A Pioneering Approach to Optimising Collections by Guillaume Flies, Head of Collections, BNP Paribas Cash Management Many treasurers have taken great strides in optimising working capital and streamlining financial processes, but centralising collections, which arguably brings the greatest advantages, has proved the most challenging. As the timing of incoming payments, and the payment method used by customers, […]
The Role of COBO as Part of a Centralisation Strategy by Guillaume Flies, Head of Collections, BNP Paribas By delegating the power to collect incoming customer payments to a single entity through a single bank account for each currency, ‘collections on behalf of’ (COBO) potentially offers considerable value to corporates aiming to centralise their collections. […]
How Virtual Accounts Respond to Your New Collection Challenges by Guillaume Flies, Global Product Manager Virtual Accounts, BNP Paribas Cash Management SEPA contributed a major step towards the harmonisation and the standardisation of formats, so corporates should be in a position to significantly improve their collections through greater automation and accelerate the centralisation of their cash. But some […]
