Case Study: ON Semiconductor achieves improved liquidity control and reduced FX and payment costs with GTreasury

ON Semiconductor - Customer Case Study

ON Semiconductor, a global semiconductor supplier with manufacturing in nine countries and $3.5B revenue (2015), faced a complex, high-volume vendor payments challenge: roughly 20,000 invoices processed across two netting cycles each month that translated into about 800 payments, multiple payment rails (ACH, wire, SEPA, SWIFT), and the need to control FX exposure, liquidity and reconciliation from its Oracle ERP. To address this, ON Semiconductor engaged GTreasury to streamline and standardize payments using the Coprocess platform referenced in their workflow.

GTreasury’s Coprocess-based solution extracts supplier and invoice data from Oracle, imports pre‑negotiated FX rates, builds and transmits XML payment files to the bank via sFTP, and ingests bank EDI/confirmation reports to reconcile payments back to the ERP. The implementation delivered tighter liquidity control (including the ability to delay payments at quarter end), lower FX and payment costs by netting and using low‑value ACH where possible, and automated reconciliation — enabling ON Semiconductor to manage global disbursements at scale more efficiently.

ON Semiconductor