Creating accurate and timely payments helps strengthen relationships with vendors and suppliers around the globe
Amadeus, a leading travel provider for the travel industry, is working with Accuity, the leading global provider of risk and compliance, payments and know your customer solutions, to transform its cross-border payment process.
The travel technology firm implemented Bankers Almanac Global Payments File ERP, which provides accurate, reliable and up-to-date payments and routing information that integrates directly with its enterprise resource planning system, SAP S/4HANA. The solution provides an automated workflow to reduce the time spent by operators on manually inputting and validating payment information.
Javier Luque, Head of Financial Risk Management at Amadeus said, “This solution gives us confidence that the fast pace of our business will not be disrupted as we expand and work with new third parties. The coverage provided by Accuity payments data, which spans even the most far-reaching corners of the world, ensures that the global payments we make go through the first time, every time.”
The increased accuracy of payment information provided by the new system means Amadeus has also mitigated the risk of delayed or rejected payments – which can lead to negative consequences, such as incurring bank charges and breaching supplier SLAs.
Corporations, like Amadeus, need to set up payments correctly and provide critical data in order for their partner banks to execute payment instructions without delay. By improving payment processing rates, corporate treasurers can dramatically improve efficiency and cut costs.
Carlos Triñanes, EMEA Director at Accuity said, “To keep business flowing, Amadeus needs to transact seamlessly with third parties around the world. Accuity payments tools, which are trusted by banks and corporates alike, are helping to streamline and automate this payment process for Amadeus by removing the margin for error. This brings Amadeus great efficiency and the ability to scale its payment operations as the business grows.”
For more information, please contact:
Imogen Nash, Accuity
Tel: +44 (0)20 7911 1379
Francesca Bliss, Cognito
Tel: +44 (0)20 7426 9419
Notes to editors:
Travel powers progress. Amadeus powers travel. Amadeus’ solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways.
We have developed our technology in partnership with the travel industry for over 30 years. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. We help connect over 1.6 billion people a year to local travel providers in over 190 countries.
We are one company, with 16,000 employees across 70 offices. We have a global mindset and a local presence wherever our customers need us.
Our purpose is to shape the future of travel. We are passionate in our pursuit of better technology that makes better journeys.
Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange under AMS.MC.
To find out more about Amadeus, visit www.amadeus.com.
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimise payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organisational reputations.
Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.
About Accuity Global Payments File
Regardless of how many payments go through your systems every day, ensuring timely and accurate payments is critical for maintaining cost effectiveness and protecting your reputation with your suppliers. Accurate bank master data and standardised data governance processes are key to such success.
Bankers Almanac Global Payments File ERP provides accurate, reliable and up-to-date payments and routing information that integrates directly with all major enterprise resource planning vendor systems, including SAP and Oracle.