Client
Sandvik
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:
0+
operating entities globally
0K+
employees
0
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.
THE SANDVIK TEAM HAS SEEN SIGNIFICANT, MEASURABLE RESULTS
Payments and treasury systems are now integrated and fully managed in-house, saving costs and optimizing efficiency.
Learn moreClose
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.
0
COUNTRIES
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.
Close
Close