Medtronic, one of the world’s largest medical device companies with operations in 150 countries and nearly 1,000 bank accounts, faced fragmented and error-prone AP payment processes, especially after major acquisitions. Challenges included failed transactions, limited visibility, and slow onboarding of new entities. To address this, Medtronic implemented TIS as a global payments hub integrated with SAP and its treasury systems. Starting with U.S. and LATAM banks, then expanding to EMEA and APAC, the rollout centralized payment execution, standardized formats, and streamlined bank connectivity. The project cut IT workload by over 50%, provided 24-hour faster payment visibility, improved compliance, and positioned TIS as the single source of truth for 95% of global treasury and AP payments.

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