Santander launches One Trade Multinationals, its new treasury management platform to facilitate international management for companies

Spanish multinationals

Santander has presented its new One Trade Multinationals service in Spain, a treasury management platform aimed at companies with an international presence that offers them a unified vision of their subsidiaries around the world.

---

The platform is operated by PaymentNxt, the group's global payments platform, and can be accessed from Santander online banking without the need for additional passwords.

 

One Trade Multinationals allows centralized configuration of user attributions and authorizations, in a simple and personalized way. The parent company can access in real time the financial information and accounts of its subsidiaries in other banks of the group Santander in the United Kingdom, Poland, Portugal, Brazil and Mexico, as well as to the accounts of other banks in the rest of the world, which provides a global and complete vision of the company.

 

 

With this new service, Santander offers differential value to its clients with business in other geographies in which the group is present taking advantage of its global scale. Furthermore, it represents another milestone in the development of the regional strategy of One Santander in Europe, to provide a simpler and improved customer experience thanks to a common operating model.

 

 

The new platform offers clients with international subsidiaries a global view of all their accounts in one place and in real time to improve treasury and cash management in all their countries.

 

 

Some Santander customers have already tried One Trade Multinationals and recommend the new service, giving it a 9 out of 10. Among the comments, they highlight that "it makes our daily lives easier by allowing us to see..." all transactions on a single platform"We can see payments from suppliers in other countries in real time, which speeds up transactions" and "it helps us with audit procedures."

 

One Trade Multinationals is now available for customers of Santander Spain and will reach more geographies Santander like Chile and the United States in 2023 and 2024. It should be noted that Santander has been offering Cash Nexus, a product with similar characteristics for large companies, and now reinforces its commitment to the growth of Spanish SMEs, putting at their disposal the advantages of the best tools to accompany them in their growth.