Latest Industry Sectors Articles
With more corporates choosing to connect to provider SWIFT through a variety of options, financial messaging is a key concern for treasurers. Trends in the industry were under discussion at Fundtech’s recent Insights EMEA conference in London, which included this case study on SWIFT implementation from the deputy treasurer of the British Broadcasting Corporation (BBC).
In today’s unpredictable business environment, companies are often required to make fundamental changes to leadership and management. Statoil is a Norwegian oil and gas producer with activities in 36 countries, 25,000 employees and a turnover of around $130bn. In 2005, the company abolished traditional budgeting, followed by its decision in 2010 to ‘kick out the calendar’. These were both key steps on a journey towards a more dynamic, flexible and self-regulating management model which Statoil calls ‘Ambition to Action’.
The UK retail sector has in recent years discovered the benefits of supply chain finance (SCF) to maintain regular deliveries, as a tougher trading environment and increasing pressure on their suppliers threaten to expose any vulnerabilities.
While many believe that cash in circulation is decreasing, data shows the amount of cash in almost every country in the world is actually increasing. Although cash usage is indeed dropping on a percentage basis and the cash share of consumer spending is also decreasing, the number of banknotes in circulation is increasing in tandem with economic growth - a trend expected to continue through to at least 2022. gtnews spoke with Fiserv business development director David McLaren and product development director Louis Layton at Sibos 2013 about solutions to help corporates and banks manage this growing pile of cash.