Goldman Sachs Transaction Banking is building a modern, digital-first, and cloud-based business to help clients build the future of their treasury. The digital solutions include liquidity management and payments with real-time data and analytics. The business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up.
SAP Ariba has partnered with Goldman Sachs to provide cross-border payment solutions to our customers on Ariba Network. Goldman Sachs’ tech-forward and secure cross-border global payments capabilities will make it simpler and less costly for buyers to pay foreign suppliers in local currencies.
Benefits for buyers and suppliers
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Streamlined process for paying foreign suppliers in local currencies at lower cost with competitive foreign exchange rates
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Improved operational efficiency through easier reconciliation of payments to corresponding invoices
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Real-time payment tracking, reducing payment-related supplier inquiries
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Cost transparency on bank fees
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Optimized payment routing offered by Goldman Sachs’ advanced machine-learning techniques
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Reduced risk as a result of improved visibility and control over foreign exchange payments and currency exposures for stakeholders in procurement and treasury
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Improved buyer-supplier relations with transactions conducted in each party’s preferred currency with minimal change management required
Watch our two-minute video to learn more.
Partnership type: Financial Ecosystem Partner
Regions served: Available to customers based in North America and Europe, Middle East, and Africa (EMEA), who can initiate the payments for suppliers anywhere in the world.
Industries served: All
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