Trade Finance
Published  7 MIN READ
Please note: this article is over 24 years old. If you feel this article is inaccurate or contains errors get in touch here . Many thanks, TMI

Payables Strategies Drive Working Capital Improvements

by Bill Borden, Managing Director and Head of North America Product Solutions, Global Transaction Services, Bank of America Merrill Lynch

While economic conditions and credit availability are rebounding, companies continue to focus on boosting working capital by measuring performance and switching to more efficient payment tools.

During the depths of the financial crisis, corporate treasuries were tasked with increased strategic responsibilities and providing greater visibility within their organisation. Notably, economic and market uncertainty led corporate treasurers to generate a surplus of working capital by enhancing cash visibility and freeing up trapped cash resulting from inefficient internal processes.

Stronger markets, broader credit availability, record cash balances and the economic improvement in developed countries are giving corporate leaders the confidence to think longer-term.