A top flavored carbonated soft drink (CSD) company in the Americas, this firm’s manufacturing and distribution centers employ nearly 20,000 employees across North America. In addition, the brand, which is primarily focused on the carbonated mineral water, flavored CSD, bottled water and vegetable juice categories, operates hundreds of third-party bottlers and distributors.
The company’s goal was to optimize liquidity in order to obtain greater visibility and control over its cash. It needed an integrated banking solution that allowed it to centralize payments and reconciliation processes at the headquarter level via host-to-host.
J.P. Morgan developed a comprehensive cash management solution through J.P. Morgan Host-to-Host. This offers a wide range of automated payment and reporting services using the latest industry-standard file format. In this case, file format GFF was used. This provided the company with a single point of access to effectively manage its local payments online with a secure connection to J.P. Morgan’s processing platforms in Mexico.
The liquidity proposal considered a cash concentration and an Intercompany Report module to manage the treasury flows and active passive rates between the eight local interest-bearing accounts (IBAs) with preferential overnight rates. To maximize the impact of this liquidity model, the total balances that the client manages in all its subsidiaries in Mexico were considered.
The structure enabled the group to:
The success of the relationship with the concerned group lies in our understanding of their objectives, working closely together to deliver innovative solutions that add value to their cash management operation.
J.P. Morgan leveraged its regional capabilities, offering a comprehensive liquidity and payment solution in order to generate efficiencies in the client’s corporate treasury area by standardizing its operations in Mexico.
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This webpage is confidential and proprietary to J.P. Morgan and is not intended to be legally binding. J.P. Morgan makes no representations as to the legal, regulatory, tax or accounting implications of the matters referred to in this presentation. The products and services described in this webpage are ordered by Banco J.P.Morgan, S.A., Institución de Banca Múltiple, J.P.Morgan Grupo Financiero and/or its affiliates, subject to applicable laws, regulations and service terms.
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