Covid-19 is shaking up corporate treasurers’ relationship with their banks, and customer preferences are changing, according to a new study by East & Partners (Asia).
Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.
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.