The Indian FMCG is working with the State Bank of India to provide non-recourse working capital financing for key distributors in India. CT explains how.
With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.
It seems treasurers are hard to please. Based on research compiled by East & Partners, the level of satisfaction of transaction banking services in Asia is misaligned with the quality of service they are getting.