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.
Most airlines hedge fuel expenses. This time, Cathay Pacific failed to predict oil would stay cheap. It is not alone in making this call ... and it wasn't necessarily wrong.
The conglomerate’s Asia-Pacific business is working with UOB to kill payment times for key SME suppliers in Singapore while maintaining its own working capital cycle.
Malaysia’s largest bank by assets has re-organised its transaction banking structure, bringing in its deputy head of global markets to run the business.