alterna Technologies Group Inc., the premier global provider of Internet-based liquidity, cash and treasury management solutions, announced that Ericsson, the world’s leading supplier in telecommunications, has chosen alterna to deliver its worldwide in-house bank and payment factory solution. Ericsson will use alterna’s Auros In-House Bank and Payment Factory to further develop its global cash management processes. These include single point to consolidate cash flow, providing connectivity within Ericsson with one point of contact for the Group with its banking partners. Auros will also structure the payment business model and workflow, and allow integration with business units across Ericsson’s global operations to use internal cash management services.
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