needed a connectivity solution that could aggregate the data from its diverse providers, enable treasury to analyze that data, and work seamlessly with its TMS. Payoneer’s implementation of Fides won the Global Finance Magazine 2018 Treasury and Cash Management Award for Best Overall Implementation in the Best Corporate Implementation category.
Read MoreEtex: Increasing Treasury Efficiency and Reducing Risk
Lightweight building materials company Etex needed a connectivity solution to seamlessly connect to its City Financials TMS and SAP ERP, automating processes, payments and statements across 23 countries and 16 banks while ensuring no payment activity with sanctioned countries. Fides was the clear answer.
Read MoreMillicom: Improving Visibility Through Centralization
Millicom handles hundreds of accounts globally through multiple banks located in various parts of the world, using multiple ERPs. The company needed greater visibility into its global treasury operations, more automated, scalable bank connectivity, and a centralized user interface. Fides works with all of Millicom’s banks, delivering centralized access and the visibility into global transactions that the company needs.
Read MoreParamount Group: Automating Payments for Increased Business Efficiency
New York-based real estate investment firm Paramount Group turned to Fides for a connectivity solution that could handle SWIFT payments with more than 180 accounts within eight banks, and seamlessly connect with the company’s TMS to centralize payments and reporting.
Read MoreVolvo Cars: Securely Extending Global Bank Connectivity for Innovation
Volvo Car Group has been a world leader in safety technology and innovation since 1927, when the first Volvo was manufactured in Gothenburg. Volvo Car Group uses Fides to manage its payments workflows, leveraging Fides’ validation services to ensure payment and messaging continuity.
Read MoreCochlear: Increasing Cash Visibility and Cash Management
Cochlear has operations in more than 20 countries but had limited visibility into all the bank accounts being used. Its treasury team couldn’t monitor and control appropriate cash levels and also left the organization open to FX translation risk from the revaluation of foreign currency accounts. Cochlear leverages Fides to obtain bank account balances through a single secure SFTP connection, which also feeds directly into its TMS.
Read MoreAES Corporation: Achieving Business Continuity for Treasury Operations
AES Corporation was working with banks in 45+ countries that had 750+ accounts reporting electronically. AES wanted to split the banking portfolio into two pieces: one provider acting as a service bureau for bank connectivity, and a separate ERP provider, to have more flexibility for future growth. Working with Fides allowed AES to aggregate, validate, and standardize disparate transaction data formats and communications, and deliver all the data to its TMS.
Read MoreTrafigura: Fides Streamlines Global Banking Operations for Massive Commodities Company
Trafigura’s operations involve countless financial transactions across the globe daily. The company’s treasury department was managing its financial relationships manually, using each bank’s proprietary platform. With Fides, Trafigura was able to centralize and automate all of its banking relationships.
Read MoreAutoneum: Payment Factory – a Worthwhile Disruption?
Autoneum wanted to centralize payment flows for treasury and AP payments. This meant centralizing execution of file transfers in a way that is effective and low cost while enabling transfers via one central bank connection to the appropriate bank relation and account. Autoneum leveraged SAP and Fides to create a successful payment factory, realizing significant savings in time and money.
Read MoreNCR Corporation: How NCR grew its Banking Network
NCR’s treasury team wanted to align with its key value chain imperative of delivering operational excellence by making every day easier for its treasury customers. With Fides, NCR was able to streamline processes and connectivity, as well as normalize formats to create a more efficient payment and cash management environment.
Read MoreBucher Industries AG: Achieving Treasury Vision 2010 at Bucher Industries
In 2007 Bucher developed its Treasury Vision, aiming to create a highly-automated operation including selecting and implementing a new TMS to replace its current combination of automated and manual processes. Through a combination of the IT2 TMS, Fides, and Abacus, Bucher has realized greater efficiencies and improved cash management data quality and processes.
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