Setting up a payment factory is a journey

VIDEO | A higher security and automation level was a core purpose, as Swedish 44-billion-SEK recycling group Stena Metall decided to go for a payment factory solution, a couple of years ago. On stage at Copenhagen Airport on Thursday, treasurer Caroline Jandler described the implementation in detail – from idea, through vetting, to observing the outcome.

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A higher security and automation level was a core purpose, as Swedish 44-billion-SEK recycling group Stena Metall decided to go for a payment factory solution, a couple of years ago. On stage at Copenhagen Airport on Thursday, Head of Treasury Caroline Jandler described the implementation in detail – from idea, through vetting, to observing the outcome.

A pre-study was initiated in autumn 2020. A requirement specification (RFP) was sent to several vendors, lining out the platform for a secure and efficient payment process, with a possibility for file conversion. Users from across Stena Metall were involved with demonstrations, giving feedback that helped guide the selection.

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Hindsight wisdom include hard-earned learning that upcoming major IT changes will be good to have forecast. Stena Metall changed its integration platform in 2021, adding difficulties. Also, a decentralized organisation, with many different ERP system, raised a challange that turned out much bigger than anticipated. Much was to be desired in terms of the banks’ test environments. Even so, Caroline Jandler views the outcome as successful in relation to its purpose. And a positive side effect has been the development of a closer relation between the central finance professionals and those of the group’s departments.


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