Efficiency is about more than saving effort. As a finance leader in a technology firm, what extra benefits can you expect from running highly efficient finance systems?
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Trend sheet
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Streamline your back office with FIS®. By turbocharging the efficiency of your finance function, we will empower you to keep driving innovation and growth.
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Economic uncertainty and market volatility have raised the stakes for the finance team. But data fragmented across multiple systems and disparate workflows makes it harder to manage cash and risk effectively.
A single treasury solution will bring together data on cash flow and exposures from all your corporate systems, accelerate complex processes and present results clearly and consistently. Now you can make better, faster decisions about the liquidity, interest rate, FX and other risks you face.
1. streamlined processes
Reduce complexity
With so many banking partners, payment providers and internal systems to transact or exchange data with, connectivity can be a complex, costly challenge for finance and IT.
A secure managed cloud-based solution and bank communications channel will help you connect to banks with less cost and risk by taking care of all the administrative and compliance requirements. With the latest API technology, you can also connect your treasury management and payment hub solutions directly to ERP systems.
2. simpler connectivity
Support innovation
It’s never been more important to reduce overhead. And the more finance processes you can integrate or outsource, from treasury and disbursements to accounts payable and receivable, the more money you’ll free up for your firm’s innovation budget.
Now you can replace multiple costly, separate applications such as for cash management and hedging. Plus, you can introduce capabilities like in-house banking, hedge automation and trade consolidation, to reduce your number of bank relationships.
3. more funds for innovation
Strengthen relationships
Accelerate payments
Whether your firm facilitates payments by customers or makes payments to vendors, do you have the infrastructure to support fast, low-cost transactions globally?
If you’re expanding overseas, sending international payments via traditional banks can take days, with recipients often receiving less than expected. For the best customer experience, advanced payment solutions deliver same- or next-day payments to accounts or cards in any currency, with FX rates agreed upfront and no hidden charges.
4. Happier customers
Every day, high volumes of payments flow in and out of your technology business, exposing finance operations to security risks. A payment hub solution will protect you with robust controls for fraud and cybercrime prevention.
Standardized processes and greater automation will also help reduce errors and comply with security, audit and regulatory reporting requirements. For total data integrity, you could even automate all your reconciliation processes centrally with a single AI-powered system.
5. greater control
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FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, absolute performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is a member of Standard & Poor’s 500® Index.
About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
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An inefficient back office can overload your accounting teams with mundane or duplicated tasks, taking them away from business priorities like managing cash flow, and reducing processing costs.
With integrated web-based solutions for accounts payable and receivable, you can speed up payment cycles to keep costs down, lower risk and win back time for staff to add value elsewhere. Additionally, payables automation can create a new revenue stream by earning rebates on virtual card payments.
6. added value
Save time
Increase visibility
Improve integration
Lower costs
Ensure accuracy
Reduce risk
Generate revenue
Redeploy resources
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benefits of super-efficient finance systems
1. Commerce Bank, The Hidden and Overt Costs of Paper Checks for B2B Payments
