Simon Kaufmann, head of client relations and marketing, explains how treasury aggregators (also known as bank connectivity solution providers) like Fides, can help companies bridge the technology gap between their old treasury management and a new cloud-based TMS without an enormous financial commitment.
In November 2018, Global Finance magazine named the BPS-Sberbank’s internet unit—Sberbank Business Online—the Best Digital Corporate Bank in Russia, Central and Eastern Europe. The unit also succeeded in three corporate sub-categories for Central and Eastern Europe: Best Online Portal Services, Most Innovative Digital Bank, and Best Integrated Corporate Bank Site.
In business, everything starts and ends with a payment. Companies receive payments from customers and make payments to their suppliers every day and the finance department is responsible for ensuring that the company is paying the right amounts and receiving the expected sums. Often, companies are processing these payments in multiple locations, with different teams working with local banks, customers and vendors. However, the move towards more digital payment methods is changing the payment landscape — rapidly.