Latest Centralisation Articles
gtnews’ series of articles on the practical application of technology in corporate treasury continues with the second and concluding article about in-house banking (IHB). It addresses key IHB business operations including support for cash pooling, the management of inter-company lending and depositing, inter-company dealing, treasury accounting and payments management - including payment factory operations.
gtnews’ series of articles on the practical application of technology in corporate treasury continues with a discussion of in-house banking. Part one of two articles on this topic outlines the business benefits, and analyses the nature and importance of strong technology support as well as the operation of in-house bank (IHB) accounts.
The concept, role and profile of treasury have evolved immeasurably over recent years. Many treasurers have transformed their profile from a relatively isolated function within the business to a leading role in devising and delivering on the company’s strategic plans. Many large multinational corporations (MNCs) centralised core functions such as liquidity and risk management some years ago, and are now looking at new ways of adding value. Others, particularly smaller companies, have embarked on centralisation initiatives more recently.
The single euro payments area (SEPA), the European Union’s (EU) payment integration initiative, was meant to create a level playing field for banks and corporates alike, simplifying bank transfers, cutting costs and improving efficiency. However, SEPA continues to dominate the treasury media, and not always in a positive light. This article examines why so many corporates have delayed their preparation, what approach they must adopt, and looks at the vast opportunities that exist for those who choose to leverage the SEPA opportunity.