Treasurers have pushed for years for getting better payment services and the EACT’s conclusion is that SWIFT gpi has started on very strong tracks. Immediate benefits for our industry include faster payments, higher control on costs, easier tracking and a reduction of inefficiencies. This initiative allows us to better understand how our banks operate and sometimes to assess or challenge their performance.
This article deals with short-term measures to optimise working capital and liquidity management. The strengthening of the supply chain, a currently important measure for many companies, is illustrated by an example from the retail sector.
ReadFor several years, the treasury operations have often been framed in the transfer pricing policy. However, during current survival operations, cash requirements increase and exceptional intragroup cash transactions may take place.
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Risk management in corporate treasury is more important than ever! It was and is essential to define risk areas and use scenarios to check what effects the current situation could have on the company to be prepared for appropriate measures.
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200 treasury professionals from across Europe shared their thoughts on treasury’s role and priorities as part of the EACT survey. Although some survey participants responded to the survey before the official lockdown in their respective countries, many companies had already implemented measures such as stopping business travel and moving to home working.
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Managing working capital is essential to every business under normal conditions, but even more so during a crisis.
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