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Case Study

Celesio AG: Seamless SWIFT Connectivity

Broadridge’s SWIFT Outsourcing Service assists Celesio AG in achieving straight-through, highly efficient and more secure treasury processes.

Celesio is a leading international trading, logistics and service company in the pharmaceutical and health care sector that ensures optimum care and support for patients in a proactive and preventive manner. The group operates in 27 countries, employs a staff of approx. 47,000 and generated revenue of more than €23bn in 2011.

Celesio recorded continuous growth over the past 20 years, not least due to acquisitions made abroad. The new subsidiaries did not only bring into the group their own banking connections but also their own ERP and payment systems. It was in this way that, in the course of time, very heterogeneous payment systems evolved that had to handle more than 10 million direct debits and credit transfers per year.