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Cutting Through Complexity

SWIFT for Corporates helps you manage risk and address working capital and liquidity challenges

by Elie Lasker, Head of Corporate Market, SWIFT

Advances in technology offer more opportunities than ever for companies with the requisite vision, creativity and leadership. Increasing globalisation means increasingly complex demands across all levels of business – and treasuries and finance departments are no exception. Treasurers and finance managers must address this complexity on many levels – from mitigating liquidity and foreign currency risk and securing global supply chain financing to managing a host of banking relationships with financial institutions around the world. At the same time, they must maintain their focus on key business challenges while contributing to overall efforts to increase efficiency and reduce operational risk and cost.

Banks that are 'SWIFT-ready' are listed on the SWIFT for Corporates website, as is detailed information on the offering provided by each certified bank.

Maintaining visibility across a complex array of relationships, data streams and systems is a top priority – and one where SWIFT is putting its extensive experience, collaborative approach and broad array of systems, services and solutions to work. Close to 900 individual corporate groups – representing more than 20,000 separate legal entities – now use SWIFT as a single, secured, standardised platform to communicate with their financial service providers. SWIFT is helping these valued customers to better address working capital and liquidity challenges, as well as manage risk, including currency and counterparty risk.

Almost by definition, corporates that connect to banks via SWIFT receive more accurate and timely information on their cash positions. Other benefits of using SWIFT in your corporate treasury activities include increased reliability, improved security, and higher levels of automation and straight-through processing (STP).