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Cash & Liquidity Management
Published  5 MIN READ

Finding a Cure for Cash

By adopting an innovative physical cash pooling solution Aspen Pharmacare, in partnership with BNP Paribas, has unleashed a host of improvements – from interest cost savings to simplifying the reconciliations process. Here’s how the teams achieved this joint project, which is a first of its kind in South Africa.

Cash remains king, and as with every monarch, it demands the closest attention when challenges are afoot. For Durban-headquartered Aspen Pharmacare (Aspen), the largest drug company in Africa, cash management duties stem from sales of medicines in 150 countries.