Global Processing Services Improves Global Visibility

Global Payments Processor Powers the Fintech Revolution

Global Processing Services (GPS) is the trusted and proven go-to payments processing partner for today’s leading challenger brands. Founded in 2007, GPS’s highly flexible and configurable platform places the control firmly in the hands of global fintechs, digital banks and e-wallets, enabling them to deliver rich functionality to the cardholder. GPS is certified by Mastercard and Visa to process and manage any credit, debit or prepaid card transaction globally.

Company

Global Processing Services

Location

London, United Kingdom

Industry

Financial Services

EMPLOYEES

150+

SYSTEMS REPLACED

Sage, Excel

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
SuiteSuccess Financials First

“We needed to deliver high quality information to our shareholders and executive team while growing the business quickly and internationally but with a lean finance team. Choosing NetSuite and implementing it so quickly gave GPS, along with the SuiteApp tools, the ability to provide meaningful information quickly to the Board and our auditors.” Robert Tearle, Former Interim CFO, Global Processing Services

Enabling Financial Innovators

A global footprint: Founded in 2007 and predominantly focused on providing and enabling prepaid debit cards, GPS expanded to connect to over 40 issuing banks globally and now operates programs for more than 150+ clients in 60 countries, using over 150 currencies. Challenger banks such as Revolut and Starling Bank use the GPS platform, fuelling its 48.9% YoY client base growth.

Playing month-end catch-up: In 2018, an investment from private equity firm Dunedin LLP to support global expansion required GPS to provide greater real-time financial reporting. An existing Sage system and Excel processes restricted global visibility and reporting, resulting in delayed month-end close and the finance function constantly playing catch-up.

API links make the difference: GPS needed a new solution that could consolidate subsidiaries around the world and link to other financial ecosystem apps. It selected NetSuite OneWorld over Sage and Microsoft Dynamics Navision. GPS went live in less than 63 days and instantly saw benefits with improved global visibility into revenue performance, cash flow and fixed assets.

A growing customer base: Investment enabled GPS to propel into new markets, establishing offices in Australia and its APAC HQ in Singapore. The company is using Salesforce for CRM and plans to integrate it with NetSuite as part of a wider strategy to grow its customer base and enable the rapid deployment of its solutions worldwide.

チャット