Payments and Collections

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...

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...

Now more than ever, treasurers need to take action to reduce the risks around payments – especially when it comes to sanctions compliance. Here, Joerg Wiemer, CEO, Treasury Intelligence Solutions (TIS) GmbH explains how centralising sanctions screening, and...

Building a European treasury hub from scratch is no mean feat – especially when you are aiming to take efficiency gains to a whole new level. Here, Christian Fraisl, Head of Accounting, VAT & Treasury and Regional Compliance & Ethics Officer, Aspen...

Since its incorporation in Shenzhen, PRC in 1988, Ping An Insurance (Group) Company of China, Ltd (Ping An) has become one of China’s leading integrated finance conglomerates. It is one of the world’s largest insurance groups, ranked 10th in the Forbes Global 2000...

For supply chain finance (SCF) to progress and reach the next set of struggling suppliers, the model needs a rethink. We need SCF 2.0. Getting to grips with late payments is easier said than done. A single purchase from end-to-end involves multiple departments, and...

Every company is unique in its set-up, stakeholders, and workflows, meaning that there is no one-size-fits-all approach to implementing a treasury management system (TMS). What all corporates have in common, however, is the opportunity to leverage a TMS implementation...

Digitalisation is thrusting all areas of the transaction banking industry into uncharted territory and to make the most of the arising opportunities, banks must strike a delicate balance between competition and collaboration.  As businesses adapt to..

In this interview with Eleanor Hill, Editor, Gareth Evans, Group Treasurer of the leading international healthcare group Bupa, describes how his experiences on an industry graduate training scheme gave him an appreciation of the special  perspective into...

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...

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...

Significant change is under way in the world of payments, with new, client-centric capabilities transforming how we transact. Carl Slabicki discusses how the real-time landscape is evolving, and how banks and the wider industry can make real-time payments a reality on...