XRT’s Enterprise Suite has been choosen by Teekay Shipping to centrally manage its global treasury operations, including cash, liquidity and risk. “We chose the XRT Enterprise Suite because of its integrated communications module and its ability to manage cash,” said Vince Lok, senior vice president and treasurer of Teekay Shipping. “XRT’s experience in dealing with foreign banks and its strong presence in Europe were also important considerations in our decision,” he added. With operations in 14 countries, Teekay will utilize the XRT platform to automatically link information from Teekay’s banks to its corporate accounting system in Canada. This includes debt, investments, foreign exchange and other treasury activities. As a result, Teekay expects to be able to eliminate a number of manual processes, which will improve data integrity and save time and money.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.