Latest Centralisation Articles
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.
For an increasing number of payment factories and shared service centres (SSCs) that already achieve high rates of straight-through processing (STP), optimised expense savings and efficiency gains, this article asks what many organisations want to know across the cash management and liquidity spectrum: what’s next on the agenda?
Increased investment in Africa has led treasurers to upgrade and improve their African cash and liquidity management to support the growth of their businesses. The current trend is to establish a regional treasury centre; however there are many challenges in doing so. This article outlines the main obstacles and how they can be addressed.
International corporate treasurers are certainly focusing more attention on Africa. But what are the main considerations for treasury departments whose organisations are establishing a presence in Africa? How much variation is there in the cash management and trade environments of the region’s leading economies? Africa’s payments systems and the fast-growing mobile payments market must also be considered.