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Treasury Trends and Technology

by Liba Saiovici, Director, Latin America Product Management, Marcelo Moussalli, Managing Director, Latin America Corporate Sales Executive and Luiz Carlos Couto, Managing Director, Latin America Financial Institutions Sales Executive at Bank of America Merrill Lynch

Centralisation, efficiency and convenience are among the top priorities for treasurers in Latin America today. The region’s treasury professionals are aiming to streamline their operations, and in order to do so, they are increasingly turning to the most technologically advanced solutions available. In this article we review some of the most important products and solutions for treasurers in Latin America today and moving into the future.

Centralisation and efficiency

As companies centralise their treasury operations and look for greater efficiencies, we are seeing growing demand from corporate treasurers for a single point of contact when dealing with their banking providers – not only within the Latin America region, but also globally. In order to achieve this, many treasurers are looking for a global platform which will enable them to undertake their cash management, trade and investment activities in a standardised and consolidated way.

Companies are also looking for banking providers which can offer multi-currency capability. Whether a company is making domestic local currency payments, or euro or dollar payments to overseas beneficiaries, the expectation is that a bank should be able to handle the company’s global needs in any currency, including cross-country and cross-region liquidity structures as permitted by local regulation in the countries in which accounts reside.

Centralisation is a priority for many companies and treasurers in Latin America are increasingly focusing their attention on the opportunities offered by shared service centres. As companies look to centralise and become more efficient, the shared service centre plays an important role in delivering these objectives.