Singapore – Standard Chartered has tapped the SAP Multi-Bank Connectivity solution and joined as a member bank, aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new banking services in real time. Over the last decade, corporates have demanded more […]
The European Association of Corporate Treasurers (EACT) has announced the appointment of François Masquelier as its new Chair as from October 1st. François Masquelier is the Chair of the Luxembourg Association of Treasurers, one of the founding members of EACT, and was up to now Deputy Chair of EACT. Jan-Martin Nufer, Founding Board Member of […]
San Francisco – Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching. “Integrated Receivables allows our clients to spend less time working on piecing […]
Spotify’s Senior Treasurer, Niklas Muhrbeck, alongside two experts from J.P. Morgan Asset Management, Jemma Clee and Amir Mota, provides an overview of step-out strategies for corporate investors, and advice on how treasurers can incorporate them into their cash investment policies. Furthermore, our guests examine the importance of evolution when it comes to investment frameworks and […]
A more holistic, ecosystem view of trade is emerging – with supply chain finance and traditional trade finance coming closer together than ever before. As a result, trade finance will become more specialised and ‘integrative’. There will be a shift from the product view of financing and risk mitigation, to a solution view of this […]
What exactly is the Emerging Payments Association (EPA)? What is its aim and who are its members? The EPA is a commercial membership association that brings together over 150 influencers from across the payments industry – and it is growing all the time. The EPA aims to make the UK a global hotspot for payments […]
The outbreak of Covid-19 has resulted in the closure of many sectors of the economy. Governments around the world have had to act fast to support companies and employees through various schemes to attempt to avoid the immediate collapse of many businesses. While it is unclear at this point whether the global economy will suffer […]
The end of LIBOR in December 2021 will affect corporations in unexpected ways. Understanding and planning for the transition to new risk-free rates (RFRs) now can minimise the financial impacts and disruption. With the USD LIBOR gross notional estimated at $200tr., corporations must remain attentive to key issues and current global progress to effectively plan […]
Digital commerce has resulted in companies ‘going global’ much earlier in their life cycles. Businesses of all sizes are seeking ways to automate and digitise processing across their worldwide subsidiaries to gain a competitive edge. According to a recent survey by Globalization Partners, 25% of executives are concerned about working capital efficiency when expanding […]
Despite the widespread adoption of artificial intelligence (AI), robotic process automation (RPA) and machine learning (ML) within the finance sector, one area yet to take advantage of these technologies is credit management. While these technologies have been shown to offer a range of benefits including boosting productivity and allowing for valuable insights to be gained […]
Business intelligence (BI) tools are part of the furniture in many organisations, especially when it comes to sharing and visualising data. While BI tools serve many lines of business well and have their obvious merits, they often don’t hit the mark in finance. Finance teams’ reporting needs are too specialised for modern BI tools, so […]
These are interesting times for trade. Companies looking to provide high-quality products, assembled at the best possible value, have reaped the benefits of globalisation over the past few decades. And while this has profoundly impacted business for the better, it also leaves these enterprises exposed to major geopolitical or macroeconomic events. As uncertainty became more […]
The news that more than 1,000 banks, asset managers, payments firms and insurers from the European Union (EU) are planning to set up in the UK post-Brexit is a positive sign, especially for those in the treasury sector. The concentration of financial institutions will result in increased investment, collaboration and competition, leading to an even […]
European countries are overhauling their tax systems. Following examples in certain Latin American nations, European Union (EU) member states are moving towards digitised tax controls, with electronic invoicing, real-time reporting and online tax returns becoming increasingly commonplace. In 2019, for instance, Italy introduced a scheme to reduce the high levels of VAT evasion by requiring […]
 For years, governments have looked at innovative ways to manage the gaps that exist in their tax systems. Go back to the 13th century, when King John introduced an export tax on wool in 1203, from England to neighbouring countries Scotland and Wales, or the taxes on wine imports implemented by his successor, King […]
 Part of our Treasury Snapshot series: a collection of quickfire interviews with corporate treasurers. In this Treasury Snapshot, Royston Da Costa, Assistant Group Treasurer at Ferguson, gives TMI the inside track on some of his latest projects, including the successful roll-out of a cloud-based TMS. He also outlines the immediate challenges his team faces […]
You could be forgiven for thinking that The Fourth Industrial Revolution, or Industry 4.0, is a pure manufacturing play – and has nothing to do with treasury. After all, the First Industrial Revolution involved the use of water and steam power to mechanise production. The Second leveraged electric power to create mass production. And […]
It was only a few short months ago when treasury professionals and the rest of the world were expecting three or four additional Fed rate increases in 2019. What a difference a new year makes. Since then, the suddenly dovish Fed has changed its stance with a markedly more conservative tone towards potential interest rate […]
Part of our Treasury Snapshot series: a collection of quickfire interviews with corporate treasurers. What is top of your treasury to-do list right now and why? Preparation for Brexit takes priority at the moment. We already have a Dutch branch, but as our merchant book splits into EU and UK, we need to have […]
Part of our Treasury Snapshot series: a collection of quickfire interviews with corporate treasurers. What is top of your treasury to-do list right now and why? Mainly two things: Timely and accurately capture FX exposure in every remote part of the business into a digital platform where routing rule sets allow us to hedge […]
Adoption of lease accounting standards such as IFRS 16 is less than a year away, with regulations effective as of January 2019. Treasurers should be aware and involved with their organisation’s lease accounting project planning. If treasury doesn’t start now, it will be a serious problem as lease accounting experts are finding that uncovering the […]
 Part of our Treasury Snapshot series: a collection of quickfire interviews with corporate treasurers.  What is top of your treasury to-do list right now and why? Over the last several years, Hilton has undergone several transformational steps including an Initial Public Offering and the spin-offs of Hilton Grand Vacations and Park Hotels & […]
Part of our Treasury Snapshot series: a collection of quickfire interviews with corporate treasurers. What is top of your treasury to-do list right now and why? Reviewing and enhancing our credit risk management policies and processes, especially since post-merger we are consolidating banking partners. The trade-off between operational efficiency and credit risk when consolidating business […]