Risk Management
Published  6 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

Taking on International Supply Chain FX Risks

Treasury and Accounts Payable process changes can have significant impact

by David Kretz, Cross-Currency Payments Executive, Bank of America Merrill Lynch

As the US economy continues to strengthen, many treasury teams are wisely reviewing established payment practices to allow them to take full advantage of new growth opportunities.

A US company that has taken the time to explore and implement finance and treasury processes that work best with international suppliers and customers will have greater opportunities to maximise rewards and gain a competitive advantage.

For example, a well-considered review of your Enterprise Resource Planning (ERP) system can help you streamline and automate both supplier and intra-company international payments. A fresh look at your supplier master file or payee configurations can also help determine if you’re paying in the best currency with the right payment instrument.

AccountingCash Flow ForecastingCash ManagementCorporate Banking

Related Articles

Risk Management
Don’t Leave the Door Open for Cyber Fraud

We highlight the impact of ransom fraud in unplanned cash outflow, and provide steps to mitigate.

Risk Management
From ESG Data to Decisions and Disclosures

Experts from FIS and PwC discuss the latest compliance issues and how their firm’s respective work helps firms model and assess their risk.

Risk Management
Exposure Meter

Is volatility in commodity pricing simply accepted, or can treasury leverage its understanding of mitigation processes and financial tools to add value?

Risk Management
Risky Business

Outlook on Corporate Credit Quality Following a year of economic growth concerns, sticky core inflation, increasing interest rates, and a rash of bank failures, treasurers have been acting as corporate risk...

Risk Management
How to Write a Robust Treasury Policy and Limit Unwanted Outcomes

Treasury policy is the executive mandate to the treasurer, as custodian of financial risk. This in-depth yet accessible guide explains how to get it right.

Risk Management
Stronger Together

Nicolas Trimbour BNP Paribas) and Laurent Sarrat (Sis ID) highlight the greatest cyber and fraud threats confronting organisations today, together with best practices to avoid being compromised.

Risk Management
Mission Intelligence

Two industry experts offer an in-depth examination of AIs potential uses for risk management.

Risk Management
Don’t Forget to Breathe!

Natasha Condon and Martijn Stoker explain how corporate treasury teams can manage ongoing uncertainty in 2023.

©2024 P4Publishing Limited All rights reserved. Registered in England & Wales No. 5838515