Rieter

Rieter has more than 30 subsidiaries worldwide, partners with a large number of banks, and maintains numerous bank accounts. In order to boost business efficiency and cut costs, the company wanted to optimize its treasury department technology, standardize processes, and centralize treasury data.

LafargeHolcim

LafargeHolcim does business across more than 70 markets in both developed and emerging countries. The building materials giant needed a way to aggregate data and streamline payments in a secure and costeffective way while ensuring compliance with global and regional regulations.

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.

UPS: Increasing Global Cash Visibility and Reducing Risk

UPS leverages the Reval TMS and multi-banking solutions from Fides to achieve close to real-time cash visibility, strengthen cash positioning, and streamline global bank messaging and payments processing.

Payoneer: 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.

Etex: 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.

Millicom: 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.

Paramount 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.

Volvo 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.

Cochlear: 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.

AES 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.

Trafigura: 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.

Autoneum: 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.

NCR 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.

Bucher 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.