Poor visibility is one of corporate treasury's greatest challenges and a major obstacle to more efficient liquidity management. It also consumes precious treasury resources that could be devoted to more valuable strategic activities. HSBC's new Liquidity Management Portal (LMP) has been developed with the specific aim of resolving these issues and maximising liquidity visibility by streamlining the underlying data management. Nick Powell, Global Head of Commercialisation, Liquidity and Investment Products and Ray Suvrodeep, Global Head of Deposit and Investments Product Management, Global Liquidity and Cash Management at HSBC explain how LMP can transform liquidity management for the better, both immediately and in the future, as well as supporting treasury's strategic participation.
Data, data, data
Liquidity is only manageable if it is visible. Even if that visibility is achievable, for many treasuries it remains a resource hungry process. Traversing multiple bank platforms to download data, emailing subsidiaries for spreadsheets of cash positions, then aggregating and normalising all the resulting information, before trying to analyse, forecast, decide and act.