# PAGA Case: Santander

Santander Cash Nexus – global tool for centralization of treasury


### PAGA Case: Santander

Santander Cash Nexus – global tool for centralization of treasury


## Description

Santander Cash Nexus provides a single access point to Santander´s local services (local payment methods, cross border payments* and real time, daily and intraday information on account balances and movements) through a variety of global standard connectivity channels (H2H, SWIFT, Ebics) or global online banking. The solution is suitable for multinational companies within different segments that bank with Santander across various geographies. Its principal advantage is the connectivity; however, it can help clients to manage their international operations on a central level (control from the HQ, authorizations, etc). The solution is cost-effective in terms of reporting consolidation, it leverages the control issues that many multinational HQs face, and it is compatible with any global ERP/TMS. It allows to concentrate around 93% of all treasury operation in a single solution and to process local and international payments using a single, global standard format (without a need to develop local formats in each geography). *Complete solution available for accounts in SAN AR, BR, CL, PE, CO, MX, ES, PT; partially for USA and PL (only through direct channels, no online banking). However, cross border payments can be sent only from Santander accounts in MX, PE, UY, ES, PT, PL, USA (same currency and different currencies with real time FX) and CL (same currency, EUR or USD, no FX).


### Territory

Client 1: companies from Argentina and Uruguay connected to Nexus through H2H. Centralized payment authorization through Global online banking. Client processes payroll and supplier transfers through the global tool. Client 2: 4 Chilean entities connected to Nexus through H2H for central management of reporting, payroll, domestic and international supplier payments. Access from Germany.


### Participants

Santander: Global Sales, Global implementation team (through SBGM), local commercial and implementation teams ERP IT/development team; clients' IT team Clients: Uruguay-based multinational, construction sector (thermal insulation, doors, packaging). Presence in AR, CL, BR, PY. Germany-based multinational corporate with activity in different sectors; technology for food processing, food & beverage, heating & refrigeration, healthcare, chemical, oil & gas. Presence in 150 countries.


### Year of introduction

Client 1: 2022Client 2: 2023


### Impact

Client 1 issues around 12 monthly international transfers through Nexus from their Santander account in Uruguay. Client 2 issues around 90 cross border payments from their accounts in Chile to their international suppliers and to the HQ in Germany.


## Public materials

Cash Management | Santander Corporate & Investment BankingCash NexusCash Management Solutions - Banco Santander


## Submitter

Juan Jiménez ZaballosGlobal Head of Digital & Retail Public Policy, SantanderStella GornyGlobal Cash Management Multinationals Manager, Santander

DisclaimerThe information and examples presented herein are provided for informational purposes only and do not represent the official position or views of the World Economic Forum or the IDB Lab. The World Economic Forum and the IDB Lab do not endorse, recommend, or advocate for the implementation of any specific practices, policies, or approaches described. Rather, this content simply showcases examples and perspectives shared by members of our PAGA Community.