The client

Rooted in Stockholm but spreading its impact across the globe

With its base in Stockholm, Sandvik is a global player with more than 350 operating entities, providing high-tech engineering solutions for the manufacturing, mining and infrastructure industries.

Founded in 1862, Sandvik has:


operating entities globally




countries with sales

The challenge

Transforming treasury operations for unmatched efficiency

In 2013, Anneli Walltott, deputy group treasurer at Sandvik Treasury AB, set out an ambitious goal for her team. The team was centralized, but local subsidiaries ran separate systems and managed payments via a range of interfaces and banking relationships. The treasury team needed to transform the disparate processes into highly automated, digitized and efficient payment and treasury systems that would be second to none among its peers.

“We wanted to create a treasury operation that would put us ahead – not just the company, but the treasury group as well,” she said.

Given the company’s complex structure, the project would be a multiyear effort implemented in stages. The team decided to manage the transformation in-house without the use of third-party consultants.

One centralized view for all payment workflows

Centralizing and standardizing the company’s global payments in a unified payment solution was the first priority. The Sandvik treasury team chose FIS® Payments Hub – Enterprise Edition.

A real-time snapshot of global risk and liquidity positions

As Sandvik continued its growth strategy, the treasury team increasingly needed more sophisticated functionality. Sandvik selected FIS Treasury and Risk Manager – Quantum Edition.

The results

From disparate processes to superior payment and treasury systems

The treasury team transformed disparate processes into highly automated, digitized and efficient payment and treasury systems that are second to none among its peers.


Payments and treasury systems are now integrated and fully managed in-house, saving costs and optimizing efficiency.

Learn more

The impact

Process integration has transformed Sandvik’s treasury

Building a global presence

Since the start of implementation in 2014, 66 countries have been onboarded, with more being added every year.



Turning twists into triumphs

Anneli Walltott and her team can look back at the progress they’ve made over a journey that took some twists and turns, but transported them to their goals and yielded significant, measurable benefits.

Implementing FIS Treasury and Risk Manager has made us much more agile, scalable and flexible. It’s also made onboarding and integrating newly acquired businesses much easier to accomplish. It is a true treasury transformation.

Anneli Walltott Deputy Group Treasurer, Sandvik Treasury AB

Let's talk

Let’s connect to discover how we can help your business innovate and prepare for the future, today.


FIS Treasury and Risk Manager – Quantum Edition

Gain more control over liquidity and risk

Manage debt and investments

Manage short-term cash and funds, keep track of debt instruments and carry out modeling.

Meet regulatory compliance obligations

Automate daily derivative reporting, hedge accounting and risk disclosures with audit tracking and exception reporting.

Break down reporting silos

Comprehensive data feeds and APIs to integrated with other bank systems and external data sources.

Manage liquidity

Cash position tracking, bank communication, reconciliation and cash pooling.

Mitigate risk

Control and monitor real-time risks and run risk reporting.


FIS Payments Hub – Enterprise Edition

Modernize your corporate payments journey

Improve cashflow

Centralized view of payments and risk to increase clarity on liquidity and improve decision-making.

Reduce cost and maximize resources

Use automation to reduce your transactional costs and the operational expense of multiple bank connections.

Control the risk of payment fraud

Centralize corporate payments across the enterprise and create internal controls to mitigate fraud risk and errors.