ThomasPHARMA, INC.TREASURER
About Pharma, Inc.- Global Pharmaceutical Company
- REVENUE: $10.5 billion
- TOTAL BANK ACCOUNTS: 3,000
- TOTAL ANNUAL PAYMENTS: 800,000
Pharma, Inc.'s Challenges
- Multiple Payment Systems & Processes
- Lack of Standardized Controls
- Limited Cash Visibility
- Payment Fraud Risk
- FIS Trax: A payment factory solution that standardizes process, centralizes data, improves operational efficiencies and reduces payment fraud risk.
ThomasPHARMA, INC.TREASURER
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Pharma Inc. Treasurer, Thomas, pays counterparties across the globe.
The corporate payment factory routes payments and connects to the relevant banks.
The corporate payment factory then goes through cash positioning and liquidity monitoring.
The corporate payment factory goes through reconciliation, cash pooling, reviewing and posting accounts.
Thomas' account is updated in the corporate payment factory.
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ERP and Treasury
Management Solution
Payment transactions come from the ERP/treasury management solution.
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Corporate Payment Factory
The Corporate Treasurer approves payment transactions in the corporate payment factory, like FIS’ Trax solution. Fraud control checkpoint also happens here.
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Real-Time Payments
The corporate payment factory validates and routes real-time payments to the bank through eBanking channels, like SWIFT, or an API.
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Cross-Border
The corporate payment factory validates and routes cross-border payments to the bank through eBanking channels, like SWIFT, or an API.
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ACH
The corporate payment factory validates and routes ACH payments to the bank through eBanking channels, like SWIFT, or an API.
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Capture debit notification
The corporate payment factory receives the debit notification from the bank for all payment types.
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Corporate Cash Management
The Corporate Treasurer uses the cash management solution to optimize the cash position.
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Operational Control
Reconciliation
Payment transactions are automatically reconciled against the debit notification and cash positions updated in the treasury management solution.
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Bank account statement
capture and routing
The payment factory captures the bank statements and routes them to the ERP and treasury management solution
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