Blog
To counter the impact of the current macro-economic distress triggered by the 2008 financial crisis, corporate treasurers have been challenged for the last five years to optimise their company’s working capital. This blog from gtnews contributing editor, Enrico Camerinelli, explores the available options, but also warns against a short-term approach that could damage physical and financial supply chains and introduce risk into a company.
Blog
There is robust pent-up demand for supply chain financing (SCF) from corporations and their treasury departments, yet the market has shown surprisingly slow growth in recent years, says gtnews contributing editor Enrico Camerinelli. This article explores the obstacles that have impeded progress and offers some thoughts on what can be done to move ahead.
Blog
The introduction of the EU Directive on Late Payments (2011/7/EU) is just around the corner. This article analyses who stands to benefit most from the new rules and suggests that some of the new directive’s provisions give cause for concern.
Video
Kevin Phalen, head of commercial cards, Bank of America Merrill Lynch (BofA Merrill), explains how commercial cards can be a central component of a working capital solution, and also the role technology is playing in driving the adoption of purchasing cards.
Survey Results
The gtnews 2012 Cash Management and Trade Finance Survey is our annual barometer on how companies are managing their global cash and trade flows in an increasingly complex financial environment. This year's findings show companies are pushing ahead with centralisation of cash and trade finance, improving their cash flow forecasts and exerting more control over their risk exposures.
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Survey Results
Since the financial crisis in 2008, the treasury role has changed and become more strategic. The importance of treasury to the organisation has increased, with much more emphasis on cash management and forecasting, working capital management and above all operational risk management.
in association with Bank of America Merrill Lynch
Commentary
At a gala dinner on the evening of 24 May at the prestigious Sofitel Grand Hotel in Amsterdam, the Netherlands, the winners of the third gtnews Awards for Global Corporate Treasury, sponsored by Bank of America Merrill Lynch (BofA Merrill), were announced. More than 110 attendees gathered from around the world to celebrate best practice and reward industry-leading projects and personalities.
Video
David Aldred, EMEA energy, power, chemicals and industrials sector head, Citi Transaction Services, describes treasury activities in these diverse sectors, explaining the need for a back-to-basics approach and examining industry requirements for capex.
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Video
Steve Elms, head of consumer and healthcare, EMEA, Global Transaction Services, Citi, looks at how corporates in this sector are improving liquidity and risk management, comments on the uptake in supply chain finance products and highlights issues relating to cash flow forecasting.
in association with
Survey Results
The 2011 Financial Supply Chain Survey polled corporates about how they are managing the challenges in their financial supply chain (FSC). There were some eye-opening results, with a continued lack of real ownership of the FSC, as well as a high occurrence of breakage events that could be avoided. Risk management is still foremost on most corporate agendas, while forecasting and planning also present one of the main challenges. This article looks at the survey's results and puts them in context.
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Commentary
Earlier in the year it looked like corporates in Asia, and particularly in markets like India or Indonesia that are heavily dependent on foreign funding, might face a liquidity crunch that would seriously affect trade finance.
Blog
In recent years, a new breed of non-bank player has emerged in the European supply chain finance (SCF) marketplace, offering solutions particularly well-suited to the needs of small and medium-sized enterprises (SMEs). Looking ahead, I believe that a November 2009 change in EU financial regulations opens the door for another group of highly entrepreneurial non-bank players - payment service providers - to take SCF for European SMEs to the next level.