Real-time technologies are not intended as stand-alone tools, they require an ecosystem of complementary processes and systems to really reap their benefits. TMI seeks best practice guidance from Bank of America experts, Aziz Parvez, Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Sunil Bhatia, Head of Payments and Bank Transformation, Asia Pacific, Global Transaction Services, and Param Thind, Head of Digital Channels and Transformation, Asia Pacific, Global Transaction Services.
Think real-time treasury and it should evoke visions of a set of wide-reaching technologies and processes combining to deliver far more than the sum of its parts. However, sometimes discussions focus on one particular aspect, usually payments, missing the way in which real-time tools come alive as part of an ecosystem capable of adding value to the whole business.

Aziz Parvez
Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Bank of America
From an APAC treasury perspective, real-time delivers improved working capital and cash flow management, explains Parvez. Corporates working with multiple SME distributors in an analogue world often have to manage cheque payments, with settlements taking up the three days. The delay in booking the cash can enforce avoidable counterparty limits on SME spend.
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