GeoPost Group Treasury has chosen the Kyriba platform for its cash-flow forecasting, payments, cash positioning and pooling activities. Together with the group’s centralised treasury in France, all major GeoPost subsidiaries will be accessing the Kyriba platform and single database over the internet. Kyriba’s Communication HUB will connect directly in each country to local and international banks giving each subsidiary as well as centralised treasury actual cash positions from multiple banks. The Communication HUB further allows GeoPost to set-up group-wide payment factory and automates reports between actual bank balances and forecasted estimates from various subsidiaries and banks across Europe.
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.