Saturday, June 15, 2024

Amadeus Powers Travel while Accuity Powers its Payments

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.”

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