Exidio has announced that Sapa has become a client on Trezone, the company’s web-based business-to-treasury (B2T) solution. Sapa’s intra-company FX hedging and money market needs are now handled on-line and synchronised with their treasury management system (TMS).
The size of Sapa has more than doubled during the past two years. Despite the increasing amount of issues to deal with, the company want to maintain a centralised treasury organisation, in line with the Genesis projects that runs in the group and is about enhancing our productivity. Genesis in Treasury was launched to scrutinise treasury processes and to eliminate waste of time and money – with the objective to cut time spent on reporting routines by 50% while continuing to provide Sapa’s business units with risk management services.
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.