Covid-19 and Beyond: Convergence of a Healthcare Ecosystem
Digital transformation coupled with the emergence of HealthTech start-ups continues to drive rapid developments in the healthcare industry. The opportunity is vast, with total healthcare spend within the Asian corridor estimated to exceed USD4 trillion by 2024.[1] As healthcare firms collaborate within their ecosystem, treasurers need solutions to help streamline treasury functions, and tools and […]
How to Ace Digital Treasury
Lessons from Consumer Goods and Retail Leaders Digitisation is prompting major changes across industries and companies, economies, and societies. Businesses must respond to new business models, disruption by new entrants, and the emergence of virtual infrastructures and new ecosystems. They also need to understand digital trends and the opportunities (and threats) they represent. For these […]
Turning the Supply Chain Tables
Dynamic Customer Finance CORPORATE RECOGNITION AWARDS Best Supply Chain Solution Everyone loves a bit of creative collaboration – especially when it helps support supply chains throughout a global pandemic. This is the story behind Borealis’ innovative idea to turn supplier finance on its head, with the support of C2FO. Together, the two companies have created […]
From Fraud Detection to Cash Flow Optimisation: Why Data Analytics is the Future for Treasurers
In an increasingly data-centric world, it’s only a matter of time before finance organisations fully rely on data-driven business operations. Unsurprisingly, this approach is part of a multi-year plan for two-thirds of finance professionals, according to findings from Onguard’s recent FinTech Barometer – but only 7% believe their own organisation is already data-driven. Despite the […]
Accounts Receivable: A Journey to the Future
In ten years’ time, companies will probably still be working towards faster processing and enhanced business intelligence through automation and artificial intelligence (AI). It will be the new normal to store data in a single digital repository so that accounts receivable (AR) teams have easy access to real-time, accurate data for matching payments, deduction handling, […]
Searching for a Benchmark for Idle Cash Holdings
Having money sitting in bank accounts is often the expensive result of a company’s inability to forecast its cash flows. It is time for treasurers to think again about this ‘unproductive asset’ and look for ways to measure – and improve – treasury’s performance in relation to idle cash. At the end of any commercial […]
Going Above and Beyond: Treasury Technology Pioneers
By Eleanor Hill, Editor There is a big difference between simply using technology and leveraging it to the fullest extent. FIS, a global leader in financial services technology, with a focus on treasury and risk management, payments and credit and collections, has been helping clients to maximise the value they achieve from technology, and taking […]
Modernising Credit-to-Cash with Artificial Intelligence
More than two-thirds of credit and collections professionals report that overdue Accounts Receivable (A/R) averages are greater than 10% of their portfolio, according to the FIS 2019 Credit and Collections Market Report: Modernising Credit-to-Cash with Artificial Intelligence that surveyed more than 100 credit and collections professionals. Of the respondents 78% report that over the past […]
Thriving in the 2020 Treasury Ecosystem
As we enter a new decade, treasurers must learn how to juggle their traditional responsibilities alongside the new reality of disrupted business models and game-changing technologies, says Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and Trade Solutions, Citi. Proactive engagement with treasury stakeholders – existing and new – will be paramount, […]
Making Treasury Extraordinary: ZEE’s Superstar Transformation
To support annual growth of more than 20%, Zee Entertainment Enterprises (ZEE) needed a treasury function that was automated, efficient, and future-proofed. Here, Rohit Kumar Gupta, CFO, ZEE and Rupa Balsekar, Managing Director & Head Transaction Banking, BNP Paribas India, explain how a bespoke end-to-end cash management solution provided by the bank has transformed ZEE’s […]
Room for Manoeuvre – Optimising Working Capital with Receivables Finance
With an eye on working capital efficiency, Meliá Hotels’ treasury team was looking to access faster and more flexible liquidity as a means of speeding up the cash conversion cycle. After careful consideration, treasury decided to implement a receivables finance programme with HSBC that would respond to the company’s current and future needs. Since then, […]
From Legacy to Revolutionary – Managing Credit and Collections in a Modern World
Credit and collections, or customer to cash management, is an integral part of every company’s drive to improve cash flow. It has only been relatively recently that corporations have truly invested time and resources into improving this main component of a flourishing organisation, however. The most successful companies are leading the way in modernising their […]
Taking Your TMS Beyond Treasury
The benefits of implementing a treasury management system (TMS) to optimise one’s treasury operation have been well-known for a number of years, but in recent times the traditional scope of the treasurer’s responsibilities and the tools at their disposal have broadened substantially. Not only can treasurers now use a TMS to eliminate manual, spreadsheet-based activities […]
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the blow-by-blow account. Reflecting on an insightful few days in Geneva, it’s clear how much […]
Virtuals and Ledgers Unplugged: Looking Beyond the Hype
The industry has created confusion by using the term ‘virtual accounts’ to describe a wide range of products. Here we aim to demystify the terms being used to describe Virtual Account Management (VAM) or Virtual Ledgers, assess the capabilities available today and in future, and highlight the questions that every treasurer should be asking their […]
Time to Get Up to Speed with Instant Payments
Believe it or not, real-time payments are already changing the face of treasury. They offer an opportunity to rethink legacy payments, collections and liquidity management processes, glean valuable data, and add strategic value to the business. Instant payments are also a huge enabler of real-time treasury. But the rewards can only be reaped if treasurers […]
The Reality of Virtual Liquidity Management
Never ones to accept the status quo, Vanessa Manning and Paul Cuddihy, Deutsche Bank, talk to Eleanor Hill, Editor, TMI, and explain how virtual accounts can fall short of expectations, and the need for virtual ledger management (VLM) to truly transform the way treasurers manage their liquidity. Box 1: Virtual accounts: a refresher The term […]
Strength in Numbers: Delivering the Power of Digital in MENA
Digital disruption is exploding across the Middle East, North Africa, Pakistan and Turkey (MENAPT) region. With some of the highest smartphone penetration rates in the world, digitisation across these markets is being driven by new technologies, consumers, governments and businesses alike. For treasurers already operating in this market, or those looking to support their organisation’s […]
Credit and Collections – Staying Ahead of the Curve
Over the past 12 months, we have witnessed a dramatic increase in technology-based opportunities to improve credit and collection programmes. Access to new technology has traditionally only been available to large corporations with large revenue streams and complex structures that required a solution to consolidate all of their disparate systems into one interface. New delivery models including […]
Request to Pay: The Next Chapter in Collections Innovation
While the media may be full of talk of cryptocurrencies and blockchain, a quiet revolution in payments is gathering momentum: the emergence of real-time Request to Pay (RTP) collections. Regulators are creating open digital markets, merchants are reducing the friction and cost of collections, financial technology companies are building new services on top of banking […]