Over the past few years the strategic importance of the treasury function has been enhanced as financial institutions have been required to respond to the rapid pace of disruptive technological change. A failure to embrace these increasingly advanced technologies will result in treasuries falling behind the organisational development curve.
TUHF Limited has contributed significantly to the regeneration of neighbourhoods in urban decline. However, as a non-banking financial services organisation that relies on borrowing capital to on-lend, not having sufficient debt to fund the business is the company’s biggest challenge.
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.