Corporates operating in Asia with an SAP Ariba licence can get supply chain financing from Standard Chartered. Integrating SAP Ariba with ERP systems remains tricky, however.
Increasingly, treasurers rely on internal and external systems, and large corporations have expensive, automated TMS. At its heart however is the idea that information means business.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
ICBC’s Singapore branch can now provide renminbi cross-border settlements. What factors will help Singapore to rival Hong Kong as a renminbi hub and what will it mean for the CNH? CT asks the experts