LyondellBasell streamlines global banking and controls inbound and outbound payments
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After a merger of Lyondell with Bassel European Group, the company wanted to increase its ability to manage customer credit and apply cash for inbound payments quickly. The company implemented an in-house bank and a global payment factory to centralize control over outbound payments, increase compliance, reduce fraud, and lower banking and payment fees. Learn how the company leveraged SAP IHC and third-party add on solutions to:
- Centralize banking
- Automate inbound and outbound payments
- Increase efficiency of global cash flow
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