Boosted by a series of acquisitions, ALTANA repositioned its business as a speciality chemicals company. The former treasury function remained with the pharmaceutical business, so the new ALTANA needed to set up a new Group Treasury function.
Despite a continued decline in cheque volumes, the majority of payments received by US companies today are still made by cheque - and interest in lockbox services are on the rise.
Following a period of geographic expansion and financial process optimisation, Johnson Controls Inc. made the decision to appoint one bank per country for cash management.
The Editor examines the shift in trading routes from western economies to north-south and south-south trade, and notes how all companies should leverage the opportunities that this development provides.
Having cash in the right place at the right time has never been a more pressing concern. However, when companies decide to expand their group of cash management banks, there are inevitably consequences where liquidity management is concerned.
As mobile payments become more widespread among consumers, corporates face a growing need to interact with their customers in new ways across the payment and purchasing cycle.
We discuss the biggest hurdles encountered when attempting to optimise working capital, how technology can drive an integrated approach, and much more in this absorbing interview with the Head of Global Treasury Sales at Bank of America Merrill Lynch.