Fides Treasury Services Ltd., the global leader in multi-bank connectivity and communications, announced today that two of its customers have been honored with 2018 EuroFinance Treasury Excellence Awards.
UPS was named the winner of the treasury excellence award for technology implementation. The award was based on the multi-banking solution the transportation and logistics leader implemented using Fides and the Reval TMS to deliver cash visibility across the business. A pressing need for cash visibility and to modernize pushed UPS’ treasury to achieve a real-time cash view with inbuilt flexibility for the future, with reduced risk and administrative time as overall benefits.
“The solution we implemented with Fides and Reval has helped us transform our treasury operations,” said Eli Brown, UPS’ Treasury Process Controller. “The visibility provided by Fides has greatly increased our efficiency in managing cash and cash assets, which is ultimately what treasury is about.”
Volvo Car Corporation won the treasury excellence business partnering for value-add award, based on finding imaginative yet practical ways in which its treasury could add demonstrable business results. Volvo Cars’ treasury team actively seeks the best solutions for the business, including new technologies that drive efficiency and automation throughout the company. Volvo Cars uses Fides to manage its payments workflows, leveraging Fides’ validation services to ensure payment and messaging continuity.
Each EuroFinance Treasury Excellence Award winner will present an in-depth case study at the flagship International Treasury Management conference this week in Geneva, Switzerland, Sept. 26-28.
“We are thrilled that our customers have received this recognition from EuroFinance,” said Simon Kaufmann, Head, Client Relations and Marketing at Fides. “It is a strong statement and great recognition to all the efforts their treasury departments have put into innovation and business best practices, keeping their businesses on the leading edge.”
To showcase its clients’ many success stories, Fides recently launched an “Our Clients” web page. The site features customer logos and case studies designed to help corporate treasurers learn how their peers are using multi-banking solutions, the challenges they have faced, and how they overcame those challenges to achieve success.
Learn how UPS leverages multi-banking solutions from Fides and the Reval TMS to achieve close to real-time cash visibility, strengthen cash positioning, and streamline global bank messaging and payments processing.
Fides is the global leader in multi-bank connectivity and transaction communications.
With the industry’s largest bank connectivity network, Fides helps over 3,000 active clients communicate with more than 10,000 banks globally. Our geographic reach spans 170 countries across the Americas, EMEA, and APAC regions.
Committed to helping corporations optimally connect and interact with their banks for over a century, Fides’ solutions deliver critical multi-bank account statement, payment workflow and reporting capabilities that allow treasury and finance teams to easily, accurately and securely communicate with their banks through any possible channel such as SWIFT, EBICS, SFTP or any alternative network.
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