Latest Centralisation Articles
As an increasing number of global and Asian-headquartered multinationals (MNCs) begin to manage cash out of Asia rather than New York or London, developing the right structure for their regional treasury centre (RTC) is essential. This article describes how setting up the RTC in a business-friendly location such as Singapore offers a multitude of advantages.
Treasury transformation refers to the definition and implementation of the future state of a treasury department. This includes treasury organisation and strategy, the banking landscape, system infrastructure and treasury workflows and processes. This article examines the triggers for transformation and also the resulting opportunities for simplification.
Payment factories and ‘on behalf of’ models offer corporate treasurers the opportunity to capitalise on strategic opportunities, in addition to the easier gains of lower costs, increased cash visibility and improved control over the timing and terms of payments.
Interest has been growing for some time in the concept of a shared service centre (SSC) where payment activities, including treasury and accounts payable, are centralised. Now, with the arrival of single euro payments area (SEPA) direct debits (SDDs) and credit transfers (SCTs), organisations have the chance to create a truly international payments and collections factory that enables efficient handling of payments to and from organisations in multiple countries - at a price equivalent to domestic banking. This article outlines for corporate treasuries the steps required to develop one that maximises the advantages.