“We feel confident that Fides will be able to provide the centralized cash visibility and payment framework we need in order to scale our business.” — Blake Lovelace, Vice President and Treasurer, Helmerich & Payne, Inc.
September 08, 2022
Fides Treasury Services Ltd., the global leader in multibank connectivity, payments and communications, has announced that Helmerich & Payne, Inc. (NYSE: HP), an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies, has selected the Fides Multibanking Suite for end-to-end global multibank connectivity. Headquartered in Tulsa, Oklahoma, with operations throughout the world, H&P will use Fides for centralized cash management and liquidity reporting as well as payments.
For H&P, a critical part of the decision to use Fides was based on working with a proven, trusted provider with many successful global implementations and a reputation for excellent customer service and support.
“As we pursue further expansion of our global operations presence, it’s vital that we have standardized, repeatable processes in place,” said Blake Lovelace, Vice President and Treasurer at Helmerich & Payne, Inc. “The breadth and reach of Fides’ global banking network in combination with its longstanding reputation make the decision easy for us. We feel confident that Fides will be able to provide the centralized cash visibility and payment framework we need in order to scale our business.”
The Fides Multibanking Suite enables clients to connect to banks worldwide using the channels, formats, and processes that best meet their business needs. H&P will use Fides to move towards comprehensive, centralized cash visibility and implement a standardized, consistent payment process globally.
“We take pride in providing solutions that enable organizations to conduct their mission-critical business effectively and efficiently as they scale,” said Fides’ chief revenue officer Simon Kaufmann. “We are honored that H&P chose to work with Fides and look forward to helping to support their business growth.”
In the first half of 2022, Fides began a significant planned expansion into the Americas market starting with the January hire of Mark O’Toole as Head of Sales & Partnerships, North America. Fides’ best-in-class solution for bank connectivity, treasury aggregation and liquidity management is well-positioned to support companies of any size, in any location, as they continue to lean into digital transformation. Over the past six months, Fides has increased U.S.-based customer growth by more than 17% year over year, validating the strength of its offering for connectivity, cross-border payments and cash management.
Fides is the world leader in multibank connectivity, payments and transaction communications. A market leader for more than a century, Fides is committed to making financial operations as efficient, transparent and secure as possible for all organizations. More than 3,500 clients rely on Fides for efficient cash and liquidity management, through connectivity to more than 13,000 banks and comprehensive workflow, reporting, conversion, validation and security services. Whether you access via the secure Fides Multibanking Suite or leverage our seamless integration with third-party ERP, TMS and other backend systems, Fides is the only platform you need.
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ABOUT HELMERICH & PAYNE, INC.
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit http://www.hpinc.com
Dave Wilson, Vice President of Investor Relations
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