Payment Factory – a worthwhile disruption? The Autoneum Case.

Company: Autoneum Holding AG
Industry: automotive industry supplier
Headquarters: Winterthur, Switzerland
Employees: 11423
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What does payment factory mean? To Autoneum it means the centralization of payment flows for treasury and AP payments and a process involving the transmission from legal entities ERP to a central connectivity solution. Moreover, it means centralizing execution of file transfers in a way that is effective and low cost and enabling transfers via one central bank connection or interface to the appropriate bank relation and account.