By killing its Excel-based accounting model for FX transactions, the Indian FMCG group has saved both time and the money lost through costly human-based errors.
Corporate treasurers are becoming more open to working and investing into technology startups that can solve specific business issues. Flexible partnerships are now the order of the day, it seems.
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.
With the Royal Bank of Scotland out of the market for treasurers in Asia-Pacific, East & Partners Asia and CT reveal Asia’s best service providers for both cash management and trade finance in 2014.
Managing liquidity risk is vital, although many companies, especially in India, seem not to take it seriously. CT provides some simple tips on how to be more aware of your liquidity profile.