Achieving business continuity for treasury operations

Company: AES Corporation
Industry: Energy
Headquarters: Arlington, VA
Employees: 18,000+ employees globally
Solutions: [ARS] [EFT]
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AES Corporation was working with banks in 45+ countries that had 750+ accounts reporting electronically. The company needed a solution that would quickly and reliably standardize formats and enable automated bank statement delivery to its central treasury system. AES wanted to split the banking portfolio into two pieces: one provider acting as a service bureau for bank connectivity, and a separate ERP provider, to have more flexibility for future growth.

Working with Fides allowed AES Corporation to aggregate, validate, and standardize disparate transaction data formats and communications, and deliver all the data to their TMS.