Zuellig Pharma receives a very high volume of customer remittances at month end, which was causing accounts receivable (AR) reconciliation delays. Zuellig responded by implementing HSBC’s dynamic virtual accounts (VA) solution together with robotic process automation (RPA), which has enhanced throughput, customer satisfaction and the company’s working capital position.
In order to monitor how today’s corporate treasury functions are preparing to transform to Treasury 4.0, HSBC commissioned a survey answered by over 200 corporate treasurers from large-scale businesses around the world. The research delved into the extent of change treasury teams expect, as well as the technology, treasury techniques, and team talent they believe will be transformative in the near future.
The financial turbulence resulting from the Covid-19 pandemic has emphasised the importance of a good treasury management system (TMS). Michael Juen, Chief Customer Officer, BELLIN, explains why personalised TMS advisory services might be just as valuable as technical capabilities.