With the Covid-19 pandemic augmenting the focus on cash visibility, in-house banks are back in the spotlight. Thanks to cloud technology, support to establish in-house banking is more accessible than ever. This topic was recently the subject of a TMI webinar with Deutsche Bank, which included a case study from cloud-based software company Salesforce.
While in-house banking is not a new concept for treasurers, Covid-19 has sparked renewed interest in the topic. There is a continuous demand placed on treasurers to raise efficiencies, therefore in-house banking and, more broadly, treasury centralisation remains a key subject for corporates. Due to the pandemic, in-house banking has an increasingly relevant role in operational resilience, ensuring that treasurers have a full and centralised view of liquidity, as well as a heightened control over cash that is particularly important at a time when staff are working from home.
For US-headquartered cloud-based software company Salesforce, it’s own in-house bank (IHB) project sprung out of a wider organisational restructuring. Catherine Hill, Director of Treasury at Salesforce, says the business embarked on a company-wide project to move from a centralised reseller model to a multiple resellers in various countries as a result of changing regulatory landscape and company growth.
Catherine Hill
Director of Treasury, Salesforce
Sign up for free to read the full article
Register Login with LinkedInAlready have an account?
Login
Download our Free Treasury App for mobile and tablet to read articles – no log in required.
Download Version Download Version
