In distress situations, companies often seek creative ways to stretch their liquidity – and structured payables are gaining popularity. But be careful, these programmes can quickly turn your payables into debt.
From crude solutions such as extending payment terms to complex arrangements such as supply chain finance, treasurers must keep all plates spinning in working capital management.
Having just completed a bank guarantee via blockchain, the CFO of the company behind Australia's Westfield malls tells CT what’s needed to get the distributed ledger into the mainstream.