JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE: FIS), a global leader in financial services technology, today announced that Caterpillar Inc. has expanded its relationship with FIS by selecting it to provide additional corporate liquidity solutions, including treasury, credit and collections, and electronic bank account management (eBam), which complement the corporate liquidity payment factory solution FIS already provides. All of these solutions will be hosted in FIS’ secure private cloud environment.
“Corporate treasury and finance professionals are facing increased complexity in managing cash flows and risk in today’s ever-changing regulatory environment,” said Andrew Bateman, head of corporate liquidity and bank treasury solutions at FIS. “Implementing advanced, cloud-based technology solutions can help them standardize and streamline the management of their treasury, payments, and credit and collections operations, giving them greater efficiency and controls in their operations.”
FIS’ corporate liquidity solution suite helps corporations and organizations gain visibility and control around cash and risk for improved liquidity management. The solution suite includes treasury and risk management, credit and collections management, payment factory, electronic bank account management solutions and more. The solutions help consolidate data from multiple in-house systems, drive workflow and provide connectivity to enterprise resource planning (ERP) and a broad range of trading partners, including banks, SWIFT, credit data providers, foreign exchange platforms, short-term cash management portals and market data. The technology is supported by a full range of services delivered by domain experts, treasury operations management, SWIFT administration and managed bank connectivity.
FIS corporate liquidity solutions can be installed on-site or in a cloud environment. By hosting solutions in the cloud, corporations can reduce their total cost of ownership by helping decrease IT and application administration costs. The managed service model simplifies delivery and provides accountability with a single point of contact for all IT support and application management requirements.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com. Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).