LyondellBasell streamlines global banking and controls inbound and outbound payments

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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MEET THE EXPERTS

Enrico Dispenza LyondellBasell
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Enrico Dispenza is an experienced Finance professional, IIA UK Certified Internal Auditor, and Six Sigma certified black belt with broad and deep knowledge of shared services, business processes, and project management. He has more than 35 years of work experience in business and support functions with worldwide assignments well beyond the Finance boundaries, mainly in LyondellBasell Group and predecessor companies (Himont, Montell, Basell), covering a number of managerial positions in Finance, Corporate and Business Support based in Italy, Belgium, and the Netherlands. Enrico is currently based in Rotterdam covering the role of Global Process Owner for Order to Cash.