Hi-tech partnership provides Metso with innovative connectivity to banks

“We decided to connect to our banks via SWIFT, but knew that implementing a SWIFT connectivity infrastructure was not going to be something we would be willing to invest in. So we decided to connect to SWIFT via Tieto's service", says Kenneth Westerberg, Corporate Cash Management, Metso,

Challenge

An improved and innovative bank connectivity solution was required.Metso wanted to implement a SWIFT connectivity, without investing in the infrastructure.

Solution - Tieto SWIFT Service Bureau

An advanced bank connectivity service that provides Metso with access to more than 8 500 banks around the world.Allows corporate customers to centralize their bank connectivity globally, enabling them to benefit from significant operational efficiencies and cost savings. Can be used for payments, securities, trade finance and other financial messaging – supports automated messaging and can be accessed using a standard internet browser. The service can be used for payments, securities, trade finance and other financial messaging.

Results

Greater flexibility, and extends the shared financial services concept to Europe.Helped in gaining increased visibility of daily cash flow.Lower costs, greater security and improved operational risk management.

About Metso - Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas.

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Hi-tech partnership provides Metso with innovative connectivity to banks

Challenge

Solution - Tieto SWIFT Service Bureau

Results