BOC International (BOCI) has selected the IT2 Treasury Management System for its front-to-back office processing. BOCI’s treasury team is staffed by over 12 professionals, whose core role is to provide working capital to the company’s foreign and domestic subsidiaries. The IT2 project is designed to automate all central workflows, including dealing and management of external and internal transactions, monitoring and management of liquidity and exposures, confirmation and settlement of treasury transactions, and treasury accounting.
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.