Scaling and optimizing treasury with a long-term technology partnership
Teck Resources joins forces with FIS to unlock treasury optimization and growth over two decadesAt a glance
Featured product
FIS Treasury and Risk Manager - Integrity Edition
Objective
Maintain a best-in-class digital treasury to navigate change.
Results
Streamlined processes for complex cash and treasury management requirements.
Impact
With the latest technology from FIS, Teck has been able to improve the efficiency of its treasury operation, the accuracy of its financial reports and the quality of its financial decisions.
In the dynamic mining landscape and amid strategic acquisitions and spin-offs, Teck Resources has relied on FIS® Treasury and Risk Manager – Integrity Edition for over 20 years to support its evolving operations and help its team to scale for growth.
By using FIS’ award-winning software-as-a-service (SaaS) solution, Teck has streamlined key functions from liquidity management, risk management and deal management to trade finance and more, so it can move money quickly at scale and better manage cash flows and liquidity.
Ever-expanding use of the system
Over the years, Teck has gradually adopted and implemented more and more of Treasury and Risk Manager – Integrity Edition. Starting with basic bank communication and cash positioning for a complete and accurate view of cash flows, Teck has since expanded system usage to trade finance and commodities trading and risk management.
SaaS enhancement
Teck initially deployed Treasury and Risk Manager – Integrity Edition as an on-premises solution. Then, as FIS invested in and began offering cloud-based solutions, Teck switched to using the system on a SaaS basis, which allowed for automated upgrades and simplified system maintenance.
Enhanced reporting
Teck has worked closely with FIS experts to maximize the reporting capabilities of Treasury and Risk Manager – Integrity Edition. Thanks to an intuitive interface, individual users can easily configure reports to their different requirements.
Strength and security
As a Fortune 500 company, FIS offers Teck both long-term stability and the highest standards of security, from vulnerability scanning to real-time security infrastructure and network monitoring.
Easy integration
FIS’ best-in-class connectivity capabilities make it simple for Teck to connect securely to its ERP system, rate providers, trading portals and banking partners.Lasting relationship
Teck and FIS have enjoyed a long-standing partnership. Their collaboration has been instrumental in supporting Teck's growth trajectory as FIS continues to advance its treasury technology.
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Solutions
FIS SOLUTIONS
Our technology powers the global economy across the money lifecycle.
Money at rest
Unlock seamless integration and human-centric digital experiences while ensuring efficiency, stability, and compliance as your business grows.
Money in motion
Unlock liquidity and flow of funds by synchronizing transactions, payment systems, and financial networks without compromising speed or security.
Money at work
Unlock a cohesive financial ecosystem and insights for strategic decisions to expand operations while optimizing performance.