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 […]
Etihad Airways has successfully deployed Artificial Intelligence (AI) to identify erroneous payments to suppliers. In turn, this has saved the finance team precious time by reducing false positives, while correctly identifying payment anomalies that could have been missed manually. Bhavesh Shivshanker, Head of Financial Operations, Etihad Aviation Group, gives TMI the inside story. Having set […]
Calastone Connect Forum 2020 Calastone’s Connect Forum 2020 brought together a quartet of treasury professionals to discuss the role of technology in enabling more efficient cash management while managing risk. With all embroiled in the turmoil of 2020, the need for real-time usable data to help treasuries better manage cash and liquidity requirements has become […]
Without question, the Covid-19 pandemic has strengthened the business case for digitisation and dramatically increased the pace of digital adoption. Treasury 4.0 technologies, such as data analytics and application programming interfaces, will be key to building long-term resilience. Here, four HSBC experts examine the challenges, risks and opportunities of embracing digital treasury capabilities – and […]
Rapid growth is a nice challenge to have. Nevertheless, Kendall Weissmueller, Corporate Controller, Galls, knew that the company’s finance team needed to upgrade its treasury technology to better support the organisation’s billion-dollar growth plans. Bottomline TreasuryXpress was on hand to help. When a business with ambition feels held back by its technology, you know change […]
Financial planning has always been vital to businesses in order to make sound, long-term decisions. Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. In the past few months, planning has changed – and it has changed dramatically. The way we perceive business […]
By adopting an innovative physical cash pooling solution Aspen Pharmacare, in partnership with BNP Paribas, has unleashed a host of improvements – from interest cost savings to simplifying the reconciliations process. Here’s how the teams achieved this joint project, which is a first of its kind in South Africa. Cash remains king, and as with […]
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, […]
While the uptake of sweeping initiatives, such as SEPA Instant Credit Transfer (SCT Inst) and SWIFT gpi, tends to grab all the headlines, there remain a number of other pain points for banks and corporates that can be addressed only through close dialogue between both parties. Let’s take credit collection as an example. This is […]
With the aim of being as efficient as possible in its reconciliations, Panini was looking to achieve the same level of detailed information on cross-border collections as it was able to achieve on domestic collections. To help deliver this, Fabrizio Masinelli, Group Treasurer, Panini S.p.A and President of the Italian Association of Corporate Treasurers, turned […]
If you ever find yourself being interviewed by Chris McLoughlin, tell him all about the times things went pear-shaped during your working day. He values confidence, resilience and tenacity in his team members and, in return, he offers adaptability, flexibility and empathy as a manager. “No one can do it alone,” he advises his peers. […]
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 […]
Multilateral netting is one of the most underestimated ways to optimise intercompany payments and group performance. In this Executive Interview, Eleanor Hill, Editor, asks Martin Bellin, Founder and CEO of the BELLIN Group, to explain why multilateral netting deserves a little more attention, and how treasurers can make the most of it. Eleanor Hill (EH): […]
India is rapidly becoming a digitally-empowered society and economy, opening up new growth and efficiency opportunities for corporates along the way. Successfully embracing digital innovation is both a science and an art, however, as four industry experts explained during a lively panel debate at HSBC’s recent Global Liquidity and Cash Management Digital Innovation and Transformation […]
As a world class elevator and escalator manufacturer KONE Corporation is committed to improving the flow of urban life. In treasury too, the focus is on improving flow, but rather of information and transactions. With operations in more than 60 countries globally, implementing SWIFT has been a crucial way for KONE to harmonise bank communications, […]
