Coca-Cola Streamlines Bank Account Management Worldwide

Using Weiland BAweb™ from Fiserv, The Coca Cola® Company's treasury services department automated management of hundreds of bank accounts across the globe, saving time, enhancing control and reducing risk.


Coca-Cola implemented Weiland BAweb to automate the management of bank accounts, legal entities and signatory details through one consolidated, relational database. The solution allowed the company to move away from manual, spreadsheet-based bank account management that was tedious, time-consuming and exposed the company to excessive fraud and compliance risk. Key benefits of Weiland BAweb:

  • Immediate access to information about banks, accounts and signer relationships
  • Improved control through business process management
  • Auditable record of all account openings and closings
  • Reduced fraud risk, enhanced security and improved compliance

     

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