Due to a lack of pre-payment control, demand for using credit cards for procurement purposes is still very low. However, recent developments in Australia could change all that.
The use of independent data to improve deal pricing can not only save your company money, but also will transform your department from an enabler to a business partner.
LG Electronics uses Thomson Reuters' FXall to improve operational risks, increase price tension with banks and obtain a clear picture of its trading activities. The technology could also help it report trades to regulators electronically should the time come.