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Optimising Payments through a Payments-on-behalf of Model

UCB are committed to achieving the highest level of efficiency and control in its treasury activities, which included a centralised, harmonised approach to payments processing.

They therefore made the decision to set up an innovative payment factory solution together with a streamlined banking structure that allows payments to be made on behalf of group companies.

Key Points

  • Centralising the payments process
  • Harmonising the payments processes
  • Payments on behalf of (POBO)
  • Payment factory infrastructure
  • Payment factory in practice
  • Reduced transactional, banking and infrastructure costs
  • Looking ahead

 

Written by

Gaetan Dumont
Senior Director, Group Treasury Operations
UCB

Financial Technology Series (49 articles)

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